Morningstar Analyst On CBS-Starz Buyout Rumor: 'They're Not Necessarily Looking To Put $5B Into A New Cable Channel Right Now'
After CNBC’s David Faber tweeted that CBS Corporation (NYSE: CBS) had no interest in acquiring Starz (NASDAQ: STRZA), Morningstar Equity Analyst Neil Macker told Benzinga that he can see why the company is not necessarily looking to put $5 billion into a new cable channel right now.
“I think right now they’re really happy with where they are with Showtime and their assets they have now,” he said.
Instead, he thinks CBS is focused on trying to get content -- specifically, original content.
“If you look at some of their highest-ranked shows, ‘NCIS’ and its spinoffs are there. But something like ‘Big Bang Theory,’ ‘Two And A Half Men,’ those are all coming from Time Warner Cable (NYSE: TWC),” he said.
Brianna Valleskey contributed to this report.
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