The News Review:
- Yahoo! Inc. Q2 2009 Earnings Call Transcript
- Web retailers states tussle over tax rules
- Yahoo! ad revenue dip 13% as it unveils new homepage
- Morgan Stanley Explains Media Upgrades
- Bank of America HGSI RIMM CHL ETN MTB JCI LVS Popular Stocks
- Sprint reports wider loss fewer customers
- AMG quarterly profit drops but beats expectations
Yahoo! Inc. Q2 2009 Earnings Call Transcript
Seeking Alpha
The affiliate search business was somewhat stronger than & during 2Q but we believe this was a temporary deceleration in the longer term trend of this business. Traffic acquisition cost was 28% of total GAAP revenue. TAC rates continued to rise slightly year-over-year as a result of higher TAC on new deals and a mix of affiliate revenue during the quarter. Rounding out the revenue line listings revenue was down 21% to $106 million on a reported basis but down 6% excluding the impact of the sale of Kelkoo. Fees revenue was down 8% to $105 million primarily due to the transitional revenue items we have outlined on previous calls. Turning to profitability second quarter CF was $385 million. Excluding the cash portion of restructuring charges incurred in Q2 however CF was $451 million.
Related from Advertisingmonster: Live-Blogging Yahoo Earnings
Web retailers states tussle over tax rules
The Associated Press
wings 53 spends most of his time reviewing GPS gadgets and covering industry news. He links to navigation products of his choosing on Amazon’s site and if his readers click through and buy one he gets a commission. wings estimates he brought in about $80000 in affiliate revenue from various companies in 2008 about $50000 of which came from Amazon. After Amazon recently shuttered its North Carolina affiliate program in response to that state’s attempt to collect sales taxes wings said he and his wife were thinking about heading elsewhere to run their business. “We’re terrified” he said. “We just bought a house here a year ago and we’re looking at having to move out of state just to keep our business going. “The amount of money at stake overall for state governments is somewhat murky.
Yahoo! ad revenue dip 13% as it unveils new homepage
Marketing Week
1bn) in the same period last year with the company citing the ?the challenging economic environment?. Advertising revenue from owned and operated sites slipped 16% to $858m (£525m) hit by a 15% decline in search advertising and a 14% drop in display revenues while affiliate revenue declined 9% to $520m (£318m).  The decline in revenues helped push operating income down 25% to $101m (£62m). Carol Bartz chief executive officer says it is ?confident? the company will achieve growth and profitability long term.  ?ur new homepage is a perfect example of our efforts to create innovative products aimed at increasing user engagement while offering the most compelling advertising proposition in the industry? she says.
Morgan Stanley Explains Media Upgrades
Broadcasting & Cable
Speaking on a conference call Tuesday Swinburne explained the company?s decision to upgrade a handful of media stocks based on a more positive outlook: ?We believe that TV can grow in the mid-single digits when you take affiliate revenue and ad revenue together despite the emergence of alternative delivery platforms. ?Swinburne argues that investors should see things more positively in the sector given a few factors: TV usage is up (2. 7% in the first quarter of 2009) and TV represents 99% of all video viewing. Meanwhile pay-TV channels are benefiting from increased competition among a growing group of distributors which now includes telecos. Another factor: 88% of all primetime ratings in the 18-49 year old demographic are divided up between seven companies giving them a lot of negotiating leverage.
Bank of America HGSI RIMM CHL ETN MTB JCI LVS Popular Stocks
Ub News
68%) saying Street estimates set a “low bar” for any ad recovery. The firm sees 2% ad spending growth next year which would surprise investors. It also sees secular growth for cable TV networks saying they’ll enjoy 5% to 6% growth in affiliate revenue in 2010 and beyond. The firm said TV networks will “thrive in many cases due to growing viewership increased competition for their product by pay-TV distributors and the dominant inventory for national brand advertising. ”California-based East West Bancorp Inc.
Sprint reports wider loss fewer customers
Bizjournals.com
_38D9B727DAD54EBE929378498D672ECA. posted a wider second-quarter loss on lower revenue compared with the same period last year. 3 wireless carrier lost about 257000 customers during the quarter. In a release before the market opened on Wednesday the verland Park Kan. -based company (NYSE: S) reported a loss of $384 million or 13 cents a share for the quarter that ended June 30.
AMG quarterly profit drops but beats expectations
Reuters
For the second quarter AMG reported net income of $11million or 26 cents a share down from $34. 6 million or 82cents a share a year ago. Cash earnings per share which AMG says are made up of netincome plus amortization and deferred taxes related tointangible assets plus affiliate depreciation was $1. Analysts and the company focus on cash earnings per share. Analysts had expected 96 cents a share.