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April 18, 2012
14:06 EDTVZ, VOD, CLWR, T, DISHDISH retreats after Verizon announces plans to sell spectrum
Verizon Wireless (VZ, VOD) announced this morning plans to conduct an open sale process for all of its 700 MHz A and B spectrum licenses in an attempt to rationalize its spectrum holdings. The licenses cover dozens of major cities across the country, as well as a number of smaller and rural markets, the company stated. In a note to investors this afternoon, Goldman Sachs said Verizon's decision is likely an attempt to appease regulators, making it less likely that AT&T (T) or Verizon (VZ) will look to buy spectrum in the future. As a result, Verizon's decision is negative for companies looking to sell spectrum, including DISH Network (DISH), argued Goldman, which maintains a Sell rating on shares of DISH. Meanwhile, research firm Jefferies called Verizon's move surprising, and added that the spectrum which Verizon is looking to sell is arguably the best spectrum available. Verizon's decision may cause the sale of spectrum by Clearwire (CLWR) to be delayed, Jefferies added. As a result, Clearwire's stock could have difficulty gaining momentum until more details about Verizon's spectrum deal become known, the firm predicted. In mid-afternoon trading, DISH shares dropped $1.36, or 4.27%, to $30.47, while Clearwire shares fell 10.05% to $1.70.
News For DISH;CLWR;VZ;T;VOD From The Last 14 Days
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September 30, 2015
10:01 EDTDISHTEGNA says company, DISH have agreed to 24-hour contract extension
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09:31 EDTVZVerizon Ventures partners with Grand Central Tech
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07:20 EDTTAT&T Q3 wireless adds better than expected, says UBS
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05:38 EDTTAT&T IoT technology used by Maersk
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September 29, 2015
16:52 EDTTAT&T backs FY15 adjusted EPS view $2.62-$2.68, consensus $2.62
Backs FY15 double-digit revenue growth, consensus $153.06B. In a regulatory filing, AT&T reiterated its guidance for full-year adjusted EPS, double-digit revenue growth and continued consolidated margin expansion, even with foreign exchange pressure from the company's international operations. The company also expects capital spending to increase from second-quarter levels and free cash flow to be greater than $4.5B for the quarter. The company also reaffirmed all other full-year guidance. AT&T's wireless performance includes results from both business and consumer customers. AT&T expects more than 2M total net adds in the third quarter with gains in every customer category (postpaid, prepaid, connected devices and reseller). The company also expects positive branded voice net adds in the quarter. As a result, and with a continued focus on efficiency initiatives, the Company expects to maintain momentum in wireless service EBITDA margins. AT&T said its early integration efforts with DIRECTV are going well and are in line or better than expectations. The Company expects to report positive U.S. DIRECTV net adds in the third quarter and positive IP broadband net adds. U-verse TV subscribers are expected to decline as the Company continues to focus on satellite and high-value subscribers. The Company also said that it is changing the methodology DIRECTV used to count commercial subscribers to conform to AT&T practices. Previously, DIRECTV used a method of counting commercial customers that converted commercial accounts to an equivalent number of residential subscribers based on relative revenues per account. Under the new methodology, the Company will simply count each commercial account as one subscriber. This will reduce DIRECTV's total subscriber count by 918,600 at acquisition close on July 24, 2015. This change has no impact on historical or future revenues, EBITDA or cash flows. In International, the Company continues to show great progress in its deployment of 4G LTE in Mexico as the Company invests in that country's wireless network. AT&T is on track with reaching its end-of-year goal of covering 40 million POPs. The Company also continues its work on creating operating efficiencies for its Latin America satellite properties, even with foreign exchange pressure. AT&T will announce its full third-quarter results on Oct. 22.
13:09 EDTDISHGoogle to bring Showtime, NBA content to Chromecast
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12:27 EDTTAT&T may take $1.1B charge for DirecTV Venezuela assets, Reuters reports
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10:56 EDTTAT&T may take $1.1B charge for DirecTV Venezuela assets, CNBC says
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06:18 EDTVZPublicis signs advertising partnership with Verizon's Go90 service, WSJ reports
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September 28, 2015
14:08 EDTVZAOL announces the launch of LIVE by AOL
AOL announced the launch of LIVE by AOL, a comprehensive end-to-end service for the production, streaming, distribution and monetization of live events. LIVE by AOL brings together AOL's world-class video expertise with Verizon Digital Media Services to give content and media partners access to a complete suite of live experience solutions for all screens and devices. LIVE by AOL provides content and media partners with unprecedented distribution through the company's owned and operated properties, including, The Huffington Post, TechCrunch and more, in addition to a holistic and open network of over 1,700 publisher partners for live distribution across mobile, digital, over-the-top, and linear TV. In addition to LIVE's expansive reach, the solution also provides complete production capabilities, full content-preparation supported by cross-device, cloud-based encoding that is combined with Verizon Digital Media Services' high-performance stream delivery, and options to monetize through various advertising, sponsorship, and native integration options. "As the video landscape continues to evolve, live programming is the next frontier for innovation," said Jimmy Maymann, EVP and President, AOL Content & Consumer Brands. "LIVE by AOL not only unites the pillars of our business, but enables all of our content and media partners to tap into the power of live programming and bring that success to their own properties. As the lines between traditional television and online video blur, producing, distributing, and monetizing live content in the digital realm will be a deciding factor for those who successfully step into the next era of video."
