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Why Comcast Should Focus on the NFL and not NBC
Excerpt from the InvestorGuide.com Stock of the Day on 11/13/2009

What's the point of being a media-mogul if you don't indulge every now and then with a splashy purchase? Focusing on your core business and driving more value to your customers is all well and good but its gets boring after a little while. M&A is where the real fun lies. Comcast CEO Brian Roberts shares these sentiments as was apparent when he launched a failed hostile bid for Disney in 2004 and as will be further crystallized, when he, likely next week, announces a deal to buy the majority stake in NBC Universal. Though Comcast shareholders will be getting NBCU at a decent price, over the long term, this transaction will not end up panning out as advertised.

Comcast is a cable shop. That's what Ralph Roberts intended the business to be when he founded it and then a few decades later, handed it over to his son Brian. The deal to buy AT&T's (T: Charts, News, Offers) cable assets in 2001 for $44.5 billion was a huge bet and it worked out well because it added to Comcast's core cable base and really put the company on the map as a major player in the business. But expanding into a different (albeit related) area such as content programming and development might not be a great idea. To give you a quick update, General Electric (GE: Charts, News, Offers), has for a while, felt that Matt Lauer and the Today show don't fit into it industrial six-sigma lifestyle and Vivendi, which owns 20% of NBCU, has been making noise about selling its stake in the open market. So as a solution, Comcast is going to step in and contribute some cash (probably close to $7-8 billion) and some of its cable assets into NBCU, and gain a 51% stake with GE owning the remaining 49% (Vivendi's stake would be completely bought out). Then, over the next 7 years, Comcast will gradually buy out GE's remaining 49% stake. After much haggling, GE and Comcast have agreed to value NBCU at around $30 billion (a decent price for Comcast). Furthermore, GE's 49% stake will be cashed out not based on a guaranteed amount but on NBCU's performance over the coming years. A deal hasn't been announced yet but when it is, these will be the likely terms. More >


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Looking Past the Hyperbole to Analyze Sirius
Excerpt from the InvestorGuide.com Stock of the Day on 10/9/2009

Sirius XM Satellite Radio had a busy news week. The company came dangerously close to filing for bankruptcy protection in February but a last minute deal with John Malone's Liberty Media saved the day. The stock has rebounded nicely since then, it was trading for about a nickel and now even though it is still in penny-stock land, its trading at $0.55. Sirius has become known for eliciting varying views from traders as people tend to reach different conclusions after looking at the same exact set of information. If you are curious to find out where you fall on the spectrum, read on. More >

Dish Network Profit Drops 81%
Excerpt from the InvestorGuide.com Stock of the Day on 8/10/2009

Dish Network Corporation (DISH: Charts, News, Offers) announced today that its quarterly profit dropped 81%. The second-largest satellite-television provider in the United States watched its net income fall to $63.4 million from $335.9 million a year ago. Dish posted a positive gain in subscribers for the first time in five quarters, yet its profit still took a major hit. The satellite TV provider's revenue was fairly consistent with previous quarters at $2.9 billion. So if Dish's subscribers increased and sales remained relatively constant, what exactly caused Dish Network's profit to fall so much? More >

Comcast Profits Rise While Subscribers Decline
Excerpt from the InvestorGuide.com Stock of the Day on 8/6/2009

As the largest cable company in the United States, Comcast Corporation is regarded as a "stock to watch" in the media sector, so everyone paid attention when the company announced its earnings yesterday. If you weren't paying close attention, however, you could have heard two very different stories. If you listened primarily to what the company was saying, you probably would have focused on the positive news - the company beat profit expectations, earning 33 cents per share, which beat estimates of 26 cents per share, and indicated a solid increase from the 21 cents per share years a year ago. Revenue rose slightly as well, gaining 4.5% to $8.94 billion. More >

E.W. Scripps Company (SSP) Upgrades

Date
Analyst
Old Rating
New Rating
05/23/2008
Bear Stearns
Peer Perform
Outperform
05/22/2008
Lehman Brothers
Underweight
Overweight
06/28/2007
JP Morgan
Neutral
Overweight
09/01/2006
A.G. Edwards
Buy
Hold
05/26/2006
Merrill Lynch
Buy
Neutral
04/05/2006
Citigroup
Buy
Hold

E.W. Scripps Company (SSP) Downgrades

Date
Analyst
Old Rating
New Rating
10/15/2008
Goldman Sachs
Neutral
Sell
07/25/2008
J.P. Morgan
Overweight
Neutral
07/16/2008
Lehman Bros
Overweight
Underweight
10/18/2007
Bear Stearns
Outperform
Peer Perform
05/07/2007
Morgan Stanley
Equal-Weight
Overweight
01/31/2007
Goldman Sachs
Neutral
Buy

E.W. Scripps Company (SSP) New Coverage

Date
Analyst
Rating
No new coverage listed for SSP at this time.
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