-
Televisa Wireless Venture Stalled - Analyst Blog
Friday, September 24, 2010 - 2:54pm | 562Grupo Televisa S.A. (TV), the undisputed leader in the Mexican broadcast market, suffered yet another setback in its bid to enter the lucrative wireless market of Mexico. Yesterday, a court ruling prevented Mexico's Telecommunications Ministry from allotting a slot of wireless spectrum for which...
-
Jeff Zucker Leaving NBC
Friday, September 24, 2010 - 11:51am | 79Jeff Zucker announced he is leaving NBC Universal after General Electric's (NYSE: GE) stake in NBC Universal is acquired by Comcast Corp. (NYSE: CMCSA). The deal is expected to close by the end of the year. It is not yet known where Zucker will wind up, though some have speculated he could wind...
-
Three Sectors That Have Stalled 09-22-2010
Wednesday, September 22, 2010 - 2:31pm | 849Cusick's Corner The market has pulled back into the Midday on the heels of an impressive 8-10% run up over the last 11 sessions in multiple indices. With the Fed not throwing in any surprises like QE, the market has now stalled in 3 offensive sectors -- Finance (XLF), Energy (XLE), and Housing (XHB...
-
GE Looks To Be An M&A Player
Wednesday, September 22, 2010 - 1:44pm | 271There has been plenty of deal-making going on lately though GE has not been any part of it. General Electric (NYSE: GE) has been sitting out of M&A's lately. In a recent Reuters report, GE vice chairman John Rice said, “We have a number of opportunities that are in the pipeline, some closer...
-
Indian Company Eyes MGM - Analyst Blog
Tuesday, September 21, 2010 - 3:15pm | 564Joining a queue of several suitors like Time Warner Inc. (TWX), Spyglass Entertainment Group, LLC, and Lions Gate Entertainment Corp. (LGF) to salvage the debt-ridden Hollywood studio Metro-Goldwyn-Mayer (“MGM”) is an Indian conglomerate. Sahara India Pariwar has put forward a bid to buy the debt...
-
Sinclair Prices Private Offering of Senior Unsecured Notes
Tuesday, September 21, 2010 - 2:42pm | 66Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that its wholly-owned subsidiary, Sinclair Television Group, Inc. ("STG"), has priced its previously announced private offering of senior unsecured notes (the "Notes") due 2018. The Notes were priced at 98.567% of their par value and will...
-
IBM Bids for Netezza - Analyst Blog
Tuesday, September 21, 2010 - 9:09am | 1410A premier Information Technology (IT) services provider, International Business Machines Corp. (IBM) has agreed to acquire data warehouse company Netezza Corp. (NZ) in an all cash transaction of $1.70 billion or $27.00 per share. The price of $27.00 per share reflects a 9.8% premium on September...
-
Piper Jaffray's Media & Entertainment Summary
Tuesday, September 21, 2010 - 7:44am | 304Piper Jaffray paid a visit to China to view the filmed entertainment market and walked away with these comments: "The broader filmed entertainment market in China is booming. Incentives to encourage local film production, foreign co-production, film distribution, and exhibition are all underway and...
-
Sinclair Commences Tender Offer for 8% Senior Subordinated Notes (SBGI)
Monday, September 20, 2010 - 8:56am | 51Sinclair Television Group, Inc., a wholly-owned subsidiary of Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced that it is commencing a cash tender offer for any and all of Sinclair's outstanding 8% Senior Subordinated Notes due 2012. Approximately $224.7 million of the Notes are...
-
Sinclair Commences Tender Offer for 6% Convertible Subordinated Debentures (SBGI)
Monday, September 20, 2010 - 8:55am | 145Sinclair Television Group, Inc. a wholly-owned subsidiary of Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced that it is commencing a cash tender offer for up to $60 million of the Company's outstanding 6% Convertible Subordinated Debentures due 2012. Approximately $128.0 million...
-
Top 4 Stocks In The Broadcasting–Radio Industry With The Highest Gross Margin (SIRI, CMLS, ETM, RC)
Thursday, September 16, 2010 - 5:33am | 139Below are the top broadcasting–radio stocks on the NYSE and the NASDAQ in terms of gross margin. The trailing-twelve-month gross margin at SIRIUS XM Radio Inc (NASDAQ: SIRI) is 59.85%. SIRI's quarterly earnings increased 105.39% y/y. The trailing-twelve-month gross margin at Cumulus Media Inc (...
-
Three Stocks Rising On Strong Volume (OPNT, PPD, DISCK)
Wednesday, September 15, 2010 - 3:20pm | 206The broader averages are higher this afternoon, all gaining around two tenths of one percent. There are three stocks that are moving much higher than that today on strong volume. Shares of Discovery Communications, Inc (NASDAQ: DISCK) are up 1.85% to $36.42. The communications company, which owns...
-
Lions Gate and Televisa Team Up - Analyst Blog
Wednesday, September 15, 2010 - 3:12pm | 374The studio, Lions Gate Entertainment Corp. (LGF) and the Mexican media conglomerate, Grupo Televisa SA (TV) formed a joint venture to produce movies for the fast-growing Hispanic population in the U.S., who account for one fourth of the country's frequent moviegoers. The companies also declared...
-
Zacks Analyst Blog Highlights: Time Warner Cable, Comcast, Yahoo, Google and eBay - Press Releases
Wednesday, September 15, 2010 - 8:06am | 1339For Immediate Release Chicago, IL – September 15, 2010 – Zacks.com Analyst Blog features: Time Warner Cable Inc. (TWC), Comcast Corp. (CMCSA), Yahoo Inc. (YHOO), Google (GOOG), and eBay (EBAY). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter:...
-
Liberty's Share Buyback Plans - Analyst Blog
Tuesday, September 14, 2010 - 3:33pm | 377Liberty Global Inc. (LBTYA) recently raised its share buy back program by an additional $212 million. This will increase the company’s total share repurchase program to approximately $1 billion, of which $787 million of shares are repurchased so far. Under the new repurchase program, Liberty Global...