Business Services Industry
An independent CBS promises good show; Company's focus on television clears way for steady growth.(In the Markets)
Crain's New York Business, May, 2006 by Elstein, Aaron
Byline: Aaron Elstein Six months after it parted ways with parent Viacom, CBS Corp. is looking more like its old self. And that is good news for investors in what was once hailed as the Tiffany Network, a company whose news and entertainment programming set the standard for television excellence.
True, television is hardly the gold mine that it was in CBS's heyday, but it's hardly the toxic waste dump that some investors seem to think it has become. Simply put, CBS is cheap. The stock, which closed Friday at $26.20, sells at a mere 14 times this year's expected per share earnings, versus 21 for radio giant Clear Channel Communications and 19 for News Corp. Factor in plans by Chief Executive Leslie Moonves to focus the business more on television and shed some...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
