Clear Channel Outdoor CONSIDERS CBS Purchase and 3 More Media Titans Making Waves
CBS Corporation (NYSE:CBS): In an interview yesterday, Clear Channel Outdoor (NYSE:CCO) CEO William Eccleshare stated that the company will consider purchasing CBS’s (NYSE:CBS) billboard division, Bloomberg reports. Previously, the Wall Street Journal reported that CBS is asking for $6B in exchange for its outdoor advertising unit. The shares traded up $0.44 (1.39%) recently at $32.065.
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Dish Network Corp. (NASDAQ:DISH): Following conversation with investors, Citigroup has become aware that investors expect DISH to sell to either DirecTV (NASDAQ:DTV) or AT&T (NYSE:T), but Citi explains that the video market does not possess the competition to allow either of these acquisitions. The shares traded up $0.13 (0.47%) recently at $27.75.
News Corp. (NASDAQ:NWSA): After two years in the position, Dow Jones President Todd Larsen has resigned. This news comes only four months after Les Fenwick’s appointment as CEO. The shares traded up $0.24 (1.19%) recently at $20.33.
SIRIUS XM Radio Inc. (NASDAQ:SIRI) sets its aim higher because of the strength of a few outsized block trades. The shares traded up $0.05 (2.72%) recently at $1.885.
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