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Stock Market & Financial Investment News

News Breaks
March 11, 2014
11:50 EDTCBSCBS may cut off broadcast if Aereo is deemed legal, Reuters reports
CBS (CBS) CEO Leslie Mooves said it may cut off its broadcast and offer its content directly to consumers if the Aereo video streaming service is legal, reports Reuters. At an investor conference, Mooves said "If Aereo should work, if they should win, which we don't think will happen, we can go OTT with CBS." Reference Link
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June 24, 2015
08:25 EDTCBSNetflix on pace to have larger audience than all networks, FBR says
FBR Capital analyst Barton Crockett says that while Netflix (NFLX) is not rated by Nielsen (NLSN), the 10B hours streamed in Q1 reported by the company are equivalent to having a 24-hour rating of 2.6, on par with Disney's (DIS) ABC and Comcast's (CMCSA) NBC. And while ratings at broadcasters are falling on average, Netflix is growing its ratings at a 40%-plus compound annual rate, Crockett tells investors this morning in a research note. At this pace, Netflix in a year will have a larger 24-hour audience than all broadcast networks, he contends. Regarding last night's 7-for-1 stock split announcement, Crockett says the move reflects management's confidence in the "durability of the recent stock surge." For perspective, three years ago Netflix shares were around $60. This morning they are trading up $18.69 to $699.88 in the pre-market. Crockett has an Outperform rating on the streaming service with a $900 price target.
June 23, 2015
13:09 EDTCBSHulu to sell Showtime premium package for subscribers
Hulu (DIS;NWSA;CMSA) will sell Showtime Networks' (CBS) Internet streaming service to subscribers in early July, reports Variety. Hulu will offer Showtime to its subscribers for $8.99 in addition to the $7.99 fee Hulu subscribers pay per month.Reference Link
June 17, 2015
12:15 EDTCBSNexstar and CBS enter into affiliation agreement renewals
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June 15, 2015
16:00 EDTCBSOptions Update; June 15, 2015
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