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CBS Corp. to Acquire Clicker

Zacks Equity Research, on Monday March 7, 2011, 8:30 am EST

according to associated Press, CBS Corporation (NYSE: CBS – News), one of the largest media conglomerate, recently announced that it has agreed to acquire Clicker.com, the provider of online guide for TV shows. However, the financial terms of the deal were not disclosed.

The buyout also marks the departure of Neil Ashe, president of CBS Interactive since the company gained CNET Networks inc. Jim Lanzone, CEO of Clicker Media inc., has been named as his successor.

The deal will bring Clicker’s expertise in web exploration, inundated ads and individualization for CBS Interactive properties and will boost the performance of its business segments. Further, it will also position CBS Corporation to emerge as the largest provider of cable TV guide as in this era of technological inventiveness it is likely that people will have Internet linked small screens in their homes.

Los Angeles-based Clicker.com is a well-known application on Google TV online video platform and generates around 2.5 million clients per month with an online directory of more than 1 million TV shows. 

CBS Corporation posted strong fourth-quarter 2010 results helped by continued effective operating and cost-containment efforts. The company made a positive comeback in each quarter in 2010 outshining its performances in the corresponding prior-year quarters. It also pointed that the advertising marketplace has remained strong both locally and nationally.

CBS Corporation is witnessing improving trends in the advertising marketplace due to renewed strength in the auto and financial services categories, rise in traffic at CBS Interactive sites and subscriber growth across Cable Networks. Management remains confident about the growth momentum continuing in fiscal 2011.

However, due to its exposure to publishing, radio and television broadcasting, and outdoor billboard businesses, CBS Corporation remains highly vulnerable to the advertising market. to mitigate this, the company is striving to add diverse revenue streams to hedge against economic cycles.

Further, the media industry remains highly competitive, and CBS Corporation faces intense competition from other broadcast radio and television stations; cable television networks; motion picture studios; and from outdoor advertisers in the market it operates. one of the company’s competitors is News Corp (NasdaqGS: NWS – News). Strong competition may weigh upon CBS Corporation’s future results.

Currently, we have a long-term ‘Neutral’ rating on CBS Corporation, backed by a Zacks #3 Rank, which translates into a short-term ‘Hold’ rating.

CBS CORP NEW (CBS): Read the Full Research Report

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CBS Corp. to Acquire Clicker


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    Be the first to comment - What do you think?  Posted by admin - March 11, 2011 at 7:00 pm

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    Time Warner Cable Launches ESPN 3D in the Carolinas

    Charlotte - Time Warner Cable (NYSE: TWC) today launched ESPN 3D in most of its markets, including Charlotte. Located on channel 1505, ESPN 3D is a new network that will bring sporting events into living rooms across the country with the ESPN authority and personality that fans have grown to trust and love. ESPN 3D is available to digital subscribers who purchase the Time Warner Cable 3D Pass at a monthly subscription rate of $10.00.

    This launch is part of a larger long-term agreement reached between the two companies earlier this fall which included a variety of video and digital services. Subscribers will be able to watch top sports events in 3D from the industry’s first 3D network. Some of the programming highlights will include X Games; select NCAA College Football games; Winter X Games; the BCS Championship Game; select NBA games and select NCAA College Basketball games.

    “For sports fans, the 3D viewing experience is the next best thing after being at a live sporting event,” stated Mike Smith, area vice president, Time Warner Cable Charlotte. “We are excited to bring to our 3D customers the best of sports from ESPN 3D.”

    Subscribers can enjoy the following scheduled events in the next two months (all times EST):
    Thursday, Nov. 25 12 Noon, 2:30 p.m.,7:00 p.m. and 9:30 p.m. old Spice Classic
    Friday, Nov. 26 12 Noon, 2:30 p.m., 5:00 p.m. and 7:30 p.m. old Spice Classic
    Sunday, Nov. 28 11:00 a.m., 1:30 p.m., 4:30 p.m., and 7:00 p.m. old Spice Classic
    Sunday, Dec.5 7:30 p.m. Harlem Globetrotters
    Tuesday, Dec. 7 7:00 p.m. and 9:30 p.m. Jimmy V Classic
    Saturday, Dec. 11 12:30 p.m. and 3:15 p.m. SEC/Big East Challenge
    Friday, Dec. 17 7:00 p.m. Miami Heat at new York Knicks
    Saturday, Jan. 1 8:30 p.m. Tostitos Fiesta Bowl
    Monday, Jan. 10 8:30 p.m. BCS National Championship Game
    Friday, Jan. 14 10:30 p.m. Portland Trail Blazers at Phoenix Suns

    In order to experience 3D viewing, viewers need a 3D TV with matching 3D glasses and a compatible Time Warner Cable HD or HD/DVR set-top box connected to their TV with an HDMI cable. for more information, or to sign up, customers can call 1-800-TWCABLE.

