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Telesat’s New LEO Constellation Is Fully Funded But Is It Still A Buy?

Last week, Telesat announced that it finally secured the funding for Lightspeed, its LEO satellite constellation targeting the global enterprise connectivity market. The stock subsequently doubled as investors contemplate Telesat’s place among other high-profile LEO constellations like SpaceX’s Starlink and Amazon’s Kuiper. We have been waiting for this moment for over 2 years and as…

LightShed’s Rich Greenfield Interviewed by Puck News’ Matthew Belloni on The Town Podcast August 2023

Following last week’s Q2 2023 Warner Bros. Discovery earnings release, Puck News’ Matt Belloni interviewed LightShed’s Rich Greenfield on the current state and future of WBD, the strategic challenges facing Disney, Disney CEO Bob Iger’s decision to bring back former execs Kevin Mayer and Tom Staggs as consultants, as well as the latest news and…

Will Networks Suffer a Rate Reset as YouTube TV Becomes a Top 4 Distributor?

Earlier this year, Google reached an agreement with the NFL to exclusively distribute NFL Sunday Ticket starting with the 2023 season. Sunday Ticket had been exclusively available on DirecTV since its launch in 1994. Google is offering Sunday Ticket at a discounted buy-through of YouTube TV, as well as standalone via YouTube Primetime Channels. Pricing…

Buy The Iridium Dip

Iridium declined 15% yesterday on results that were better than we expected. The sharp selloff appears to have been triggered by investors with higher growth expectations. Specifically, there was apparently some misguided investor expectation of seeing a revenue ramp from direct to device activations in 2023. To be fair, equipment sales did moderate and this…

The LightShed Earnings Scorecard. Eighth Edition. And The Rise of AI

Welcome to the Eighth Edition of the LightShed Earnings Scorecard – our attempt to hold companies and analysts accountable for the quality of earnings calls. We also have been able to track the rapid increase in interest in AI and quick disinterest in discussing Inflation on these calls. This quarter, we tracked 71 companies. We…

What Should Bob Iger Do to Fix Disney?

The lifeblood of Disney, more than any other media company, is its content. Quality content, especially franchise content, drives an unparalleled global flywheel spanning streaming, linear TV, theme parks, consumer products, interactive entertainment and more. Unfortunately, Disney’s content engine is sputtering relative to its own high bar. Compared to the last few years of Disney…