Media and Advertising Companies Announce Financial Results, Advertising Exchanges, Investments, Dividends and Acquisitions - Research Report on Pandora, News, Grupo Televisa, IPG, and Lamar Editor Note: For more information about this release, please scroll to bottom
NEW YORK, August 27, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Pandora Media, Inc. (NYSE: P), News Corp. (NASDAQ: NWSA), Grupo Televisa, S.A.B. (NYSE: TV), The Interpublic Group of Companies, Inc. (NYSE: IPG), and Lamar Advertising Co. (NASDAQ: LAMR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Pandora Media, Inc. Research Report
On August 22, 2013, Pandora Media, Inc. (Pandora) reported its financial results for Q2 FY 2014 (period ended July 31, 2013). Revenue increased 55.4% YoY to $157.4 million. Net loss was $7.8 million or $0.04 per diluted share, compared to $5.4 million or $0.03 per diluted share in Q2 FY 2013. Commenting on the results, Chairman and CEO of Pandora, Joe Kennedy said, "Our second fiscal quarter was an important inflection point in Pandora's history. Strong momentum in our mobile business, with non-GAAP total mobile revenue growing 92% year-over-year to $116 million, clearly demonstrates the leverage in Pandora's business model. To drive future growth, we are accelerating investment in new technologies, channels and capabilities that maximize the value Pandora delivers." For Q3 FY 2014, the Company expects its non-GAAP diluted EPS is to be within the range of $0.03 and $0.06. The Full Research Report on Pandora Media, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b421_P]
News Corp. Research Report
On August 21, 2013, News Corp. announced that it intends to launch a global programmatic advertising exchange that would allow marketers to collectively leverage the Company's leading online and mobile products and rich first-party data for programmatic buying and real-time bidding. The Company stated that News Corp properties will discontinue any remaining arrangements with third-party ad networks. The Company also stated that the News Corp Global Exchange, which will roll out over the coming weeks, comprises more than 50 leading web sites and mobile products, reaching millions of highly engaged subscribers and users worldwide via WSJ.com, TheTimes.co.uk, NYPost.com, TheAustralian.com.au, News.com.au, MarketWatch.com, TheSun.co.uk and more. The Company stated that in order to support the private exchange, it will be working with The Rubicon Project as its global sell-side platform. The Full Research Report on News Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0e59_NWSA]
Grupo Televisa, S.A.B. Research Report
On August 1, 2013, Grupo Televisa, S.A.B. (Televisa) announced that it intends to invest Ps.7.0 billion in convertible debt instruments which, subject to regulatory approvals, will enable Televisa to acquire 95% of the equity interest of Tenedora Ares, S.A.P.I. de C.V. (Ares), owner of 51% of the equity interest of Grupo Cable TV, S.A. de C.V. (Cablecom). In addition, the Company stated that Ares will have an option to acquire in the future, subject to regulatory approvals, the balance 49% of the equity interest of Cablecom at a value of approximately 9.3 times EBITDA of the 12-month period preceding the closing of such acquisition. Televisa also informed that as part of this transaction, the Company also invested approximately Ps.2.5 billion in a debt instrument issued by Ares. The Full Research Report on Grupo Televisa, S.A.B. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/22d9_TV]
The Interpublic Group of Companies, Inc. Research Report
On August 14, 2013, The Interpublic Group of Companies, Inc. (IPG) announced that its Board of Directors have approved a quarterly dividend on IPG common stock of $0.08 per share, payable on September 17, 2013 to holders of record at the close of business on September 3, 2013. The Full Research Report on The Interpublic Group of Companies, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/94ea_IPG]
Lamar Advertising Co. Research Report
On August 19, 2013, Lamar Advertising Co. (Lamar) announced that the Company is filling in some blank spots in its national billboard network by acquiring a number of smaller billboard companies, including substantial acquisitions in California and the Southwest, as stated by Company executives during its Q2 2013 earnings conference call. According to Company, the "in-fill" acquisitions, with a price tag totaling $24 million, include local companies like Empire Outdoor, which owns hundreds of roadside billboards in Riverside, San Bernardino, and San Diego counties, as well as in the L.A. metro area and the Inland Empire region, extending to the Nevada and Arizona borders. During the call, Lamar also reported that Q2 2013 total revenues increased 6.5% YoY to $324.7 million. The increase was primarily due to a 5.9% YoY increase in billboard net revenues, 10.6% YoY increase in logo revenue and a 12.7% YoY increase in transit revenue. Lamar also informed that its leadership continues to consider transforming the Company into a Real Estate Investment Trust for tax purposes while competitor CBS Outdoor is in the midst of transitioning to an REIT. The Full Research Report on Lamar Advertising Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/df64_LAMR]
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