CBS said it saw a 6.2 percent rise in quarterly revenue driven by higher revenue from content licensing and distribution.» Read More
NEW YORK _ CBS Corp. on Thursday reported fourth-quarter net income of $261 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share. CBS shares have declined almost 8 percent since the beginning of the year, while the Standard& Poor's 500 index has declined 11 percent.
U.S. stock index futures indicated a sharply lower open on Thursday.
U.S. stock futures were tanking this morning, extending Wednesday's late-session sell-off.
NEW YORK— In a television competition between notorious criminals, O.J. Simpson topped Bernard Madoff. ABC's two-part movie on Madoff, which starred Richard Dreyfuss as the swindler, had more viewers watching when it originally aired than the Simpson premiere, but far fewer who caught it later. Typically the year's most-watched event, the Super Bowl had just...
2. " Super Bowl Post- Game", CBS, 101.93 million. 3. " Super Bowl Post- Game", CBS, 70.01 million. 4. "The Big Bang Theory," CBS, 15.29 million.
Walt Disney beat earnings expectations, bolstered by "Star Wars," but operating income in its key cable networks unit fell.
U.S. stock futures were sharply lower, following oil prices this morning, in a continuation of Friday's selloff and a turbulent week.
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq stock market:. The Allstate Corp., up $2.41 to $62.05. Yum Brands Inc., down 14 cents to $72.31.
Viacom is facing big questions about whether its board made the right decision about its leadership as 92-year-old Sumner Redstone steps down as chairman.
Viacom's path forward is uncertain as Sumner Redstone steps down as executive chairman, company watchers said Thursday.
The studio behind the "Hunger Games" franchise has a 2.31 percent stake in class A shares of Starz.
CNBC's Julia Boorstin takes a look at what Sumner Redstone's departure means for CBS and Viacom.
Some of the names on the move ahead of the open.
U.S. stock futures were steady this morning, after a solid rally Wednesday. But Wall Street was still lower for the week, with the Dow, S&P 500, and Nasdaq struck in correction territory.
Anthony DiClemente, Nomura senior analyst discusses leadership changes at CBS and Viacom on the heels of Sumner Redstone's resignation, and its likely impact on either company.
It's the end of an era as media mogul Sumner Redstone steps down at CBC and CEO Les Moonves takes the reigns, reports CNBC's Landon Dowdy.
Viacom and CBS shares jumped on leadership changes, and some "Fast Money" traders believe the stocks could climb even more.
Check out the companies making headlines after the bell Wednesday: GoPro, Yum Brands, CBS and more.
The "Fast Money" traders give you 5 trades in the media sector following Sumner Redstone's departure from Viacom.
Pivotal Research Group's Brian Wieser explains why Sumner Redstone's resignation means less for CBS.