Univision Sale Supports Upside in CETV But Has Few Other Ramifications

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The Univision (UVN) auction came grinding to an end with announcement that the company would be sold for $36.50 per share or $12.3 billion. The private equity financed buyers will also assume debt of $1.4 billion. After adjusting for acash and other assets, the total value of the deal is about $13 billion. Analysts estimate […]

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Mid-Year Updates Provide Little Cheer For Newspaper Stocks

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Newspapers companies presented to analysts last week in the annual mid-year review. I did not attend the meetings or listen in on any webcasts but I did review several summary reports prepared by analysts including Lauren Fine of Merrill Lynch and Mark Fenton of Citigroup. Overall, the presentations gave little hope for the short-term other […]

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