The News Review:
- Cablevision Systems Corporation. Q2 2009 Earnings Call Transcript
- Media Networks least weak point for Disney
- Yahoo! Inc. Q2 2009 Earnings Call Transcript
- Viacom Earnings: Upfront Almost Complete
- Yahoo! ad revenue dip 13% as it unveils new homepage
- Morgan Stanley Explains Media Upgrades
Cablevision Systems Corporation. Q2 2009 Earnings Call Transcript
Seeking Alpha
Josh SapanThank you Tom. For the second quarter revenue at our national programming networks AMC IFC and WE tv increased 7% to $199 million and ACF for the quarter was $96 million an increase of 5% as compared to the prior year period. The quarterly increase in revenue included 10% increase in affiliate revenue and a 2% increase in ad revenue compared to the prior year period. This moderate advertising revenue increase was accomplished in what is widely considered to be a challenging market due to the economy. The ACF increase was driven largely by this higher revenue partly offset by higher programming expenses in the quarter. For the second year in a row AMC received more primetime Emmy nominations than any other basic cable channel. ur series Mad Men Breaking Bad and Storytellers combined for a total of 23 nominations.
Related from Liabilitymanagementsystems: Bank of America Corporation Q1 2009 Earnings Call Transcript
Media Networks least weak point for Disney
Radio Business Report
4 billion and Cable Networks revenues declined only 1% to $2. perating income at Broadcasting decreased 34% to $204 million for the quarter primarily due to higher costs for primetime programming and lower advertising sales at the & stations and at the ABC Television Network partially offset by increased international sales of ABC Studios productions led by “Grey’s Anatomy” and “Criminal Minds. ” Higher programming costs were driven by increased pilot costs as pick-up decisions this year generally occurred in the current quarter compared to the fourth quarter of the prior year as the Writers Guild of America work stoppage led to delays in pick-up decisions. Lower advertising revenues at the ABC Television Network were primarily due to decreases in news daytime and primetime. The decrease in primetime was due to lower ratings the company said in describing the quarter. perating income at Cable Networks decreased 8% to $1.
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.
Viacom Earnings: Upfront Almost Complete
Broadcasting & Cable
97 billion largely on lower sales of music video game Rock Band. perating income was down 12% to $671 million. Worldwide affiliate revenue was up 9% though ancillary revenue was down 41% worse than expected. Viacom net earnings fell 32% to $277 million operating income was down 26% to $586 million while total revenue fell 14% to $3. n the call Viacom also noted a deal with Verizon FiS for carriage of the new premium channel Epix a joint venture between Viacom-owned Paramount Lionsgate and MGM. In a statement Dauman said: "While the global economy continued to be a challenge in the second quarter the diversity of our revenue streams sequential improvement in our domestic advertising sales our generation of cash and our operational discipline all helped to temper the short term impact.
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.