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Market Movers

CBS stock surges after blackout is ended

Since the blackout began, CBS stock has declined 6.3 percent; Time Warner Cable has dropped 8.3 percent.
Associated Press/File 2011
Since the blackout began, CBS stock has declined 6.3 percent; Time Warner Cable has dropped 8.3 percent.
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CBS Corp. surged after it and Time Warner Cable cut a deal to end a one-month blackout of CBS channels such as Showtime. CBS programs returned to Time Warner Cable in New York, Los Angeles, and Dallas; the blackout ended in time for the start of National Football League regular-season games. Time Warner will pay significantly more to transmit CBS signals, but less than $2 per subscriber per month, people with knowledge of the negotiations told Bloomberg News.