BLC
Source: Jon OggThe world of media convergence gets stranger and stranger by the month. Old media wants to be new media, but now it seems that the billionaires want to control the world of old media....
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Source: ThinkstockGannett Co. Inc. (NYSE: GCI) reported second-quarter 2013 results before markets opened this morning. The media company posted adjusted diluted earnings per share (EPS) of $0.58 on...
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Source: thinkstockThe owner of the Los Angeles Times, the Chicago Tribune and other major daily newspapers is spending about $2.73 billion to acquire 19 TV stations in 16 markets. The Tribune Company...
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U.S. equity markets opened lower this morning, but gathered steam following encouraging reports on new claims for jobless benefits (down) and retail sales (up). There was little economic data from...
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Source: thinkstockToday’s announcement that Gannett Company Inc. (NYSE: GCI) would pay $1.5 billion in cash and assume more than $700 million debt to acquire Belo Corp. (NYSE: BLC) comes about two...
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Source: ThinkstockMedia firm Gannett Company Inc. (NYSE: GCI) this morning signed a definitive merger agreement with TV station owner Belo Corp. (NYSE: BLC) to acquire all the outstanding shares of...
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Lee Enterprises, Inc. (NYSE: LEE) is a tiny media company with news and advertising. It serves midsize and small markets in the United States with 52 daily and 39 Sunday newspapers, as well as with...
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It is no secret that the newspaper business has not been a good sector over the last decade. Subscriptions declined about as fast as the number of smokers did in the 1990s. The business model of...
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The “services sector” is almost too broad to be counted when screens are conducted. Throwing in publishers, media, cable, travel, restaurants, auto-parts and advertising into a single screen...
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We have another week that has passed by and there were many stand-out research calls that took place throughout the last week. Our top analyst calls, some of which are dubious honors and some of...
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Gabelli & Co. has a unique research report out this morning and we took a look at this to see where the opportunity is. Imagine that television stocks should still be winners after all the reports...
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The struggle for large urban newspapers to stay in business has largely been an effort on the part of their managements to increase revenue on the Internet faster than it is lost in their print...
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EW Scripps Co. (NYSE:SSP) is following the media trend of separating its operations into more pure play media sectors. The good news here is that the valuable interactive unit will no longer...
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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...
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There has been a solid recovery in newspaper and media plays in recent weeks, for some obvious merger reasons. But the continuously deteriorating fundamentals in the sector lend a credence that...
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