Entertainment – Diversified

(NWSA) News Corporation Christens Entertainment Company

News Corporation (NWSA) recently announced that post split, its new independent media company will be christened 21st Century Fox. The company is on the verge of splitting its operations into 2 separate publicly traded...

2May2013 | | Comments Off on (NWSA) News Corporation Christens Entertainment Company | Continued

(DIS) The Walt Disney Company Reaches New High

Shares of The Walt Disney Company (DIS) reached a new 52-week high of $60.73 on Friday, Apr 12, gaining momentum from the company’s healthy outlook for the upcoming second quarter of fiscal 2013.

Disney earlier stated that...

21Apr2013 | | Comments Off on (DIS) The Walt Disney Company Reaches New High | Continued

(NWSA) News Corp Hits New 52-Week High

News Corporation (NWSA) is diversifying its business model by adding new revenue streams in an effort to adapt to the changing face of the multiplatform media universe. These endeavors have helped this media conglomerate to attain...

7Feb2013 | | Comments Off on (NWSA) News Corp Hits New 52-Week High | Continued

(TWX) News Corporation – Momentum

News Corp. (NWS) hit a 52-week high of $27.62 on January 11, 2013. Shares of this Zacks Rank #2 (Buy) diversified media conglomerate have been steadily moving higher since June 2012, and are up 46.4% over the past year.

The stock’s...

18Jan2013 | | Comments Off on (TWX) News Corporation – Momentum | Continued

(DIS) Walt Disney Reiterated at Neutral

We have maintained our long-term Neutral recommendation on The Walt Disney Company (DIS) with a target price of $53.00. Moreover, shares of Disney retain a Zacks Rank #3 (Hold).

Why the Reiteration?

Disney...

14Jan2013 | | Comments Off on (DIS) Walt Disney Reiterated at Neutral | Continued

(NWSA) News Corporation Acquires SportsTime Ohio

According to a Reuters news report, News Corporation‘s (NWSA) FoxSports Media Group acquired SportsTime Ohio, a Cleveland based regional sports network.

The acquisition is expected to enhance its portfolio of regional...

2Jan2013 | | Comments Off on (NWSA) News Corporation Acquires SportsTime Ohio | Continued

(NWSA) News Corporation Selling MySpace

Recently, Bloomberg reported that News Corp. (NWSA) seeks to reach a strategic decision with Specific Media regarding the sale of MySpace, its social networking site, for about $35 million in cash and stock.

News Corp. had...

30Jun2011 | | 0 comments | Continued

(TWX) Time Warner Quarterly Report a Penny Ahead of Expectations

Time Warner Inc. (TWX), the diversified media conglomerate, recently posted first-quarter 2011 results. The quarterly earnings of 58 cents a share came a penny ahead of the Zacks Consensus Estimate but dropped 4.9% from 61 cents earned...

5May2011 | | 0 comments | Continued

(NWSA) News Corp Advances to Vevo.com

According to Bloomberg, News Corp. (NWSA), a diversified global media company, advanced to Vevo.com, the online music website, for exploring the future prospects of MySpace, its social networking site.

The buzz is that News...

29Mar2011 | | 0 comments | Continued

(DIS) The Walt Disney Company – Bull of the Day

The Walt Disney Company’s (DIS) first-quarter 2011 earnings beat the Zacks Consensus Estimate, and rose 45% from the prior-year quarter, reflecting growth across Media Networks, Studio Entertainment, Parks and Resorts and Consumer...

16Feb2011 | | 0 comments | Continued

(TWX) Viacom First Quarter 2011 Earning Scorecard

Viacom Inc. (VIA.B) reported mixed financial results for the first quarter of fiscal 2011. While earnings per share (EPS) beat the Zacks Consensus Estimates, revenues fell well short of it. This was primarily due to extremely weak...

15Feb2011 | | 0 comments | Continued

(DIS) Company News for November 12, 2010 – Corporate Summary

• Disney (NYSE:DIS) reported fiscal fourth quarter earnings of $0.45 ex-items, a one cent miss, versus $0.47 a year earlier, as revenues fell 1.4% to $9.7 billion and were below estimates of $9.9 billion

• Nvidia (NASDAQ:NVDA) profits fell 21% to $0.15, a one penny beat, as revenues fell...

12Nov2010 | | 0 comments | Continued

(TWX) Indian Company Eyes MGM

Joining 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...

3Oct2010 | | 0 comments | Continued

(NWSA) News Corporation Announces Intent to Aquire Stake in British Sky Broadcasting Group

News Corp. (NWSA) on Tuesday declared its intention to acquire a 61% stake in British Sky Broadcasting Group Plc. (BSkyB) for £7.8 billion (US$11.5 billion) or 700 pence per share. The Rupert Murdoch-led News Corp. already owns a...

