Tuesday, December 06, 2005

Consumer Inconfidence

Since Viacom is splitting into two companies (Viacom and CBS), the two corporations just began trading on the stock market today. The new, MTV-owning Viacom rose 5.8 percent from its initial price. But oddly enough, CBS Corp.'s stock fell 11 percent from its starting price.

I wonder why people wouldn't want to buy CBS? I mean honestly, who wouldn't want a piece of that fine, reputable organization with a history of quality journalism?



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