Thu, Dec. 1, 5:05 PM
- NFL broadcasts on CBS (NYSE:CBS) to begin streaming on the subscription service this Sunday, December 4.
- All regular, preseason and postseason coverage included.
- Adding the highly-watched programming marks positive as CBS looks to track toward 4M subscribers of the service by 2020. As of July, a 1M count had been recorded.
- CBS All Access
Wed, Nov. 30, 8:30 AM
Mon, Nov. 28, 2:22 PM
Mon, Nov. 28, 9:56 AM
- With mounting criticism of the quality Thursday Night Football, scattered suggestions have emerged in recent weeks that the NFL could pull the plug on the experiment.
- The suggestions are stronger than that; per a source with knowledge of the situation, the league will be considering the possibility of ending - or at least limiting - the games, Pro Football Talk reports.
- The current contract with CBS (CBS -0.2%) and NBC (CMCSA -0.6%) runs through 2017, which means that changes to the package could be made by 2018 - barring a renegotiation. Twitter (NYSE:TWTR) also has a deal to broadcast Thursday Night Football games.
Wed, Nov. 23, 9:41 AM
- From Outperform prior. Target maintained at $63 (current price $60.93).
- Analyst Daniel Salmon considers CBS fairly valued, to become a "deal stock" regarding prospective Viacom merger and notes several catalysts, including an accelerated buyback, have already been worked through. Would become "fundamentally productive" on shares in the mid-$50s.
- Ranks "New Media pecking order" as follows – (NASDAQ:FOXA), (NYSE:TWX), (NYSE:CBS), (NASDAQ:VIAB), (NYSE:DIS)
Tue, Nov. 22, 10:43 AM
Tue, Nov. 22, 6:42 AM
- AT&T (NYSE:T) has signed a deal with Fox Networks Group (FOX, FOXA) to continue showing its channels across its offerings including its online video service, leaving only CBS as the last major holdout not to have its networks on DirectTV Now.
- AT&T has also replied to an FCC inquiry about net neutrality rules, stating its "zero rating" - exempting its streaming video services from data-usage caps - complies with the law and benefits consumers.
Thu, Nov. 17, 6:15 PM
- As NBC (CMCSA +1.5%) takes over its half of the season of Thursday Night Football broadcasts from CBS (NYSE:CBS) tonight, it looks like it might get its wish for higher ad rates than its rival.
- In the summer, NBC had argued that its Thursday night games might command higher rates, coming closer to the U.S. holidays -- and it's gotten as much as $600,000 for a 30-second spot, Reuters reports.
- It had been asking $560,000, in line with what CBS got for five Thursdays earlier in the season to which it drew an average of 14.7M viewers (down 16% Y/Y).
- NBC's back-loaded games might also benefit if last week's football ratings uptick is linked to the conclusion of U.S. election season.
- Comcast today hit an all-time high of $68.72.
Thu, Nov. 17, 12:18 PM
- In no surprise, the list is dominated by the ripping financial sector:
- Allstate (ALL +1.4%)
- Ameriprise (AMP +0.2%)
- TD Ameritrade (AMTD +1.6%)
- BB&T (BBT +2.1%)
- Citigroup (C +2.4%)
- Citizens Financial (CFG +2%)
- Comerica (CMA +1.5%)
- CNA Financial (CNA +0.6%)
- Loews Corp. (L +0.9%)
- Marsh & McLennan (MMC +1.9%)
- PNC Financial (PNC +2.6%)
- Royal Bank of Canada (RY +0.7%)
- U.S. Bancorp (USB +1.9%)
- Aetna (AET +1.5%)
- Best Buy (BBY +10.4%)
- CBS (CBS +0.6%)
- Celanese (CE +0.1%)
- Comcast (CMCSA +1.5%)
- Dell Technologies (DVMT +1.1%)
- The Gap (GPS +0.4%)
- Humana (HUM +1.4%)
- KLA-Tencor (KLAC +2.7%)
- Liberty Media (LMCA +1.6%)
- Lam Research (LRCX +1.9%)
- Micron (MU +5.3%)
- Nvidia (NVDA +2.7%)
- Rockwell (ROK -0.5%)
- Teck Resources (TCK +0.5%)
- Texas Instruments (TXN +1.1%)
- New lows:
- Novo Nordisk (NVO +0.3%)
Wed, Nov. 16, 6:44 PM
- Meet the new bundles; same as the old bundles? A report from Digitalsmiths (now a research arm of TiVo) says that in an a la carte scenario for picking TV channels, the most desirable would be ABC, CBS and NBC in that order.
