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NEW YORK ( TheStreet) -- CBS Corporation (NYSE: CBS) hit a new 52-week high Tuesday as it traded at $24.77 compared with its previous 52-Week high of $24.75. CBS is changing hands at $24.76 with 281,666 shares traded as of 9:36 a.m. ET. Average volume has been 9.9 million shares over the past 30 days. CBS has a market cap of $14.6 billion and is part of the services sector and media industry. Shares are up 28.7% year to date as of the close of trading on Monday. CBS Corporation operates as a mass media company in the United States and internationally. The company has operations in every field of media and entertainment, including broadcast television, such as CBS and The CW, a joint venture between CBS Corporation and Warner Bros. The company has a P/E ratio of 22.3, equal to the average media industry P/E ratio and above the S&P 500 P/E ratio of 15.8.