NEW YORK (TheStreet) -- CBS (CBS) stock is up 2.05% to $62.10 today after it was reported that it's a potential buyer of CNN if Time Warner (TWX) was sold to Rupert Murdoch's 21st Century Fox (FOXA), according to the Wall Street Journal.
21st Century Fox has made an $80 billion takeover bid for Time Warner which the company rejected.
Other potential buyers of CNN could include Bloomberg and Yahoo (YHOO).
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CBS has held merger talks with CNN several times in the past two decades, most recently in 2010 when they discussed combining news resources.
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 a few notable strengths, 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."
Highlights from the analysis by TheStreet Ratings Team goes as follows: