Posted Jul 1st 2009 4:20PM by Steven Mallas
Filed under: Television, General Electric (GE), Walt Disney (DIS), CBS Corp 'B' (CBS), Comcast Cl'A' (CMCSA), News Corp'B' (NWS), Time Warner Cable (TWC), Media World

Julia Boorstin covered an interesting topic over at
CNBC.com the other day. The Supreme Court, by electing not to review a case involving
Cablevision (NYSE:
CVC), essentially said that cable companies such as
Comcast (NASDAQ:
CMCSA) and
Time Warner Cable (NYSE:
TWC) can pursue digital video recorder (DVR) storage on cable-system servers. By doing this, a perceived barrier to entry for subscribing to DVR has been eliminated: you don't have to deal with a clunky box. Cable should theoretically see an increase in customers who adopt DVR technology if remote storage is exploited.
Well, as Boorstin rightly points out, CBS (NYSE: CBS), Disney's (NYSE: DIS) ABC, General Electric's (NYSE: GE) NBC, and News Corp.'s (NASDAQ: NWS) Fox do need to worry. These DVR technologies basically translate to a drop in the economic value of advertising. Let's face it: who watches commercials when they don't have to?
Continue reading DVR and content companies: What should the broadcasters do?
Posted Jun 23rd 2009 9:00AM by Tom Taulli
Filed under: Internet, Google (GOOG), News Corp'B' (NWS)

While MySpace still has an enviable user base, the future is looking dicey. Facebook continues to grow at a relentless pace -- and appears to be the de facto social network. There is also the sudden emergence of Twitter (which, by the way, is even putting pressure on Facebook).
To deal with this, MySpace's owner,
News Corp (NYSE:
NWS), is taking
action. Just last week, the company slashed about 30% of the U.S. workforce.
As for this week, about two-thirds of the global work force will be fired, going from 450 to 150 employees.
Continue reading The bloodbath at MySpace continues
Posted Jun 18th 2009 12:30PM by Brian White
Filed under: Competitive strategy, News Corp'B' (NWS)
When News Corp. (NASDAQ: NWS) bought MySpace.com for over $500 million back in 2005, some said it was the way Rupert Murdoch would charge into the digital media audience business in a big way. While that was true at the time, the digital world and its audience can become fickle and change rapidly as new web-based properties develop. It's pretty obvious by now that Facebook has leaped past MySpace and is "the place" to be when it comes to social networking interaction (although Twitter is garnering all the buzz presently).
Why Did MySpace lose its way? MySpace evolved to become a portal, offering music downloads and other goodies, while Facebook kept its social networking status as a place where friends and associates could virtually connect. And there you have it -- MySpace didn't evolve as trends were created and rapidly changed.
Continue reading News Corp.'s MySpace has cooled its heels, begins layoffs
Posted Jun 8th 2009 3:00PM by Steven Mallas
Filed under: Time Warner (TWX), Walt Disney (DIS), News Corp'B' (NWS), Film
Recently, DreamWorks Animation (NYSE: DWA) announced that it would be making more movies. According to the press release, the move calls for five movies every two years. The plan would be for one year to have the normal two projects, while the next year would have three releases.
This is an interesting scheme. It has many implications. First, it means that CEO Jeffrey Katzenberg is extremely confident in his company's ability to produce compelling content. Second, it means that he believes that 3D theaters will be more important than ever in the near future. Third, it is a direct attack against Disney's (NYSE: DIS) Pixar asset. DreamWorks Animation is, without a doubt, becoming much more cutthroat in its competitive stance.
Continue reading Should DreamWorks Animation make more movies?
Posted Jun 4th 2009 12:00PM by Mark Fightmaster
Filed under: News Corp'B' (NWS)

