We have long believed that there was no fundamental reason behind the spread between News Corp. voting and non-voting share classes (NWS and NWSA, respectively). The spread fell dramatically in 2004 after News Corp. changed its domicile to the US from Australia, dropping from the 20% range to an all-time low of 1% in late…
Update: Google confirmed they bought Gizmo5, click here for Google’s blog post In July 2009, we wrote about how Google Voice impacted our life (click here), by turning audio voicemails into text-based e-mails that were searchable and archived by Google at no cost (previously transcription services have always been fee-based or required a subscription to…
Just last week, we wrote (click here) about Walmart’s decision to drop standard definition DVD pricing on 10 key pre-order movie titles (including Star Trek, Night at the Museum 2, and Harry Potter and the Half Blood Prince) by over 35% to under $10.00. Other retailers have since followed Walmart’s lead on standard def DVDs.
America Movil announced that it plans to issue a one-time dividend of $0.75 per ADR, which is equivalent to a yield of roughly 1.6% based on last night’s closing price. The dividend is payable on December 10th assuming shareholders approve it at a shareholder meeting on December 1st. We believe a one-time dividend was expected,…
Despite the rally in most cable system equities (outside of Comcast) over the past several months (not to mention the market overall), MCCC is trading well below the $5.50 level it was at when the company reported Q1 results in May 2009. The most surprising element of MCCC’s performance is that we now expect $1.38…
While we did not intend to be the “3D Scrooge,” we are increasingly skeptical that 3D will fundamentally alter the exhibition industry. In most cases, 3D still appears to be a gimmick to get consumers to a theater to see a particular movie. Unfortunately, similar to 2D movies, most movies are only fair at best…
Leap Wireless reported results that reflected the competitive pressures that exist in the pre-paid wireless market in Q3 as subscriber growth, ARPU and EBITDA were all lower than expected. Investors remained concerned with the incremental competitive pressures that are expected to come in future quarters. Leap reported less than 20,000 net additions of voice customers…
While CBS CEO, Les Moonves indicated (without giving any specifics) that another large syndication deal was coming soon, Variety (click here) is reporting that CBS TV Distribution has syndicated NCIS: Los Angeles to the USA Network (owned by NBCU) for $2.5 mm per episode. What is most remarkable about this syndication deal is that…
As if Redbox setting an all-time low bar for DVD rental pricing ($1/day) was not bad enough for the movie industry, Wal-Mart is moving aggressively to capture market share in home entertainment. Wal-Mart is dropping pre-order pricing on 10 major studio DVDs (set for release over the next couple of months) to only $9.98, over…
Verizon Wireless entered the pre-paid mobile broadband market this morning with the launch of several new rate plans, making it the only major wireless operator with a pre-paid mobile broadband product and providing new competition to Leap Wireless. Verizon is charging $50 per month for 500 MB compared to $40 per month on Leap for…
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