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The Wall Street Journal reports that CBS (CBS/NYSE) announced today it is buying back up to $1.5 billion worth of stock and boosted its dividend for the fourth time since being spun off from Viacom.

The key words in any stock repurchase announcement are "up to" -- but Les Moonves is proving to be a very shareholder-friendly CEO. And I expect him to continue working to deliver returns for those of us owning the stock.

The Wall Street Journal reports that CBS (CBS/NYSE) announced today it is buying back up to $1.5 billion worth of stock and boosted its dividend for the fourth time since being spun off from Viacom.

The key words in any stock repurchase announcement are "up to" -- but Les Moonves is proving to be a very shareholder-friendly CEO. And I expect him to continue working to deliver returns for those of us owning the stock.

The Wall Street Journal reports that CBS (CBS/NYSE) announced today it is buying back up to $1.5 billion worth of stock and boosted its dividend for the fourth time since being spun off from Viacom.

The key words in any stock repurchase announcement are "up to" -- but Les Moonves is proving to be a very shareholder-friendly CEO. And I expect him to continue working to deliver returns for those of us owning the stock.

Given how popular porn Web sites are on cellphones, we figure there might be an audience for the new "Victoria's Secret TV" lingerie model channel, launched by CBS (CBS) and Qualcomm (QCOM) on its MediaFlo mobile TV service. In fact, people might actually pay for that kind of stuff.

The problem: You need a special phone to watch it, so there's not really such a thing as a free preview or an impulse purchase.

Like the rest of MediaFlo's mobile TV service, it's only available on a few special phones, via AT&T (T) and Verizon (VZ). Which means you either already need to have a MediaFlo-compatibl

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Filed under: Market matters, Viacom (VIA), CBS Corp 'B' (CBS), Chesapeake Energy (CHK), Las Vegas Sands (LVS), Cramer on BloggingStocks

From TheStreet.com Network

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Filed under: Earnings reports, General Electric (GE), Time Warner (TWX), Walt Disney (DIS), Viacom (VIA), CBS Corp 'B' (CBS), News Corp'B' (NWS), Media World

Well, thanks a lot, Disney (NYSE: DIS), for making a liar out of me. I thought the media company would beat earnings expectations for the fiscal fourth quarter. It didn't. Net income on an adjusted basis was $0.43 per share. Wall Street thought the Mouse was good for $0.49. And there wasn't much growth quality to the bottom line, either. Disney only managed to increase it by a single solitary penny. Alas.

Shareholders can console themse

Filed under: Earnings reports, General Electric (GE), Time Warner (TWX), Walt Disney (DIS), Viacom (VIA), Sony Corp ADR (SNE), CBS Corp 'B' (CBS), News Corp'B' (NWS), Media World

News Corp. (NYSE: NWS), whose competitors include CBS (NYSE: CBS), Disney (NYSE: DIS), Time Warner (NYSE: TWX), General Electric's (NYSE: GE) NBC Universal, Sony (NYSE: SNE), and Viacom (NYSE: VIA), reported earnings for the fiscal first quarter on Wednesday after the market closed. The stock was down over 11% in the after-hours trading session.

What happened? Do you really need to ask? Hard times beget hard guidanc