-
Bank of America Merrill Lynch Reiterates Buy on CBS
Friday, July 1, 2011 - 8:13am | 106Bank of America Merrill Lynch is out with its report today on CBS (NYSE: CBS), reiterating Buy. In a note to clients, Bank of America Merrill Lynch writes, "Despite the absence of the Super Bowl and even-year political dollars in CY11E, CBS' underlying adv. strength, improved cost structure and...
-
Goldman Sachs Sets Price Target Of $25 On Cablevision
Friday, July 1, 2011 - 8:10am | 80According to Goldman Sachs, Cablevision Systems (NYSE: CVC) estimates are updated to reflect the spin of AMC Networks. Pro forma, the new 2011-2013 CVC EPS is now $1.23/$1.33/$1.69 (from $1.45/$1.64/$2.12 previously). Goldman Sachs said that its 12-month PT is $25 (from $29), as negative impacts...
-
Stocks to Watch for 07/1/11: Fresh 52 Week Highs and Lows
Friday, July 1, 2011 - 4:16am | 2869Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...
-
Shaw Communications Acquires Assets of Sun Country Cablevision
Thursday, June 30, 2011 - 4:36pm | 52Shaw Communications (NYSE: SJR) today announced that it completed its acquisition of the cable system assets of Sun Country Cablevision and its affiliated companies Armstrong Cablecom Ltd. and Enderby Cablecom. The Sun Country Cablesystems are located in the central interior region of British...
-
Gilford Securities Has Hold On Entercom Communications
Thursday, June 30, 2011 - 4:27pm | 37Gilford Securities has a Hold rating and a $9 price target on shares of Entercom Communications (NYSE: ETM). Shares of ETM gained 68 cents today to close at $8.68, a gain of 8.50%.
-
Are Howard Stern's Fart Jokes Worth $600 Million?
Thursday, June 30, 2011 - 2:05pm | 147When is $600 million not enough? When you're Howard (Effin') Stern, of course. Stern is still suing Sirius Radio (NASDAQ: SIRI) for performance bonuses he claims are due to him. Sirius claims Stern did not meet the performance metrics it set out for him, while Stern claims he did. The shock jock...
-
UPDATE: Deutsche Bank Raises PT on CBS to $35
Thursday, June 30, 2011 - 9:07am | 110Deutsche Bank is out with its report today on CBS (NYSE: CBS), raising its PT from $32 to $35. In a note to clients, Deutsche Bank writes, "We continue to believe expectations are too low relative to the potential for the growth in retrans/reverse retrans ($1b/yr by 2017), terrific cost control,...
-
Stifel Nicolaus Initiates CBS At Hold
Thursday, June 30, 2011 - 8:23am | 22Stifel Nicolaus has initiated coverage on CBS Corporation (NYSE: CBS) with a Hold rating.
-
Scripps Networks Interactive Announces $1B Share Repurchase Program
Thursday, June 30, 2011 - 7:32am | 113Scripps Networks Interactive Inc. (NYSE: SNI) announced that its Board of Directors has authorized a $1 billion share repurchase program. As part of this program, the company agreed to repurchase 6,430,027 shares of its Class A Common Shares for approximately $300 million, or $46.66 per share,...
-
Deutsche Bank Raises PT On CBS To $35
Thursday, June 30, 2011 - 7:19am | 27Deutsche Bank has raised the price target on CBS Corporation (NYSE: CBS) from $32 to $35 and maintains its Buy rating.
-
Shaw Announces Redemption by Shaw Media of 13.5% Senior Notes Due 2015
Wednesday, June 29, 2011 - 2:19pm | 72Shaw Communications Inc. (NYSE: SJR) announced today that its subsidiary Shaw Media Inc. intends to redeem all of its outstanding US$260,380,000 face amount of 13.5% Senior Notes due 2015, which notes have a total Accrued Value of approximately US$282 million. The redemption date is August 15,...
-
US Stock Futures Up; All Eyes On Greek Vote, Home Sales Data
Wednesday, June 29, 2011 - 6:16am | 397US stock futures are higher this morning, as investors are awaiting results from General Mills (NYSE: GIS) and home-sales data. The Greek parliament is scheduled to vote on the austerity measures. Futures on the Dow Jones Industrial Average surged 19 points to 12,160.00 and futures on the S&P...
-
Earnings Scheduled For June 29
Wednesday, June 29, 2011 - 12:49am | 304Family Dollar Stores Inc (NYSE: FDO) is projected to post its Q3 earnings at $0.95 per share on revenue of $2.17 billion. Acuity Brands Inc (NYSE: AYI) is estimated to report its Q3 EPS at $0.63 on revenue of $447.59 million. General Mills (NYSE: GIS) is expected to report its Q4 EPS at $0.52 on...
-
Nexstar Broadcasting Enters into Long-Term Affiliation Agreement with ABC
Tuesday, June 28, 2011 - 4:02pm | 83Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) announced today that it has entered into a long-term agreement with the ABC Television Network for nine of its owned or operated stations. As part of the agreement, Nexstar also announced that WFXW-TV in Terre Haute, Indiana will become that market's...
-
Nexstar Broadcasting Enters into Long-Term Affiliation Agreement with ABC
Tuesday, June 28, 2011 - 4:01pm | 273Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) announced today that it has entered into a long-term agreement with the ABC Television Network for nine of its owned or operated stations. As part of the agreement, Nexstar also announced that WFXW-TV in Terre Haute, Indiana will become that market's...