CBS shares popped nicely upward following its 1Q08 earnings report. Results exceeded analyst estimates and were accompanied by an 8% dividend boost. Despite the better than expected results, management only reiterated guidance. Either they are playing it conservative or they are implying that trends for the remainder of they ear may be a little below […]
As I mentioned yesterday, former Northlake long Regal Entertainment shares caught a downgrade after reporting an inline quarter late last week. The stock moved up the first day but after the downgrade on Friday more than eliminated the gains. I have yet to read the downgrade but I suspect it had to do with the […]
Earnings season for media companies began in earnest last week and really picks up this week. Among major companies, CBS, Time Warner, Viacom, and Comcast report this week. Smaller companies reporting include Northlake long positions Rogers Communications and Central European Media Enterprises, as well as Dreamworks Animation. There were a couple of noteworthy reports last […]
NII Holdings (NIHD) 1Q08 results were at the high end of expectations pretty much across the board. Given many worries that had cut the stock in half in the last six months, the results provided relief. The shares rose 8% yesterday, building on a recovery that is now approaching 50% from the February low. I […]
Apple reported excellent 2Q08 results with revenues and EPS exceeding estimates. Guidance is good by Apple standards with revenues above street estimates and EPS just 10 cents below the street. Analysts and investors will pick apart the numbers and conference call commentary but the bottom line is that this quarter, the conference call, and the […]
Here is the series of posts I made on RealMoney.com yesterday after crunching Apple’s numbers but before the conference call Q&A started: 4:49 PM EST: Good and and I like the guidance being in line with consensus. Tax rate was low adding 4 cents to EPS. That probably is why the stock has pulled back. […]
It is has been a long fall from grace for Gannett. Still regarded as one of the best managed media companies and clearly regarded as the best managed newspaper company, GCI’s 1Q08 earnings report came and went with barely a notice. I suppose that is not all bad since the numbers were no good and […]
Apple reports 2Q08 earnings after the close on Wednesday, April 23rd. I’ll be covering the conference call for RealMoney.com. Here is the preview I wrote for them which was published today: Before Tuesday’s shellacking I was planning to say that the sharp upward move in Apple shares had raised the bar unrealistically high heading into […]
Disney announced a new production studio, Disneynature. The studio will produce major motion picture documentaries “about the world in which we live.” The first film, titled “Earth,” will be released on Earth Day 2009. The film is being produced by the BBC and members of same team that created the Planet Earth series. The press […]
Central European Media Enterprises (CETV), recommended by Jim Cramer last Friday on Mad Money announced that it is acquiring two radio stations in Romania. Until this point, CETV has been 100% focused on TV other than developing an internet presence in each of its TV markets (Czech Republic, Slovakia, Slovenia, Ukraine, Romania, and Croatia). The […]
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