Posts by: Steve Birenberg
Merger and acquisition rumors have reemerged as drivers of media stocks after a mutli-year absence. The latest rumor was posted by The Wall Street Journal in a Heard on the…
Media stocks continue to be market leaders in the latest phase of the stock market rally. The market rally is based on improved sentiment and data toward a global economic…
There were no changes to Northlake's Market Cap and Style models for September. The signals remain small cap and value. As a result, all client positions in the Russell 2000…
On Monday, I sold half of Northlake's positions in CBS in each account that holds the stock. My reasoning is that the stock has risen 80% since purchasing it just…
Most media companies report quarterly earnings in a two week span beginning with the last week of the first month of each calendar quarter. Below is a two-part recap of…
CBS reported 8 cents on revenue of $3.01 billion against consensus of 7 cents and $3.05 billion. EBITDA of $387 million was at the top of end expectations and includes…
Discovery Communications reported another positive surprise, making it three straight quarters. Revenue matched expectations but superb performance on costs allowed EBITDA to come at $381 million vs. analyst estimates ranging…
There were no changes to Northlake's monthly Market Cap and Style models for August. The Market Cap model is still recommending small caps and the Style model is signaling Value.…
Disney's (DIS) third-quarter 2009 report looked a lot like its second-quarter 2009 report. Trends remain weak but are not getting any worse. EPS beat by a penny while revenue fell…
Time Warner reported a good 3Q09, beating expectations on most key metrics. EPS of 45 cents exceeded the consensus estimate of 37 cents. Revenues of $6.81 billion fell slightly short…
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