optionMONSTER submits:
By Chris McKhann
Shares of Regal Entertainment (RGC) are taking a break today after soaring 10 percent in the previous two sessions, but the options action is still all in the calls.
Archive for the ‘Media’ Category
Calls Surging in Regal Entertainment
On March - 10 - 2010
Why Geithner Went on Background
On March - 10 - 2010
Felix Salmon submits:
Kevin Drum asks a good question about the background blogger briefing at Treasury:
Having read a few posts from the bloggers in question, what I want to know is: Did they really learn anything? Did Geithner and the anonymous SAOs say anything interesting that they wouldn’t have said on the record? Or was it just a pure spin session?
Nexstar Broadcasting Group, Inc. Q4 2009 Earnings Call Transcript
On March - 10 - 2010
More Grim Milestones for The New York Times
On March - 10 - 2010
Ironman at Political Calculations submits:
According to documents filed with the SEC in February 2010, 2009 marked another grim milestone in the accelerating decline of the New York Times (NYT). Having already seen its weekday circulation drop below one million for the first time in decades earlier in the year, we can now confirm that the New York Times has now lost more than half its Sunday circulation in its home 31-county market in New York since its circulation levels last peaked in 1993.
The table below, taken from the New York Times’ SEC filings for its annual reports from 1993 through 2009 for its Sunday circulation data provides the hard data presented visually in the chart above.
IMAX Call Buyers Score Big
On March - 10 - 2010
Dr. Duru submits:
IMAX sold off almost 10% the day after heavy bullish trading on the stock’s options. This setback proved temporary as IMAX immediately turned around and set fresh 10-year highs on Monday. The chart below shows the recent action:
IMAX recovered quickly from last week’s setback to set fresh 10-year highs
Complete Story »
Rupert Murdoch Bullish on Charging for Online News
On March - 10 - 2010
Ravi Nagarajan submits:
Rupert Murdoch is bullish on prospects for organizations offering differentiated news content to charge for access to online editions. One interesting comment involved increasing the amount of content on The Wall Street Journal (NWS) that resides behind the pay wall.
While much of the Wall Street Journal has always been behind a pay wall, the editorial content was available for no charge until recently. Mr. Murdoch claims that placing that content behind the pay wall has actually increased circulation for the online edition. Mr. Murdoch also comments on the notion that only specialized, or niche, content can attract a paying audience.
PS3 to Get More Movies as Sony Signs Deal With All Six Studios for Movie Streaming
On March - 10 - 2010
Dan Rayburn submits:
Sony (SNE) just announced that 20th Century Fox, Walt Disney Pictures, Paramount Pictures, Sony Pictures Entertainment, Universal Pictures, and Warner Bros have all agreed to allow Sony to stream their movies over the PlayStation Network to users of the PS3. The service, which launched yesterday, is only available in the U.S. but will be expanded to consumers in U.K., France, Germany, and Spain.
The PlayStation Network is the first gaming console to offer high definition movies from all of the major movie studios and consumers will have the option to either buy or rent HD titles. There’s no word as to how many titles the studios will make available or how quickly they will be added, but Sony did list 18 new movie releases in the press release from all six studios that are available today.
8 Companies That Will Benefit From Cisco’s ‘Internet 2.0′ Initiative
On March - 10 - 2010
James Altucher submits:
I went on Kudlow’s show on CNBC last night to discuss the new Cisco (CSCO) announcement that, as CSCO put it, “will change the Internet forever.” I mentioned that this was a classic “sell the news” reaction with CSCO stock falling off into the close. Although I didn’t note, CSCO stock had had a nice rise going into this so some profit-taking is very normal and the stock is still significantly higher than where it was a few weeks ago.
I buy into the hype. I do think CSCO’s CSR-3 will change the Internet. Everyone was saying they thought CSCO would put out some new iPhone-like product for consumers so that was why the market was supposedly disappointed. This is far bigger. Think about what this will eventually mean: the dream is finally beginning to come true: a world where everywhere you go you are connected to the Internet, all the time, at super high speeds. It won’t happen tomorrow, but its getting there and the CSR-3 will be leading the charge. Here are the initial companies that I think will be long-term beneficiaries:
Google’s Chief Economist: ‘Newspapers Have Never Made Much Money From News’
On March - 10 - 2010
Erick Schonfeld submits:
Tuesday, Google (GOOG) chief economist Hal Varian gave a presentation to an FTC workshop on the changing economics of the newspaper industry. We all know that newspaper ad revenues have been falling off a cliff for years. Many media companies blame Google and are trying to put the genie back in the bottle with partial metered models for online news.
Why Treasury Doesn’t Like Principal Write-Downs
On March - 9 - 2010
Felix Salmon submits:
Well done to Shahien Nasiripour, who did the best job of anybody, at the Treasury blogger meeting yesterday, at getting Treasury’s officials to commit news. Specifically, he asked about Sheila Bair’s sensible idea that mortgage principal write-downs can help keep homeowners in their homes while also maximizing the value of the mortgage to the issuing bank. And he was told, quite clearly, that Treasury has been talking to Bair about this idea, and that if it makes sense at the bank level, it probably makes sense at the federal level, too, as part of the HAMP program to make mortgages affordable.
Except that once the meeting was over, its main architect, Treasury flack Andrew Williams, emailed Nasiripour to walk that particular idea back, saying that Treasury was NOT (his all caps) going to do anything “major” in terms of principal write-downs, and that any moves in that direction would be no more than “tweaks”.