CHICAGO, Nov. 11, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the CBS Corporation (NYSE:CBS-Free Report), Time Warner Inc. (NYSE:TWX-Free Report), Twenty-First Century Fox, Inc. (Nasdaq:FOXA-Free Report) and Walt Disney Company (NYSE:DIS-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday's Analyst Blog:
Will CBS Benefit from Streaming News Service?
CBS Corporation (NYSE:CBS-Free Report) launched its first streaming news channel CBSN on Nov 6, shortly after reporting better-than-expected third-quarter 2014 results. The 24/7 news channel will provide over 15 hours of live coverage everyday across CBSNews.com, the CBS News app and important connected TV devices such as Amazon Fire TV and Roku players.
With the ratings for cable TV channels falling, media houses are making a concerted effort to find new avenues for their content. As more and more people have started streaming TV online, opportunities to grow business are skyrocketing in this sphere.
CBS Corp. is likely to benefit from the launch of CBSN. Moreover, CBSN is advertising-supported, which means the company will have a great deal of advertising to add to its revenue growth.
CBS Evening News once dominated the ratings, but an increase in number of cord-cutters and stiff competition relegated CBS Corp from its position. With CBSN, the company aims to get back on top.
Moreover, CBS News' special reports as well as breaking news will be simultaneously streamed on CBSN. This news service will no doubt bolster CBS Corp.'s digital presence. The company already has a 24-hour digital service, CBS All Access, which offers access to the network's current as well as previous shows for a subscription of $5.99 per month.
In addition, CBS Corp announced its plan to launch an independent streaming service for its premier channel Showtime, somewhere in 2015. The development follows the announcement made by Time Warner Inc. (NYSE:TWX-Free Report) at its Investors' Day last month, to launch an independent streaming service of its extremely popular channel HBO in 2015. HBO and Showtime are rival TV channels.
However, CBSN will have to battle it out with other digital news services like Twenty-First Century Fox, Inc.'s (Nasdaq:FOXA-Free Report) FOX News, CNN, The Walt Disney Company's (NYSE:DIS-Free Report) ABC News service and NBC News Service, which have long dominated this arena, boasting massive traffic.
At present, CBS Corp is a Zacks Rank #4 (Sell) stock. But we believe that with good financial performance and the above mentioned developments, there is likely to be a revision in the rank soon.
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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