- CBS has some of the characteristics of a classic value stock.
- CBS is not a value play because its TTM revenue and free cash flow are falling.
- Unlike Disney’s ABC or Comcast’s NBC, CBS lacks the resources to produce programs that might succeed on streaming video.
- CBS’s $275 million gamble on Thursday Night Football has not paid off with higher ratings.
- CBS has advertising commitments for only 75% of its commercials for the fall season.