Much has been made of the recent battle between CBS (NYSE: CBS) and Time Warner Cable (NYSE: TWC) over retransmission fees. Many financial pundits, lawyers, lobbying groups, and now even politicians and government organizations have opined on the subject. Some say that CBS, as the content holder, will ultimately come out on top. Others believe that Time Warner Cable, the operator of the content toll-road, will win the fight.
Few more »
A few weeks ago, CBS (NYSE: CBS) and Time Warner Cable (NYSE: TWC) took their disagreement over carriage fees to another level, as both firms’ existing carriage fee agreement expired, effectively blacking out Time Warner subscribers from viewing the network.
Since then, Valuentum has seen really no signs of the companies coming to any sort of agreement. The Federal Communications Commission (FCC) warned on August 9 that, if the two more »
The easy availability of TV shows online will likely result in a drop in the number of pay TV subscribers. About 90% of Americans currently pay for television programs, and a drop would spell trouble for cable companies. The following companies all have characteristics that I believe will provide shelter from the expected drop, however.
Shaw is focused digitally
CBS (NYSE: CBS) is fighting hard to extract more money from Time Warner Cable in a key battle over the value of the top-rated station's content. Station owners Disney (NYSE: DIS) and Comcast (NASDAQ: CMCSA) are well positioned, too.
Down to the Wire
CBS and Time Warner Cable have taken their carriage fee dispute into overtime. A carriage fee is the amount that cable companies pay broadcasters to redistribute more »
Note: The original article incorrectly identifies Time Warner Cable as Time Warner. This has been corrected and Motley Fool apologizes for the error.
“In the midst of chaos, there is also opportunity.”
2,500 years ago, Sun Tzu wrote the Art of War. Its unlikely modern military generals still prescribe to his practices, but there is one battlefield where his guidance is still headed: Wall Street.
Technology will continue to more »
CBS (NYSE: CBS) and Time Warner Cable are fighting over carriage costs. Such fights are likely to get more common, showing just how valuable video content is becoming. Two other station owners are bulking up for a fight, too.
According to MarketLine, the worldwide broadcasting and cable TV industry is expected to reach around $475 billion in 2015, showing growth of 27% annually. Out of this total market, TV advertisement contributes around 44%. Three broadcasting and TV companies are focusing on growth through production of new and existing hit series, joint ventures, and building a portfolio of growing businesses. Will their plans provide any exciting investment opportunities?
Standing tall more »
In show business everybody wants to be under the spotlight, not just actors. As higher ratings means higher revenues, media companies compete hard to outperform their peers. Entertainment firms like Discovery Communications (NASDAQ: DISCA), Scripps (NYSE: SNI) and CBS (NYSE: CBS) certainly know a thing or two about delivering highly sought-after TV content, yet face different prospects and growth opportunities. Let’s take a closer look at them and see more »
Since the beginning of the year, Viacom (NASDAQ: VIAB) has delivered a sweet gain for its shareholders, up by more than 50% and handily beating the S&P 500’s return of nearly 20%. Recently, it experienced a significant gain of nearly 6.5% in a single day due to its impressive third-quarter results and its plan to return cash to shareholders.
Impressive second-quarter earnings growth
In the third quarter more »
Disney (NYSE: DIS) and CBS (NYSE: CBS) are two top media stocks. However, their execution and strategies have been remarkably different. While one has been focused on creating value, the other has seen a remarkable rise in the absence of innovation. Below, I present my take on the two.
Still optimistic on Disney
Few surprises are as ugly for investors as an earnings miss.
One of the reasons why is the flexibility of GAAP accounting itself: while there's no such thing as a free lunch, company CFOs have considerable latitude in how earnings are presented, as well what charges to take and when.
Even trivial misses, so the thinking goes, may indicate that something is rotten in the state of Denmark, and more »
A federal judge ruled on Wednesday that Apple (NASDAQ: AAPL) “facilitated a conspiracy” in conjunction with major book publishers to pump up the price of e-books, and in turn cost consumers millions. Handed down by U.S. District Judge Denise Cote in Manhattan, the decision marks a significant victory for the U.S. government and may have implications in the digital media market. As Judge Cote called for a new more »
Cable TV has done a great job of innovating to monetize the Internet through streaming and partnerships with companies like Netflix and Amazon. I view three companies -- Discovery Communications (NASDAQ: DISCK), Time Warner (NYSE: TWX), and CBS (NYSE: CBS) -- as great buys with lots of potential for future growth, and each satisfies a different thesis; (Discovery has the most unique content and best margins, Time Warner is a dividend play more »
Twenty-First Century Fox (NASDAQ: NWSA) is the result of last week's completion of the News Corp breakup. 21st Century Fox kept News Corp's broadcasting and film assets, with the publishing assets spun off, and it now appears that the company is one of the top investment opportunities in the media industry.
Its holdings include Fox Entertainment Group, owner of the 20th Century Fox film studio, Fox TV network more »
Major conglomerates typically split off underperforming businesses so they can receive a sharper focus from management and also allow the remaining operations to thrive without the added burden. 21st Century Fox's (NASDAQ: NWS) separation of its publishing operations, along with some other units, is no exception. Former News Corp shareholders holding the stock of the new News Corp. (NASDAQ: NWSA) may see benefits in the long run while the more »
In my eyes, one of the most surprising stock surges of 2013 has been that of Sinclair Broadcast Group (NASDAQ: SBGI). I had recommended this company for its substantial dividend yield in earlier blogs such as this one. But, the company launched a growth and expansion strategy that has incited Wall Street to bid up its shares.
Apparently Gannett, the newspaper behemoth, witnessed the value of broadcast TV station ownership more »
John Griffin, who manages Blue Ridge Capital, was formerly legendary investor Julian Robertson’s second-in-command at Tiger Management. We track Blue Ridge’s quarterly 13F filings alongside those of hundreds of other hedge funds in our research on investment strategies (we have found, for example, that the most popular small cap stocks among hedge funds generate an average excess return of 18 percentage points per year).
Because our database tracks more »
Philippe Laffont’s Coatue Management is one of our favorite hedge funds. Several weeks after the end of each fiscal quarter, hedge funds file 13Fs with the SEC to disclose many of their long equity positions from the end of that quarter. While this information is a bit old by the time it is released, we’ve actually found that the most popular small cap stocks among hedge funds earn more »
A 13G filed with the SEC has disclosed that billionaire Steve Cohen’s SAC Capital Advisors owns 4.2 million shares of Lamar Advertising (NASDAQ: LAMR), giving the fund a 5.3% stake in the $4.1 billion market cap outdoor advertising company with a primary focus on billboard advertising. We track SAC’s quarterly 13F filings alongside those of hundreds of other hedge funds as part of our work more »
Tracking insider transactions helps investors identify investment opportunities, as management is well aware of their company's future business prospects. If they're all running for the exits, it's probably a pretty bad sign. Here are three companies with significant insider transactions in the last six months.
Table: Percentage of Insider Transactions
% of Insider Transaction
Southern Company (NYSE: SO)
Columbia Broadcast System (NYSE: CBS)
(19.75 more »
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