More 2Q Plus Dividends
Media business 2Q reports are coming in strong, with more expected. But don't look for share prices to soar. According to Reuters, analysts see a glum outlook for continued advertising gains. --- Meanwhile, on those reports ... Virgin Media beat the Street's estimates on EBITDA and free cash flow. Collins Stewart's Tom Eagan gives it a "Buy." --- Revenues at tech provider Broadcom hit a record $1.604 billion, up 9.7% from the previous quarter and up 54.3% from the year earlier period. --- IAC
reported revenues of $402.9 million for the second quarter, up 10%
year-over-year. The company's Search profits led growth; Media &
Other saw reduced losses. --- TV Azteca says World Cup Soccer help boosts its 2Q results to net sales of Ps.2,859 million ($224.8 million) up 16% yoy.
Quarterly Dividends: Comcast
says its quarterly dividend of $0.0945/share on the company’s common
stock will be payable to shareholders of record as of the close of
business on 10/6/10. --- Viacom will pay $0.15/share on its Class A and Class B common stock to stockholders of record at the close of business on 8/31/10.•
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