Sramana Mitra on Strategy (Free subscription) | yesterday
Here is a quick analysis of a couple of media companies who announced their rather lack luster quarterly results last month. News Corporation (NWS) had been on a roll till last quarter with impressive Q4 results. The Q1 results for their new fiscal were, however, disappointing. Q1 revenues of $7.5 billion reported a growth of 6.3% over [...]
Market Watch (Free subscription) | 01/12/2008
Sumner Redstone, the boss of Viacom Inc. and CBS Corp., keeps making headlines.
Silicon Alley Insider (Free subscription) | 01/12/2008
In order to help resolve some of his family's $1.6 billion debt problems, Sumner Redstone's will sell his 87% stake in videogame-maker Midway games to private investor Mark Thomas. The sale will count as a $800 million tax loss, but comes at time when Redstone needs cash -- and a tax break -- now. As a part of a deal to appease debtors, Redstone's holding company National Amusements could also sell...
The Street (Free subscription) | 28/11/2008
Analysts project EPS will not grow over the next year, and that should give investors pause.
Startup Meme (Free subscription) | 25/11/2008
Sumner Redstone, who was a billionaire with a net worth of more than $5.1 billion just three months ago, might not be left with a penny after settling all his debts which could be as much as the valuation of all his stocks in Viacom and CBS. NY Times has now seriously questioned the fact that he is even a billionaire now, although the question should have been if he is even a millionaire: In an effort...
SeekingAlpha Media Stocks (Free subscription) | 25/11/2008
Sumner Redstone is the majority owner of Viacom (VIA). Last month Redstone sold US$233 million of VIA shares. VIA appears to be well and truly caught in the current negotiations between Redstone family interests and creditors . What does this mean for the current valuation of VIA? We decided to have a look at the intrinsic value of VIA. The ongoing negotiations between Redstone family interests and...
MediaMemo (Free subscription) | 24/11/2008
The founder and chairman of CBS and Viacom says he won't sell shares in his company to pay off his creditors. But no one believes that. But there doesn't seem to be any alternative. Redstone's National Amusements holding company has $1.6 billion in debt, $800 million of which comes due next month. Best to get it over with now, says analyst Rich Greenfield.
QJ.NET (Free subscription) | 21/11/2008
I'm sure many of you folks who own Rock Band ( Xbox 360 , PlayStation 3 , Wii ) have found the drum pedals that come with the kit aren't all that durable. Some might even say they're defective. I'd like to use a stronger word to describe them but good taste forbids. Don't believe me? Search the net a little bit and note the numerous Rock Band drum pedal repair and reinforcement businesses that have...
Jossip (Free subscription) | 20/11/2008
The call is coming from inside the house At some point in the coming weeks, TRL murderer MTV will let go a huge portion of its staff as parent Viacom goes the cost-cutting route. Now there are rumors floating at Gawker that VH1 might get in on the firing action. And this just in to Jossip: Comedy [...]
whoar.co.nz (Free subscription) | 20/11/2008
“..Wall Street’s rough Wednesday, which saw the Dow Jones industrial average dip below 8,000 for the first time in five years.. ..was particularly felt among media stocks.. ..with many media conglomerates’ stocks hitting or nearing the five-year lows over the course of the day..” go to source/story> > Media Stocks Mayday: News Corp, CBS, Viacom Hit Five Year Lows
MediaBistro.com (Free subscription) | 19/11/2008
NBCU president Jeff Zucker and Viacom CEO Phillipe Dauman broke bread together today at Michael's. Also in attendance, Men's Health honcho David Zinczenko , Cosmo gal Kate White and tvnewsers Lesley Stahl and Jonathan Wald . Lunch: Barry Diller, Jeff Zucker & The Magazine Mob (FBNY) New Career Opportunities Daily: The best jobs in media
Market Watch (Free subscription) | 17/11/2008
Wunderlich Securities analyst Martin Pyykkonen downgrades shares of CBS and Viacom to neutral from buy, citing a "rapidly weakening" advertising market.
Singularity (Free subscription) | 14/11/2008
Several weeks ago now, Google announced the settlement of a copyright infringement case filed against it by a group of American publishers who objected to the Google Book Search project. (I recently wrote about the settlement here.) The Google Book Search project has the goal of digitizing virtually every book ever published, and making that [...]
Reuters (Free subscription) | 13/11/2008
NEW YORK (Reuters) - Sumner Redstone managed to halt, at least temporarily, major drops in shares of CBS Corp and Viacom Inc by repeating on Thursday his promise not to sell any more stock in either media company.
Reuters UK (Free subscription) | 13/11/2008
halt, at least temporarily, major drops in shares of CBS Corp
