by Weiran
Photo Courtesy of CBS Corporation [2]
CBS Headquarters,
51 W. 52nd Street,
New York, NY10019-6188
1-212-975-4321
http://www.cbscorporation.com/
Overview:
Originally founded as Viacom in 1970, The Columbia Broadcast System (CBS) Corporation separated from Viacom and became an independent new firm in 2006. It started trading on the New York Stock Exchange (NYSE) in January 13, 2006. CBS focuses on every field of media and entertainment, including cable, publishing, radio, local TV, film, outdoors advertising, and interactive and socially responsible media. It owns the most-watched television network in the U.S. and one of the world’s largest libraries of entertainment content.
Key Executives:
Sumner M. Redstone, Executive Chairman
Photo Courtesy of CBS Corporation [2]
Photo Courtesy of CBS Corporation [2]
Photo Courtesy of CBS Corporation [2]
Photo Courtesy of CBS Corporation [2]
Photo Courtesy of CBS Corporation [2]
Photo Courtesy of CBS.com [12]
Judge Judith Sheindlin hosts the courtroom presence on the TV show Judge Judy, Photo Courtesy of CBS Corporation [2]
As a big unit of CBS Corporation, CTD handles the domestic television distribution of CBS News, CBS Films and Showtime.
Photo Courtesy of CBS Corporation [2]
The stock price of CBS Corporation (NYSE: CBS.A and CBS) has been going up since the beginning of this year. It has been on the top watch-list and top stocks for three month. CBS.A and CBS has become the most active NYSE stocks and surged up 2.51% to $44.88 on a traded volume of 10.59 million shares. [5] Shares of CBS Corporation closed at $44.98, up $0.29 (+0.65%) in the first trading session this year. [6]
The stock moved ahead 0.04% and closed the trading activity at $45.92. The day range of the stock was $45.44 – $46.00. The yearly trend of the stock remained positive +52.25%. [7]
CBS has seen an increase in hedge fund sentiment recently. Greenlight Capital holds the largest position in CBS Corporation (NYSE:CBS). The second is Highfields Capital Management, which held a $156 million position. Highfields Capital Management established the most valuable position in CBS Corporation (NYSE:CBS) and invested over 150 million into CBS Corporation at the end of the quarter this year.
CBS Corporation has reported regarding its intention to publish results for the Q1 f 2013 after the New York market closes on 1st May, 2013. At the same day, CBS Corporation will also report results for the first quarter of 2013 after the market closes. The Company will then conduct a teleconference call at 4:30 PM, ET. [8]
In the News:
In March 13th, 2013, CBS Studios International and Japan’s Avex Entertainment Inc. announced the expansion of their multi-year licensing agreement to include CBS programming on SoftBank Mobile’s subscription video-on-demand service, UULA. The UULA service will include the content from CBS’s extensive television library, including early seasons of current hits such as NCIS, NCIS: Los Angeles and 90210 and full seasons of classic series such as Star Trek, Star Trek: Enterprise, Medium and The 4400. [9]
The expansion of CBS Corporation is not only international. In March 14th, it announced the launch of the new CBS App for iPhone and iPad users, offering full-episode streaming of CBS programming from primetime, daytime and late night. The new app further extends the approach of the shows’ audience, providing more flexibility and opportunity for catch-up viewing and opens yet another monetization window for the Company’s industry-leading content. [10]
In March 26th, 2013, CBS Corporation (NYSE: CBS.A and CBS) and Lionsgate (NYSE: LGF) announced that the companies have entered into a 50/50 partnership. Under the deal, CBS will acquire a 50% stake in entertainment cable network TVGN and TVGuide.com. The basic cable network will still be entertainment focused. CBS is using content brands to gain access to a highly distributed basic cable network from Lionsgate. The venture combine CBS’s programming, production and marketing assets with Lionsgate’s resources in motion pictures, television and digitally delivered content. [4]
In March 27, CBS Corporation has announced that it will be renewing 18 prime-time shows, including 4 comedies and 8 dramas. Only one of the network’s newcomers will have a new lease, Elementary. [11] Another remarkable information from this announcement is that CBS has not included one hit drama series, Criminal Minds. However, there is a possibility that it is delayed by ongoing re-negotiations of contracts for the cast.
Elementary stars Jonny Lee Miller and Lucy Liu. Photo: Craig Blankenhorn
Sources:
[1] About Us | Diversity. CBS Corporation | Home.
http://diversity.cbscorporation.com/page.php?id=3
[2] CBS Corporation | Home. (n.d.). CBS Corporation | Home.
http://www.cbscorporation.com/index.php
[3] About Us | Official Site of the CW Network | CW Television Shows | CW TV
http://www.cwtv.com/thecw/about-the-cw/
[4] CBS Corporation : CBS AND LIONSGATE ENTER 50/50 PARTNERSHIP ON HIGHLY DISTRIBUTED ENTERTAINMENT CABLE NETWORK| 4-Traders| Stock Market Quotes and News
[5] Most Active NYSE Stocks: Merck & Co, CBS Corporation, Advanced Micro Devices, American International Group Inc. Mar 5, 2013| Press Releases| SBWire
[6] CBS Corporation (CBS) – Trading Recap| Avafin
http://www.avafin.com/articles/1021711.html
[7] Broadcasting – TV Big Giants: Entravision Communication (NYSE:EVC), CBS Corporation (NYSE:CBS)| NetPRNews
[8] CBS Corporation: Results and News Corp Annoucement: (NYSE:CBS), (NSDAQ:NWSA)| CBS Corporation| NYSE| Shares| 4-Traders Homepage
[9] CBS Corporation : CBS STUDIOS INTERNATIONAL AND AVEX ENTERTAINMENT INC. EXPAND ON DEMAND MOBILE VIDEO DEAL TO SOFTBANK MOBILE’S UULA SERVICE| CBS Corporation| NYSE| Shares| 4-Traders Homepage
[10] CBS Corporation: CBS Launches Full-Episode Streaming App For iPad and iPhone| CBS Corporation| NYSE| Shares| 4-Traders Homepage
[11] CBS Corporation (NYSE:CBS) Renews 18 Prime Time TV Shows| Market News Call Home
http://www.marketnewscall.com/cbs-corporation-nysecbs-renews-18-prime-time-tv-shows/12924/