Investors should buy CBS on the dip, because it is a very attractive acquisition target for companies outside of the television industry, B. Riley FBR managing director and analyst Barton Crockett told CNBC on Monday.
“CBS is a huge brand; it’s the most watched network on TV. They also have Showtime, which is big and kind of direct-to-consumer. I think that CBS could be an interesting bolt onto a larger platform,” Crockett said on CNBC’s “Power Lunch.”
On Sunday evening, CBS announced Les Moonves will depart as chairman, president and chief executive....More>>>
