Tomorrow marks the first quarterly earnings conference call since Viacom and CBS recombined to create ViacomCBS. We thought it would be useful to lay out the five key questions management needs to address tomorrow. 1. Content Strategy: What Goes Where and Why? ViacomCBS has clarified/simplified its management/reporting structure with the early exit of CBS’ Joe…
Comcast Chairman and CEO Brian Roberts, grew up in the cable video distribution business, literally. Roberts has watched the industry climb from its infancy to over 100 million MVPD subscribers. He is now watching it disappear in front of his own eyes as consumer behavior shifts from large, inflexible bundles of channels to streaming services…
Verizon management will face investors tomorrow at a company hosted event in New York City and during a pivotal moment in the company’s history. The company plans to present a wide range of topics, but the focus of investors will be on the implications from the industry altering approval of T-Mobile’s acquisition of Sprint. Many…
Earlier this week, we were interviewed by Anthony Pompliano, host of the Off the Chain podcast. The audio version of the podcast is embedded to the right via Spotify, a video replay on YouTube is embedded at the bottom of this post and for Apple Podcast fans, you can listen here.
The nearly two-hour discussion covered a broad array of topics affecting the future of media, with the central theme being “The War for Consumer Time and Attention”. We have…
We had the opportunity to ask SoftBank CEO and Chairman Masa Son about the T-Mobile deal this morning on a group investor call and some of his responses were surprising. Here’s a quick summary: Masa does not believe T-Mobile is a strategic asset and was not familiar with the details of the 4-year lock-up of…
We are initiating coverage of Twitter with a BUY rating and a $45 one-year price target based on 25x estimated 2021 EV/EBITDA (shares are currently trading at 25x estimated 2020 EV/EBITDA). Our BUY rating is driven by above consensus revenue and EBITDA growth underpinned by a fundamentally better product on which Twitter is iterating faster…
Judge Marrero approved T-Mobile’s acquisition of Sprint this morning, despite widespread skepticism that had been driving Sprint’s stock lower on a daily basis. It does not appear that Judge Marrero has layered any additional deal conditions on the transaction. In fact, headlines indicate that Marrero was not compelled that prices would rise or that Sprint…
Yesterday was the Super Bowl for mid-band spectrum. FCC Chairman, Ajit Pai, forged forward with his long debated plan for C-Band spectrum, US Attorney General Bill Barr highlighted the importance that the FCC move forward on L-Band spectrum, and T-Mobile provided some sobering comments on the status of Dynamic Spectrum Sharing (DSS) technology. However, the…
WWE investors remain bewildered following last week’s departure of co-Presidents George Barrios and Michelle Wilson. We will likely never know exactly what happened last Thursday and why – including whether their dismissal was an impetuous decision by WWE Chairman and CEO Vince McMahon or a carefully planned termination. Nonetheless, the company, which was about to…
With Disney having made direct-to-consumer streaming the #1 priority for the company, investors will be keenly focused on Disney’s streaming metrics when they report fiscal Q1 2020 (December 2019) results tonight. However, Disney will also need to help investors understand the ongoing impact from Coronavirus that has forced the closures of both Shanghai Disneyland (closed…
You must be logged in to post a comment.