We recently went down to the East Village in NYC to visit the only dedicated Verizon FIOS store in the tri-state area and one of the only stores of its kind nationwide (click here to see Verizon’s FIOS Store Mailer that was sent to Peter Cooper Village/Stuyvesant Town residents). While Verizon’s legal department prevented us…
Our October 1st blog post (click here) on the Time Warner/Lin TV retrans dispute has started an intriguing and surprisingly public dialogue between cable operators and broadcasters. A day after our original post, we wrote about Mediacom’s response: click here. Now Sinclair (which was mentioned in MCCC’s response) issued the following letter to us (with…
As a result of Time Warner Cable’s on-going retrans dispute with LIN TV, TWC has released a web-based video (shown below) to show its subscribers how they can continue to watch key network programming via broadband on their television sets (illustrating how to connect a PC to a TV). The video is worth watching as…
We reduced our estimates and price target primarily due to the recent devaluation of the Mexican Peso and Brazilian Real against the US dollar. Click here for a copy of our note. Click here for a table that details our estimate revisions.
We upgraded Virgin Mobile to Neutral from Sell based on valuation. Our 2008 EBITDA estimate is below guidance of $105-$130 million and consensus of $99 million so valuation alone would not be enough for us to consider recommending purchase of the stock until our peers’ estimates declined or we saw greater EBITDA opportunities. Click here…
We reduced our estimates and price targets on America Movil primarily based on currency movements since our last update but we have not yet adjusted our estimates to reflect the potential impacts of global economic weakness. Click here for a copy of our note. Click here for a copy of our estimate revisions.
Cablevision CEO Jim Dolan recently stated (at an investor conference) that Cablevision had sufficient liquidity to meet its debt obligations in 2009, without the need to sell non-core assets. Yet as the financial markets become increasingly hostile, investor concern surrounding Cablevision’s liquidity situation in 2009 is escalating. Bottom Line: After a detailed examination of the…
LIN TV stations have gone dark in 15 Time Warner Cable markets around the country, as LIN and Time Warner Cable failed to reach a retransmission consent agreement (prior agreement expired on October 2). The retrans battle affects about 2.7 million Time Warner Cable subscribers. The picture to the right is what consumers in Austin,…
Modestly reducing Viacom earnings estimates, but highlighting how “cheap” VIA’B shares are, now sounds like a truly annoying broken record, which nobody will even listen to anymore. Investors increasingly loath Viacom due to a nearly non-existent management team (with no access to anyone involved in operations), who have done a poor job explaining why they…
Yesterday, we wrote (click here to view) about the looming retrans battle between LIN TV and Time Warner Cable. Within our post, we highlighted LIN’s argument that the cable industry’s packaging of broadcast station signals as part of larger channel packages negates multichannel distributors from gaining access to broadcasters’ signals for free. We received the…
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