Fox Sports' Sprint Cup Viewership Down 6% NFL Cardinals' Amazon Series Debuts Tirico Receives Warm ESPN Send-Off Multiple NFL Teams Pushing For St. Louis TV Online Network Changing Gymnastics Coverage NBC Swim Trials Audience Down Big ESPN Viewership Slightly Lower In Q2 Pistons Flagship Dumps Sports Format ESPN Didn't Have Much Say On CWS Finale Start USOC Revokes Media Credentials For FloSports
CBS STOCK REBOUNDS AFTER TAKEOVER REPORT
Published May 1, 1995
CBS, Inc. stock "jumped" on Friday after reports that CBS Chair & CEO Laurance Tisch was negotiating to sell his stake in the company to Westinghouse Electric. CBS closed up 3 1/4 at 64 3/4 on the NYSE. CNBC commentator Dan Dorfman had reported that Westinghouse would offer about $80 a share for CBS stock. Rob Morrow, a Westinghouse spokesperson, said the company "doesn't speculate on rumors or speculation" (N.Y. POST, 4/29). NO CHANGE AT FOX? ELECTRONIC MEDIA is reporting that the FCC is all but "scrapping a plan to make Fox restructure and instead may give Rupert Murdoch a foreign ownership waver" (AD AGE/ELECTRONIC MEDIA, 5/1 issue).