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CBS Corp (CBS)

CBS on New York Consolidated

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17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

CBS Corp announces preliminary results of CBS Radio exchange offer
Friday, 17 Nov 2017 06:00am EST 

Nov 17 (Reuters) - Cbs Corp :CBS Corporation announces preliminary results of CBS Radio exchange offer.CBS Corp - ‍based on preliminary results, exchange offer was oversubscribed​.CBS Corp - ‍expects to announce final proration factor following expiration of guaranteed delivery period, which will occur on Nov 20.CBS Corp - ‍offer to exchange shares of CBS class B stock on a per-share-basis for 5.6796 shares of CBS Radio common stock expired on Nov 16, 2017​.  Full Article

CBS CORPORATION PRICES $900 MILLION SENIOR NOTES OFFERING
Monday, 13 Nov 2017 03:19pm EST 

Nov 13 (Reuters) - CBS Corp ::CBS CORPORATION PRICES $900 MILLION SENIOR NOTES OFFERING.CBS CORP - ‍PRICING OF A PRIVATE DEBT OFFERING OF $400 MILLION OF 2.900% SENIOR NOTES DUE 2023 AND $500 MILLION OF 3.700% SENIOR NOTES DUE 2028​.  Full Article

CBS Corporation announces proposed senior notes offering
Monday, 13 Nov 2017 09:09am EST 

Nov 13 (Reuters) - CBS Corp ::Announces proposed senior notes offering.  Full Article

CBS files for potential mixed shelf, size not disclosed
Friday, 3 Nov 2017 05:03pm EDT 

Nov 3 (Reuters) - CBS Corp :Files for potential mixed shelf; size not disclosed - SEC filing.  Full Article

CBS Corporation reports third quarter 2017 results
Thursday, 2 Nov 2017 04:05pm EDT 

Nov 2 (Reuters) - CBS Corp :CBS Corporation reports third quarter 2017 results.  Full Article

Kordamentha Restructuring updates on Ten's acquisition by CBS Corp​
Sunday, 22 Oct 2017 09:37pm EDT 

Oct 23 (Reuters) - Kordamentha Restructuring :On 18 Oct Foreign Investment Review Board says Commonwealth has no objection to acquisition of stake in Ten by CBS Corp​.  Full Article

CBS Corp launches exchange offer to split-off CBS Radio
Thursday, 19 Oct 2017 04:07pm EDT 

Oct 19 (Reuters) - CBS Corp :CBS Corporation launches exchange offer to split-off CBS Radio.CBS Corp - ‍commencement of exchange offer for separation of radio business.CBS Corp -‍in exchange offer,CBS shareholders will have opportunity to exchange shares of CBS Class B common stock for shares of CBS radio common stock​.  Full Article

Ten Network Holdings updates on outcome of second creditors' meeting
Tuesday, 19 Sep 2017 05:22am EDT 

Sept 19 (Reuters) - Ten Network Holdings Ltd ::Updates on outcome of second creditors' meeting.Creditors have resolved that each respective co execute proposed deed of company arrangement with CBS International Television Australia.  Full Article

Kordamentha Restructuring receives revised proposal from Birketu & Illyria to recapitalise Ten
Friday, 15 Sep 2017 04:47am EDT 

Sept 15 (Reuters) - Ten Network Holdings Ltd :Received DOCA proposal from Birketu and Illyria to recapitalise Ten Network.Under terms of revised proposal , there will be increase in maximum payment to unsecured creditors from $35.0m to $55.0m.Under revised proposal, Ten’s unsecured creditors, excluding CBS, will receive $35 mln compared to $32.0m under CBS transaction.  Full Article

CBS says retrans, reverse comp will exceed halfway mark to its $2.5 bln revenue goal for 2020 by year end
Monday, 7 Aug 2017 06:00pm EDT 

Aug 7 (Reuters) - CBS Corp ::CBS Corp says pay-per-view matchup between Floyd Mayweather and Connor Macgregor will be available directly to consumers over the top - conf call.CBS Corp says will roll out a 24/7 live streaming channel, like CBSN, for sports later this year- conf call.CBS Corp says deal to merge CBS Radio with Entercom is on track to close in Q4 of this year- conf call.CBS says retrans and reverse comp will exceed the halfway mark to its $2.5 billion revenue goal for 2020 by the end of the year- conf call.CBS on M&A- "we feel strategically complete", "we don't need any M&A to achieve the results"- conf call.  Full Article

Photo

Comcast, Verizon approached Twenty-First Century Fox to buy some assets: sources

Comcast Corp and Verizon Communications Inc have both expressed interest in acquiring a significant part of Rupert Murdoch's Twenty-First Century Fox Inc's assets, two people familiar with the situation told Reuters on Thursday.