Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  CBS Corporation    CBS

Delayed Quote. Delayed  - 12/02 10:01:38 pm
60.18 USD   -0.64%
12/01 CBS : Nfl comes to cbs all access
11/30DJCBS : Grant Tinker, Former NBC Chairman, Is Dead at 90
11/22 DAILY DIVIDEND : Bdx, hrl, rop, cbs, brcd, tds, chs
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

CBS CEO: Considering Higher Dividend; No Plan On Apple TV

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/27/2012 | 12:06am CET
   By William Launder 
   Of  
 

NEW YORK (DOW JONES)--CBS Corp. (>> CBS Corporation) will consider raising its shareholder dividend as its business benefits from a better advertising market and new revenue sources such as digital partnerships and retransmission fees, Chief Executive Les Moonves told CNBC Monday.

"We have plenty of cash, and our balance sheet is as good as it's been," Moonves said. "We have plenty of options." He added that the price of the company's stock, which closed 1.8% higher Monday at $32.42, means repurchasing shares is still a "good value."

CBS repurchased around $170 million of its own shares in the fourth quarter and $1.02 billion for the full year.

Last year, CBS raised its quarterly dividend to 10 cents a share, up from 5 cents a share it began paying shareholders in 2009.

Media companies such as CBS have faced pressure to boost their dividends as the advertising market improves and they carve out new sources of revenue at home and abroad. In addition, many media companies are offering what is considered a low dividend yield. In the case of CBS, it is 1.2%.

Moonves reiterated that the 2012 presidential election should result in strong advertising revenue for the company's local networks, and further pointed to strong demand from advertisers including the automobile, pharmaceuticals and film-entertainment industries.

CBS is historically more dependent on advertising than other media companies, relying on it for roughly two-thirds of its revenue. In recent quarters, CBS has sought to diversify its business by focusing on increasing the money it gets from cable and satellite distributors, as well as on new online-subscription pacts with companies such as Netflix Inc. (NFLX) and Amazon.com Inc. (>> Amazon.com, Inc.).

Moonves said CBS welcomed deals to expand its content digitally, as long as CBS maintains ownership of its prized content assets. "The idea is to put your content online in a way that enhances it, but doesn't cannibalize it," Moonves said. "Our content is the family jewels."

To that end, Moonves said CBS was undecided about forming a partnership with Apple Inc. (APPL) involving its Apple TV, after Moonves previously declined a proposal from Apple's late CEO Steve Jobs to syndicate CBS shows on the new service.

-By William Launder, Dow Jones Newswires; 212-416-3412; william.launder@dowjones.com

Stocks mentioned in the article : Amazon.com, Inc., CBS Corporation
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CBS CORPORATION
12/01 CBS : Nfl comes to cbs all access
11/30DJCBS : Grant Tinker, Former NBC Chairman, Is Dead at 90
11/22 DAILY DIVIDEND REPORT : Bdx, hrl, rop, cbs, brcd, tds, chs
11/22DJCBS : Trump Calls for List of Day-One Executive Actions
11/21DJDonald Trump Criticizes Television News Executives
11/21DJRomney Is Under 'Active Consideration' to Be Secretary of State
11/16 CBS : STUDIOS INTERNATIONAL ANNOUNCES FIRST-WINDOW LICENSING RIGHTS FOR “B..
11/15DJViacom to Buy Argentina's Telefe for $345 million
11/15DJViacom to Buy Argentina's Telefe for $345 Million
11/14DJSUMNER REDSTONE : Redstone Family's Next Generation Takes On Bigger Roles
More news
Sector news : Broadcasting - NEC
12/02 Trump creates business advisory council stacked with CEOs
11/30 Sky seeks to shake up UK mobile market with flexible data plans
11/29DJSKY : Pre-Registers 46,000 Customers for Mobile Service
11/29 MERLIN ENTERTAINMENTS : forecasts profit growth this year
11/24DJWALT DISNEY : ESPN Subscriber Numbers Decline Again
More sector news : Broadcasting - NEC
News from SeekingAlpha
12/02 Is There Any Pricing Power In Streaming?
12/02 WALL STREET BREAKFAST : Non-Farm Payrolls In Focus
12/01 CBS All Access to stream NFL coverage
11/30 Who Wins In A La Carte TV, Besides Netflix? Who Loses, Besides Disney?
11/30 CBS and streaming services
Advertisement
Financials ($)
Sales 2016 14 556 M
EBIT 2016 3 173 M
Net income 2016 1 855 M
Debt 2016 9 546 M
Yield 2016 1,09%
P/E ratio 2016 14,54
P/E ratio 2017 13,63
EV / Sales 2016 2,59x
EV / Sales 2017 2,60x
Capitalization 28 194 M
More Financials
Chart CBS CORPORATION
Duration : Period :
CBS Corporation Technical Analysis Chart | CBS | US1248572026 | 4-Traders
Full-screen chart
Technical analysis trends CBS CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 36
Average target price 64,8 $
Spread / Average Target 7,7%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Leslie Moonves Chairman & Chief Executive Officer
Joseph R. Ianniello Chief Operating Officer
Douglas Rousso Chief Technology Officer
Sumner Murray Redstone Chairman-Emeritus
Shari E. Redstone Vice Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CBS CORPORATION28.84%28 194
COMCAST CORPORATION23.18%164 579
WALT DISNEY CO-5.84%156 759
SKY PLC-30.98%16 791
LIBERTY MEDIA GROUP0.00%14 986
GRUPO TELEVISA SAB-9.87%11 590
More Results