Goldman Is Watching CBS, But Not Fox (CBS)

Goldman Sachs is positive on CBS Corporation CBS, as it had the three top premieres of the new TV season. It is particularly bearish on Fox NWS, which has already canceled 'Lone Star' due to poor ratings. In the research note, Goldman Sachs writes, "CBS won the first week of the new broadcast season with a 3.3 rating in A18-49 (+3% yoy), driven by solid performance from its sitcoms and new shows. CBS had the top 3 series premieres last with the $#*! My Dad Says, Mike and Molly, and Hawaii Five-0." Goldman goes on to say, "FOX finished the week in last place, driven by the underperformance of shows including House (-37% yoy) and weakness in its comedy lineup. Animated comedies such as Family Guy (-15%), The Simpsons (-14%), and The Cleveland Show (-37%) were weaker. After just two episodes on air, Lone Star has been cancelled due to poor ratings. The drama recently fell to a 1.0 rating from 1.3 the previous week." Shares of CBS gained 13 cents yesterday to close at $16.03, a gain of 0.8%.