Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model


CBS Corporation



) pushed the Media industry lower today making it today's featured Media laggard. The industry as a whole closed the day down 0.1%. By the end of trading, CBS Corporation fell 41 cents (-1.2%) to $32.87 on average volume. Throughout the day, 7.7 million shares of CBS Corporation exchanged hands as compared to its average daily volume of 6.4 million shares. The stock ranged in price between $32.49-$33.58 after having opened the day at $33.39 as compared to the previous trading day's close of $33.28. Other companies within the Media industry that declined today were:

Constant Contact



), down 29.9%,

Digital Cinema Destinations



), down 7.3%,

AirMedia Group



), down 4.9%, and

Dreamworks Animation SKG



), down 4.8%.

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CBS Corporation, together with its subsidiaries, operates as a mass media company in the United States and internationally. CBS Corporation has a market cap of $19.74 billion and is part of the services sector. The company has a P/E ratio of 14.9, above the average media industry P/E ratio of 14.7 and below the S&P 500 P/E ratio of 17.7. Shares are up 21.8% year to date as of the close of trading on Thursday. Currently there are 17 analysts that rate CBS Corporation a buy, no analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates CBS Corporation as a


. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front,

LodgeNet Interactive Corporation



), up 25.7%,

Liberty Media Corp Class B



), up 12.5%,

Envoy Capital Group



), up 8%, and

Insignia Systems



), up 6.5%, were all gainers within the media industry with

Time Warner Cable



) being today's featured media industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider

PowerShares Dynamic Media



) while those bearish on the media industry could consider

ProShares Ultra Sht Consumer Services




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