NEW YORK (TheStreet) -- Shares of CBS Corp. (CBS) are up 1.26% to $62.00 in pre-market trading on Monday after Aereo said it will "pause operations" after it was ruled in violation of U.S. copyright law by the Supreme Court last week.
Aereo leases digital antennas to subscribers to access and record broadcast television streams, and CBS is one of various broadcasters who argued that Aereo was illegally airing its content.
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Separately, TheStreet Ratings team rates CBS CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CBS CORP (CBS) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow."