Whenever something new and unusual comes along in business, it is easy to claim that it is an industry changing event. The of Borat is already spawning such talk. One thread of the discussion centers on whether Hollywood will now turn to “mocumentaries” or TV to movie crossovers. A second thread is whether the success […]
Tomorrow, I expect Central European Media Enterprises (CETV) to report another strong quarter in its seasonally weak 3Q. Romania and Ukraine will again be the growth engines but the big story will be the turnaround at TV Nova in the Czech Republic. In 1H06, CETV reset expectations and initiated a new strategy at Nova designed […]
CBS Corporation (CBS) reported 3Q EPS that mostly matched street expectations. EPS of 42 cents were 2 cents above consensus but revenues of $3.38 billion fell about $50 million short of estimates. EBITDA results were favorable, up 3%, a little ahead of expectations for a 1% gain. With revenues short of expectations and EBITDA above, […]
Both Northlake’s Market Cap and Style models sent new signals for November. The Market Cap model moved from large cap to mid cap and the Style Model went back to growth from value. The mid cap signal is fairly weak, while the growth signal is moderately strong. As a result of the new signal, I […]
Time Warner (TWX) reported 3Q06 results that were largely inline with consensus estimates. The shares initially traded down about 2% on a sell the news reaction with investors likely focusing on slightly lower than expected segment results at the company’s Cable business. Cable is the largest division by far and the only one with a […]
I haven’t written much about Lionsgate (LGF) since my ill-timed sale this spring when the shares were 25% lower. Obviously, I am annoyed at the poor timing of my sale but I still don’t trust (or maybe don’t understand) the numbers that are flowing the company’s income statement, balance sheet, and cash flow statement. Anyhow, […]
Buyout news makes the 3Q06 report this morning from Clear Channel (CCU) pretty irrelevant as far as the stock price is concerned. Nevertheless, as a leading media industry company, the results are worth reviewing. Overall, the company reported results that were largely in line with analyst estimates with revenues rising 7% to $1.8 billion. EPS […]
Regal Entertainment (RGC) reported better-than-expected third-quarter 2006 earnings. Revenue of $675 million rose 7.5% ahead of the consensus estimate of $650 million. Good performance on expenses allowed the incremental revenue to flow through the income statement as adjusted earnings before interest, tax, debt and amortization rose 14%. EPS came in at 20 cents, ahead of […]
In what will likely be its final quarter as a public company, BellSouth (BLS) reported solid quarterly earnings beating estimates on the back Cingular and revenue and margin upside in its wireline business. The results support a continued bullish outlook for AT&T (T) over the next six months as the merger closes and synergies favorably […]
AT&T (T) reported adjusted 3Q06 EPS of 63 cents, ahead of the 58 cent consensus estimate. 2 cents of the upside was widely expected following the strong earnings report from Cingular last week. Another 2 cents came from a reduction in operating expenses in prior periods that hit this quarter. Consequently, despite the positive surprise […]