    <a href="http://lincolntribune.com/?p=1521tag:news.google.com,2005:cluster=http://lincolntribune.com/?p=1521Sat, 27 Nov 2010 04:15:14 GMT 00:00″>Time Warner Cable Launches ESPN 3D in the Carolinas


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    Be the first to comment - What do you think?  Posted by - November 27, 2010 at 11:00 am

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    EURO GOVT-Bunds rally as periphery battered again

    Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.

    NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. for a complete list of exchanges and delays, please click here.

    <a href="http://www.reuters.com/article/idUSLDE68N0NO20100924tag:news.google.com,2005:cluster=http://www.reuters.com/article/idUSLDE68N0NO20100924Fri, 24 Sep 2010 11:01:55 GMT 00:00″>EURO GOVT-Bunds rally as periphery battered again


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    Be the first to comment - What do you think?  Posted by - September 24, 2010 at 12:00 pm

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    Philips sells NXP stake to underfunded UK pension

    Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.

    NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. for a complete list of exchanges and delays, please click here.

    <a href="http://www.reuters.com/article/idUSLNE68601G20100907tag:news.google.com,2005:cluster=http://www.reuters.com/article/idUSLNE68601G20100907Tue, 07 Sep 2010 11:01:50 GMT 00:00″>Philips sells NXP stake to underfunded UK pension


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    Be the first to comment - What do you think?  Posted by - September 7, 2010 at 10:01 am

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    N.Y. Stock Exchange is going global

    The exchange’s parent company is nearing completion of a $14-billion deal to buy Euronext, an Amsterdam-based company that runs securities markets in five European capitals.

    The combination would create the first transatlantic stock market and could become the model for future mergers with stock markets in Asia and around the planet — a reflection of the seismic forces that are reshaping financial markets.

    “It’s evolving into a one-world market,” said John Steele Gordon, an author and stock market historian. “There’s not going to be a U.S., a British or a Japanese market. It’s just going to be ‘the market.’ “

    An overriding goal of the merger is to make it easier — and potentially cheaper — for investors to buy and sell stocks and other securities on the NYSE and on Euronext’s markets in Belgium, Britain, France, the Netherlands and Portugal.

    The exchanges plan to have a single electronic stock-trading platform within three years. the details have not yet been worked out, and regulatory and logistical hurdles could arise. but market watchers say the single platform is the inevitable next step for a financial world transformed by the spread of capitalism and the rise of instantaneous electronic trading.

    For small investors, the change could reduce trading costs and, eventually, allow easy buying and selling of stocks around the globe. although many large foreign companies now trade on the NYSE through securities known as American depositary receipts, many others — such as cosmetics maker L’Oreal and fashion designer Christian Dior — are either thinly traded in the U.S. over-the-counter market or not available at all.

    The merger comes at a time when Americans have a voracious appetite for foreign stocks, with many overseas markets posting far better gains than the U.S. market in recent years.

    In the first 10 months of 2006, U.S. investors pumped a net $124 billion of fresh cash into foreign-stock mutual funds, nearly 10 times the $13 billion they stowed in domestic funds.

    N.Y. Stock Exchange is going global


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    Be the first to comment - What do you think?  Posted by - June 7, 2010 at 4:00 am

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    Northrop Grumman Launches Next Generation of Wheelbarrow Bomb …

    Northrop Grumman to Provide Air Traffic Management Systems for Doha International Airport, Qatar

    November 15th, 2009 LONDON, November 16 – Northrop Grumman Corporation (NYSE: NOC) announced that its Europe-based subsidiary, Northrop Grumman Park Air Systems, has been awarded a multi-million dollar contract by SELEX Systemi Integrati of Italy for the provision of an integrated air traffic management (ATM) systems package for the New Doha International Airport in Qatar. “The integrated ATM package that we will be providing will helpfacilitate the handling of the heavy volume of flights that this newinternational airport will face in the years ahead,” said Eldar Hauge,managing director for Northrop Grumman Park Air Systems in Norway.

