The News Review:
- Walt Disney F3Q09 (Qtr End 6/27/09) Earnings Call Transcript
- Yahoo! Inc. Q2 2009 Earnings Call Transcript
- Cablevision Systems Corporation. Q2 2009 Earnings Call Transcript
- Cover Story: Cable: Act Global Think Local
- Discovery Communications Reports Second Quarter 2009 Results
- CheapTweet Aims to Connect Retailers With Deal-Hungry Twitter Users
- Viacom Earnings: Upfront Almost Complete
Walt Disney F3Q09 (Qtr End 6/27/09) Earnings Call Transcript
Seeking Alpha
As anticipated programming production costs at ABC were up versus last year?s Q3 due to the timing of pilot development write-offs and more scripted programming in the current year given last year?s writers? strike. These higher costs were partially offset by increased international sales of our shows. The timing of affiliate revenue recognition at ESPN was a key driver of our results at cable networks. Revenue recognition for a portion of our affiliate fees is dependent on when we fulfill covenants related to the quantity of live sports programming. Last year we achieved certain programming commitment levels during our third fiscal quarter. This year we reached those levels early in the fourth quarter. As a result we had an effective year-over-year increase in net affiliate revenue deferrals for Q3 of $116 million.
Yahoo! Inc. Q2 2009 Earnings Call Transcript
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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.
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.
Cover Story: Cable: Act Global Think Local
Multichannel News
Already international markets are starting to have an effect on overall results. For example in its fiscal third quarter ended in May News Corp. said Fox International Channels which houses about 140 services reaching more than 350 million households increased its earnings contribution to the company by 25% compared to the prior year driven by advertising and affiliate revenue growth in Latin America and Europe. In 2008 Viacom saw international revenue (including filmed entertainment) rise 13.
Discovery Communications Reports Second Quarter 2009 Results
PR Newswire (press release)
perating expenses would have declined 13% excluding $7 million of costs related to WN incurred in the current quarter. Excluding the impact of foreign currency fluctuations revenues increased 7% led by 9% affiliate revenue growth primarily from subscriber increases in Latin America EMEA and Asia-Pacific. Advertising revenue in local currency terms was up 3% led by growth in EMEA and the UK. Adjusted IBDA decreased 5% to $92 million as the 5% revenue decline was partially offset by a 6% decline in operating expenses which included a content charge of $11 million in the quarter primarily at our German operations and $12 million unfavorable impact related to foreign exchange. Excluding the impact of foreign currency and the content charge Adjusted IBDA increased 21% reflecting the 7% revenue growth partially offset by 1% higher operating expenses as increased programming expenses were mostly offset by lower marketing and personnel costs. Commerce Education and ther (dollars in Three Months Ended Six Months Ended millions) June 30 June 30 ———————– ———————- 2009 2008 Change 2009 2008 Change —- —- —— —- —- —— Revenues $40 $41 (2%) $89 $81 10% Adjusted IBDA $5 $(3) NM $11 $(3) NMCommerce Education and ther second quarter revenues of $40 million were slightly lower than the second quarter of 2008 as increased education revenues from higher streaming volumes was offset by lower commerce revenues as a result of the transition to a new licensing model.
CheapTweet Aims to Connect Retailers With Deal-Hungry Twitter Users
ClickZ News
In some cases retailers will pay for sponsored links and prominent placement on the CheapTweet page. In other cases CheapTweet selects retailers that are offering what it considers the best deals in order to attract a bigger Twitter audience. Some relationships may have an affiliate revenue share model but right now all retail placements and terms are negotiated by Jenn Deering-Davis who is the chief community officer at CheapTweet parent company Appozite and administrator of the Twitter account. Last week CheapTweet posted what it considers two major developments: it opened a relationship with Best Buy and also created a new service allowing retailers to host “stores” on its site. According to Deering-Davis “we’ll be engaging in sponsored Twitter conversations as part of this partnership talking with the CheapTweet community about laptops and mobile phones telling you more about a few of Best Buy’s programs. Most importantly we want to share some of Best Buy’s best back-to-school deals. ” A CheapTweet store puts a retailer’s brand at the forefront and reduces CheapTweet branding to a small navigation bar.
Related from Mediaberri: Retailers Gear Up for Back-to-School with Social Media Campaigns …
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.