Shares of the broadcaster rose in anticipation of its merger with Viacom.
News & Analysis: CBS
The entertainment corporation had mixed results for investors in its third-quarter report; earnings and revenue were high, but advertising results were disappointing.
Believe it or not, ViacomCBS is looking like a great buy today.
CBS earnings call for the period ending September 30, 2019.
These are great options for investors looking for some additional cash flow.
You know these companies well, but the market doesn't value them very highly at all.
Shares of the broadcast network slipped after it announced a merger with Viacom.
The two companies have agreed to merge, but they need more intellectual property to be a major player in the streaming market.
After years of deliberation, the merger is finally approaching a close, and the entertainment world gets a little smaller.
Even combined, the media companies are still small compared to the competition.