Following the strength of Discovery’s Q1 2008, we are raising our full-year 2008 revenue growth to 13% from 11% and EBITDA growth to 24% from 18%, with full-year margins expected to expand 300 bps compared to our prior estimate of 200 bps. While we believe the potential exists for Discovery to exceed our upwardly revised…
China Unicom reported April net subscriber additions of 1.498 million, which were 57,000 above our estimate, but down 7.7% from last year. Better than expected GSM net additions continued to drive the business, accounting for 81% of net additions in the month. The GSM network added 1.209 million new subscribers, which were 65,000 above our…
Preliminary wireless industry subscriber data from Brazil indicates another solid month of subscriber net additions in April 2008. These estimates are sometimes slightly revised when the final numbers are released. Monthly industry net additions of 1.932 million for April more than doubled annually and were up 14% sequentially.
Two weeks ago, Warner Music released Madonna’s 10th studio album entitled, Hard Candy. Two weeks into the album’s release in the US, it has sold 355K copies, down 37% from the first two weeks of 2005’s Confessions on a Dance Floor. Music (Released in 2000): sold 632K in 1st 2 weeks, sold over 13 mm…
Prior to today, News Corp. had not repurchased a share of stock since its 500K share repurchase of NWSA shares on September 4, 2007 (price paid was $20.27). 8 months, and 10 days later, News Corp. is back in the market buying stock. According to a filing on the Australian stock exchange (click here), News…
We believe Telefonica’s Q1 reduced market share in the Mexican pre-paid market and strength in post-paid could result in increased promotions in the Mexican pre-paid market in 2008. Concerns over competition in Mexico over the past year have largely been driven by Telefonica’s increased overall market share of net subscriber additions which we estimate grew…
Clearwire reported Q1 results last night but we do not believe there is much to take away from these near term results given the pending closing of the transaction with Sprint, the company’s current cash conservation mode and a service offering that is not WiMax. Click here for our note.
Cablevision’s Q1 ’08 results illustrate the power of its incredibly high video, data and voice penetration levels (54% of its basic subs now take triple-play bundle) to reduce churn, and mitigate marketing cost increases, despite rising competition. With the Sundance acquisition now discounted in CVC’s stock price, a Newsday acquisition sounding less likely (given Rupert…
Time Warner Cable New York emphasizes its local programming advantage versus its phone/satellite competition, with its local website (click here) currently running advertising spots that focus viewers on the fact that its (Time Warner Cable-owned) cable news network, NY1, is only available on Time Warner Cable. In turn, we are quite intrigued by NBC’s decision…
After several months of speculation, the WiMax joint-venture announcement (click here for CLWR’s 8-K filing) has been finalized. Now the question becomes whether a complex JV is truly a viable option for the cable industry or whether cable industry leaders (Comcast and Time Warner Cable) are merely trying to “check-off” the wireless strategy check box…
You must be logged in to post a comment.