There was a lot less discussion of the Sirius Satellite (SIRI) – XM Satellite (XMSR) merger announcement on Real Money, Street Insight andother business news sources than I expected. I suppose that is because it was a long rumored and well analyzed potential deal and analysts feel that the odds of FCC and Department of […]
Credit Suisse had an interesting report earlier this week about the radio industry that has broader implications. The thesis was that radio operators should establish signficant quarterly dividends as the best use of still substantial, if no longer growing, free cash flow. Dividends were preferred relative to share repurchases or just holding cash. Among the […]
Buyout news makes the 3Q06 report this morning from Clear Channel (CCU) pretty irrelevant as far as the stock price is concerned. Nevertheless, as a leading media industry company, the results are worth reviewing. Overall, the company reported results that were largely in line with analyst estimates with revenues rising 7% to $1.8 billion. EPS […]
The New York Times and Goldman Sachs were both out recently with analysis of the radio industr. Commentary in both reports was generally negative, noting the lack of advertising growth and the loss of usage share to other media such as the Internet radio and iPods. The Goldman Sachs report had some very interesting data. […]
I am not a fan of the satellite radio stocks although I am an extremely happy and enthusiastic Sirius subscriber. I never listen to CDs or the radio in my car since getting Sirius two years ago. My issue with the satellite radio stocks has been valuation relative to the cost of obtaining and maintaining […]
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