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CBS, News Corp. Stock Downgraded

Jan 29, 2009  •  Post A Comment

CBS and Fox parent News Corp. shareholders should sell their stock because of television-station sales and profits that are expected to decline this year, Multichannel News says, citing Pali Capital analyst Rich Greenfield. CBS is likely to eliminate its quarterly dividend while News Corp.’s focus on non-cable assets such as newspapers and book publishing has hurt the company, Multichannel News reports.
—Danny King

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