|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||49.87 - 50.59|
|52 Week Range||49.04 - 68.75|
|PE Ratio (TTM)||56.79|
|Earnings Date||May 3, 2018|
|Forward Dividend & Yield||0.72 (1.41%)|
|1y Target Est||69.54|
The 2018 NFL Draft will be the biggest yet, with all three days live broadcast and the action taking place at Cowboys Stadium.
Here’s a quick wrap up of other headlines making news today.
Viacom Inc. posted better-than-expected results and said that its Paramount Pictures studio has returned to profitability, buoying the entertainment giant as it negotiates a merger with CBS Corp. Sales at Viacom’s international TV networks also grew 18 percent from a year ago, lifting sales across Viacom’s media networks group. Viacom reported overall sales of $3.15 billion, beating the average Wall Street estimate of $3.04 billion.
Within the next couple of weeks, the majority of TV network stocks will be reporting first-quarter earnings. Earnings season is always important for investors, but KeyBanc analyst Andy Hargreaves is expecting ...
When CBS Corp. Chief Executive Leslie Moonves, Viacom Inc. Chief Executive Bob Bakish and their top lieutenants met in January over deli sandwiches at CBS’s Los Angeles offices to discuss merging their companies, things started out cordially. People close to both Viacom and Shari Redstone, the president of National Amusements, the holding company that overwhelmingly controls both companies, say there is little chance of a deal without a senior role for Mr. Bakish. People familiar with CBS’s thinking are adamant he will have none.
President Donald Trump's fight against the media has led to higher than usual ratings even after the election. Surprise firings, criminal investigations and vague statements that have world leaders scratching their heads has turned President Donald Trump administration into political theater. Experts expected media ratings to normalize after the election when the NFL and other popular TV shows started to air.
On April 16, 2018, Netflix (NFLX) stock closed down 1.2% at $307.78 for the day. However, the company’s stock increased more than 6.0% in after-hours trading after its earnings announcement on April 16. Year-to-date, Netflix’s stock price grew more than 60.0%.
Netflix (NFLX) has been gearing up its growth efforts by investing in content and marketing to add and retain subscribers. Netflix expects to increase its marketing budget from ~$1.3 billion in 2017 to ~$2.0 billion for 2018. Netflix plans to invest $7.5 billion–$8.0 billion in 2018 to generate original content, up from $6.0 billion in 2017.
CBS Corp. directors must face investors’ claims they improperly granted network owner Sumner Redstone millions in compensation after he became incapacitated in 2014.
Infiniti has been able to utilize Turner Broadcasting System, Inc.’s and CBS Broadcasting, Inc.’s asset mix to help tell the company’s luxury automobile and lifestyle story.
CBS Corp. directors must face investors’ claims they improperly granted network owner Sumner Redstone millions in compensation after he became incapacitated in 2014. Shareholders can press forward with claims Redstone was unjustly enriched through compensation the board gave him after his health issues made it difficult to function and that pay was a waste of corporate assets, Delaware Chancery Court Judge Andre Bouchard concluded Thursday. Bouchard also dismissed investors’ challenges to some of Redstone’s compensation that reduces the amount at issue in the case to about $4 million from $13.5 million.