CBS Stock Rises on Tiger Woods News
NEW YORK (TheStreet) -- CBS (CBS) - Get Report stock has spiked after Tiger Woods announced that he'd play at the Masters Tournament next month, while shares of corporate sponsors that have stood by him when his personal life erupted in scandal are little changed.
Both CBS and
Walt Disney's
(DIS) - Get Report
ESPN have rights to televise the event.
CBS stock is up 1.7% to $14.70, while
Nike
(NKE) - Get Report
is up 0.1% at $70.50 and
EA Sports
(ERTS)
is down about 1% at $17.70. Walt Disney has edged 0.4% lower to $33.60.
Both
and EA Sports decided to stand by Woods despite his troubles, and even as other corporate sponsors
jumped ship
for fear of being
by Wood's tarnished reputation.
-- Reported by Andrea Tse in New York
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