Broadcast Stocks Decline (NWSA) (LMCA) (CBS)
Tweet
Share
E-mailGet Alerts NWSA Hot Sheet
Price: $27.98 --0%
Rating Summary:
23 Buy, 4 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 10 | New: 9
Rating Summary:
23 Buy, 4 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 10 | New: 9
Join SI Premium – FREE
A number of Broadcast/entertainment stocks declined on Wednesday. Decliners included News Corp. (Nasdaq: NWSA), CBS Corporation (NYSE: CBS), and Liberty Media Corporation (Nasdaq: LMCA), among others. In comments this morning, Nomura's Michael Nathanson noted ratings declines.
"Using the latest STD ratings (L+7 except for the last two weeks which are Live+SD), Adult 18-49 primetime ratings are down 8% with a wide range of variability. FOX, due to the declines of big shows like American Idol and X-Factor, is down 23%. ABC is down 8%, CBS (which includes the 2013 Super Bowl and the AFC Championship Game in Primetime) is down 3%, and NBC (which is comping against the 2012 Super Bowl) is down 4%. Excluding the Super Bowl, obviously CBS would be down more and NBC would be close to flat. While the broadcast universe is down 8%, ad-supported cable networks have not gained share with ratings down 1% STD," said Nathanson.
In other entertainment news, Fox is said to have collected $1.75 billion in ad commitments vs $1.95 billion in the prior season, according to Bloomberg reports. Fox average prices were up 5-7% and it received commitments for 80% of season inventory.
"Using the latest STD ratings (L+7 except for the last two weeks which are Live+SD), Adult 18-49 primetime ratings are down 8% with a wide range of variability. FOX, due to the declines of big shows like American Idol and X-Factor, is down 23%. ABC is down 8%, CBS (which includes the 2013 Super Bowl and the AFC Championship Game in Primetime) is down 3%, and NBC (which is comping against the 2012 Super Bowl) is down 4%. Excluding the Super Bowl, obviously CBS would be down more and NBC would be close to flat. While the broadcast universe is down 8%, ad-supported cable networks have not gained share with ratings down 1% STD," said Nathanson.
In other entertainment news, Fox is said to have collected $1.75 billion in ad commitments vs $1.95 billion in the prior season, according to Bloomberg reports. Fox average prices were up 5-7% and it received commitments for 80% of season inventory.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nomura/Instinet Upgrades HDFC Life Insurance Co Ltd (HDFCLIFE:IN) to Buy
- BTIG Downgrades Etsy (ETSY) to Neutral
- BofA Securities Upgrades Cintas (CTAS) to Buy
Create E-mail Alert Related Categories
Analyst Comments, General NewsRelated Entities
NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
