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Stock Market & Financial Investment News

News Breaks
June 25, 2014
16:11 EDTCBSCBS initiated with a Buy at Jefferies
Target $72.
News For CBS From The Last 14 Days
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October 2, 2014
11:47 EDTCBSCBS new radio stations a good strategic fit, says Wells Fargo
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10:31 EDTCBSBeasley Broadcast enters into asset exchange agreement with CBS Radio
Beasley Broadcast (BBGI) announced that it entered into an asset exchange agreement with CBS (CBS) Radio, whereby Beasley will exchange five stations in Philadelphia and Miami for fourteen CBS Radio stations in Tampa-St. Petersburg, Charlotte and Philadelphia. Pursuant to the terms of the agreement, there is no cash consideration or other contingent consideration to be paid by either party beyond the asset exchange. Beasley Broadcast Group expects the transaction to be accretive to its station operating income in the first eighteen months of ownership. The transaction is expected to close in the fourth quarter of 2014, subject to FCC approval, the expiration of the applicable Hart-Scott-Rodino waiting period and other customary closing conditions. Upon closing, the proposed transaction will increase Beasley's portfolio of owned and operated stations to 53, including 33 FM and 20 AM stations, in twelve markets with approximately 7.7 million weekly listeners.
September 30, 2014
11:54 EDTCBSFCC eliminates sports blackout rules
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06:25 EDTCBSFCC asks media companies for Comcast contract details, WSJ reports
The FCC is pushing for media companies to submit details of their programming agreements with Comcast (CMCSA) ahead of the company's merger with Time Warner Cable (TWC), reports the Wall Street Journal. Citing a person familiar with the matter, the FCC believes the documents contain information that would be relevant in its review. Officials from media companies including CBS (CBS), 21st Century Fox (FOXA), Disney (DIS), Discovery (DISCA), Time Warner (TWX) and Viacom (VIA;VIAB) met with FCC staff earlier this month to voice concerns about releasing highly confidential materials. Reference Link
September 23, 2014
08:06 EDTCBSCBS near-term volatility will create opportunity, says Wells Fargo
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September 18, 2014
06:37 EDTCBSCBS head looks to reduce radio assets within 12 months, Reuters says
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