CBS - CBS Corporation

NYSE - NYSE Delayed Price. Currency in USD
49.24
+0.47 (+0.96%)
At close: 4:02PM EST
Stock chart is not supported by your current browser
Previous Close48.77
Open49.03
Bid48.50 x 900
Ask0.00 x 1100
Day's Range48.86 - 49.73
52 Week Range41.38 - 60.10
Volume3,277,307
Avg. Volume3,199,474
Market Cap18.439B
Beta (3Y Monthly)0.77
PE Ratio (TTM)14.01
EPS (TTM)3.52
Earnings DateFeb 14, 2019
Forward Dividend & Yield0.72 (1.50%)
Ex-Dividend Date2018-12-10
1y Target Est64.67
Trade prices are not sourced from all markets
  • CBS Films Is Ditching the Box Office for Streaming
    Motley Fool11 hours ago

    CBS Films Is Ditching the Box Office for Streaming

    Bringing films directly to streaming is CBS's best option in today's environment.

  • Markit15 hours ago

    See what the IHS Markit Score report has to say about CBS Corp.

    # CBS Corp ### NYSE:CBS.A View full report here! ## Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is extremely low for CBS.A with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CBS.A. ## Money flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, ETFs holding CBS.A are favorable, with net inflows of $1.34 billion. Additionally, the rate of inflows is increasing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap | Neutral The current level displays a neutral indicator. Although CBS.A credit default swap spreads are decreasing, they remain near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Nielsen Renews Agreement With Cox Media, Boosts Clientele
    Zacks2 days ago

    Nielsen Renews Agreement With Cox Media, Boosts Clientele

    Nielsen (NLSN) renews agreement with Cox Media Group in a bid to expand its client base. However, competition from the likes of ComScore is a concern.

  • Les Moonves challenges CBS over denial of $120 million severance package
    MarketWatch2 days ago

    Les Moonves challenges CBS over denial of $120 million severance package

    Former CBS CEO Les Moonves is fighting the company’s decision to deny his $120 million severance package following his firing over sexual misconduct allegations.

  • The Wall Street Journal2 days ago

    [$$] Leslie Moonves to Fight CBS Decision to Withhold $120 Million Severance

    Former CBS Corp. head Leslie Moonves is challenging the company’s decision last month to deny him a severance package of $120 million, CBS said Thursday, a move that will further prolong a monthslong drama at the media conglomerate. Mr. Moonves, who was forced to resign as chairman and chief executive amid accusations of sexual harassment in September, was denied his severance after a CBS board investigation concluded that he had violated company policies, breached his employment contract and intentionally failed to fully cooperate with the investigation. The terms of his exit agreement from CBS allow Mr. Moonves to challenge the board’s decision in arbitration.

  • Les Moonves’s CBS Salary Grab Is Unseemly
    Bloomberg2 days ago

    Les Moonves’s CBS Salary Grab Is Unseemly

    Leslie Moonves, for his part, is pushing back. For those catching up on his story, here is a recap: Last year, a dozen women came forward with accusations that Moonves sexually harassed or assaulted them, including instances of forced oral sex, in detailed accounts provided to the New Yorker. A draft of the report seen by the New York Times said that Moonves “engaged in multiple acts of serious nonconsensual sexual misconduct in and outside of the workplace,” and that they found him to be “evasive and untruthful.” It also included previously undisclosed allegations, according to the Times.

  • TheStreet.com2 days ago

    Former CBS Chief Moonves Launches Bid to Recover $120 Million Golden Parachute

    One-time entertainment titan Leslie Moonves is headed to arbitration in a bid to win back his $120 million exit package from CBS Corp. The former CBS CEO notified the network on Wednesday that he plans to demand "binding arbitration" to settle his dispute with CBS over its decision to deny him a $120 million golden parachute, CBS' legal counsel disclosed in an 8-K filing with the SEC. Moonves separation agreement with CBS, inked Sept. 9, gave the broadcaster's former chief the right to take any dispute over his termination to arbitration.

  • Ousted CBS chief to fight for his $120M severance package
    American City Business Journals2 days ago

    Ousted CBS chief to fight for his $120M severance package

    CBS’s board concluded that Les Moonves had violated company policies, breached his employment contract and failed to cooperate with the investigation into his behavior.

  • Ousted CBS chief Moonves to pursue arbitration for $120 million severance
    American City Business Journals2 days ago

    Ousted CBS chief Moonves to pursue arbitration for $120 million severance

    The move comes 30 days after CBS announced that it would not be awarding its former chief his $120 million severance payment.

