Money

Weather Channel Parent Landmark Turns Attention Towards Publishing Arm Sale - 0 Comments
Posted By Joseph Weisenthal - Wed 11 Jun 2008 04:21 AM PST

With the sale of The Weather Channel in its final innings—it’s down to Time Warner (NYSE: TWX) and NBC/BlackRock by all reports—parent company Landmark is now exploring the sale of…

NYTCo: Focused On Cost Cuts, Digital Growth, And Maybe A Prudent Acquisition - 0 Comments
Posted By Joseph Weisenthal - Tue 10 Jun 2008 07:16 AM PST

Straight from the “world’s largest climbing wall”, as they were introduced, a panel led of senior executives led by CEO Janet Robinson talked strategy at the Deutsche Bank Media &…

IAC: No Executive Bonuses In 2007; Sets Reverse Split - 0 Comments
Posted By Joseph Weisenthal - Mon 09 Jun 2008 03:58 PM PST

No top IAC (NSDQ: IACI) executives got bonuses in 2007, according to a preliminary proxy statement filed this evening. The reasoning is pretty straightforward: “There were significant achievements in a…

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Time Warner CEO Bewkes: News Corp.-MySpace Looked Dubious At First, Too - 0 Comments
Posted By Joseph Weisenthal - Mon 09 Jun 2008 10:53 AM PST

Looks like Time Warner (NYSE: TWX) CEO Jeff Bewkes might be answering questions about the Bebo deal for awhile. He’s already admitted that the company might have overpaid for the…

Jim Cramer: Too Many Me-Toos Trying To Build Next Guitar Hero; Think Cleveland Valley, Not SV - 0 Comments
Posted By Joseph Weisenthal - Mon 09 Jun 2008 06:33 AM PST

It wasn’t quite Mad Money on the roof of the Soho House, where Jim Cramer talked economics with a gaggle of press and internet folk this morning. But perhaps that…

Earnings: Take-Two Q2 Revs Soar On GTA Sales, Profit Beats Expectations - 0 Comments
Posted By Joseph Weisenthal - Thu 05 Jun 2008 02:06 PM PST

It looks like game maker Take-Two might have a hit on its hands with this Grand Theft Auto thing… the company reported Q2 revenue of $539.8 million, compared to just…

Discovery Holdings Finalizes Deal With Advance/Newhouse Combining Stakes In Discovery Communications - 0 Comments
Posted By Joseph Weisenthal - Wed 04 Jun 2008 01:11 PM PST

This was announced in principle last December, and now the details have been worked out: Discovery Holdings and Advance/Newhouse are combining their holdings in Discovery Communications (NSDQ: DISCA), which will…

Memo To Zuckerberg: Hope You Have Good Lawyers - 3 Comments
Posted By Joseph Weisenthal - Fri 30 May 2008 10:04 AM PST

Facebook CEO Mark Zuckerberg is not wanting for unsolicited advice. Sell now, wait for an IPO, follow your bliss… it’s all out there. However here’s some advice that sounds pretty…

Netflix Predicts For Peak Of DVD-By-Mail Business; Blockbuster Shows Off Kiosks - 0 Comments
Posted By Joseph Weisenthal - Wed 28 May 2008 07:53 PM PST

5-10 years: That’s how long Netflix (NSDQ: NFLX) has to get its digital house in order before its popular DVD-by-mail business starts to wane. CEO Reed Hastings made the projection…

Earnings: TiVo Q1 Revs Flat; Net Income Up On Lower Subscription Acquisition Costs - 0 Comments
Posted By Joseph Weisenthal - Wed 28 May 2008 01:15 PM PST

After announcing some fresh content deals this morning, DVR maker TiVo (NSDQ: TIVO) has announced Q1 revenue of $60.8 million, up slightly from $60.4 million in the year-ago quarter. The…

Earnings: Shanda Q1 Revs Up 46.5 Percent; Income Falls On Absence Of Stock Sale - 0 Comments
Posted By Joseph Weisenthal - Wed 28 May 2008 04:35 AM PST

Chinese media firm Shanda (NSDQ: SNDA) reported Q1 revenue of $111.1 million, a 46.5 percent year-over-year increase. Growth was driven by its core MMO business, which had revenue growth of…

XM Challenged To Maintain $120 Million In Escrow For MLB Deal - 0 Comments
Posted By Joseph Weisenthal - Tue 27 May 2008 08:01 PM PST

XM’s (NSDQ: XMSR) multi-year agreement to carry Major League Baseball requires the satellite operator to maintain $120 million in an escrow account. But the company noted in a filing last…

Earnings: Rediff FY08 Revenues At $32.25 Million, Profit At $5.03 Million - 0 Comments
Posted By Nikhil Pahwa - Fri 23 May 2008 10:13 AM PST

