Watch CBS More Than Viacom By Jim Cramer About this article: When Viacom split up, it created the perfect growth security. Except it wasn't the one management thought the Street would embrace. It's CBS, not Viacom. I chatted last night with a hedge fund analyst about Viacom and CBS and, as is typical, he loved Viacom for its growth. I listened politely, of course, because I have become a statesman, but the young guy didn't get it. Wall Street's a changed place. We want dividend growth, a sign of sustenance and substance. We want to get the free money and we will sacrifice getting where we need to go speedily for that security blanket. That's what Les Moonves is giving the Street: a company with very solid prospects and excess divisions that he is just beginning to address. In the meantime, you have to admit that CBS is the other media story that the Street likes right now, McGraw-Hill being... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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