  • Leslie Moonves challenges $120 million severance denial by CBS
    Reuters2 days ago

    Leslie Moonves challenges $120 million severance denial by CBS

    Moonves resigned amid a wave of allegations of sexual assault and harassment last September. In December, CBS denied Moonves of a $120 million severance package following a board review of the findings of an investigation into his behavior and the CBS culture conducted by two law firms hired by the CBS board. "On January 16, 2019, Mr. Moonves notified the Company of his election to demand binding arbitration with respect to this matter.

  • Reuters2 days ago

    Leslie Moonves challenges $120 million severance denial by CBS

    Moonves resigned amid a wave of allegations of sexual assault and harassment last September. In December, CBS denied Moonves of a $120 million severance package following a board review of the findings of an investigation into his behavior and the CBS culture conducted by two law firms hired by the CBS board. "On January 16, 2019, Mr. Moonves notified the Company of his election to demand binding arbitration with respect to this matter.

  • Leslie Moonves is going to arbitration with CBS over his $120 million exit package
    CNBC3 days ago

    Leslie Moonves is going to arbitration with CBS over his $120 million exit package

    Moonves is bringing his case against CBS to binding arbitration, the company said in an SEC filing Wednesday.

  • MarketWatch3 days ago

    CBS stock upgraded at MoffettNathanson as analyst says Viacom merger is 'foregone conclusion' this year

    Shares of CBS Corp. are up 0.9% in premarket trading Thursday after an upgrade to buy from neutral at MoffettNathanson. Analyst Michael Nathanson argued fears of an impending deal with Viacom Inc. have pressured CBS shares lately, but he said a merger between the two companies is a "foregone conclusion" this year. "As such, we are upgrading CBS on the assumption that a merger will be announced in 2019 that removes the very overhang that has hurt the stock," Nathanson wrote. "We think that the deal improves the structural weaknesses of both companies and drives the linked share prices higher." He maintained a $65 target price on CBS shares in conjunction with the upgrade. Nathanson rates Viacom shares at neutral with a $40 price target, writing that he is concerned about an upcoming renewal with AT&T Inc.'s DirecTV. CBS shares have fallen 14% in the past three months, while the S&P 500 has dropped 6.9%.

  • Netflix can 'continue to raise prices' amid new competition, says media mogul Barry Diller
    Yahoo Finance3 days ago

    Netflix can 'continue to raise prices' amid new competition, says media mogul Barry Diller

    Even after a price hike that sent some Netflix customers to social media in outrage, the company can “continue to raise prices,” said media mogul and tech investor Barry Diller. Besides his prediction on Netflix and the TV streaming wars, Diller explained why critics should back off Facebook, what he thinks of the Trump presidency, and what makes him consider Elon Musk a genius.

  • Moonves to fight CBS Corp. for $120 million severance in arbitration
    CBS MoneyWatch3 days ago

    Moonves to fight CBS Corp. for $120 million severance in arbitration

    On December 17, the CBS board of directors determined Moonves was fired "for cause." He had 30 days to say whether he would fight the decision.

  • 7 Companies Getting Hit by the Government Shutdown
    Kiplinger3 days ago

    7 Companies Getting Hit by the Government Shutdown

    The partial U.S. government shutdown is now into its fourth week, making it the longest-ever political standoff of its kind. While critical functions such as defense and mail delivery still are operating, other less-vital units have been mothballed, including several national parks and many Washington, D.C., monuments. A handful of agencies are somewhere in between, furloughing some nonessential workers while keeping essential ones at work to maintain the absolutely necessary aspects of their service. The ripple effect of the shutdown, however, has extended well beyond the circle of government employees and agencies. While government shutdowns typically don't hamper the stock market, a few publicly traded stocks and privately owned companies are starting to feel the pinch. These firms either provide contracted services and goods for the government, or cater to government employees who (for now) aren't receiving a paycheck. Here are seven companies that have been (or that analysts think could be) adversely impacted by the shutdown. ### SEE ALSO: 19 Best Stocks to Buy for 2019 (And 5 to Sell)

  • Nielsen's Clientele Strengthens With CBS Contract Renewal
    Zacks4 days ago

    Nielsen's Clientele Strengthens With CBS Contract Renewal

    Nielsen (NLSN) witnesses contract renewal from CBS Corporation for its Total Audience measurement services.