From ContentSutra: Indian online portal company Rediff (NSDQ: REDF) has announced earnings of $32.25 million for the fiscal year ending March 31st 2008 (FY08), up 13 percent from the previous…

Earnings: Netease Q1 Revs Up 17 Percent; Net Income Drops On Tax Change - 0 Comments
Posted By Joseph Weisenthal - Thu 22 May 2008 05:10 AM PST

Maturing MMO gamer Netease (NSDQ: NTES) isn’t quite showing the lights-out growth of some of its Chinese internet peers. The company announced Q1 revenue of $93 million, a 17 percent…

Earnings: Napster Revs Up 5.7 Percent; Net Loss Narrows; Watch That Positive Cash Flow - 0 Comments
Posted By Joseph Weisenthal - Wed 21 May 2008 01:17 PM PST

Will this be enough to fend off the barbarians at the gate? Music subscription service Napster (NSDQ: NAPS) has reported quarterly revenue of $30.7 million, a modest increase of about…

Napster Shareholder-Subscribers Launch Proxy Fight - 0 Comments
Posted By Joseph Weisenthal - Wed 21 May 2008 12:08 PM PST

Napster (NSDQ: NAPS) reports earnings after the close today, and once again it’s expected to post a loss. So far, anyway, its subscription music business hasn’t been a hit, and…

We Can Too: Russian Portal Mail.ru Also Plans IPO, in London - 0 Comments
Posted By Rafat Ali - Wed 21 May 2008 08:25 AM PST

If Yandex can mull a $2 billion IPO, so can Mail.ru: the Russian online portal Mail.ru is planning an IPO on London’s stock market which will value the business at…

Goldman Internet: Barry Diller: Taming The IAC Beast; Growing Internationally - 0 Comments
Posted By Joseph Weisenthal - Wed 21 May 2008 08:10 AM PST

I’d rather be catching his presentation live from the Bellagio, though in Las Vegas, as IAC (NSDQ: IACI) CEO Barry Diller pointed out: “Having a meeting at 8 o’clock in…

Time Warner: What Will It Do With $9.25 Billion In Cash? More Acquisitions On The Way; AOL Talks - 1 Comment
Posted By Joseph Weisenthal - Wed 21 May 2008 05:58 AM PST

With the complete separation of the cable unit, Time Warner (NYSE: TWX) will get a nice $9.25 billion dividend. So what’s the plan for all that cash? According to CEO…

Time Warner Officially Announces Plan To Separate Time Warner Cable; Will Get $9.25 Billion Dividend - 0 Comments
Posted By Joseph Weisenthal - Wed 21 May 2008 03:54 AM PST

This had been coming for awhile: Time Warner has officially announced plans to separate its Time Warner Cable (NYSE: TWC) unit, a chunk of which already trades independently. CEO Jeff…

Russian Portal Yandex To Do US IPO, Seeking $1.5-$2 Billion: Report - 2 Comments
Posted By Joseph Weisenthal - Tue 20 May 2008 04:12 PM PST

This should make for some fun S-1 reading when it comes out: Yandex, the dominant Russian portal/search engine plans to do a US IPO, according to Reuters. The report says…

Current TV: Ad Revenue Drops At Al Gore’s Network; Losses Widen En Route To IPO - 2 Comments
Posted By Joseph Weisenthal - Tue 20 May 2008 05:49 AM PST

Not the trend you want to be showing as you work towards an IPO: In its Q1 ended March 31, Current TV had ad revenue of just $2.5 million, a…

Eight Former AOL Execs Hit With SEC Fraud Charges, Including Overstating Online Ad Revs By $1b - 1 Comment
Posted By David Kaplan - Mon 19 May 2008 12:47 PM PST

Eight former executives at AOL (NYSE: TWX) have been accused of overstating online ad revenue by $1 billion and have been hit with fraud charges by the Securities and Exchange…

Lee Enterprises Takes $722 Million Charge On Pulitzer Acquisition - 0 Comments
Posted By Joseph Weisenthal - Thu 15 May 2008 07:38 AM PST

Back in March, newspaper publisher Lee Enterprises (NYSE: LEE) warned that it would take a $500-$700 million non-cash hit related to its $1.4 billion purchase of Pulitzer in 2005. We’d…

Earnings: Blockbuster Swings To Profit In Q1 As Revenues Drop 5.4 Percent - 0 Comments
Posted By David Kaplan - Thu 15 May 2008 06:04 AM PST

While movie renter Blockbuster (NYSE: BBI) saw Q1 profits of $45.4 million ($0.20 per diluted share) compared to last year’s $49 million net loss, the closing of over 400 retail…