Last $55.91 USD
Change Today -0.59 / -1.04%
Volume 10.8M
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As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

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

CBS Corporation and Media General Sign Deal to Renew All Affiliation Agreements

CBS Corporation and Media General, Inc. announced a comprehensive deal that renews all of Media General's existing station affiliation agreements. These agreements strengthen its important partnership with CBS and enable its to continue providing its viewers with high-quality network programming. The agreement includes renewals for the following Media General affiliates: WRBL in Columbus, Ga.; WBTW in Florence, S.C.; WNCT in Greenville, N.C.; WHLT in Hattiesburg, Miss.; WJTV in Jackson, Miss.; WJHL-TV in Johnson City, Tenn.; KLFY in Lafayette, La.; WLNS-TV in Lansing, Mich.; WKRG-TV in Mobile, Ala.; KELO in Sioux Falls, S.D. (including its satellites KDLO in Florence, S.D. and KPLO in Reliance, S.D.); KCLO in Rapid City, S.D.; and WSPA-TV in Spartanburg, S.C.

Mallory Musallam Files Class Action Lawsuit Against CBS Broadcasting and CBS Corp

Mallory Musallam filed a class action lawsuit last week against CBS Broadcasting, CBS Corp., and the late night host's Worldwide Pants, for compensation for the time she worked as an intern on the show, as well as compensation for everyone else who ever interned there without pay. Musallam's suit claims she worked full 40-hour weeks without ever receiving any 'academic or vocational training' while at the Late Show. The suit comes as ICM Partners is fighting off a similar class action suit of its own, and filed a motion to dismiss the action last week. But last year, a federal judge found interns working on Darren Aronofsky's Black Swan were actually employees under the definition of the Fair Labor Standards Act and New York Labor Law.

CBS Corporation Presents at Bank of America Merrill Lynch Media, Communications & Entertainment Conference 2014, Sep-17-2014 01:35 PM

CBS Corporation Presents at Bank of America Merrill Lynch Media, Communications & Entertainment Conference 2014, Sep-17-2014 01:35 PM. Venue: Beverly Wilshire Hotel, 9500 Wilshire Blvd., Beverly Hills, CA 90212, United States. Speakers: Leslie Moonves, Chief Executive Officer, President and Director.

CBS Corporation Signs Affiliation Deal with Lin Media Renewing Agreements for 12 Stations Nationwide

CBS Corporation has announced a comprehensive deal with LIN Media to renew existing station affiliation agreements for 12 LIN stations in ten markets nationwide. The agreement includes renewals for KRQE in Albuquerque, N.M.; KBIM-TV in Roswell, N.M.; KREZ-TV in Durango, Colo.; WIAT in Birmingham, Ala.; WIVB-TV in Buffalo, N.Y.; WANE in Fort Wayne, Ind.; WLFI-TV in Lafayette, Ind.; KIMT in Mason City, Iowa; KOIN in Portland, Ore.; WPRI in Providence, R.I.; WTHI-TV in Terre Haute, Ind.; and WKBN-TV in Youngstown, Ohio.

CBS Corporation Announces Redemption of 8.875% Senior Notes Due 2019

CBS Corporation announced the full redemption of its outstanding 8.875% senior notes due May 15, 2019. The redemption date is September 20, 2014. The redemption amount for the notes is equal to the sum of the principal amount of the notes outstanding, the make-whole amount calculated in accordance with the terms of the notes and the related indenture under which the notes were issued, and the accrued and unpaid interest on the notes up to, but excluding, the redemption date of September 20, 2014. The aggregate principal amount of the notes outstanding on August 21, 2014, is $264,250,000.

 

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British Sky Broadcasting Group PLC 889.00 GBp +5.00
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CBS

Industry Average

Valuation CBS Industry Range
Price/Earnings 18.1x
Price/Sales 2.1x
Price/Book 3.5x
Price/Cash Flow 11.7x
TEV/Sales 1.4x
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