ADVFN - Advanced Financial Network.
HOME» NYSE » C » CBS Stock Price » CBS Stock News

Cbs Share News

 Cbs Corp Stock Price
CBS Stock Price
 Cbs Corp Stock Chart
CBS Stock Chart
 Cbs Corp Stock News
CBS Stock News
 Cbs Corp Company Information
CBS Company Information
 Cbs Corp Stock Trades
CBS Stock Trades

CORRECT: CBS Unit To Buy Independent WLNY-TV, Expanding Presence In NY

("CBS Unit To Buy Independent WLNY-TV, Expanding Presence In NY," published at 1:36 p.m. EST, incorrectly stated that Ellen is a CBS syndicated show. The correct version follows:) DOW JONES NEWSWIRES CBS Television Stations, a division of CBS Corp. (CBS, CBSA), agreed to purchase independent New York television station WLNY-TV from WLNY Holdings Inc., giving CBS control of two TV stations in the New York City area. The CBS Television Stations group currently consists of 28 stations, including 16 that are part of the CBS Television Network, eight affiliates of the CW Network, two independent stations and two MyNetworkTV affiliates. It owns WCBS-TV (CBS 2) in New York, as well as New York's WCBS Newsradio 880 and CBSNewYork.com. WLNY-TV is widely distributed by cable, satellite and other subscription television service providers in the New York-New Jersey-Connecticut area. The station appears as either Channel 10 or Channel 55 on most channel lineups. It already syndicates many CBS shows, including Jeopardy! and Inside Edition. The terms of the deal weren't disclosed and no timeline for closing was mentioned. "The combined strengths of CBS 2 and WLNY-TV will give us a terrific platform for serving the entire New York area," said Peter Dunn, president of CBS Television Stations. "Our plans for the station include adding people and resources to fuel a significant expansion of local news programming well beyond the nightly half-hour that currently airs." Results have improved for CBS, a broadcasting and outdoor-ad company, over the past year as advertising rates are rebounding and the company's namesake broadcast network benefits from robust ratings. In March, CBS said it agreed to acquire Clicker Media Inc.--an Internet guide of legal broadcast programming content that can be found online--and named its co-founder as the head of the broadcasting company's interactive division. The company said last month that its third-quarter profit rose as deals for its existing content drove revenue higher amid essentially flat advertising sales. Shares were trading down 3.3% at $25.75 amid a broad market decline. The stock is up 35% year to date. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stock News for Cbs (CBS)
DateTimeHeadline
04/22/201515:00:00The 42nd Annual Daytime Emmy® Awards Line-up Continues: Tom...
04/19/201516:39:32Foreign Companies at Risk From Proposed Chinese Law
04/16/201515:00:00Regis Philbin, Steve Harvey, Marie Osmond, Craig Ferguson, Deidre...
04/13/201521:15:17Amazon, HarperCollins Reach Multiyear Publishing Deal -- Update
04/13/201514:17:00Andre J. Fernandez Named President of CBS RADIO
04/12/201512:42:06CBS News Names John Dickerson as Next Anchor of 'Face the Nation'
04/12/201512:00:03Disney to Apple: Disrupting TV Won't Be Easy
04/10/201519:47:27Media CEO pay jumps despite challenging, competitive year
04/10/201518:45:09CBS CEO Leslie Moonves Paid $57.2 Million in 2014
04/09/201521:08:15Wolff: Get ready for 'M&A mania' with media consolidation
04/09/201513:35:33Chevron CEO Watson Paid $26 Million in 2014
04/09/201512:19:06CBS expands live streaming to 55% of households with affiliate...
04/09/201511:15:00It’s Gonna Be Fierce… Emmy® Award-Winning Talk Show Host, Crea...
04/09/201511:05:00From the Co-Producers of “American Idol” & John Legend’s Get L...
04/09/201511:00:00Pop Announces Original Programming and Development Slate for...
04/08/201522:21:50Face the Nation' Host Bob Schieffer Retiring from CBS This Summer
04/08/201511:10:09Oyster Launches E-Bookstore With A La Carte Service
04/08/201510:20:06Oyster Launches E-Bookstore With A La Carte Service
04/08/201508:29:52Oyster to Unveil E-Bookstore With A La Carte Service
04/02/201515:20:02By Adding HBO Now, DISH Network's Sling TV Is the Future of Cord-Cutting

Cbs and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad