Shares of NTL Incorporated got a well deserved 5% spanking yesterday after last week’s rumors of the company’s interest in a takeover of leading UK broadcaster ITV apparently turned into reality. UK newspapers are reporting that NTL will offer about $9 billion for ITV or roughly 13 times 2007 EBITDA estimates. NTLI shares are now […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2006-11-14 11:08:182026-03-17 17:01:09NTL Bidding For ITV: A Bad Idea
4Q06 earnings from Disney (DIS) left open the debate over whether the company ‘s four year string of double digit operating income growth is about to come to and end. With DIS shares are a premium to other diversified media conglomerates, a premium earned by the company’s outstanding performance the last few years, the FY07 […]
Disney (DIS) reported strong 4Q06 earnings. EPS of 36 cents compared to a rising 33 cent consensus and revenues of $8.8 billion were ahead of the consensus estimate of $8.7 billion. Segment level results were as good as or better than expected across the board with particular strength in Studio Entertainment and Theme Parks. Despite […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2006-11-10 13:19:462026-03-17 17:01:09Disney Numbers Are Good But Sell The News Wins Out
Despite the extremely negative stock price action, I found Central European Media Enterprises (CETV) Q06 earnings report to be quite good. Good enough, in fact, to use the weakness to add CETV to some brand new accounts. I have spoken with company, several street analysts, and one of the major shareholders and all agree that […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2006-11-10 10:05:542026-03-17 17:01:09Good Quarter For CETV But Someone is Unhappy
NTL Incorporated (NTLI) reported mixed 3Q results yesterday. I feel the details are worse than the optimistic tone management had used during several recent Wall Street appearances but I understand why the market did not seem concerned. NTLI reported flat revenue growth and low single digit growth in EBITDA in its core consumer cable operations. […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2006-11-08 15:22:162026-03-17 17:01:10NTL Likely To Limp Along Awaiting Success of Virgin Rebranding
Disney (DIS) is expected to report strong 4Q06 earnings to wrap up its fourth consecutive year of double digit EPS growth. EPS are expected at 33 cents on revenues of $8.69 billion. The EPS comparison would represent growth of 43% against an easy comparison a year ago when $300 million in losses were recognized at […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2006-11-08 12:47:002026-03-17 17:01:10Another Strong Quarter On Tap For Disney But 07 Is What Matters
I see little impact from Q06 results from Cablevision (CVC), either on CVC or on the broader cable industry. The company’s results were very close to consensus estimates with revenues rising 13% and EBITDA rising 16%. Subscriber metrics look a little below expectations for high speed data and digital TV but analysts didn’t seem too […]
The launch of a newspaper industry ad buying marketplace by Google (GOOG) is an interesting development. Studies have shown that newspapers only reach a fraction of the potential advertisers within their geography. I read one study that said it was as low of 20% of potential advertisers. Most of the advertisers that aren’t using newspapers […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2006-11-08 10:45:072026-03-17 17:01:10Google Throws A Lifeline to the Newspaper Industry
Whenever something new and unusual comes along in business, it is easy to claim that it is an industry changing event. The of Borat is already spawning such talk. One thread of the discussion centers on whether Hollywood will now turn to “mocumentaries” or TV to movie crossovers. A second thread is whether the success […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2006-11-08 10:43:362026-03-17 17:01:10Should We Believe The Hype on Borat?
Tomorrow, I expect Central European Media Enterprises (CETV) to report another strong quarter in its seasonally weak 3Q. Romania and Ukraine will again be the growth engines but the big story will be the turnaround at TV Nova in the Czech Republic. In 1H06, CETV reset expectations and initiated a new strategy at Nova designed […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2006-11-08 10:37:302026-03-17 17:01:10Looking For A Good Quarter and Optimistic Guidance from CETV
NTL Bidding For ITV: A Bad Idea
Shares of NTL Incorporated got a well deserved 5% spanking yesterday after last week’s rumors of the company’s interest in a takeover of leading UK broadcaster ITV apparently turned into reality. UK newspapers are reporting that NTL will offer about $9 billion for ITV or roughly 13 times 2007 EBITDA estimates. NTLI shares are now […]
Disney’s Swing Factors for 2007
4Q06 earnings from Disney (DIS) left open the debate over whether the company ‘s four year string of double digit operating income growth is about to come to and end. With DIS shares are a premium to other diversified media conglomerates, a premium earned by the company’s outstanding performance the last few years, the FY07 […]
Disney Numbers Are Good But Sell The News Wins Out
Disney (DIS) reported strong 4Q06 earnings. EPS of 36 cents compared to a rising 33 cent consensus and revenues of $8.8 billion were ahead of the consensus estimate of $8.7 billion. Segment level results were as good as or better than expected across the board with particular strength in Studio Entertainment and Theme Parks. Despite […]
Good Quarter For CETV But Someone is Unhappy
Despite the extremely negative stock price action, I found Central European Media Enterprises (CETV) Q06 earnings report to be quite good. Good enough, in fact, to use the weakness to add CETV to some brand new accounts. I have spoken with company, several street analysts, and one of the major shareholders and all agree that […]
NTL Likely To Limp Along Awaiting Success of Virgin Rebranding
NTL Incorporated (NTLI) reported mixed 3Q results yesterday. I feel the details are worse than the optimistic tone management had used during several recent Wall Street appearances but I understand why the market did not seem concerned. NTLI reported flat revenue growth and low single digit growth in EBITDA in its core consumer cable operations. […]
Another Strong Quarter On Tap For Disney But 07 Is What Matters
Disney (DIS) is expected to report strong 4Q06 earnings to wrap up its fourth consecutive year of double digit EPS growth. EPS are expected at 33 cents on revenues of $8.69 billion. The EPS comparison would represent growth of 43% against an easy comparison a year ago when $300 million in losses were recognized at […]
Cablevision Reports Inline: Implications Limited
I see little impact from Q06 results from Cablevision (CVC), either on CVC or on the broader cable industry. The company’s results were very close to consensus estimates with revenues rising 13% and EBITDA rising 16%. Subscriber metrics look a little below expectations for high speed data and digital TV but analysts didn’t seem too […]
Google Throws A Lifeline to the Newspaper Industry
The launch of a newspaper industry ad buying marketplace by Google (GOOG) is an interesting development. Studies have shown that newspapers only reach a fraction of the potential advertisers within their geography. I read one study that said it was as low of 20% of potential advertisers. Most of the advertisers that aren’t using newspapers […]
Should We Believe The Hype on Borat?
Whenever something new and unusual comes along in business, it is easy to claim that it is an industry changing event. The of Borat is already spawning such talk. One thread of the discussion centers on whether Hollywood will now turn to “mocumentaries” or TV to movie crossovers. A second thread is whether the success […]
Looking For A Good Quarter and Optimistic Guidance from CETV
Tomorrow, I expect Central European Media Enterprises (CETV) to report another strong quarter in its seasonally weak 3Q. Romania and Ukraine will again be the growth engines but the big story will be the turnaround at TV Nova in the Czech Republic. In 1H06, CETV reset expectations and initiated a new strategy at Nova designed […]