13:42 EDTVZVerizon offers annual upgrade plan for iPhone users
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07:28 EDTTSamsung to pay customers up to $120 for buying new Galaxy phone, Verge says
Samsung's (SSNLF) new promotion in the U.S. will pay the rest of a customer's monthly payments in 2015 towards a new Galaxy S6, S6 Edge, S6 Edge+, or Galaxy Note 5, the Verge reports. The promotion will result in $120 off the price of any of those phones if users buy one under a new carrier installment plan between now and October 9, the report says. AT&T (T) will sit the promotion out, the report says. Reference Link
06:50 EDTVZVerizon's go90 wins $80M from backers, NY Post reports
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05:07 EDTVODVodafone says asset exchange talks with Liberty Global have ended
On June 5, Vodafone Group (VOD) confirmed that it was in the early stages of discussions with Liberty Global (LBTYA) regarding a possible exchange of selected assets between the two companies. Vodafone today announced that discussions with Liberty Global have terminated.
September 27, 2015
16:21 EDTDISHDISH says TEGNA threatens to initiate channel blackout
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September 25, 2015
10:48 EDTDISHMorgan Stanley cautious on media, but sees several stocks punished too hard
Morgan Stanley cut its price targets on a number of media companies, citing the impact of cord cutting and skinny bundles. The firm also reduced its outlook for the pay-TV sector due to its belief that the adoption of skinny bundles will accelerate, while the outlook for cable TV ads has deteriorated slightly, given macro pressures. The firm kept a Cautious view on the media sector, but also identified several stocks in the space that it thinks have been punished too harshly by investors recently. WHAT'S NEW: TV networks in general, and cable networks in particular, have the highest margins in media and are encountering increased top and bottom line competitive pressures, Morgan Stanley analyst Benjamin Swinburne believes. On the top line, they are being hit by ratings and ad pressures as well as cord cutting and distribution consolidation, the analyst stated. Meanwhile, their profit is being hurt by the increased need to obtain new content and intensified competition for content from new sources like Netflix (NFLX) and Google's (GOOG) YouTube, Swinburne said. However, the analyst thinks that media stocks are "starting to get" cheap, given the leverage that many of the companies carry. Swinburne cuts his price target on 21st Century Fox (FOXA) to $31 from $37, on AMC Networks (AMCX) to $86 from $88, on CBS (CBS) to $46 from $56, on Time Warner (TWX) to $72 from $87 and on Viacom (VIAB) to $48 from $60. He kept Overweight ratings on Fox, AMC and CBS, an Equal Weight rating on Time Warner and an Underweight rating on Viacom. OVERDONE DECLINES: Swinburne believes that the declines in three media stocks - CBS, 21st Century Fox, and AMC Networks - have been overdone, while the decline in Comcast's (CMCSA) stock has also been excessive. CBS and 21st Century Fox are "best positioned for the skinny bundle" and have the cheapest valuations relative to their growth rates, Swinburne believes. Meanwhile, AMC Networks has "content momentum" and its EPS can exceed expectations, the analyst believes. Comcast is gaining share in the broadband Internet market, could take share in video soon, and has sufficient scale and offerings to benefit from the increased popularity of skinny bundles, according to the analyst, who kept an Overweight rating on the stock. The media sector could benefit from consolidation going forward, added Swinburne, who recommended that investors interested in buying potential takeover targets in the space focus on AMC Networks, MSG Networks (MSG) and Dreamworks Animation (DWA). He kept Overweight ratings on all three of those stocks. OTHERS TO WATCH: Besides Comcast, other pay TV companies include DISH Network (DISH) and Charter Communications (CHTR). PRICE ACTION: In early trading, Fox A shares lost 0.5% to $25.83, AMC fell 0.3% to $73.29, CBS added 0.2% to $41, Time Warner was little changed at $67.66 and Comcast A shares added 0.6% to $57.17.
September 24, 2015
19:03 EDTVZVerizon offers annual upgrade plan for iPhone users
In the wake of recent iPhone purchase plans announced by Sprint (S) and T-Mobile (TMUS), Verizon (VZ) announced that customers who purchase either the Apple (AAPL) iPhone 6s or iPhone 6s Plus with Verizon's Device Payment option will be eligible to get a new iPhone every year. "Yes, no more waiting for your contract to end... The new program allows you to turn in your phone and upgrade to a new iPhone every year," remarked the company. Verizon added that its customers will still have the option to pay off the phone without upgrading.
12:10 EDTVZVerizon management to meet with Jefferies
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11:24 EDTVZAOL's head of video McCormack exiting company, Variety reports
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09:22 EDTT, VZSprint to offer iPhone 6s 16GB for $1 per month
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