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Via www.controlledgreed.com:
The Wall Street Journal reports that CBS (CBS/NYSE) announced today it is buying back up to $1.5 billion worth of stock and boosted its dividend for the fourth time since being spun off from Viacom. The key words in any stock repurchase announcement are "up to" -- but Les Moonves is proving to be a very shareholder-friendly CEO. And I expect him to continue working to deliver returns for those of us owning the stock. ...
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Update 08/08:
Via www.controlledgreed.com:
I've posted several times that I like Les Moonves, CEO of CBS (CBS/NYSE). I think he relished the chance to take what the conventional wisdom tagged a "boring, old media company" -- and transform it into something exciting.
And Moonves defines being successful as rewarding shareholders. He's boosted the dividend, announced share buybacks, and shed non-core assets. Yet most of his press has centered on hiring Katie Couric to anchor the CBS Evening News and firing radio host Don Imus. Neither even...
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Update 09/05:
Via www.controlledgreed.com:
CBS (CBS/NYSE) is up a bit since being bought, but hasn't done much this year. Les Moonves is boosting the company's dividend again, and CBS has announced another share repurchase. Details provided by Bloomberg:
CBS Corp., owner of the most-watched
U.S. television network, raised its quarterly dividend by 14
percent to 25 cents a share, marking the fifth increase since the
company was spun off from Viacom Inc. last year. CBS will also buy back as much as $1.6 billion of its stock,
the New York-b...
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CBS:
This call was made
on 02/28/07
@ $30.6
| Rating: |
$30.6 (02/28/07)
|
| Gain/Loss: |
-53.14%
in
1012 days
(+2.88%
from dividend)
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