  • 7 Media Stocks That Make Prime M&A Targets
    InvestorPlace4 days ago

    7 Media Stocks That Make Prime M&A Targets

    On Monday, MNG Enterprises -- better known as Digital First Media -- renewed what looked to be a cooling wave of industry M&A by making a $1.4 billion overture for newspaper company Gannett (NYSE:GCI), publisher of USA Today. The never-ending march of the internet continues to change the landscape of the newspaper and media business, chipping away at bottom lines and forcing survivors to consider options that wouldn't have been considered just a few years prior. Amazon.com (NASDAQ:AMZN) CEO Jeff Bezos now owns the Washington Post. Tribune (formerly Tronc) was targeted last year by the investor that had just acquired The Los Angeles Times and The San Diego Union-Tribune. Indeed, some are surprised the industry is still as fragmented as it is. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Alden Global subsidiary Digital First Media continues to capitalize on the opportunity, adding publications to a roster of more than 100 newspapers and then cutting and sharing expenses. Though Gannett has yet to respond to, or comment on, the offer, it's a development that may well trigger fresh acquisition interest within the publishing and media industry. And while owning a particular stock solely because it may be a buyout target is a usually poor strategy, there's no denying a handful of media and publishing stocks just became a bit more valuable because of their buyout potential. * 8 Dividend Stocks With Growth on the Horizon Note, however, that not all of the most plausible acquisition targets are pure newspaper names, reflecting radical changes in how consumers digest information and entertainment. Source: Pineapple Express ### Daily Journal (DJCO) It's surprising that Daily Journal (NASDAQ:DJCO) hasn't already been nabbed up and made part of a bigger media empire, for a handful of reasons. One of them is its affordability. For just a little over $300 million a suitor could step into 10 different newspapers that are reliably profitable but could use the advantage of shared resources with a bigger partner. Another reason is the company's geographical focus. All of its target markets are in California, which would make for an easy bolt-on property for one of the state's existing newspaper groups. For instance, Patrick Soon-Shiong -- a major shareholder of newspaper group Tribune -- was the buyer of The Los Angeles Times and The San Diego Union-Tribune, pointing to interest in aggregating newspaper operations in nearby markets. Source: Shutterstock ### CBS Corporation (CBS) CBS Corporation (NYSE:CBS) has been aiming to acquire rival Viacom (NASDAQ:VIA, NASDAQ:VIAB) … a deal that's more likely to be done now that CBS CEO Les Moonves is out. But, there's just as much of a chance CBS could be the buyee before it's able to be the buyer. Like Daily Journal, CBS would be a reasonably affordable option for an outfit that perhaps wanted to get into the video content business. The company's certainly got some valuable assets to that end. Not only does CBS has rights to air some NFL games, but it has got long-standing staples of U.S. television like "60 Minutes" in its stable of programming. Add Showtime to that list, plus CBS All Access … an over-the-top-television venue that's gaining some traction, leveraging a rebooted Star Trek series. * 10 A-Rated Stocks the Smart Money Is Piling Into The catch? For regulatory reasons, neither foreign organizations nor owners of rival networks would be allowed to own CBS. It would have to be a company that's not directly in the same business. Source: Flickr ### Meredith Corporation (MDP) Meredith Corporation (NYSE:MDP) may not be a household name, but its publications are. This is the company behind magazines like Time, Sports Illustrated, People, In Style and more. It also owns several TV channels and, of course, websites that correspond with many of its magazines. It would be a nice addition for a semi-related players to garner exposure to the print world with some of the industry's most recognizable publications; a suitor would also enjoy exposure to localized television viewers at a scale that matters. That's not the core reason Meredith is one of a handful of publishing stocks that could soon be snatched up, however. The underlying reason is, Meredith has already demonstrated it's willing to buy, sell and deal as way of optimizing its enterprise. Case in point: Just a few months after buying Time magazine in late 2017, it was rumored to be mulling a sale of it along with Sports Illustrated. If it's distressed, the company may tacitly be holding itself out for sale to a buyer better positioned to leverage its brands. Source: Flickr ### E. W. Scripps (SSP) E. W. Scripps (NASDAQ:SSP) has been pegged as a buyout target for years now, but little on that front has ever transpired. That, however, could be about to change. Though started as a newspaper group decades ago, E. W. Scripps got entirely out of that business -- via a sale to the aforementioned Gannett -- to focus entirely on television. Now it owns 36 television stations and operates a handful of nationally syndicated networks viewable via traditional cable television or online. Scripps isn't afraid to reconfigure itself. The move out of the newspaper business and the spinoff of Scripps Network Interactive verifies that idea. The challenge has been the restriction on how the heirs to the company can sell their stakes, even if they chose to do so. More than 90% of the company's shareholder voting power is controlled by the Scripps family, which traditionally has been compelled to keep the business within the family. * 7 Stocks at Risk of the Global Smartphone Slowdown As time passes, though, the family is experiencing more and more pushback from activist investors like Mario Gabelli, who makes an increasingly convincing argument that the company can't continue on as-is. Source: (C)iStock.com/vaximilian ### New Media Investment Group (NEWM) In some regards, New Media Investment Group (NYSE:NEWM) is a prototype for the future of the printed newspaper. The days of the standalone newspaper are gone. They simply can't compete with the web on their own, particularly when aiming to create enough interesting content to produce a daily publication. Local or regional news is labor intensive, and too expensive if costs can't be shared. New Media Investment Group tackles that problem head-on, having aggregated 145 localized daily newspapers and 325 more surprisingly viable weekly newspapers. It also publishes so-called "Shoppers" that promote local businesses. Yet, the company knows that a newspaper in and of itself isn't enough. The key to a successful publishing business is rounding that product out with an online service that further helps local business connect with consumers through the internet. ThriveHive is that vehicle. More than that, though, New Media Investment Group is able to turn a consistent (even if less-than-thrilling) profit. ### S&P Global (SPGI) You'll know S&P Global (NYSE:SPGI) better as Standard & Poor's. Contrary to popular belief, Standard & Poor's is more than just market indices and basic research on publicly traded companies. S&P Global is a full-blown provider of data and written insight on market-related matters. Granted, its target audience isn't the average newspaper reader or television viewer -- it's the people who often discuss equity markets and the economy with consumers and investors. Information is power, though, and those people are willing to pay a premium for the information that allows them to position themselves as an expert. * Morgan Stanley: 7 Risky Stocks to Sell Now It would take a highly specialized buyer to successfully use S&P Global's unique platform and create synergy with it. But as vertical and horizontal dividing lines are blurred, it's not a stretch to suggest someone could want to plug into the well-established and profitable brand name. Source: (C)iStock.com/LincolnRogers ### Cision (CISN) Finally, add Cision (NYSE:CISN) to your list of publishing stocks that may end up being acquired if the Gannett deal kicks off a deal-making race. Cision may ring a bell as a distributor of press releases, though that's far from all it does. Indeed, that's only a superficial piece of its platform. While investors and consumers may merely be reviewing a news release, Cision is turning each and every one of those views into information that can be packaged and sold to client companies. Better still, the company's platform lets client companies measure the impact of their publicity efforts. It's not quite "media" in the traditional sense of the word, but as has been mentioned, the lines between entertainment and news have been erased. Press releases and third-party commentaries become part of a bigger online identity, all of which has to be managed. Analysts, even if not investors, are starting to see the value of such a service and valuing CISN stock richly as a result. Citi analyst Tyler Radke commented last year "We also see a call option on a critical trend in digital marketing -- the shift to 'earned' media, which is tracking and measuring the impact of bloggers, social influencers, etc. This is not in the numbers and we believe modest success here could support a $29 bull case." The next step is a publishing giant recognizing the potential of these tools when combined with more traditional media and publishing options. As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies That Could Post Decelerating Profits * 10 A-Rated Stocks the Smart Money Is Piling Into * Mizuho: 7 Long-Term Value Stocks to Buy Now Compare Brokers The post 7 Media Stocks That Make Prime M&A Targets appeared first on InvestorPlace.

