Tag Archive
No Time For Games – US-FOREX.US
Another month, another hit to an industry that once seemed immune to the financial distress afflicting broad segments of the economy. Sales of video games, both hardware and software, fell 29% in July compared to the same month in 2008, according to research group NPD. That’s the fifth consecutive monthly decline, although a smaller one… »
Threes A Crowd For Microsoft – US-FOREX.US
Microsoft is in a friendly mood. A few weeks after striking a 10-year agreement with search engine Yahoo!, the software company has announced a five-year strategic alliance with French advertising agency Publicis, as well as plans to sell its digital ad unit Razorfish to the French company for 530 million. Although there doesn’t seem to… »
Pearson Passes The Test – US-FOREX.US
British publisher Pearson is speeding ahead. The publisher of the Financial Times, Penguin Books and school materials in the United States beat market expectations for the first half despite declining newspaper sales and a deteriorating U.S. school publishing market. In upgrading its guidance for earnings per share the company is betting on stronger sales than… »
Time Warner- US-FOREX.US
Time Warner is hoping the magic of the movies will act as a counterweight to falling advertising revenue.Wall Street expects the company to report second-quarter earnings of 37 cents per share on Wednesday, nearly half of the 72 cents it pulled in a year ago. Since the New Year, Time Warner
’s stock has remained relatively… »
Fears On Pearsons Outlook- US-FOREX.US
British publisher Pearson has so far left competitors eating dust. Pearson’s Financial Times circulation sales have grown steadily and the publisher has gained steady market share in its education business in the U.S. But the picture of a solid business might be very different for the second half of the year, some analysts warned on… »
Gannetts Reckoning – US-FOREX.US
Weak, weak, weak, that’s the outlook for media and advertising company Gannett, says JPMorgan Chase analyst Alexia Quadrani. She has a neutral rating on the stock as Gannett report earnings Wednesday.Though noting that Gannett Co.
is “one of the cheapest stocks in our universe,” Quadrani writes, “we see no positive near-term catalysts for GCI stock.” Quadrani… »
The Beeb Makes A Billion – US-FOREX.US
Here’s a media company making money for a change: BBC Worldwide, the main commercial arm of the public service British Broadcasting Corp., managed for the first time to post sales of more than 1 billion pounds , rising 9.6% from a year earlier, while profits before taxes fell, due to one-off writedowns.
The BBC, which is… »
Private Equity Moonwalks Back Into Music – US-FOREX.US
In the summer of 2007, private-equity firm Terra Firma bought ailing record label EMI for 4.9 billion, evidently hoping a program of cost-cutting and digital investments would help turn the company around. But Terra Firma ended up writing off nearly half of its investment earlier this year, a sign that even the wizards of private… »