Tag: CBS
R Kelly Breaks Silence in Explosive Interview with Gayle King for CBS
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Photo courtesy of CBS TV[/caption]In a matter of a couple of months, R. Kelly has literally lost everything and in the court of public opinion he doesn't stand much of a chance of innocence but with his court date just a couple of weeks away where he is facing 70 years in prison for 10 counts of sexual assault involving four women, three of whom were underage, he dug even deeper and must have felt compelled to have an opportunity to express his side of the allegations.One would think it would have been to the chagrin of his current counsel who must have advised against it for the increased possibility of incrimination. He got visibly upset during the video clips stating "I'm fighting for my fu&$in' life" while bursting into tears and saying it would have been stupid of him to imprison women with his past and celebrity. He states the women are lying.Out of the three most recent interviews where black women in the media got exclusives (Robin Roberts, Oprah Winfrey, Gayle King) this will probably get the highest ratings and will air in two parts Wed and Thurs. Originally R. Kelly went to Iyanla Vanzant to appear on her show but she stated she declined.
Photo courtesy of CBS TV[/caption]In a matter of a couple of months, R. Kelly has literally lost everything and in the court of public opinion he doesn't stand much of a chance of innocence but with his court date just a couple of weeks away where he is facing 70 years in prison for 10 counts of sexual assault involving four women, three of whom were underage, he dug even deeper and must have felt compelled to have an opportunity to express his side of the allegations.One would think it would have been to the chagrin of his current counsel who must have advised against it for the increased possibility of incrimination. He got visibly upset during the video clips stating "I'm fighting for my fu&$in' life" while bursting into tears and saying it would have been stupid of him to imprison women with his past and celebrity. He states the women are lying.Out of the three most recent interviews where black women in the media got exclusives (Robin Roberts, Oprah Winfrey, Gayle King) this will probably get the highest ratings and will air in two parts Wed and Thurs. Originally R. Kelly went to Iyanla Vanzant to appear on her show but she stated she declined.
CBS Earnings Down After Selling Radio Stations
CBS reported profits down but revenues up
Moonves Out as CBS CEO
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Mike Windle/Getty Images[/caption]
As of Sunday night, it has been announced that CBS CEO Leslie Moonves will be leaving CBS following a growing series of allegations of sexual harassment and assault.
In a July 27th New Yorker exposé, several women had published accusations of Moonves' sexual misconduct, followed quickly by CBS' hiring of two New York law firms to lead an internal investigation. While this internal investigation is still ongoing, a recent article by Ronan Farrow detailed six further accusations of sexual harassment or assault by Moonves. Moonves' departure was announced mere hours after the publication of this report.
Moonves' contract dictated Moonves a substantial severance package over the next four years, but if fired 'for cause' much of the package will be eroded. Up to $120 million is going to be held in a 'Holdback Trust' pending the results of their internal investigation.
The departure is already making waves throughout the industry. Doug Morris is now leaving CBS' board of directors, having joined in 2007 as chairman and CEO of Vivendi's UMG. Morris had served on the compensation committee.
Mike Windle/Getty Images[/caption]
As of Sunday night, it has been announced that CBS CEO Leslie Moonves will be leaving CBS following a growing series of allegations of sexual harassment and assault.
In a July 27th New Yorker exposé, several women had published accusations of Moonves' sexual misconduct, followed quickly by CBS' hiring of two New York law firms to lead an internal investigation. While this internal investigation is still ongoing, a recent article by Ronan Farrow detailed six further accusations of sexual harassment or assault by Moonves. Moonves' departure was announced mere hours after the publication of this report.
Moonves' contract dictated Moonves a substantial severance package over the next four years, but if fired 'for cause' much of the package will be eroded. Up to $120 million is going to be held in a 'Holdback Trust' pending the results of their internal investigation.
The departure is already making waves throughout the industry. Doug Morris is now leaving CBS' board of directors, having joined in 2007 as chairman and CEO of Vivendi's UMG. Morris had served on the compensation committee.
D. L. Hughley Chosen for CBS Comedy Pilot
D.L Hughley is no stranger to television. He has done it all from sitcoms to talk shows. Adding to his resume, CBS has made the decision to make a cast change on the comedy pilot "Brothered Up" by casting D.L. Hughley in a significant role. Romany Malco was originally casted as the co-lead but the shows creator decided to go with Hughley after a solid table read. Comedy veteran D. L. is ...
Investors Interested in Entertainment Stocks
Entertainment Stocks on Investors' Radar -- Twenty-First Century Fox, Comcast, Walt Disney and CBS Corp.
Stock-Callers.com brings focus back on the global Entertainment and Media space which is expected to reach a worth of $2.14 trillion in 2020. Four equities in the Diversified Entertainment industry have been selected for assessment today and they are: Twenty-First Century Fox Inc. (NASDAQ: FOXA), Comcast Corp. (NASDAQ: CMCSA), The Walt Disney Co. (NYSE: DIS), and CBS Corp. (NYSE: CBS).
Twenty-First Century Fox
At the close on Monday, shares in New York headquartered Twenty-First Century Fox Inc. rose 0.58%, ending the day at $27.56. The stock recorded a trading volume of 13.80 million shares, which was above its three months average volume of 11.64 million shares. The Company's shares have advanced 13.73% in the previous three months and 2.81% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.42% and 1.92%, respectively. Moreover, shares of Twenty-First Century Fox, which together with its subsidiaries, operates as a diversified media and entertainment company in the US, the UK, Continental Europe, Asia, Latin America, and internationally, have a Relative Strength Index (RSI) of 53.57.
