Broadcasting & Cable TV

Shares of Netflix (NASDAQ: NFLX) are down over 1% today, as Dish Network (NASDAQ: DISH) announced it had won the auction for Blockbuster's assets, paying some $320 million for them. Some have speculated that Dish Network could introduce a streaming option to compete with Netflix, which offers a...

Gabelli is out with its report today on Sirius XM Radio (NASDAQ: SIRI), upgrading SIRI from Hold to Buy. In a note to clients, Gabelli writes, "Since inception in 2000, satellite radio has never increased its subscription price despite the addition of new content. Sirius customers are loyal: 1.9%...

Gabelli has upgraded Sirius XM (NASDAQ: SIRI) from Hold to Buy.

Dish Network Corp. (NASDAQ: DISH) said today that it had won an auction for most of Blockbuster's assets, by bidding $320 million for the assets. According to the Wall Street Journal, Dish Network's bid beat out competing bids from a group led by Carl Icahn, and a group led by Monarch Alternative...

Diamond Foods Inc (NASDAQ: DMND) was downgraded by BB&T Capital from "buy" to "hold." DMND's shares closed at $61.06 yesterday. Diamond Foods' trailing-twelve-month profit margin is 4.41%. Morgan Stanley downgraded Cablevision Systems Corporation (NYSE: CVC) from “equal weight” to “under...

Morgan Stanley is out with its report today on CBS Corp. (NYSE: CBS), raising its PT from $27 to $28. In a note to clients, Morgan Stanley writes, "Ratings strength at the CBS network, growing retransmission fees and key cost initiatives should lead to upside to consensus EPS over the next several...

Morgan Stanley is moving to a relative Underweight on Cablevision Systems (NYSE: CVC) and reducing the PT to $36 as valuation appears full and 4Q results leaves it concerned over '11 growth. Morgan Stanley continues to like CVC's buybacks and equity shrink, the planned spin of Rainbow, which...

Sirius XM Radio Inc. (NASDAQ: SIRI) today announced that it has increased the purchase price offered in its tender offer for any and all of its outstanding 3-1/4% Convertible Notes due 2011 to $1,010 per $1,000 principal amount of Notes tendered, plus accrued and unpaid interest up to, but not...

Sirius XM Radio (NASDAQ: SIRI) Increases Purchase Price Of 3-1/4% Convertible Notes Expiring 2011.

Pre-open movers US stock futures are higher this morning, as investors are awaiting quarterly results from Monsanto Co (NYSE: MON). Gold futures surged to a new high. Futures for the Dow Jones Industrial Average surged 68 points to 12,395.00, while those for the S&P 500 index rose 8.70 points...

Blockbuster(BLOAQ) receives $310.6M bid from Icahn. Dish Network (NASDAQ: DISH) takes second.

Blockbuster (BLOAQ) will not receive any further bids from SK Telecom (NYSE: SKM) but there has been an offer of $307.1M from Dish Network (NASDAQ: DISH).

Blockbuster (OTC: BLOAQ) auction has five qualified bids in auction for assets. Lawyer says, "highest bid is from Dish Network (NASDAQ: DISH)... Icahn Group gave second highest bid... the auction will take bids in $1M increments."

Blockbuster (OTC: BLOAQ) auction will begin with DISH Network (NASDAQ: DISH) bid.

Morgan Stanley reiterates its OW rating on Scripps Networks Interactive (NYSE: SNI), which has lagged Media peers by roughly 15% YTD. Morgan Stanley expects that accelerating ad growth in 1Q and continued scatter momentum in 2Q should help reverse some of this underperformance. Further upside to...