Competition for television content is increasing. At a minimum, this will increase the costs BSkyB has to pay for content, and potentially could cause it to lose its lock on major sporting events.Ofcom is cracking down more from a regulatory perspective. It has successfully forced BSkyB to reduce
Competition for television content is increasing. At a minimum this will increase the costs BSkyB has to pay for content and potentially could cause it to lose its lock on major sporting events.Ofcom is cracking down more from a regulatory perspective. It has successfully forced BSkyB to reduce its
The convergence of media and technology is calling many media business models into question. If Viacom can't adapt to the changing environment, its shareholders could suffer.All too often, media executives have chased deals that made little economic sense. If Viacom uses its balance sheet for
A slower than-expected economic recovery could affect advertising sales, which represents about 50% of Discovery's revenue.International expansion can be challenging as Discovery grows into economies with infrastructures that are in various stages of development. Potential agreements may contain
Liberty has $17.7 billion in net debt. Its UGC division previously went bankrupt after taking on too much debt. With the current credit environment, additional debt will have high interest payments.This is John Malone's company, and his interests may not be aligned with minority
Growth is clearly slowing, but we continue to like Time Warner Cable's competitive position.
Heavy promotions produced solid customer growth at DISH Network DISH but took a toll on the firm's financials during the third quarter. The highlight of the quarter was the massive reduction in customer defections during the quarter. In addition to earnings, the firm announced it will pay a $2 per
Mediacom Communications MCCC delivered steady financial results but disappointing customer growth during the third quarter. The firm also refinanced a big chunk of debt during the quarter, pushing out the maturity of more than half of the debt coming due over the next four years. The cost of these
Virgin Media's VMED third-quarter results were a bit better than our expectations. Given the improved results along with the firm's successful refinancing of its large debt load, we're raising our fair value estimate. Virgin Media grew its on-net revenue by 5.3% and total revenue 1.3% in the
As we suspected following weak customer growth figures posted by the phone companies, Comcast CMCSA turned in a solid performance during the third quarter. The cable firm added nearly as many high-speed Internet access customers as a year ago, indicating it is taking share in this business, and it