Within traditional media, the newspaper and radio industries have been in their own recession for some time. TV is better off for now. Both newspapers and radio are in secular decline due to two major trends. First, the internet is stealing market share from traditional advertising. Newspapers are especially hurt by this trend as classified […]
The Wall Street Journal reported that TV networks, advertisers, and ad buyers are all saying the upfront ad market will be strong this year. The writer’s strike lead to lots of speculation that the upfront would be scrapped or altered but it appears to be going on as usual. Not only is it going on […]
CETV announced a $425 million convertible offering after the close yesterday with a $50 million green shoe. Proceeds will be used to acquire another 30% of its operations in Ukraine, bringing control and 90% ownership. Given its strong balance sheet, CETV didn’t need to raise this money to fund the $210 million Ukraine purchase so […]
There were no changes for March to Northlake’s Market Cap and Style models that I use for ETF allocation. The signals remain mid cap and growth. The mid cap signal remains a weak one that could shift back to large cap next month. The growth signal is moderately strong and got a little stronger last […]
Viacom reported solid results that were at the high end of expectations but I would not call it an upside surprise. Guidance for 2008 was for low double digit EPS growth which would put EPS in line with the current consensus. I think the results and guidance are good enough to support the recently improved […]
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