TITLE

Moonves' movie plan draws Street traffic

AUTHOR(S)
Zeitchik, Steven
PUB. DATE
June 2006
SOURCE
Daily Variety;6/26/2006, Vol. 291 Issue 60, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides an update on the financial performance of CBS Broadcasting Inc. The company announced that it is planning to finance and produce six to eight midrange films per year. Its stocks in the market rose by 4 percent in the two-and-a-half period after it had made the announcement. Stock price closed at $26.50, which is close to all-time high since it started trading in January 2006. Under its new plan, CBS would pay traditional output deal fees to a production entity in exchange for profit participation.
ACCESSION #
21385850

 

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