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
01/29/201522:01:14On Air in the Land of Cotton
01/29/201517:53:47Viacom's Nickelodeon to Launch Video Service --2nd Update
01/29/201512:39:43Viacom's Nickelodeon to Launch Video Service -- Update
01/29/201510:43:13Viacom's Revenue Rises but Disappoints -- Update
01/21/201514:26:16NFL Says Investigation Into Deflated Footballs Ongoing
01/17/201512:30:34CBS Suspends Analyst Greg Anthony Following Arrest
01/11/201513:08:18Holder Says U.S., Allies Probing Terror Group Links to Paris...
01/09/201516:43:06CBS's Crime-Drama Dilemma: Declining Ratings
01/05/201515:40:11Dish Network Unveils Web Video Service Sling TV
01/05/201515:31:28Dish Network Unveils Web Video Service Sling TV--Update
12/26/201414:30:46Bankruptcy Judge Says Aereo Can Auction Web TV Technology
12/03/201423:40:20Disney Boosts Dividend Following Strong Results
11/21/201413:58:34Appeals Court Grants TV Programmers Stay in FCC Dispute -- Update
11/21/201413:21:14TV-Streaming Firm Aereo Files for Bankruptcy -- 2nd Update
11/21/201413:10:09Federal Appeals Court Grants TV Programmers Stay in FCC Dispute
11/21/201408:46:13TV-Streaming Firm Aereo Files for Bankruptcy
11/20/201415:42:18CBS News Chief to Step Down, Return to '60 Minutes'
11/02/201404:46:43MARKET SNAPSHOT: Media, Consumer-based Company Earnings To Test...
10/20/201421:20:30Amazon, Simon & Schuster Reach Book Contract
10/20/201409:49:31U.S. Hot Stocks: Hot Stocks to Watch

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