Globalstar’s Woes (GSAT)
Looking into recent IPO’s is usually more than interesting as far as financial investigations are concerned. There are usually the year’s best performers among the names, but there are also some of the year’s…
Media
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The name brand blogs. The big ones. Huffington. TechCrunch. GigaOm. Boing Boing. Ars Technica. SeekingAlpha. AOL has already bought Weblogsinc. It owns popular blogs including flagship Engadget. But, with the internet operations at newspapers…
Medai Digest 10/3/2007
According to Reuters, Verizon (VZ) is launching three new phones for the holidays, One will compete directly with the Apple (AAPL) iPhone. Reuters writes that Microsoft (MSFT) is releasing a new version of its…
WPT Enterprises, World Poker Tour, ‘Almost’ A Value Stock (WPTE, LACO)
If you have channel surfed on any Saturday afternoon, you’ve probably seen one version or some variation of "The World Poker Tour." This is owned by WPT Enterprises Inc. (NASDAQ:WPTE), or at least it…
Belo (BLC): A Reminder Of How Little Newspapers Are Worth
Belo (BLC) yesterday announced that it would separate its newspaper and broadcast properties into two separate companies. The firm’s shares rose from $17.50 to over $21. Belo’s newspaper revenue has dropped almost 10% in…
CBS (CBS) Loses Exec To Huffington Post
The head of the CBSNews.com division of CBS (CBS) is leaving to become CEO of big news and comment blog Huffington Post. Huffington has 3.5 million unique visitors per month and is listed as…
Media Digest 10/2/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, most mutual fund companies side with management on proxy issues. The Wall Street Journal writes that Ebay (EBAY) is taking a $1.4 billion charge for Skype. The Wall Street Journal reports…
Garmin Feeling Immediate Nokia-NAVTEQ Pressure (GRMN, NVT, NOK, TRMB)
We have already covered the Nokia (NYSE:NOK/ADR) buyout of NAVTEQ Corp. (NYSE:NVT). It is somewhat interesting that NAVTEQ would have allowed itself to be acquired in a no-premium buyout, even if shares are up…
Media Digest 10/1/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, UBS (UBS) will write-off $3.4 billion, another victim of the credit crunch. Reuters writes that the Teamsters and UPS (UPS) have come to a new contract. Reuters writes that Pfizer (PFE)…
SPAC IPO FILING: Sports Properties Acquisition Corp. (HMR, TAXI)
Sports Properties Acquisition Corp. filed to sell 20 million units at the traditional $10.00 per unit, and the company is granting an overallotment allowance of 3 million more shares. Sports Properties is taking the…
CBS Goes YouTube
The management at CBS (CBS) have finally caught on that most people do not want to watch feature length video content on PCs. The screens are small and sound systems weak. Old people like…
Media Digest 9/28/2007 Reuters, WSJ, NYTimes, FT, Barrons
According to Reuters, Goldman Sachs (GS) offered $1.5 billion for reinsurance broker Benfield Reuters writes that Alan Greenspan thinks the chance of a US recession is still below 50/50. Reuters reports that the head…
Resurfacing EchoStar & AT&T Discussions? (DISH, T)
Today’s rally in shares of EchoStar Communications (NASDAQ:DISH) can probably hold its thanks to TheStreet.com putting out an article and video noting that AT&T (NYSE:T) may be closer to acquiring the satellite TV provider. …
Will McClatchy (MNI) Miss Debt Payments?
Just a year ago, it would have been unthinkable that a major newspaper chain could miss its debt payments, But, that has now become a possibility at two of the larger public companies in…
Disappointment Over Microsoft’s HALO 3 Day One Sales? (MSFT, GME, ERTS, TTWO)
We all know about the incredible hype and demand for Microsoft’s (NASDAQ:MSFT) monster release of HALO 3 from Bungie Studios. The figure that is being thrown out is roughly $170 million in the first…