Deutsche Bank Is Watching CBS (CBS)

Deutsche Bank has some thoughts on the new TV season, and is particularly upbeat on CBS Corporation CBS, as it continues to gain market share. In the research report, Deutsche Bank writes, "Final live + same day ratings are out for the first week of the 2010-11 TV season, and are in line with our preview yesterday. Overall broadcast is weak, even weaker without sports, and there were no breakout hits. See chart. CBS and NBC gained big share from ABC and Fox. The week was a positive for CBS and the cable network business and bad news for ABC and Fox. According to press reports, Fox has already cancelled new show Lone Star, the first casualty of the new season." Shares of CBS gained 13 cents yesterday to close at $16.03, a gain of 0.8%.