GameStop Corp. (NYSE:GME) has posted earnings of $0.31 EPS (after $0.02 debt retirement cost) and sales were $1.6112 Billion for the quarter. First Call had estimates at $0.21 EPS and $1.4 Billion revenues. This…
It looked like the FCC was going to have cable companies for dinner. The commission was talking about forcing cable systems to open channels to small networks, and perhaps planning to halt future acquisitions…
McClatchy (MNI), the large newspaper chain, reported dismal results for the month of Octobers. The company reported both consolidated advertising and total revenues in October 2007 decreased 9.9%.. Classified advertising fell almost 20% and…
According to Reuters, Goldman Sachs (GS) issued a report saying the housing sector had much further to fall and that some financial institutions would have to raise money to stay in business. The report…
Chinese advertising giant Focus Media Holding Ltd.(NASDAQ:FMCN), is set to report earnings after the close. First Call has a limited range of from only a few analysts, but this quarter is expected to show…
Gannett (GCI) reported grim numbers for October, and debt-laden newspaper chain McClatchy (MNI) took it hard. Shares of the Sacramento-based newspaper chain hit a 52-week low of $15.07, down well over 60% since the…
Silicon Alley Insider has passed PaidContent.org as the leading media industry blog, just four months after going into business. According to Alexa.com, an online traffic rating service, Alley Insider ranked 13,472 among all websites…
Gannett (GCI) reported that total pro forma operating revenues for the period ended November 4, 2007 declined 6.8 percent compared with the same period in 2006 Pro forma classified revenues were down 9.7 percent…
According to Reuters, some auto industry experts think car sales could hit a 15-year low in 2008. Reuters reports that the OPEC summit ended with members disagreeing about what to do about the weak…
Garmin Ltd. (NASDAQ:GRMN) decided to take the steps that insure its future is secure. The personal navigation device maker has signed a 6-year extension to the agreement with NAVTEQ (NYSE:NVT) (soon to be part…
Gannett (GCI) is the largest newspaper chain in the US and its prized property, USA Today, is the largest paper by total circulation. It is a bad sign then that such a large company…
According to Reuters, the pace of capital spending in China rose quickly, making a rate increase likely. Reuters writes that an investigation into the finances of Fannie Mae (FNM) is likely after Fortune magazine…
According to Reuters, Barclays (BCS) took a $2.7 billion write-down due to exposure to subprime markets. Reuters writes that IBM (IBM) will push into the business of running huge data centers for operations like…
Newspaper chain Gatehouse (GHS) has been down as much as 15% today on poor earnings and a downgrade from "buy" to "neutral" at Goldman Sachs (GS). And, this may just be the beginning. Gatehouse…
According to Reuters, executives at Ford (F) say that they see a tough US market and will cut production as necessary. Reuters reports that Northern Rock received an injunction from the publication of memos…