Dividend Authorizations, Acquisitions, Earnings Results, Negotiations, and New Appointments - Analyst Notes on Grupo Televisa, Scripps Networks, Nexstar, Sinclair and LIN Media
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 22, 2014 /PRNewswire/ --
Thursday May 22, 2014
Today, Analysts Review released its analysts' notes regarding Grupo Televisa, S.A.B. (NYSE: TV), Scripps Networks Interactive, Inc. (NYSE: SNI), Nexstar Broadcasting Group Inc. (NASDAQ: NXST), Sinclair Broadcast Group Inc. (NASDAQ: SBGI) and LIN Media LLC (NYSE: LIN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2785-100free.
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Grupo Televisa, S.A.B. Analyst Notes
An article on Bloomberg dated May 7, 2014 stated that Grupo Televisa's President of content, Jose Baston, said that the Company is currently in negotiations to develop exclusive shows for video-streaming provider Netflix Inc (NFLX). According to Bloomberg, nearly 3 million viewers watched last year's finale of "Devious Maids", a Lifetime drama based on a Grupo Televisa format. Further Bloomberg added that Grupo Televisa is tapping into the U.S. Hispanic community, which is estimated to make up a fifth of the country's population by 2025. The full analyst notes on Grupo Televisa are available to download free of charge at:
http://www.analystsreview.com/2785-TV-22May2014.pdf
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Scripps Networks Interactive, Inc. Analyst Notes
On May 14, 2014, Scripps Networks Interactive, Inc. (Scripps Networks) announced that its Board of Directors has authorized and declared a quarterly dividend in the amount of $0.20 per share. According to the Company, the dividend is payable on June 10, 2014, to shareholders of record as of the close of the business on May 30, 2014. The full analyst notes on Scripps Networks are available to download free of charge at:
http://www.analystsreview.com/2785-SNI-22May2014.pdf
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Nexstar Broadcasting Group Inc. Analyst Notes
On May 19, 2014, Nexstar Broadcasting Group, Inc. (Nexstar) announced its acquisition of Enterprise Technology Group (ETG), a provider of cloud-based content management, engagement and monetization solutions. Tom O'Brien, Nexstar's Executive Vice President/Digital Media and Chief Revenue Officer, commented, "ETG represents an excellent strategic fit with Nexstar's current digital media portfolio. Combining their multi-screen, responsive technology with Nexstar's existing digital platform and agency capabilities, from our Internet Broadcasting and Inergize Digital divisions, enables us to expand the range of "best of breed" content publishing and monetization tools that we can offer to power our clients' digital media businesses." The Company anticipates that the addition of ETG's operations will expand the Company's digital business portfolio to approximately $50 million in annual run rate of revenues. The full analyst notes on Nexstar are available to download free of charge at:
http://www.analystsreview.com/2785-NXST-22May2014.pdf
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Sinclair Broadcast Group Inc. Analyst Notes
On May 7, 2014, Sinclair Broadcast Group, Inc. (Sinclair) reported its Q1 2014 financial results with net broadcast revenues from continuing operations of $373.9 million compared to $252.9 million in Q1 2013. Net income was $27.2 million or $ 0.27 per diluted share compared to $17.0 million or $0.21 per diluted share in Q1 2013. "There were many positives in the first quarter that reflect our solid underlying fundamentals, despite the slower than usual start to the year due to the impact of the severe and frigid weather in many of our markets," commented David Smith, President and CEO of Sinclair." The Company anticipates Q2 2014 net broadcast revenues from continuing operations to be approximately $396.1 million to $399.6 million, up 41.8% to 43.1% YoY. The full analyst notes on Sinclair are available to download free of charge at:
http://www.analystsreview.com/2785-SBGI-22May2014.pdf
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LIN Media LLC Analyst Notes
On May 12, 2014, LIN Media LLC (LIN Media) announced the appointment of Adrienne Roark as the Company's President and General Manager of KOIN-TV, the local CBS affiliate, in Portland, Oregon. The Company informed that her appointment is effective on June 23, 2014. LIN Media stated that in her new role, she will be responsible for providing strategic direction, leadership and operational management for KOIN-TV and will report to Jay Howell, LIN Media's Vice President Television. According to Company, prior to her new role, Ms. Roark served for the last four years as Vice President and News Director at KTVT-TV, the local CBS affiliate in Dallas-Fort Worth, Texas. "Adrienne is a highly strategic and driven leader that brings an impressive range of large market experience to this position," said Howell, "She also has a genuine, heartfelt commitment to meeting the needs of our viewers and advertisers. I am excited to welcome her to the team." The full analyst notes on LIN Media are available to download free of charge at:
http://www.analystsreview.com/2785-LIN-22May2014.pdf
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