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Time Warner's 'Sucker Punch' Loses to News Corp's 'Wimpy Kid'

Sucker PunchTime Warner (TWX) probably thought it had the weekend all wrapped up. Sucker Punch looked like it would debut at the top in its opening frame. I don't blame the execs behind this fantasy piece; in theory, it should have brought in all the youthful demographics hungry for a big spring hit to feast upon.

Didn't happen. Instead, News Corp.'s (NWS) Diary of Wimpy Kid: Rodrick Rules was number one with a gross of well over $23 million, according to domestic-theater data at Box Office Mojo. Punch came in second with $19 million.

Continue reading Time Warner's 'Sucker Punch' Loses to News Corp's 'Wimpy Kid'

Uncertain Impact from NYT's New Digital Subscription Service

The New York Times Company (NYT) primarily operates in the newspaper business, with ownership of The New York Times, International Herald Tribune, Boston Globe, and About.com. It competes for online advertising dollars with hybrid publications like News Corp's, The Wall Street Journal as well as Internet-based outlets like Yahoo! Inc. (YHOO), Google, Inc. (GOOG) and AOL, Inc. (AOL).

Continue reading Uncertain Impact from NYT's New Digital Subscription Service

News Corp. Plans Social Gaming Business

NWSA logoNews Corp. (NWSA - option chain) shares are off a bit today after a company official said at a conference that the company is planning to build its own social-gaming business, hoping to capitalize on the momentum of smaller gaming start-ups like FarmVille maker Zynga. The NWSA official said the social-gaming effort will not be connected to its social network site MySpace, which the company is considering selling. So far this morning, investors are not too optimistic about this news. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on NWSA.

Continue reading News Corp. Plans Social Gaming Business

News Corp. Launches Digital Magazine; Stock Still Depends on 'Old Media'

News Corp. (NWS) logoNews Corp. (NWS) competes with other media conglomerates like The Walt Disney Company (DIS), CBS Corporation (CBS), Time Warner, Inc. (TWX), Viacom, Inc. (VIA) and The New York Times Company (NYT) in the media and entertainment business. Our price estimate for News Corp's stock stands at $23.20, which is a premium of roughly 25% to market price.

News Corp. recently revealed its digital magazine "The Daily," specifically designed for Apple, Inc.'s (AAPL) iPad. Rather than being a modification of existing magazines or newspapers, this is a completely new product optimized for tablet viewing. The company had reportedly invested about $30 million to create the product.

Continue reading News Corp. Launches Digital Magazine; Stock Still Depends on 'Old Media'

CBS Tops Estimate in Q4: Buy the Stock?

CBS Corporation (CBS) issued its fourth-quarter report after the bell today. The results should make shareholders happy. Adjusted net income rose an incredible 77% to 46 cents per share, according to the press release. That number went beyond the estimate by two pennies as indicated by TheFly.

Considering how the stock has fared over the past twelve months, one would have expected a good earnings report. The 52-week low for the shares is $12.26 while the 52-week high is $22.25. The chart communicates a company backed by some solid momentum.

Continue reading CBS Tops Estimate in Q4: Buy the Stock?

Disney Expected to Post Strong Q1 Results

Walt Disney (DIS) logoThe earnings season has been going pretty good so far, and Walt Disney (DIS) will get its chance to impress Wall Street this afternoon when it reports its fiscal first quarter results after the market closes.

Going into this afternoon's report, analysts are expecting to see the company report earnings of $0.56 per share, up from $0.47 during the same period last year.

Continue reading Disney Expected to Post Strong Q1 Results

Analyst Calls: FDX, HSY, IACI, FSLR, AON ...

Analyst Upgrades

  • FedEx (FDX) and Concur Tech (CNQR) to outperform from neutral at RW Baird.
  • Hershey (HSY) to outperform from neutral at Credit Suisse.
  • Open Text (OTEX) to outperform from sector perform at RBC Capital.
  • Bemis (BMS) and Hudson Pacific (HPP) upgraded to buy from hold at KeyBanc.
  • InterActiveCorp (IACI) to buy from neutral at BofA/Merrill.
  • KB Home (KBH) to neutral from sell at Goldman.
  • News Corp. (NWSA) to neutral from underperform at Cowen.

Continue reading Analyst Calls: FDX, HSY, IACI, FSLR, AON ...

Is News Corp. Saying Goodbye to MySpace?

There have been rumors for some time, fueled by occasional comments from News Corp., that the media giant's days of owning also-ran social network MySpace are numbered. News Corp. COO Chase Carey indicated that MySpace may be sold or spun out when he spoke on the company's earnings call on Feb. 2.

Buried in a line item of the News Corp. (NWS) fiscal second-quarter earnings release were the results of MySpace, under the category of "Other." The description of the segment was: "The Other segment reported a second-quarter operating loss of $156 million, which is $31 million greater than the prior year. This decline was primarily due to increased losses at the Digital Media Group, stemming largely from lower search and advertising revenues at MySpace."

Continue reading Is News Corp. Saying Goodbye to MySpace?

