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 […]
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