(CBS) CBS Switches Off Radio – agreed to sell four of its radio stations
Yesterday, CBS Corp. (CBS) agreed to sell four of its radio stations – KINK-FM, KUPL-FM, KUFO-FM and KCMD-AM – in Portland, Oregon, to Alpha Broadcasting (a company formed by radio executive Larry...
View Article(CBS) CBS Corporation Re-affirms Operating Guidance
CBS Corporation (CBS), the media conglomerate, recently asserted that it still expects its full year 2009 operating income before depreciation and amortization (OIBDA) in the range of $1.725 billion to...
View Article(CBS) CBS Corporation Tops Consensus Estimates
CBS Corporation (CBS) recently reported better-than-expected third-quarter 2009 results. The quarterly earnings of 25 cents a share surpassed the Zacks Consensus Estimate of 22 cents, but fell 35.9%...
View Article(OMC) Omnicom Group Partners with CBS
During the second week of November, OMD, a unit of Omnicom Media Group, the media services division of Omnicom Group Inc. (OMC), announced a new research partnership with CBS Vision, the research...
View Article(NFLX) Netflix Inc. Rallies on Takeover Rumors
The DVD and streaming video company – Netflix Inc (NFLX) rose 1.41% and closed at $56.89 amid rumors that it might be taken over by Amazon.com Inc (AMZN). Netflix has surged more than 6% following its...
View Article(CBS) CBS Corporation Upgraded by Analyst
CBS Corporation’s (CBS) strategic initiatives have helped it to weather the economic downturn. The company has been aggressively selling slow-growth radio stations in mid-sized markets to focus on the...
View Article(CBS) CBS Earnings Report In-line with Consensus Estimates
CBS Corporation (CBS), a diversified media conglomerate, recently reported fourth-quarter 2009 results. The quarterly earnings, which remain in line with the Zacks Consensus Estimate, posted a...
View Article(CSCO) Federal Communications Commission Announces US Broadband Plan
The Federal Communications Commission (FCC) has outlined its goals for the “National Broadband Plan” (NBP), which the agency will deliver to the Congress on March 16, 2010. The regulator has drafted...
View Article(CBS) CBS Corporation Analyst Downgrades Stock
We recently downgraded our recommendation on CBS Corporation (CBS) to Neutral from Outperform with a target price of $15.00. Due to its exposure to publishing, radio and television broadcasting, and...
View Article(CBS) CBS Corporation Reports Earnings In Line with Consensus
CBS Corporation (CBS), a diversified media conglomerate, recently posted first-quarter 2010 results that were in line with the Zacks expectation and portrayed substantial improvement from the year-ago...
View Article(VZ) Verizon Adds Adds Time Warner to FiOS TV
Verizon (VZ) has announced a major enhancement to its FiOS TV service by adding the network services of media giant Time Warner Inc. (TWX). The US wireless ace has reportedly signed a pact with Time...
View Article(VZ) Verizon Communications Reduces CO2 Emissions
Verizon Communications (VZ), a global leader in delivering broadband and other wireless and wire line communications services, will buy natural gas vans from Ford Motor Company (F) in its effort to...
View Article(VZ) Verizon Communications Offers Free FiOS Service
Verizon Communications (VZ) will offer free one month FiOS Internet and television subscription to its customers. The company will not charge any fees if customers terminate their services after a...
View Article(CBS) CBS Beats The Street Consensus
CBS Corp. (CBS), a diversified media conglomerate, recently posted second-quarter 2010 results that topped the Zacks’ expectation and portrayed a substantial improvement from the year-ago quarter on...
View Article(MSFT) Microsoft and Yahoo Working on Video Advertising
Tying advertisements to Internet users’ online behavior has so far remained restricted to text searches, but the trend is changing. There is a growing belief that consumers prefer to view ads of their...
View Article(AAPL) Apple Introduces New iPod Line
Apple Inc. (AAPL) refreshed its iPod line, introducing new features to the iPod Touch, iPod Nano and iPod Shuffle at its event held in San Francisco yesterday. Apple also introduced iTunes 10 with Ping...
View Article(CMCSA) Comcast Closing in on NBC Universal Deal?
Is Comcast Corp. (CMCSA) on the verge of getting regulatory approval to acquire a controlling stake in NBC Universal (NBCU)? A recent change at the helm of NBCU indicates this. Yesterday, Comcast and...
View Article(A) Company News for October 7, 2010 – Corporate Summary
• PepsiCo (NYSE:PEP) reported third-quarter earnings of $1.22, in-line with expectations, on a 40% revenue jump to $15.5 billion, above projections of $15.4 billion. The firm also lowered 2010 guidance...
View Article(BIG) Company News for December 3, 2010 – Corporate Summary
• Walter Energy (NYSE:WLT) said it plans to acquire Canada’s Western Coal for $3.3 billion • Google (NASDAQ:GOOG) is reported to have signed a deal to pay $1.9 billion for a Manhattan city block •...
View Article(DVR) TiVo Announces Launch of Free Advertising Effectiveness Evaluation Website
A provider of interactive advertising solutions and developer of digital video recorder (DVR), TiVo Inc. (TIVO) recently launched a free interactive website that measures and compares the effectiveness...
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