    Northrop Grumman to Supply Attitude and Heading Reference Systems for the NEURON European Unmanned Combat Aerial Vehicle Demonstrator Project

    November 8th, 2009 FREIBURG, Germany – Northrop Grumman Corporation (NYSE: NOC) has been awarded a contract by Saab Aerosystems to deliver Attitude and Heading Reference Systems (AHRS) for the NEURON European unmanned combat aerial vehicle (UCAV) demonstrator. the LCR-100 AHRS units will be built by the company’s German navigation systems subsidiary, Northrop Grumman LITEF.

    Northrop Grumman to Provide Air Traffic Control Communications Upgrades for Gimpo International Airport, South Korea

    October 15th, 2009 LONDON – Northrop Grumman Corporation (NYSE: NOC) announced that its Europe-based air traffic management systems subsidiary, Northrop Grumman Park Air Systems, has been awarded a contract to supply and install fourteen VHF and four UHF ground-to-air radio communication systems and a 20-position voice communication control system (VCCS) for Gimpo International Airport, Seoul, South Korea. the award was made following an international competitive tender process.

    Northrop Grumman Opens New Facilities for Design and Manufacture of Unmanned Ground Vehicles in Coventry, UK

    October 12th, 2009 LONDON – Northrop Grumman Corporation (NYSE: NOC) yesterday officially opened its newly extended UK facilities for the design, manufacture and technical support of the company’s unmanned ground vehicles. Photos accompanying this release are available at: media.globenewswire.com/noc/The enhanced facilities located at Northrop Grumman’s Remotec site in Coventry, UK will support the full range of unmanned ground vehicles including Wheelbarrow and CUTLASS, the next generation vehicle being developed for the Ministry of Defence (MoD).

    Northrop Grumman Showcases Integrated Security system Capabilities at DSEI Exhibition and Conference, London

    September 6th, 2009 LONDON – Northrop Grumman Corporation (NYSE: NOC) will highlight the strengths of its integrated global security capabilities at the Defence Systems & Equipment International (DSEI) exhibition and conference including command and control systems, critical infrastructure protection, unmanned ground systems, air space communications, electronic warfare, naval systems and maritime security. DSEI, a tri-service event with a focus on land and sea, is one of the most important defence and security exhibitions in the UK.

    Northrop Grumman Highlights Unmanned Systems Capabilities at UV Europe 2009

    July 19th, 2009 LONDON – Northrop Grumman Corporation (NYSE: NOC) will be participating in the UV Europe conference and exhibition where it will highlight its industry leading capabilities in unmanned aircraft systems and unmanned ground systems, and their effectiveness in combating piracy and irregular warfare. Northrop Grumman has a 60-year history of providing more than 100,000 unmanned aircraft systems to military customers in the US and around the world.

    U.S. Army Selects Northrop Grumman, Cobham Team to Provide VIS-X Vehicular Intercom Systems

    June 28th, 2009 BALTIMORE – Northrop Grumman Cobham Intercoms LLC (NGCI LLC), a company formed by Northrop Grumman Corporation (NYSE: NOC) and Cobham (LSE: COB), has been selected to provide the VIS-X Vehicular Intercommunication system Expanded for the U.S. Army’s Communications and Electronics Command (CECOM).

    Joint Statement from Ronald D. Sugar, Chairman and CEO of Northrop Grumman and Louis Gallois, CEO of EADS

    June 15th, 2009 PARIS – Ronald D. Sugar, chairman and CEO of Northrop Grumman and Louis Gallois, CEO of EADS issued a joint statement today.

    Northrop Grumman to Supply Land Navigation Systems for Republic of Korea’s New Infantry Fighting Vehicle

    March 22nd, 2009 FREIBURG, Germany – Northrop Grumman Corporation (NYSE: NOC) has announced that it has beenawarded a contract by Korean military systems and vehicle manufacturer DoosanDST Co., ltd. to deliver inertial navigation units for the Republic ofKorea’s new K21 infantry fighting vehicle (IFV).

    Northrop Grumman Park Air Systems to Supply Air Traffic Control system for Jersey International Airport, U.K.

    March 12th, 2009 LONDON – Northrop Grumman Corporation (NYSE: NOC) announced its Europe-based airtraffic management system subsidiary, Northrop Grumman Park Air Systems, hasbeen awarded a contract by NATS Services ltd. to supply, deliver and installits NOVA 9000 Radar Processing and Flight planning system, with fullyintegrated electronic flight strips, to the new air traffic control (ATC)tower at Jersey International Airport.

    Northrop Grumman Launches Next Generation of Wheelbarrow Bomb …


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    Be the first to comment - What do you think?  Posted by - at 1:00 am

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