Over they years I have expanded my universe from media to telecom as the two industries have converged. Technology advancement has triggered the convergence as broadband wireline and wireless networks have changed the business of content creation and distribution. Telecom stocks performed better than the S&P 500 in 2008 although breadth was poor. SNL Kagan’s […]
It’s been a rough year for investors. My own performance has been mediocre with most Northlake clients plus or minus a couple of percent relative to the S&P 500. I think I could have done better but I use a fully invested strategy so it was a very tough to make much progress. Further complicating […]
This is the first of new series of column I will write. Each Monday, I will review media news and notes from the prior week which slipped past my other commentary but may be material for the companies and stocks involved. Let’s call it “Monday Media Musings.” New York Times Red Sox stake for sale […]
I believe the reporting of Apple’s withdrawal form MacWorld after 2009 and Jobs lack of appearance this year was misreported. There is little doubt that it had a major negative impact on Apple shares, however. Here is my take on the situation. The stock reacted very negatively to the MacWorld announcement, immediately falling about $4 […]
AT&T was downgraded to neutral form buy by Goldman Sachs today offsetting the good news from Friday when the company increased its annual dividend by 2.5%. Yes, that is a token amount but it is still a message about the strength of the company’s financial position and the resiliency of its cash flow relative to […]
As noted in Part One, the main message coming out of the conference that was that advertising continues to deteriorate and visibility into 2009 is minimal. This means that for most media companies the risk remains to the downside for earning estimates. Part One contained a reasonable positive review of Time Warner and Discovery Communications, […]
I spent Wednesday in NY while sitting at my desk in Chicago. In a sing of the times, I skipped the UBS Media Conference in a cost saving measure. I’ve gone many years in a row to this well run event. Fortunately, modern technology means I can still “Attend” although the upside in these soirees […]
The Dark Knight debuted strongly on DVD selling 3 million units on its first day. This should be good news for Time Warner although that is mostly because it was not a disappointment. The very top DVD titles continue to sell reasonably well. It is the group just beyond the top ten and the catalog […]
Some fun news from news the world of media: According to the most recent issue of Sports Illustrated, demand for Super Bowl advertising is not showing any weakness. NBC has sold 59 of the 67 30 second spots for an average of $3 million each about the same pace as FOX for last season’s game. […]
Big news in the world of media comes from NBC where Jay Leno will be on NBC 46 to 48 weeks per year every weeknight at 10 PM ET. Jay is giving up The Tonight Show to Conan O’Brien in June. The re are a lot of moving parts but this move is being driven […]
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