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Deutsche Bank Reiterates Buy Rating On CBS In Advance Of 1Q11 Numbers
Friday, April 8, 2011 - 9:39am | 118Deutsche Bank, previewing CBS Corp. (NYSE: CBS) 1Q11 expectations, has reaffirmed its Buy rating and maintains its PT at $28. In the report, Deutsche Bank has also raised its estimates for CBS, saying, “We are raising 1Q11E by $0.02 to $0.20, 2011E by $0.05 to $1.59 and 2012E by $0.05 to $2.07....
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Gabelli Comments On Nexstar Agreement To Purchase Two TV CBS Affiliates
Friday, April 8, 2011 - 9:28am | 146According to Gabelli, Nexstar Broadcasting Group (NASDAQ: NXST) announced an agreement to purchase two TV CBS affiliates – WFVR, Green Bay and WJMN, Marquette from Liberty Media for $20 mm ($17.5 mm cash, $2.5 mm in NXST stock). Gabelli reported that it thinks both transactions are positives for...
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Benchmark Comments On Nexstar Acquisitions
Friday, April 8, 2011 - 7:17am | 106According to Benchmark, Nexstar Broadcasting Group (NASDAQ: NXST) announced the acquisition of two CBS affiliates (Green Bay, WI and Marquette, MI) from Liberty Media (LINTA-Not Rated) yesterday for $17.5 million in cash and $2.5 million in stock. Benchmark reported that the $20 million...
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Time Warner Cable Seeks Declaratory Judgment on Rights for iPad Use Within the Home
Thursday, April 7, 2011 - 3:47pm | 89Time Warner Cable (NYSE: TWC) today announced that it has filed a request for declaratory judgment relating to Viacom cable networks. The request asks the court to rule that Time Warner Cable's rights under its carriage agreement allows it to deliver the programming of this company over its cable...
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Dish Deal With Blockbuster Officially Approved By Bankruptcy Judge (DISH, BLOAQ)
Thursday, April 7, 2011 - 11:55am | 27Dish (NASDAQ: DISH) deal with Blockbuster (BLOAQ) officially approved by bankruptcy judge.
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Wunderlich Downgrades DISH Network To Sell, PT To $21
Thursday, April 7, 2011 - 8:28am | 27Wunderlich Securities has downgraded DISH Network (NASDAQ: DISH) from Hold to Sell and has lowered the price target to $21.
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Top 4 Stocks In The Broadcasting-TV Industry With The Lowest PEG Ratio (CTCM, CBS, SNI, TV)
Thursday, April 7, 2011 - 12:27am | 118Below are the top broadcasting-TV stocks on the NYSE and the NASDAQ in terms of PEG ratio CTC Media Inc (NASDAQ: CTCM) has a PEG ratio of 0.29. CTCM's trailing-twelve-month operating margin is 40.07%. CBS Corporation (NYSE: CBS) has a PEG ratio of 0.99. CBS' trailing-twelve-month revenue is $14....
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Zings Of The Day (BA, DISH)
Wednesday, April 6, 2011 - 3:58pm | 104Boeing (NYSE: BA) engineers said they did not figure the joints holding the skin in place on their 737 jets would wear so soon. Maybe they should've used Instaflex. That would've solved everything. Dish Network Corp. (NASDAQ: DISH) won a bankruptcy auction for Blockbuster Inc. today, paying...
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What Can Dish Network Do With Blockbuster? (DISH, BLOAQ, BLOBQ)
Wednesday, April 6, 2011 - 3:19pm | 820Dish Network (NASDAQ: DISH) is now the proud owner of a shiny and new – I mean tarnished and old – video rental chain! Isn't it exciting? After dropping $320 million to acquire Blockbuster (BLOAQ) (BLOBQ), Dish is now faced with a lot of choices, most notably: what can be done with the 1,700+...
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Will Netflix Have A Real Competitor Now? (NFLX, DISH)
Wednesday, April 6, 2011 - 1:39pm | 118Shares 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...
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Stocks Going Ex Dividend the Second Week of April
Wednesday, April 6, 2011 - 9:59am | 742Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Gabelli Upgrades Sirius XM Radio to Buy (SIRI)
Wednesday, April 6, 2011 - 9:28am | 104Gabelli 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%...
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Gabelli Upgrades Sirius XM To Buy
Wednesday, April 6, 2011 - 8:41am | 19Gabelli has upgraded Sirius XM (NASDAQ: SIRI) from Hold to Buy.
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Dish Network Acquires Most Of Blockbuster's Assets (DISH)
Wednesday, April 6, 2011 - 8:28am | 164Dish 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...
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Benzinga's Top Downgrades (DMND, CVC, CVLT, AMSC)
Wednesday, April 6, 2011 - 8:17am | 138Diamond 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...