- Of 78% of respondents who would go for a TV package where they chose their own channels, 70.7% chose ABC (DIS +1.5%); 70.1% went for CBS (CBS +0.3%); and 65.5% for NBC (CMCSA +0.7%). Those were followed by Discovery Channel (DISCA -0.6%; 62.1%) and History Channel (A&E, 59.7%). Only 56% would go for Fox (FOX +0.3%, FOXA +0.3%).
- Respondents were unsurprisingly stingy with what they might pay for buffet-style TV, though: an average of about $1.50 for most of the channels in the top 10 (with PBS leading those, at $1.74). In sum, a combination of the top 10 channels in the survey would be worth $15.30 to viewers -- well under what they would charge as solo over-the-top operations.
Wed, Nov. 16, 3:33 AM
- Possible sticking points have emerged ahead of negotiations between CBS and Viacom (VIA, VIAB) about a potential merger, including who will be on the board of the combined company and what it would be called, sources told Reuters.
- Many investors and observers believe a deal could be announced by the end of the year and that CBS Chief Executive Leslie Moonves will run the merged entity.
Thu, Nov. 10, 7:23 PM
- Speaking to the DealBook Conference, Shari Redstone -- currently part of the ownership urging CBS (CBS -0.5%) and Viacom (VIA +0.4%, VIAB +0.1%) to look into a merger -- says she never supported the two companies' splitting up in the first place.
- A decade ago, Sumner Redstone (who controls CBS and Viacom through family holding company National Amusements) decided to divide the two into separate companies, and while CBS has thrived, Viacom has wrestled with falling ratings and declining ad sales.
- "I was never a great proponent of the split of the two companies," Shari said, adding that Viacom's fate could have turned out better with different leadership (i.e., not now-ousted chief Philippe Dauman).
- While she and Sumner are supporting a merger, the companies "can stand on their own and be great," she said.
Mon, Nov. 7, 2:09 PM
- Time to bring in the help: CBS (CBS +0.9%) has hired Moelis and Goldman Sachs (GS +2.8%) to advise it on a potential re-merger with Viacom (VIA +2%, VIAB +1.9%), The Wall Street Journal reports.
- The companies, which originally merged in 2000 and split again at the beginning of 2006, had created special committees to look at the idea of getting back together as National Amusements -- the holding company for Sumner Redstone that owns voting control of both -- urged the two to examine a deal.
- Wachtell, Lipton, Rosen & Katz, which has been longtime outside counsel for CBS, is also advising on a potential deal.
- Previously: Report: Viacom-CBS could have merger deal by Thanksgiving (Oct. 20 2016)
- Previously: Bloomberg: CBS nears hiring of Goldman, JPMorgan on possible Viacom deal (Oct. 14 2016)
Thu, Nov. 3, 4:17 PM
- CBS (CBS +0.6%) is up another 2.3% after hours following a beat on top and bottom lines, in a season marked as much by speculation about a Viacom re-merger than its continuing strong results.
- The company showed growth in profits and revenues across all segments. Revenues were up 4% overall, to $3.4B, as retransmission fees from affiliates grew 32%. Content licensing and distribution revenues were up 6%.
- Adjusted EPS grew 19% to $1.05, easily beating an expected $0.98.
- Revenues by segment: Entertainment, $1.95B (up 0.9%); Cable Networks, $598M (up 13.7%); Publishing, $226M (up 11.3%); Local Media, $409M (up 8.8%); Radio, $319M (up 0.3%). In preparing for the spin-off of CBS Radio, segments have been reclassified; Local Broadcasting has become two segments, Local Media and Radio.
- Revenues by type: Advertising, $1.47B (down 0.8%); Content licensing and distribution, $1.11B (up 5.9%); Affiliate and subscription fees, $753M (up 13.4%).
- Conference call to come at 4:30 p.m. ET.
- Press release
Thu, Nov. 3, 4:11 PM
Wed, Nov. 2, 5:35 PM
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