|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||58.67 - 59.39|
|52 Week Range||48.88 - 70.10|
|PE Ratio (TTM)||150.25|
|Dividend & Yield||0.72 (1.24%)|
|1y Target Est||N/A|
CBS Corporation (NYSE: CBS ) declined about 9 percent thus far in September, in sympathy with other media stocks. They were on the wane over the past few weeks after Walt Disney Co (NYSE: DIS ) provided ...
Cowen & Co.'s Doug Creutz and Stephen Glagola cut their earnings estimates for 2018 and 2019 across the board for the media companies in their coverage, writing that they expect rising TV network margin pressure to be an ongoing issue for the group. The problem is falling sales growth, with pressure on both affiliates and advertising, and controlling costs is only going so far. Traditional media companies will likely have to start their own streaming services to survive, but even that move won't alleviate the margin pressure, they warn, and reducing costs will probably only hasten revenue attrition, as new entrants to the industry are spending freely on content.