NEW YORK, Feb. 6, 2012 /PRNewswire/ -- CBS Corp. 'B' shares (NYSE: CBS: $29) have been picked by S&P Capital IQ as its Focus Stock of the Week. CBS carries S&P Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy.
"While CBS remains a likely strong beneficiary of an expected U.S. macroeconomic rebound, we believe a strong senior management team has made concrete early progress toward diversifying its revenue base," said Tuna Amobi, equity analyst at S&P Capital IQ. "For example, the company recently began to aggressively cultivate and exploit higher-margin, non-traditional revenue streams such as through emerging platforms; retransmission consent and reverse compensation; digital local media; and international syndication."
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