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For 3Q16, $CBS expects TV stations to be up high single digits, driven by political advertising, and radio is expected to be up as well. Affiliate and subscription fees continue to grow. $CBS is set to surpass $1Bil in retrans and reverse comp by 2016-end, and next year $CBS have 14% of its reverse comp and 24% of retrans coming up for renewal.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.