The News Review:
- Execs agree deal’sa milestone
- ChinaEdu Reports Third Quarter 2008 Results
- Valassis Communications, Inc. Q3 2008 Earnings Call Transcript
Execs agree deal’sa milestone
Sports Business Journal (subscription), NC
The deal, which saw ESPN bid $100 million more than Fox to secure the BCS rights, had attendees questioning what broadcasters had to do to be able to compete for future rights. Cable networks, like ESPN, have an advantage thanks to their dual revenue streams from advertising and affiliate sales. ESPN, which gets about $4 per subscriber per month from cable and satellite operators, pulls in more from affiliate revenue than other national cable networks, giving it another advantage. The consensus seemed to be that broadcasters will have to change their strategy. “There’s this whole issue of retransmission consent,” said Fox Sports Networks President Bob Thompson. “That can become their second revenue stream. You have to decide if you’re going to go after cash or get other channels launched on the cable side.
ChinaEdu Reports Third Quarter 2008 Results
FOXBusiness
1% increase from RMB2. 5 million for the corresponding period in 2007. Most of our subsidiaries and affiliate companies were qualified under prior tax laws and regulations as “new and high technology enterprises,” and therefore received certain tax exemptions and a preferential tax rate. Under the new Chinese Enterprise Income Tax Regulation, which became effective in 2008, the statutory tax rate for all enterprises in China is 25%, except for enterprises who have obtained the newly implemented “new and high technology enterprises” status in order to qualify for the 15% preferential tax rate. We are in the process of re- applying for the newly implemented “new and high technology enterprise” status; however, until we receive official approval of this status, the Company must use the 25% statutory tax rate instead of the current preferential tax rate. As a result, the effective income tax rate applicable to the Company has been significantly higher in the third quarter of 2008 than during the corresponding period in 2007. Minority interest was RMB7.
Related from Aviationmonster: ACE Aviation reports third quarter 2008 results
Valassis Communications, Inc. Q3 2008 Earnings Call Transcript
Seeking Alpha, NY
We expect no changes in our Valassis of Canada business with the exception of lower SG&A costs. We are negotiating to sell our One-to-One Services business to the current non-affiliate management of that business. These negotiations are expected to conclude in the fourth quarter. Losses are expected to total approximately $2 million in 2008 for this business. Our RedPlum interactive business is key to our future growth and therefore we have decided to continue to invest in its development. We expect reduced expense levels and improved revenue in 2009 resulting in a $2.