Broadcasting Industry Announced Financial Results, New Leaders and Acquisitions - Research Report on CBS, Sinclair Broadcast, Scripps Networks Interactive, Liberty Mediam, and Nexstar Broadcasting Editor Note: For more information about this release, please scroll to bottom. PR Newswire NEW YORK, November 13, 2013 NEW YORK, November 13, 2013 /PRNewswire/ -- Today, Analysts' Corner announced new research reports highlighting CBS Corporation (NYSE: CBS), Sinclair Broadcast Group Inc. (NASDAQ: SBGI), Scripps Networks Interactive, Inc. (NYSE: SNI), Liberty Capital Group (NASDAQ: LMCA), and Nexstar Broadcasting Group Inc. (NASDAQ: NXST). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. CBS Corporation Research Report On November 6, 2013, CBS Corporation (CBS) reported its financial results for Q3 2013. Total revenue increased 11.3% YoY to $3.6 billion during the quarter. Net earnings were $494 million or $0.80 per diluted share in Q3 2013, compared to net income of $391 million or $0.60 per diluted share in Q3 2012. Commenting on the results, Executive Chairman at CBS, Sumner Redstone said, "CBS's third quarter proves once again why content is king. Our programming is becoming more valuable all the time as we continue to take advantage of the ever-expanding multiplatform world. With Les and his team leading the way, I know that CBS is poised for continued success for many years to come." The Full Research Report on CBS Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/22c7_CBS] -- Sinclair Broadcast Group Inc. Research Report On November 7, 2013, Sinclair Broadcast Group Inc. (Sinclair) announced that it has appointed Joseph Koff as the new Vice President of Training and Development, in addition to his current role as Chief Operating Officer of Sinclair's wrestling promotion, Ring of Honor. Steve Marks, Chief Operating Officer of Sinclair's television group, said, "We are very pleased to promote Joe and make official the lead role he has been handling for us for years. Our first sales boot camps were created and taught by Joe. They eventually evolved into Sinclair University, which is our in-house sales training program, the curriculum of which Joe created and personally teaches. He has been an integral part in growing our top line revenues through the training of our account executives and local sales managers. We have seen solid results from the almost 200 sellers who have participated in Sinclair University and look forward to Joe expanding upon those success stories." The Full Research Report on Sinclair Broadcast Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8323_SBGI] -- Scripps Networks Interactive, Inc. Research Report On November 8, 2013, Scripps Networks Interactive, Inc. (Scripps Networks) announced that it has appointed James B. Clayton as the Company's new Executive Vice President of Corporate Giving and Community Relations. According to the Scripps Networks, Clayton in his new role will oversee the Company's global, national and local philanthropy and will be responsible for developing strategies and protocols for the Company's corporate giving, as well as serving as the primary liaison and philanthropic contact for civic and community leaders in Knoxville, New York City and other locations where the Company has operations. Clayton will report to Kenneth W. Lowe, Chairman, President and CEO of Scripps Networks. The Full Research Report on Scripps Networks Interactive, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d3d0_SNI] -- Liberty Capital Group Research Report On November 5, 2013, Liberty Capital Group (Liberty Media) reported its financial results for Q3 2013. Revenue decreased 86.1% YoY to $154 million during the quarter. Net earnings attributable to Liberty stockholders were $221 million in Q3 2013, compared to that of $76 million in Q3 2012. Liberty Media's President and CEO, Greg Maffei said, "It was a busy October for Liberty. We completed a transaction with Comcast which resulted in our repurchase of 6.3 million Liberty Media shares or 5.2% of our outstanding shares which takes total repurchases to over 51%. We also reached an agreement with SiriusXM for them to repurchase $500 million of their shares from us. Finally, we received a very positive response to our 1.375% convertible senior notes offering which was upsized to $1 billion from $500 million." The Full Research Report on Liberty Capital Group - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8b9e_LMCA] -- Nexstar Broadcasting Group Inc. Research Report On November 6, 2013, Nexstar Broadcasting Group Inc. (Nexstar Broadcasting) announced that it entered into a definitive agreement to acquire the stock of Grant Company, Inc. (Grant), the owner of seven television stations in four markets, for $87.5 million in accretive transaction. According to the Company, the proposed acquisition transaction will expand Nexstar's local television broadcasting and digital media platforms with stations that are complementary to Nexstar's operating base and present significant financial and operating synergies. Additionally, Nexstar informed about another purchase agreement with Mission Broadcasting, Inc. (Mission), pursuant to which Mission will purchase one of the Grant stations from Nexstar and, upon consummation of the transaction, enter into local service agreements with Nexstar. Perry A. Sook, Chairman, President and CEO of Nexstar Broadcasting commented, "The agreement to acquire seven stations from Grant extends our momentum in building the scale of our broadcast operating base through accretive acquisitions. Upon completing all announced transactions, we will own or provide services to multiple stations in 36 of the 54 markets where we will operate." The Full Research Report on Nexstar Broadcasting Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/19de_NXST] ---- EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by Namrata Maheshwari, a CFA charterholder. However, we are only human and are prone to make mistakes. 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Broadcasting Industry Announced Financial Results, New Leaders and Acquisitions - Research Report on CBS, Sinclair Broadcast,
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