Well, that didn’t last very long! Newspaper and radio stocks soared on Monday in response to Jeff Smulyan’s plan to take Emmis Broadcasting private. EMMS shares quickly went above the offer price and investors jumper on radio and newspaper stocks, apparently seeing the EMMS deal as a sign of value for depressed traditional media assets. […]
Results from Disney (DIS) look awfully good to me. EPS came in at 37 cents against consensus of 31 cents. I only see a 1 cent benefit from a lower than expected tax rate so it looks like a clean beat to me. Revenues were $8.03 billion vs. consensus of $8.18 billion, yet despite the […]
NTL Incorporated (NTLI) reported 1Q06 earnings as expected including the hoped for acceleration in cost savings synergies from its merger with Telewest. Investors are responding favorably to the report and follow-up conference call, moving NTLI shares 2-3% higher. I think the stage is set for NTLI shares to move into the mid $30s or higher […]
Viacom (VIAB) is expected to report weak 1Q06 results due to tough comparisons in 1Q05. Revenue growth is forecast at about 5% with EBITDA rising just 0-2%. Despite the weak start to the year, analysts expect revenue and EBITDA to grow by low double digits for all of 2006. 1Q EPS are expected at 39 […]
Cablevision (CVC) shares are up sharply after the company reported better than expected 4Q05 results and announced 2006 guidance for its cable division that is above current analyst estimates. As the conference call begins, CVC shares are up 5% and dragging Comcast (CMCSA/K), up over 1% along for the ride. Wall Street may hate cable […]
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