15Jun2010 | | 0 comments | Continued

(DIS) The Walt Disney Company Beats Expectations

The Walt Disney Company (DIS), a diversified entertainment company, recently posted better-than-expected second-quarter 2010 results, but the results at its Media Networks division disappointed and the stock fell 3.6% or $1.27 to $34.49...

12May2010 | | 0 comments | Continued

(TWX) Time Warner’s Quarterly Report Outpaces Estimates

Time Warner Inc. (TWX) has posted better-than-expected first-quarter 2010 results that topped the Zacks expectation on the heels of an improved advertising environment and increased home video sales.

The company notified that...

5May2010 | | 0 comments | Continued

(NWSA) News Corporation to Charge for Online Access

News Corporation (NWSA), the media conglomerate, has taken a leap towards an online subscription-based model for general news content.

Business newspapers such as Financial Times and Wall Street Journal (owned...

30Mar2010 | | 0 comments | Continued

(TWX) Time Warner Analyst Issues Neutral Recommendation

We have recently initiated coverage on Time Warner Inc. (TWX) with a Neutral rating. The company is a global leader in media and entertainment with cable systems, television networks, filmed entertainment and publishing businesses.

With...

25Mar2010 | | 0 comments | Continued

(NWSA) News Corporation – Bull of the Day

News Corporation (NWSA) reported better-than-expected second-quarter 2010 results on the heels of an improved advertising environment, and significant cost-cutting initiatives taken by management to combat the downturn.

The...

23Feb2010 | | 0 comments | Continued

(DIS) The Walt Disney Company Beats Consensus Estimates

The Walt Disney Company (DIS), a diversified entertainment company, recently reported better-than-expected first-quarter 2010 results on the heels of strong results from its Media Networks segment, and effective cost management at...

10Feb2010 | | 0 comments | Continued

(TWX) Time Warner Beats Consensus Estimates

Time Warner Inc. (TWX) reported better-than-expected fourth-quarter 2009 results that topped the Zacks Consensus Estimate, on the heels of record profits at its Studio and Networks segments.

The quarterly earnings of 55 cents...

3Feb2010 | | 0 comments | Continued

(NWSA) News Corporation Settles with Valassis Communications

News Corp. (NWSA), a diversified global media company, reached an out-of-court settlement with Valassis Communications Inc. (VCI), one of the leading media and marketing...

1Feb2010 | | 0 comments | Continued

(NWSA) News Corporation Stake Rises in Sky Deutschland

News Corp. (NWSA), a diversified global media company, recently subscribed to over 49 million new registered shares of Sky Deutschland, a German pay-TV provider, at a price of €2.25 ($3.24) per share for an aggregate cost of €110...

19Jan2010 | | 0 comments | Continued

(NWSA) News Corporation’s Fox to Launch 2nd Soccer Channel

Fox Broadcasting Company, one of the leading divisions of the television segment of News Corp. (NWSA), is all set to launch its second all-soccer channel in the U.S. from March 1, 2010. The new network is named Fox Soccer Plus and...

12Jan2010 | | 0 comments | Continued

(DIS) Walt Disney Completes Marvel Entertainment Buyout

Walt Disney Co. (DIS) recently announced the completion of its acquisition of Marvel Entertainment, Inc. (MVL).

Walt Disney acquired Marvel in a cash and stock...

4Jan2010 | | 0 comments | Continued

(NWSA) News Corporation’s Fox Shows Could Be Missing From Time Warner Cable

As the contract expires at midnight Dec 31, News Corp. (NWSA) could discontinue broadcasting hit programs from the Fox Broadcast Network on Time Warner Cable Inc. (TWC),...

31Dec2009 | | 0 comments | Continued

(NWSA) Time Warner Cable May Drop Popular Fox Shows

With ongoing negotiations unable to find a mutually agreeable solution, News Corp. (NWSA) has warned its viewers that Time Warner Cable Inc. (TWC) could discontinue...

22Dec2009 | | 0 comments | Continued

(TWX) Time Warner to Buy NDTV Imagine

Time Warner Inc. (TWX), a global leader in media and entertainment businesses, recently declared that its Board of Directors has consented to the acquisition of NDTV Imagine Limited, which owns one of the leading Hindi-language entertainment...

17Dec2009 | | 0 comments | Continued

($F) Expect Strong Earnings Growth in 2010 – Earnings Trends

Key Points:
•    Earnings Surprise Ratio (#beat/#miss) at 5.286, almost double normal
•    Median Earnings Surprise 7.07%, very strong
•    Year-over-year Earnings Growth Ratio (# Pos Growth/# Neg Growth) at 0.83
•    Sales Surprise...

15Dec2009 | | 0 comments | Continued

(TWX) AOL Spins Off from Time Warner

The marriage between Time Warner Inc. (TWX), a global leader in media and entertainment businesses, and AOL Inc. (AOL), its web media unit, which took place in 2000,...

11Dec2009 | | 0 comments | Continued