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Deutsche Bank Talks About Ad Sales On TV (CBS)
Monday, October 18, 2010 - 7:06am | 119Deutsche Bank is not as positive as it expected on the ad sales from TV, but growth is still there. In the report, Deutsche Bank discusses CBS Corp. (NYSE: CBS), which it rates at Hold, and a $18 price target. In the research note, Deutsche Bank states, "For TV Stations, the headline growth rate...
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Content-Centric Subscribers Should Benefit Buy-Rated DTV, Goldman Sachs Reports
Friday, October 15, 2010 - 8:14am | 123In a 3Q preview of communication services, Goldman Sachs reports that exposure to higher end, and content-centric subscribers should benefit Buy-rated DirecTV (NASDAQ: DTV), while the lower end of the market remains under pressure -- DISH Network Corporation (NASDAQ: DISH) being at risk. Speaking...
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China Cablecom Holdings, Ltd. Reports Second Quarter Results; Revenue Increases 30% Year-Over-Year
Friday, October 15, 2010 - 8:09am | 158China Cablecom Holdings, Ltd. (Nasdaq: CABL) announced today its unaudited financial results for the second quarter ended June 30, 2010. Second Quarter 2010 Highlights: Hubei revenues were $10.9 million, an increase of 29% over the second quarter of 2009 Hubei earnings before...
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Cablevision Agrees to Binding Arbitration to Resolve News Corp. Dispute
Thursday, October 14, 2010 - 4:14pm | 163Cablevision Systems Corporation (NYSE: CVC) today agreed to submit to bipartisan calls from Reps. Steve Israel, Peter King and others for binding arbitration to ensure a new agreement with News Corp. is reached with no disruption of programming for Cablevision customers, and urged News Corp. not to...
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Gilford Securities Upgrading Entercom Comm. (ETM)
Thursday, October 14, 2010 - 3:59pm | 90Gilford Securities is upgrading shares of Entercom Communications Corp. (NYSE: ETM) to Buy with an $11 price target, as it sees the company beating earnings expectations for the third quarter. In a note sent to clients, Gilford writes, "UPGRADING ETM TO A BUY: We anticipate ETM should meet or beat...
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Coverage Initiated On (KITD, SM, SNI, PERY, PEG)
Thursday, October 14, 2010 - 11:21am | 131KIT Digital (NASDAQ: KITD) initiated at Northland Securities at Ourperform with a $17 PT SM Energy (NYSE: SM) initiated at Dahlman Rose With a Buy rating and $50 PT Scripps Networks Interactive (NYSE: SNI) initiated at Stifel Nicolaus with a Hold rating Perry Ellis (NASDAQ: PERY) initiated at...
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Disney And CBS Featured In Deutsche Bank's Entertainment Spotlight
Thursday, October 14, 2010 - 9:00am | 134The 2011 ad budgets are coming in at healthy 4-5% growth levels, with TV and Internet again gaining share, Deutsche Bank reports. Ad strength is expected to carry over into the new year, and should be reflected in low upfront cancellations for 1Q11 that are due by mid November. “We continue to...
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QE2 Has Set Sail 10-13-2010
Wednesday, October 13, 2010 - 3:08pm | 903Cusick's Corner The QE2 has now set sail, or at least the markets think so -- what now? Well, cherry picking is tough for fear of a potentially violent change of heart, plus piecing into positions leaves you wondering what if I went all in grabbing the full upside. For stock traders who are going...
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Bullish Bets Grow on Sirius XM (SIRI)
Wednesday, October 13, 2010 - 2:08pm | 154Shares of Sirius XM Radio Inc. (NASDAQ: SIRI) are higher on the session by 5.19%, currently trading at $1.42. The stock hit a fresh 52-week high earlier in the session of $1.44. Options traders are looking for the stock to continue its bull run; throughout the session call volume has been...
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Scripps Networks Receives New Price Target From Morgan Stanley
Wednesday, October 13, 2010 - 10:49am | 112Impressed with the upside in shares of Scripps Networks Interactive (NYSE: SNI), Morgan Stanley believes that the company offers investors the highest organic secular growth (10-15% EBIT CAGR through ‘13) in media. As a result, Morgan Stanley is reporting a new price target. “Our new YE11 $58 Price...
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Top Performing Industries For October 13 (SIRI, GBX, ZNH, EXK)
Wednesday, October 13, 2010 - 10:36am | 211At 10:20 am, the Dow gained 0.66% to 11,093.47, the broader Standard & Poor's 500 index moved up 0.55% to 1,176.24 and the NASDAQ composite index rose 0.66% to 2,433.90. The industries that are driving the market today are: Broadcasting - Radio: This industry jumped 3.20% by 10:20 am. The top...
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Morgan Stanley Raises CBS Price Target
Wednesday, October 13, 2010 - 10:30am | 106CBS Corporation (NYSE: CBS) is getting a price target boost from Morgan Stanley. The new PT, $24, assumes a 14x multiple on the company's 2012 base case EPS estimate. “At a 12% fully taxed ‘11 FCF yield and with leverage and debt maturities in a favorable position, share repurchases would be...
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Mid-Day Market Movers (FFHS, ANTP, SIGA, CRWN)
Wednesday, October 13, 2010 - 10:18am | 137First Franklin Corporation (NASDAQ: FFHS) jumped 80.31% to $14.10 at 10:15 am. Cheviot Financial Corp (NASDAQ: CHEV) has agreed to acquire FFHS for $14.50 per share in cash. Phazar Corp (NASDAQ: ANTP) climbed 66.01% to $5.08. ANTP swung to profit in the first quarter. SIGA Technologies Inc (NASDAQ...
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Tuesday's Put/Call Ratio Leaders (SNI, VIA.B, OCR, DLR, MNTA)
Tuesday, October 12, 2010 - 1:46pm | 85Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Scripps Networks Interactive (NYSE: SNI) 4,536 puts, 1 call 2. Viacom Inc. (NYSE: VIA.B) 4,858 puts, 60 calls 3. Omincare Inc. (NYSE: OCR) 2,962 puts, 115 calls 4. Digital Realty...
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Comcast Launches Free Xfinity Wi-Fi in New Jersey/Philadelphia Region
Tuesday, October 12, 2010 - 8:34am | 135Comcast (NASDAQ: CMCSA) announced it is officially launching a Wi-Fi service (Xfinity WiFi) across Northern New Jersey, the Jersey Shore and the Philadelphia Metro area at no additional cost to Comcast residential broadband customers. CMCSA has been engaged in WiFi trials in the NYC commuter...