CBS on Tuesday boosted its quarterly dividend 14 percent to 25 cents and said it would buy back $1.6 billion worth of its stock. The move was seen as an effort by the media giant to move the company's stock out of its current rut. In January 2006, Viacom Chairman Sumner Redstone split the company into two separate entities, CBS Corp. and Viacom, in the hopes of uncovering their true value. For a time, CBS shares did indeed rise in value, but it has been flat since the beginning of this year. Yesterday's news of the buyback and dividend increase didn't change matters. CBS shares closed unchanged Tuesday at $31.50.
Geraldo Rivera clearly has mixed feelings about his co-workers at Fox News. Of Bill O'Reilly, with whom he famously clashed over the immigration issue, he told the Boston Globe: "O'Reilly came from the same blue-collar, public-school background that I did. I get him. ... And he's good. There's no such thing as a longtime successful accident." He also expressed admiration for Fox News chief Roger Ailes, saying that he respects Ailes, even if he doesn't always agree with him. However, he called Fox commentator Michelle Malkin, "the most vile, hateful commentator I've ever met in my life. ... It's good she's in D.C. and I'm in New York. ... I'd spit on her if I saw her."
The veteran CBS News correspondent Bob Simon, whose career spanned five decades, has been killed in a car accident in New York. Simon, 73, covered...