Want to join the conversation?
Outdoor advertising company $CBS said that 1Q16 underlying network advertising continued to accelerate from the 8% growth seen in 3Q15 and 4Q15, and was up 12% in 1Q16. Affiliate and subscription fees grew 15% driven by strong increases in retrans and reverse comp, which was up 42% for the quarter. Content licensing and distribution was $729MM.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?