On November 22nd, 2016, AT&T and Fox Networks Group, a primary operating unit of 21st Century Fox, announced that they have reached an agreement to extend the Fox portfolio of networks across AT&T DIRECTV products including AT&T's new streaming service DIRECTV NOW. The parties have also agreed on a framework for FOX Broadcasting Company programming to be delivered to DIRECTV NOW customers nationwide. FOXA complete research report is just a click away and free at:
CBS CORPORATION ANNOUNCES PROPOSED $1.46 BILLION DEBT FINANCING
CBS CORPORATION ANNOUNCES PROPOSED $1.46 BILLION DEBT FINANCING BY CBS RADIO INC. IN CONNECTION WITH THE SEPARATIONOF THE CBS RADIO BUSINESS
CBS Corporation (NYSE: CBS.A and CBS) today announced that in connection with its previously announced intention to separate its radio business, CBS Radio Inc. (“CBS Radio”) plans to offer $460 million of senior unsecured notes and to enter into a $1 billion senior secured term loan, in each case, subject to market and other conditions.CBS expects that substantially all of the net proceeds from both the notes offering and the term loan will be distributed to CBS. The remaining net proceeds not used for such distribution will be used by CBS Radio for general corporate purposes and ongoing cash needs.The notes will be offered and sold in a private placement to qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The notes to be offered have not been registered under the Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall there be any sale of the notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.Certain statements in this release, including those relating to completion of the debt offering and the proposed use of proceeds, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, without limitation: the satisfaction of customary closing conditions relating to the debt offering; capital market risks; and the impact of general economic or industry conditions. There can be no assurance that the proposed debt offering will be completed on the anticipated terms, or at all. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this news release. We intend these forward-looking statements to speak only as of the time of this release and do not undertake any obligation to update any forward-looking statements contained in this release as a result of new information or future events or developments.CBS Corporation (NYSE: CBS.A and CBS) is a mass media company that creates and distributes industry-leading content across a variety of platforms to audiences around the world. The Company has businesses with origins that date back to the dawn of the broadcasting age as well as new ventures that operate on the leading edge of media. CBS owns the most-watched television network in the U.S. and one of the world’s largest libraries of entertainment content, making its brand — “the Eye” — one of the most recognized in business. The Company’s operations span virtually every field of media and entertainment, including cable, publishing, radio, local TV, film, and interactive and socially responsible media. CBS’s businesses include CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros. Entertainment), CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Consumer Products, CBS Home Entertainment, CBS Interactive, CBS Films, Showtime Networks, CBS Sports Network, Pop (a joint venture between CBS Corporation and Lionsgate), Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio and CBS EcoMedia. For more information, go towww.cbscorporation.com. CBS RADIO is one of the largest major-market broadcast media operators in the United States and the undisputed leader in news and sports radio. Producing original audio and video content, live events and exclusive programming broadcast via on-air, online and mobile platforms, CBS RADIO reaches more than 72 million consumers nationwide each week. As a part of CBS Corporation, the division owns 117 radio stations in 26 markets – including all of the top 10 as ranked by Nielsen Audio – as well as an extensive array of digital assets. CBS RADIO distributes its programming via AM, FM and HD Radio stations, Radio.com and CBS Local Digital Media apps, making engaging with audiences easier than ever before. For more information on CBS RADIO, please visit www.cbsradio.com.
CBS Corporation (NYSE: CBS.A and CBS) today announced that in connection with its previously announced intention to separate its radio business, CBS Radio Inc. (“CBS Radio”) plans to offer $460 million of senior unsecured notes and to enter into a $1 billion senior secured term loan, in each case, subject to market and other conditions.CBS expects that substantially all of the net proceeds from both the notes offering and the term loan will be distributed to CBS. The remaining net proceeds not used for such distribution will be used by CBS Radio for general corporate purposes and ongoing cash needs.The notes will be offered and sold in a private placement to qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The notes to be offered have not been registered under the Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall there be any sale of the notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.Certain statements in this release, including those relating to completion of the debt offering and the proposed use of proceeds, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, without limitation: the satisfaction of customary closing conditions relating to the debt offering; capital market risks; and the impact of general economic or industry conditions. There can be no assurance that the proposed debt offering will be completed on the anticipated terms, or at all. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this news release. We intend these forward-looking statements to speak only as of the time of this release and do not undertake any obligation to update any forward-looking statements contained in this release as a result of new information or future events or developments.CBS Corporation (NYSE: CBS.A and CBS) is a mass media company that creates and distributes industry-leading content across a variety of platforms to audiences around the world. The Company has businesses with origins that date back to the dawn of the broadcasting age as well as new ventures that operate on the leading edge of media. CBS owns the most-watched television network in the U.S. and one of the world’s largest libraries of entertainment content, making its brand — “the Eye” — one of the most recognized in business. The Company’s operations span virtually every field of media and entertainment, including cable, publishing, radio, local TV, film, and interactive and socially responsible media. CBS’s businesses include CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros. Entertainment), CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Consumer Products, CBS Home Entertainment, CBS Interactive, CBS Films, Showtime Networks, CBS Sports Network, Pop (a joint venture between CBS Corporation and Lionsgate), Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio and CBS EcoMedia. For more information, go towww.cbscorporation.com. CBS RADIO is one of the largest major-market broadcast media operators in the United States and the undisputed leader in news and sports radio. Producing original audio and video content, live events and exclusive programming broadcast via on-air, online and mobile platforms, CBS RADIO reaches more than 72 million consumers nationwide each week. As a part of CBS Corporation, the division owns 117 radio stations in 26 markets – including all of the top 10 as ranked by Nielsen Audio – as well as an extensive array of digital assets. CBS RADIO distributes its programming via AM, FM and HD Radio stations, Radio.com and CBS Local Digital Media apps, making engaging with audiences easier than ever before. For more information on CBS RADIO, please visit www.cbsradio.com. 
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