Last $60.43 USD
Change Today -1.07 / -1.74%
Volume 10.4M
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As of 8:04 PM 07/21/14 All times are local (Market data is delayed by at least 15 minutes).

cbs corp-class b non voting (CBS) Key Developments

CBS May Acquire Cable News Network

CBS Corporation (NYSE:CBS) said that it may acquire Cable News Network, Inc. (CNN). Leslie Moonves, Chief Executive Officer of CBS, said that his media company would be interested in acquiring CNN, if it becomes available. Moonves told reporters, "We've always talked about doing things with CNN. We'll see. It's something I'm sure we will look at if that becomes available."

Univision May Take Year Or More To Decide On Potential Sale

Univision Communications Inc. held preliminary talks with CBS Corporation (NYSE:CBS) and Time Warner Inc. (NYSE:TWX) earlier this year about a potential sale but its Board could take a year or longer to decide on a possible deal, said Reuters, citing people familiar with the matter.

Univision Looking For A Buyer

Univision Communications Inc. is looking for a buyer and starting with a $20 billion asking price. So far, Time Warner Cable Inc. (NYSE:TWC) and CBS Corporation (NYSE:CBS) are said to have had preliminary discussions about acquiring the company, but those talks have not progressed very far.

CBS Corporation Approves Quarterly Dividend, Payable on July 1, 2014

CBS Corporation announced that its board of directors has approved a quarterly dividend on the company's stock of $0.12 per share. The dividend is payable on July 1, 2014, to shareholders of record on June 10, 2014.

Judge's Ruling Favors CBS Lawsuit Filed by Former Talent Agent

CBS Corporation announced that Los Angeles superior court judge has ruled that George Litto, the former talent agent for the late Hawaii Five-0 creator Leonard Freeman, isn't entitled to revenue generated by the CBS reboot of the television crime series. Judge Elizabeth Allen White issued a proposed statement of decision finding that a 1997 deal between CBS and Freeman's widow, Rose Freeman, didn't include rights to the new series, which just finished its fourth season and is set to begin filming the fifth season this summer. Litto had filed a $100 million lawsuit in 2012 claiming he was cut out of the financial success of the new "Hawaii Five-0," which is filmed almost entirely on Oahu. Litto and the defendants, who included Freeman's heirs and CBS, had appeared headed for a settlement before the case went to trial before white earlier this month.

 

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CBS

Industry Average

Valuation CBS Industry Range
Price/Earnings 20.1x
Price/Sales 2.4x
Price/Book 4.2x
Price/Cash Flow 13.8x
TEV/Sales 1.6x
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