It looks like it is out with the old, in with the old at
News Corp. (NYSE:
NWS), as former executive Chase Carey is
returning to the company in the role of deputy chairman and chief operating officer. Carey has served as the CEO of
DirecTV Group (NYSE:
DTV) for the past six years, but was the co-chief operating officer for NWS from 1996 through 2002. Carey will replace COO Peter Chernin, who announced in February that he would depart NWS when his contract runs out at the end of June.
It is no secret that NWS has struggled since the economic crisis started, as weakness in the company's catalog of DVDs have driven the stock lower. Carey helped the company become a "truly viable fourth broadcast network" by helping Fox land NFL games, and helping launch Fox News Channel, FX, and the National Geographic Channel.
Continue reading News Corp. appoints new chairman
Posted Jun 4th 2009 11:00AM by Tom Johansmeyer
Filed under: Microsoft (MSFT), News Corp'B' (NWS)
Social networking sites gained a lot of eyeball-share last year. The time that users spent on sites like Facebook, Twitter and MySpace nearly doubled in the past year, increasing by 83% relative to April 2008. The number of minutes spent on Facebook by its 200 million active members spiked 700% year-over-year to 13.9 billion. The second most popular social networking site, MySpace, saw a 31% fall in minutes spent on the site to 4.97 billion, but ranked number one in video stream consumption.
Blogger, Tagged and Twitter took the third, fourth and fifth spots. In April 2009, the number of tweets unleashed shot up 3,712% from April 2008.
The missing link? Money.
Continue reading Time on social networks doubles ... but does revenue?
Posted May 29th 2009 11:20AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Morgan Stanley (MS), News Corp'B' (NWS), QUALCOMM Inc (QCOM), Burger King Hldgs (BKC), Analyst initiations, Level 3 Communications (LVLT)
Analyst upgrades:
- Keefe Bruyette upgraded Morgan Stanley (NYSE: MS) to Outperform from market Perform after transferring coverage to a new analyst. The firm expects Morgan to benefit from the pending joint venture with Smith Barney and improvements in its operating environment.
- FBR Capital upgraded Winn-Dixie (NASDAQ: WINN) to Outperform from Market Perform as it believes the company is executing well and shares are cheap at current levels. The firm keeps a $16.50 target on the stock.
- Baird believes Polaris's (NYSE: PII) consensus expectations and valuation are too low and that the company will expand beyond powersports. The firm upgraded shares to Outperform from Neutral and raised their target to $37 from $32.
- J. Crew (NYSE: JCG) was upgraded to Neutral from Sell at Goldman.
- Lexmark (NYSE: LXK) was upgraded to Equal Weight from Underweight at Barclays.
- Global Hunter upgraded Big Lots (NYSE: BIG) to Buy from Neutral.
Continue reading Analyst upgrades, downgrades and initiations: MS, JCG, BKC, LVLT, NWS ...
Posted May 26th 2009 10:20AM by Steven Mallas
Filed under: Analyst upgrades and downgrades, Walt Disney (DIS), Viacom (VIA), CBS Corp 'B' (CBS), News Corp'B' (NWS), Media World
Every few months, it seems, we get an article or two that says Disney (NYSE: DIS) might be a buy. TheStreet.com issued an upgrade on the stock based on several metrics. SmartMoney believes Disney might be a great company for the summertime.
When it comes to Disney, every investor has to be careful. Take every analytical article with a grain of salt. Why? Because even though the fundamentals might be good on the company from a valuation standpoint, Disney's stock has disappointed investors many times in the past. As a long-term shareholder, I know what I'm talking about. And many other pundits have made the same observation: Disney always seems to be cheap to someone at any given time.
Continue reading Should you be trading Disney?
Posted May 18th 2009 9:00AM by Steven Mallas
Filed under: Time Warner (TWX), Viacom (VIA), Sony Corp ADR (SNE), News Corp'B' (NWS), Film, Marvel Entertainment (MVL)
Last week's number-one picture, Star Trek, had to yield to a newcomer this week. Angels & Demons, distributed by Sony (NYSE: SNE), took the top spot this past weekend at domestic theaters, according to Boxofficemojo. The movie is credited with $48 million as of early estimates.
Trek, distributed by Viacom (NYSE: VIA), came in second with $43 million. And I have to say, although I wasn't impressed with the movie's box-office debut, I thought that the second weekend was relatively strong. I expected a better than 50% drop for its sophomore frame. As of current data, Trek only shed roughly 40% of its opening gross. Good job (I still think the opening was weak, though). The film is close to the $150 million mark.
Continue reading Sony's 'Angels & Demons' triumphs over Viacom's 'Star Trek'
Posted May 12th 2009 10:50AM by Steven Mallas
Filed under: Earnings reports, Television, Time Warner (TWX), News Corp'B' (NWS), Activision Inc (ATVI)
4Kids Entertainment (NYSE: KDE), a producer of children's content that engages distribution and licensing opportunities, has not been a great stock idea. Although shares of the company have perked up as of late, the longer-term trend hasn't been so encouraging. Let's see if the first-quarter numbers might change your mind.
Well, I don't know about your mind, but my mind so far hasn't been changed. Revenues declined by 32%. There was a net loss of 15 cents per diluted share. Now, granted, that was far better than the net loss last year, which calculated out to 48 cents per diluted share. I give the company credit for narrowing the loss, but something tells me that I don't necessarily want to invest hard-earned money in a business that is based on the fickle nature of a very young target audience.
Continue reading 4Kids Entertainment remains risky after Q1 loss
Posted May 11th 2009 9:00AM by Steven Mallas
Filed under: Time Warner (TWX), Viacom (VIA), News Corp'B' (NWS), Film, Marvel Entertainment (MVL)
Viacom (NYSE: VIA) came out on top this past weekend with its new Star Trek film. According to early estimates from Boxofficemojo, the picture made roughly $72 million over the three-day period at domestic theaters.
If you include some early screenings, the total is closer to $76 million. Trek beat out such projects as Marvel's (NYSE: MVL) and News Corp.'s (NASDAQ: NWS) X-Men Origins: Wolverine, which came in second place, and Time Warner's (NYSE: TWX) Ghosts of Girlfriends Past, which took spot number three.
Continue reading Beam up more box-office bucks, Scotty!
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