Reaction to CBS split-off of CBS Outdoor Americas

|About: CBS Corporation (CBS)|By:, SA News Editor

Shares of CBS (CBS) move higher in premarket action after the company decides to divest CBS Outdoor Americas (CBSO) earlier than anticipated.

Wells Fargo is out with early commentary on the development. The firm says the early conversion of CBS Outdoor to a REIT is a positive and likes the implications for CBS shareholders.

Media industry insiders like the visibility the split-off will help present for CBS shareholders.

CBS +1.4% premarket