B. Riley analyst Barton Crockett wrote Monday that the departure of CBS Corp. CBS, -1.53% Chief Executive Les Moonves amid sexual-harassment allegations was "quickly easing uncertainties" around the stock and would "lessen near-term angst." He argued that the company will be able to survive without Moonves at the helm, as other TV-network groups have been able to continue "strong performance" following the resignations of "vaunted, tainted" stars. Barton also discussed National Amusements Inc.'s agreement that it wouldn't force a combination of CBS and Viacom Inc. VIAB, +0.31% for the next two years. He thinks there's a possibility that AT&T Inc. T, +0.84% or Verizon Communications Inc. BZ, +0.00% might find CBS attractive as telecommunications companies overall get more serious about content. CBS shares are down 2.4% in Monday's session, and they're off 8% over the past 12 months. The S&P 500 SPX, +0.19% has gained 17% in that time.
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