Quarterly Results, M&A Activities and New Appointments - Research Report on Nexstar, Belo, Liberty Interactive, Entravision, and LIN Media Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, August 19, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Nexstar Broadcasting Group, Inc. (NASDAQ: NXST), Belo Corp. (NYSE: BLC), Liberty Interactive Corporation (NASDAQ: LVNTA), Entravision Communications Corporation (NYSE: EVC), and LIN Media LLC (NYSE: LIN). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Nexstar Broadcasting Group, Inc. Research Report
On August 7, 2013, Nexstar Broadcasting Group, Inc. (Nexstar) reported its Q2 2013 financial results. The Company's net revenue came in at $126.2 million, up 42.0% YoY. Q2 2013 net income was $6.4 million, or $0.20 per diluted share, compared with $8.8 million, or $0.29 per diluted share, in Q2 2012. "While financial results are benefitting from the operating contributions and expected synergies related to the 18 television stations acquired in the fourth quarter of 2012 and the first quarter of 2013, as previously indicated, we incurred one-time legal, accounting, professional, and other expenses related to recent strategic activity," said Perry A. Sook, Chairman, President, and CEO of Nexstar. "These items totaled approximately $1.25 million in the quarter, with approximately $0.95 million of this amount in corporate expense and the remainder in station operating expense." The Full Research Report on Nexstar Broadcasting Group, 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/19de_NXST]
Belo Corp. Research Report
On August 9, 2013, Belo Corp. (Belo) announced that WWL-TV has named Jacqueline Adams as its Assistant News Director. The Company stated that this appointment is Adams' second stint with the channel after 1995, when she worked at the station as the Special Projects Producer. Adams has previously worked as Director of Marketing Promotions for Turner Digital in Atlanta, GA, since 2011. As per Belo, Adams has a 20-year experience in the industry and has been honored with numerous awards throughout her career. Belo also informed that she will join the Eyewitness News team on September 3, 2013. The Full Research Report on Belo 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/c3d1_BLC]
Liberty Interactive Corporation Research Report
On August 6, 2013, Liberty Interactive Corporation (Liberty Interactive) reported Q2 2013 financial results. The Company's total Q2 2013 revenue increased 1.5% YoY to $2.4 billion. "QVC posted solid results in the US, while the international markets proved more challenging and were negatively impacted by the currency fluctuations in Japan and the UK," said Greg Maffei, President and CEO of Liberty Interactive. The Full Research Report on Liberty Interactive Corporation - 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/0888_LVNTA]
Entravision Communications Corporation Research Report
On August 1, 2013, Entravision Communications Corporation (Entravision) reported its Q2 2013 financial results. In Q2 2013, the Company generated net revenues of $57 million, up 4.5% YoY. Q2 2013 net income attributable to common stockholders was $5.1 million, or $0.06 per share, compared with $2.1 million, or $0.02 per share, in Q2 2012. "During the second quarter, we achieved revenue growth driven by increases in both our television and radio segments," said Walter F. Ulloa, Chairman and CEO of Entravision. "Our audience shares remain strong in the nation's most densely populated Hispanic markets, and we believe we are well positioned to benefit as the US Hispanic market continues to expand and advertisers increasingly recognize the importance of reaching our target audience." The Full Research Report on Entravision Communications Corporation - 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/3594_EVC]
LIN Media LLC Research Report
On July 30, 2013, LIN Media LLC (LIN Media) announced the completion of its merger with LIN TV Corp. (LIN TV). The Company informed that the closing of the transaction successfully concludes its plans to resolve the NBC JV guarantee and tax overhangs that have limited LIN Media's strategic options. As the surviving Company in the merger, LIN Media started trading on the NYSE on July 31, 2013 under the ticker symbol LIN. As a result of the capital losses generated from the transaction, the Company expects to realize cash income tax savings of approximately $115 million, and expects to settle the remaining estimated income tax liability associated with the NBC JV sale transaction of approximately $48 million in cash in late 2013. The Full Research Report on LIN Media LLC - 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/e93e_LIN]
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