There is some potentially positive news out of the Czech Republic for Central European Media Enterprises (CETV). Yesterday, the Czech parliament passed a law that will gradually phase out TV advertising on the two government-owned stations. It is not certain that this law will ultimately go into effect. However, if it does it is a […]
LGF reported earnings for its fourth fiscal quarter of 2005 ending March 31, 2005 last night and conducted a conference call this morning. Overall, I found the results to be excellent, easily supporting the current valuation on the shares. Revenues were very strong reflecting the success the company had at the box office in the […]
I bought shares in Sears Holdings (SHLD) (formerly KMart) on Monday for the first time in six months following the sharp pullback in the stock after the company reported first-quarter earnings. Current holdings were maintained as the new shares were placed in client accounts who had not previously owned SHLD. When it was issued, I […]
Following comments on the last quarterly conference from Bob Iger, speculation has increased that Disney (DIS) may be looking to sell its radio stations and the ABC Radio Network. Recent articles in trade magazines and The Wall Street Journal leave the impression that the division is being shopped, or at least it is being made […]
The annual upfront television advertising market moved close to conclusion last week for the broadcast television networks. ABC, CBS, and FOX all announced their sales. Only NBC, which is in the weakest position due to a 15% decline in ratings last TV season, has yet to wrap up its sales. The upfront market is when […]
Crash lost 400 screens for this weekend and is down to about 900 screens. With the film’s theatrical run winding down, I thought it would be worthwhile to provide a final review of the very favorable economics and also peak into the future for Lions Gate Entertainment (LGF). LGF shares have performed well on the […]
I was surprised by the market’s strong response to the news story that Apple Computer (AAPL) was considering using Intel (INTC) chips in future Macs. I think part of the upside was short-covering as the stock was gapping up above its highs since the collapse after the last quarterly earnings report. The gap up also […]
Motorola (MOT) shares have finally gotten moving after an initial lull following the company’s excellent first-quarter earnings report and increased guidance. A combination of factors have led to the move in the stock including the announcment of a larger than expected share buyback. In my review of MOT’s first quarter earnings, I mentioned a share […]
Central European Media Enterprises (CETV) shares have rallied sharply since the company announced it would be holding a follow-up a conference call to expand and better explain the 2005 guidance it gave on its 1Q05 conference call. CETV shares fell sharply after 1Q earnings and guidance were issued. The 1Q numbers were a bit light […]
With all the market craziness and earnings reports, I failed to provide a follow-up regarding the first quarter earnings report for NTL (NTLI). As I expected, it was a sloppy quarter. However, as I hoped, management confirmed its subscriber guidance which suggests the worst is past. In fact, subscriber growth in the first quarter was […]
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