Sunday, April 19, 2009 7:51:04 AM
CBS shares rose sharply on Friday as comments made by Gannett Co. Inc. (GCI: 3.8, 0.23, 6.44%) and Media General Inc. (MEG: 2.6301, -0.3298, -11.14%) indicated that the advertising market may be stabilizing. CBS is one of the more advertising revenue dependent media companies and the optimistic comments drove the stock up $1.11 to $6.70, a 19.8% gain.
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