The box office boom is clearly a plus for theater owners how collect about 45% of ticket revenues and get more high margin concession sales. For studios, the boom is not clear cut. It depends on which studios and are producing the hits and most importantly, the profitability of individual films and the overall annual […]
I’ll bet you would be shocked to learn that there is a media stock trading above its mid-September, pre-crash levels. It’s true. Discovery Communications (DISCA) is up about 5% thanks to a restructuring from a tracking stock to a regular stock, two positive quarterly earnings surprises, strong ratings for its TV networks, and still positive […]
I was hoping for a stronger defense by the analyst community after NIHD fell 18% yesterday following pre-announcement of lower than expected 1Q09 subscriber growth. The stock caught two downgrades and one analyst who has a buy lowered his price target. Goldman reiterated the buy noting that the change was minimal relative to its own […]
The WSJ is reporting that TWX has asked bondholders for consent to amend covenants. The amendments essentially switch collateral on the bonds from AOL to HBO. The idea is to set up AOL for a spin-off as a debt-free company. I’ve written often on TWX noting that any divestiture of AOL will be positive for […]
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