Showtime, CBS Corp.'s (NYSE:CBS) premium cable channel, is tired of watching Netflix (NASDAQ:NFLX), Hulu, and Amazon.com (NASDAQ:AMZN) undermining its business model with online streaming alternatives.
CBS Corporation (NYSE:CBS) traded on a positive note gaining 0.14 points or 0.25% to be valued at $55.47 per share. Intraday, the shares aggregated $26.26 million in upticks but saw an exodus of $45.31 million in downticks.
CBS Corporation (NYSE:CBS) has lost 1.83% during the past week and dropped 7.65% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.43%.