  • PR Newswire4 days ago

    Scott+Scott Attorneys at Law LLP Investigating CBS's Directors and Officers for Breach of Fiduciary Duties Regarding Sexual Misconduct by Its Former Chairman - CBS

    NEW YORK , Jan. 15, 2019 /PRNewswire/ --  Scott+Scott Attorneys at Law LLP  ("Scott+Scott"), a national securities and consumer rights litigation firm, is investigating whether certain directors ...

  • Markit5 days ago

    See what the IHS Markit Score report has to say about CBS Corp.

    # CBS Corp ### NYSE:CBS View full report here! ## Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is extremely low for CBS with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CBS. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $13.07 billion over the last one-month into ETFs that hold CBS are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator. CBS credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • These TV Shows Can Charge the Most for Commercial Time
    GOBankingRates5 days ago

    These TV Shows Can Charge the Most for Commercial Time

    These shows demand six figures for 30 seconds of air time.

  • Viacom may sell stake in China TV operations
    American City Business Journals6 days ago

    Viacom may sell stake in China TV operations

    The China operations of Paramount Pictures, also owned by Viacom, are not involved in the discussions.

  • Final Trades: EEM, CBS, and more
    CNBC Videos2 days ago

    Final Trades: EEM, CBS, and more

    The "Fast Money" traders share their first moves for the opening bell.

  • Government shutdown could impact the super bowl
    Yahoo Finance Video2 days ago

    Government shutdown could impact the super bowl

    Georgia officials are expressing concern over the government shutdown having an affect on the super bowl. The big game is being held in Atlanta this year and the shortage of TSA employees could have a major impact on travel during super bowl weekend. Yahoo Finance Adam Shapiro, Julie Hyman and Dan Roberts discuss.

  • Government shutdown may impact Super Bowl ads
    Yahoo Finance Video5 days ago

    Government shutdown may impact Super Bowl ads

    Yahoo Finance's Zack Guzman and Julia La Roche discuss the impact of the government shutdown on the Super Bowl with Jim Decicco and Jake Decicco, Super Coffee co-founders.