News Corp. Earnings: Growth in Adjusted Q2 Profit

News Corp. (NWS) issued its fiscal second-quarter report on Wednesday after the bell. The stock rose 2.5% to $17.51 on active volume by the end of the regular session. The reaction in the after-hours session was, to be honest, dreadfully boring. The shares finished up fractionally to $17.55 at the conclusion of that trading period. Guess the market wasn't too impressed by the earnings news; either that, or it figured that the rise before the posting of the numbers was good enough.

According to the corporate press release, adjusted net income calculated out to 29 cents per share in Q2. That was four pennies above the year-ago profit. Marketwatch says that the 29-cent figure was one penny ahead of the overall estimate.

Continue reading News Corp. Earnings: Growth in Adjusted Q2 Profit

MySpace Cuts Workforce by 47%

In the beginning, the auto industry had a wide array of manufacturers. As the industry grew, new companies formed but most went by the wayside. The same phenomenon is taking place in the Internet. As new companies are formed, older ones fade away.

Such is the story of MySpace, as the Wall Street Journal reports. Founded in 2003, it had a large following of musicians and was the leader in the new concept of social networking. In 2005, News Corp. (NWS) purchased the site for $580 million. The investment was intended to bring News Corp. into the digital age.

Continue reading MySpace Cuts Workforce by 47%

Facebook Edges Google as Most Visited Site in the U.S.

The world of Internet traffic moves at lightning speed. So, too, do the moods and preferences of users. Back in 2007, News Corp's (NWS) MySpace was No. 1. Google.com (GOOG) took the No. 1 spot in 2008 and 2009. In 2009, Facebook has taken the No. 1 spot, with 8.9% of U.S. visits, edging Google.com, which had 7.2% of visits, Reuters reported, citing online measurement service Experian Hitwise.

Facebook was started by Mark Zuckerberg and a few classmates in 2004. Facebook users can create profiles with photos, lists of personal interests, contact details and other information. Users can communicate with friends and other users through private or public messages and a chat feature. They can also join interest groups and "like pages."

Continue reading Facebook Edges Google as Most Visited Site in the U.S.

Will News Corp. Make the Right Decision Concerning MySpace?

According to an item highlighted by TheFly, it appears as if News Corp. (NWS) may be interested in selling MySpace. There are no guarantees, of course, but I'll tell you this: I hope a sale happens. And the sooner the better.

Sure, in theory, MySpace was a great acquisition. It was the hot destination on the web for a while. Reality, however, has a way of interfering with even the best ideas. The Internet can evolve very quickly; CEOs need to be extremely cautious about what they decide to buy when they are playing this part of the media game.

Continue reading Will News Corp. Make the Right Decision Concerning MySpace?

Disney Set to Report Q4 Earnings

The Walt Disney Company (DIS) will report fiscal fourth-quarter earnings after the bell on Thursday, November 11. This company is a big long-term holding for me, and if you've read anything I've ever written on the media conglomerate, you'll know that I haven't been too happy with it. Over the years, the stock just hasn't done as well as I thought it would do, not only in terms of capital appreciation, but also as it relates to dividend growth. On both counts, I'm thoroughly disappointed, but I'm particularly displeased with the dividend aspect. Sure, the shares have been a good trade at times, but when you've been an owner since 1998, like I have, the overall picture isn't one to be looked at with admiration.

So, I come up to yet another quarterly report. I enjoy reading them, but I'm not always satisfied with the reaction of the stock once the release has come and gone. What am I hoping for this time around? Please, Wall Street, buy this stock and push it past the 52-week high of 37.98! Is that too much to ask?

Continue reading Disney Set to Report Q4 Earnings

CBS: Buy or Sell After Q3?

cbs earningsCBS (CBS) reported third-quarter earnings last Thursday after the bell. On Friday, the shares closed down 3.7% to $17.01. The 52-week high for the stock is $18.20. Although the one-year chart doesn't show a smooth uptrend, it does indicate that the shares have exhibited a certain amount of strength. But does the sell-off on Friday, which was backed by strong volume, tell us that the stock should be avoided?

I've been cautious about this company. I have to admit, though, that it delivered a decent Q3. The press release says that adjusted profit jumped 40% to 35 cents per share. According to the Associated Press, that figure beat projections by four pennies. The AP article also mentioned something not so surprising: advertising dedicated to political races helped the period.

Continue reading CBS: Buy or Sell After Q3?

News Corp. Reports Q1 Earnings

News Corp. (NWS) has been traveling in a super-tight range over the past 12 months. The 52-week low is $13.21 while the 52-week high is $18.80. Wednesday, the shares closed the regular session at $16.44, but during the extended-hours period, the stock shot up over 3% to $16.99. This was in response to the media conglomerate's fiscal first-quarter report.

Look at the chart. It isn't so hot. It basically is telling you that there isn't a lot of room for error. Buy too high in the range and you could be in for an obligatory round of dollar-cost-averaging. Besides that, there are worries tied to the state of the economy, the quality of the advertising business, the change in digital-distribution strategies, etc. It isn't easy being a content producer these days.

Continue reading News Corp. Reports Q1 Earnings

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Symbol Lookup
IndexesChangePrice
DJIA-12.6715,294.50
NASDAQ-3.883,459.42
S&P 500-4.841,650.51

Last updated: May 23, 2013: 05:37 PM

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