Time Warner Bulls Out --- The Daily Debuts --- VZ iPhone Next Wed.
• Analyze This
: Time Warner
reported and analysts are bullish ... Collins Stewart
’s Tom Eagan
calls Q4 results “impressive” and has a target of $41; Macquarie
’s Andrew Kim
reiterates ‘outperform’ with a $40 target. Kim cites “at the networks, better than expected ad revenue growth” and “continued cost savings” in publishing. Eagan notes the continued sub revenue growth and the increased stock repurchases going from 8 to 13% of shares or $5B. --- The analyst who plays with the toys the most, BTIG
's Rich Greenfield
, has been having consternations - and questions for Jeff Bewkes
- as he tries out the new iPad-enabled Comcast
TV everywhere here
(registration required). --- Ad $s dropped @ AOL
in Q4, but not as badly as expected as the company reported $596M (off 26% y/y) revenues with ads down 29% to $332M. Restructuring continues. --- IAC
revenue for Q4 grew 27% y/y to $451M. The Match.com unit is buying OKCupid for $50M in cash (+ performance incentives) while writing down its Shoebuy.com acquisition of about $33M. --- Corning
is going wireless buying MobileAccess Networks
for over $150M; MobileAccess builds distributed antenna systems.
• Rules & Regs
will hold an open meeting on 02/08 with the Universal Service Fund front and center.
• Retrans, Renewals & Carriage
: Time Warner Cable
finally got ahead of the deadlines as they signed a long-term retrans deal ... no specifics, of course. --- Looks as though the FOX
stations and the Super Bowl will return to DIRECTV
customers in Northwest
territories as the two companies continue to negotiate a carriage deal.
: The turmoil in Egypt brings back the immediacy of on-the-ground reporters and video ... and live news feeds via MVPDs.
published its formal 1901 Broadband over Power Line Standard here
: Punxsutawny Phil
predicts an early spring ... as with global “warming,” it is a bit hard to take when the temperature at our house is a frigid -30° ... and dropping under sunny skies!
: He said, she said - listening to Microsoft
point fingers over search getting nasty. --- News Corp
’s The Daily
debuted for the iPad (temporarily bumping Egypt from FOX News
iPhone debuts at Apple
stores on the 9th.
• In the Courts
: The Bridge Lenders
, a Tribune
lenders group, dropped its competing plan. --- Verizon
says its suit against the FCC
's net rules should go forward; but it'll file again when the rules hit the Federal Register, too.
• Up in the Sky
says satellite STB shipments are down 8% in Western Europe and North America.
• Up, Over & Down There
: Egypt is back on the grid. --- Australia is getting much, much wetter.•