Stock Price Update, Earnings Results, Appointment, Acquisitions, and Reclassification Plans - Analyst Notes on Liberty Media, Scripps Networks, Nexstar Broadcasting, Korn Ferry, and CTC Media
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NEW YORK, March 19, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Liberty Media Corporation (NASDAQ: LMCA), Scripps Networks Interactive, Inc. (NYSE: SNI), Nexstar Broadcasting Group Inc. (NASDAQ: NXST), KornFerry International (NYSE: KFY), and CTC Media, Inc. (NASDAQ: CTCM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Liberty Media Corporation Analyst Notes
On March 13, 2014, Liberty Media Corporation (Liberty Media) announced that its Board of Directors has authorized the management to pursue a plan to reclassify its common stock so as to create two new tracking stock groups, one to be designated the Liberty Media Group and the other to be designated the Liberty Broadband Group, and to distribute subscription rights related to the Liberty Broadband Group. According to the Company, it intends to attribute to the Liberty Broadband Group its interest in Charter Communications, Inc., its interest in Time Warner Cable Inc. and its subsidiary TruePosition, Inc. along with a note obligation from the Liberty Broadband Group to the Liberty Media Group, a call option liability associated with Liberty's Time Warner Cable Inc. shares and liabilities at TruePosition, Inc. Liberty Media also said that cash raised from the exercise of Liberty Broadband subscription rights will be attributed to the Liberty Broadband Group. The full analyst notes on Liberty Media Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03192014/LMCA/report.pdf
Scripps Networks Interactive, Inc. Analyst Notes
On March 14, 2014, Scripps Networks Interactive, Inc.'s (Scripps Networks Interactive) stock increased 0.48%, ending the day at $78.74. Over the previous three trading sessions, shares of Scripps Networks Interactive declined 1.71%, compared to the Dow Jones industrial average Index which declined 1.75% during the same period. The full analyst notes on Scripps Networks Interactive, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03192014/SNI/report.pdf
Nexstar Broadcasting Group Inc. Analyst Notes
On March 13, 2014, Nexstar Broadcasting Group Inc. (Nexstar Broadcasting) announced that it has entered into a definitive agreement to acquire the assets of Internet Broadcasting Systems, Inc. (IB), which is a leading digital publishing platform and digital agency services provider for $20.0 million in a transaction that is expected to be accretive to 2014 results. Nexstar Broadcasting said that the acquisition will be funded through internal sources and is expected to close later in March 2014. The Company stated that the planned acquisition of IB substantially broadens Nexstar's digital media portfolio with technologies that are complementary to the Company's and IB's clients' existing digital businesses and multi-screen strategies. Nexstar Broadcasting mentioned that IB will operate as a separate division in the Company's digital media portfolio. The full analyst notes on Nexstar Broadcasting Group Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03192014/NXST/report.pdf
KornFerry International Analyst Notes
On March 12, 2014, KornFerry International (Korn Ferry) announced that Liz Boardman has joined the Company as Senior Client Partner of the firm's Sports Practice. According to the Company, Boardman has led senior executive assignments for sports organizations, major sports leagues, teams, conferences, and educational institutions. Jed Hughes, Vice Chair and Leader of Korn Ferry's Global Sports Practice, said, "Liz Boardman is a rising star and brings an impressive skill set and track record of accomplishment that she has developed through building outstanding relationships with key leaders in the industry. I am thrilled in her being a core part of our continued effort to expand our global sports practice. The credibility she has gained in the industry in just two years is unparalleled." The full analyst notes on KornFerry International are available to download free of charge at:
http://www.AnalystsReview.com/03192014/KFY/report.pdf
CTC Media, Inc. Analyst Notes
On March 6, 2014, CTC Media, Inc. (CTC Media) reported its financial results for Q4 2013 and full year 2013. Total operating revenue decreased 1.7% YoY to $259.7 million during the quarter. Net income attributable to CTC Mediastockholders was $45.5 million or $0.29 per diluted share in Q4 2013, compared to net income of $64.9 million or $0.41 per diluted share in Q4 2012. Full-year 2013 total operating revenue increased 3.4% YoY to $832.1 million. Full-year 2013 net income attributable to CTC Media stockholders was $152.3 million or $0.97 per diluted share, compared to net income of $93.1 million or $0.59 per diluted share in full-year 2012. The full analyst notes on CTC Media, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03192014/CTCM/report.pdf
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