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NEW YORK ( TheStreet) -- CBS Corporation (NYSE: CBS) hit a new 52-week high Friday as it is currently trading at $34.45, above its previous 52-week high of $34.20 with 5,500 shares traded as of 9:30 a.m. ET. Average volume has been seven million shares over the past 30 days. CBS has a market cap of $20.15 billion and is part of the services sector and media industry. Shares are up 22.5% year to date as of the close of trading on Thursday. CBS Corporation, together with its subsidiaries, operates as a mass media company in the United States and internationally. The company has a P/E ratio of 17.5, above the average media industry P/E ratio of 17.3 and below the S&P 500 P/E ratio of 17.7.