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Analyst upgrades: EBAY, EXPE, NOK and YRCW

Posted Aug 3rd 2007 10:45AM by Kevin Shult (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Good news, eBay (EBAY), Nokia Corp. (NOK), Expedia Inc (EXPE), YRC Worldwide (YRCW), Stocks to Buy

MOST NOTEWORTHY: Expedia (EXPE), YRC Worldwide (YRCW), Fiserv (FISV), and select radio stocks were today's noteworthy upgrades:
  • JP Morgan upgraded Expedia (NASDAQ: EXPE) to Overweight from Neutral on expectations for U.S. bookings growth and margin stabilization.
  • YRC Worldwide (NASDAQ: YRCW) was raised to Neutral from Underperform based on valuation.
  • Fiserv (NASDAQ: FISV) was upgraded to Sector Outperformer from Sector Performer at CIBC following the CheckFree (CKFR) acquisition.
  • Banc of America upgraded Citadel Broadcasting (NYSE: CDL), Cox Radio (NYSE: CXR) and Entercom Comm (NYSE: ETM) to Neutral from Sell as they believe it is time to cover short positions with the expected Q3 weakness likely priced into shares. They caution that this upgrade is not a buy signal as downside risk remains...
OTHER UPGRADES:
  • Baird raised Lear (NYSE: LEA) To Outperform from Neutral.
  • Nokia (NYSE: NOK) was upgraded to Outperform from Neutral at Credit Suisse.
  • Pacific Crest upgraded shares of eBay (NASDAQ: EBAY) to Outperform from Sector Perform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

FCC settles payola probe for a song

Posted Apr 15th 2007 1:10PM by Barry Summerlin (RSS feed)
Filed under: Bad news, Marketing and advertising, CBS Corp 'B' (CBS),

To the tune of just $12.5 million, the Federal Communications Commission on Friday wagged a white-gloved finger at four top radio broadcasters -- Clear Channel Communications Inc. (NYSE: CCU), CBS Radio (NYSE: CBS) (not CBS's best week), Entercom Communications Corp. (NYSE: ETM) and Citadel Broadcasting Corp. (NYSE: CDL) -- resolving a two-year payola investigation. "A breakthrough and a milestone" in the war on payola, FCC Commissioner Jonathan Adelstein called the settlement.

The FCC's longstanding regulations don't actually prohibit the pay-for-play system, they merely require its disclosure at the time of broadcast. Said Adelstein, "These rules are based on the basic principle that listeners and viewers are entitled to know who is seeking to persuade them so they can make up their own minds about the content."

Such a principle is hardly "basic," and ignorance of sponsorship gives no pass to indiscriminating radio listeners. Marketing pays our fare at every turn; we've become resigned to the notion that behind every song we hear, every TV image we view, every word we read (including these), a dollar sign usually lies quietly. The trick to Adelstein's basic principle is not in knowing who's paying the piper -- or who the piper's paying, in this case -- but in quieting one's cynicism enough to hear the music.

Continue reading FCC settles payola probe for a song

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Last updated: November 28, 2009: 03:14 AM

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