Posts by: Steve Birenberg
New York Times reported terrible 1Q08 results. Adjusted EPS of 4 cents missed the consensus of 14 cents. Revenues of $748 million were a little short of the $752 consensus.…
Cable stocks have acted pretty well this year. Comcast is up a bit and Time Warner Cable is down slightly. Both have easily outperformed the S&P 500. The other large…
News Corporation shares traded down 4.6% on Monday in response to a downgrade from Bernstein Research analyst Michael Nathanson. Nathanson lowered his rating from outperform to market perform, cut his…
The Wall Street Journal wrote a damning and extremely damaging article about one of Northlake's long positions. The story on American Apparel (APP) appeared on the front page of the…
I remain long Disney across Northlake client accounts including my own accounts. Down just 3%, the shares have acted fairly well this year compared to many other media investments, particularly…
Time Warner (TWX) shares are down 10.8% so far this year, lagging most other large cap media stocks. News Corp (NWS) is down 6.1%, Disney (DIS) is down just 3.7%,…
Controversy about monetization of revenue and profits at MySpace has held back shares of News Corp so far this year despite outstanding December quarter earnings, increased guidance for the fiscal…
Apple has staged a strong recovery, rising 33% from its 2008 intraday low in late February. The beta effect during the recent rally certainly has helped but continuing good news…
With all the writing I do on the movie business, sometimes I fear that I miss the big picture. Weekly box office or holiday DVD sales can be important factors…
Merrill Lynch has put out the latest edition of its quarterly report on pricing trends in travel industries. I summarized this report last quarter because it think it offers insights…
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