CBS (NYSE: CBS) does not need to have the press tell its investors that the company is doing poorly. Broadcast advertising has been hit hard by the advertising recession.
So far, none of the CEOs at the large media conglomerates have been fired. With share prices down as much as 75% that may change. CBS could start the trend. The press is beginning to mention the chief of the firm, Les Moonves, as the fall-guy for the company's problems. According to The Wall Street Journal, "Leslie Moonves sometimes gives the impression he could see a glass as half full even if it was upside down."
Google's plan for netbook PCs moves higher into the clouds
Closing Bell: Stock bulls and dollar death (DDRX,GMCR, PEET, SBUX, EBAY, CI, TECD)
So long peak oil, here comes peak uranium
