One of the theories behind breaking up Tribune (TRB) is that the broadcast television assets are worth a significant premium to the current valuation of TRB shares. Recent TV station sales support this idea but an article last week in the Wall Street Journal there outlined the pressure that local TV stations are feeling. It […]
On Thursday, LionsGate Entertainment (LGF) reported mixed 4Q06 results and announced 2007 guidance which was inline with expectations. The shares are responded well initially, rising more than 3%. After almost a year of disappointing financial results, I think the rally in the shares is more a function of relief than the result of any important […]
On top of the slightly weaker than expected opening for Cars, Disney caught a downgrade from Citigroup which has the shares down about 3% this morning. However, the downgrade had nothing to do with Cars. Rather it was totally predicated on the analyst’s expectation that theme park revenues and operating income would fall well short […]
Cars opened at the low end of expectations with $63 million failing to provide a catalyst I had been counting on for Disney (DIS). I think the opening will hurt sentiment for DIS stock because it will make it easy for naysayers to get traction with the “they overpaid for Pixar” theme. However, DIS shares […]
The Wall Street Journal had another front page article on Thursday about Tribune (TRB), followed by a Heard on the Street column on Friday. Both articles suggest a potential restructuring or sale of Tribune (TRB) might be more likely than I had assumed. My key takeaway from the latest articles is that TRB’s future could […]
The Wall Street Journal reported on Wednesday about some interesting developments at Tribune (TRB). The three Board members nominated by the Chandler family voted against the company’s plan to buy back 25% of the shares outstanding. The Chandler family controls 12% of TRB shares that were acquired via their sale of Times Mirror. It is […]
Disney (DIS) made a new 52 week high in Monday’s abysmal market, likely anticipating this coming weekend’s opening of Cars. I think the Cars hype is also helping Regal Entertainment (RGC) which has performed relatively strongly the last few sessions. Northlake remains long both stocks although DIS is approaching my target for considering a sale. […]
This story from BroadbandTVNews.com caught my eye: The Serbian Pink media group has set its sights on the Croatian national commercial station Nova TV. Speaking during a visit to Zagreb, the group’s owner Zeljko Mitrovic said he had sent a letter of intent to the owners of Central European Media Enterprises (CETV) backed Nova TV […]
I am not sure what to make of this but last week two separate reports surfaced about heavy buying of NTL call options. Here is the comment that appeared on StreetInsight.com: U.K. based media company NTL Holdings (NTLI-$27) is trading almost 8 times its average daily call option volume today, with over 9,000 contracts changing […]
In a post yesterday on Real Money, my colleague Jim Cramer noted that despite massive sell-offs in equity markets in Brazil and India, he wasn’t yet seeing any real weakness in the fundamentals for either economy. I think Jim’s comments probably go beyond Brazil and India to include most other emerging markets. Of course, a […]
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