CBS Bests Media Stocks With Time Warner Victory: Riskless Return
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CBS Corp., which last week won higher programming fees from Time Warner Cable Inc., is proving the best investment among major media companies.
The most-watched TV network in the U.S., CBS produced the highest risk-adjusted return for the past three years of the 16 companies listed in the Standard & Poor’s 500 Media Index, according to the BLOOMBERG RISKLESS RETURN RANKING. The stock more than tripled in the period, making up for above-average volatility, as media companies rebounded from the 2007-2009 economic crisis.