Services Sector Announce Earnings Results, New Products, Appointments and Partnerships - Research Report on CBS, Scripps, Liberty Media, Sinclair, and LIN Media 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 CBS Corporation (NYSE: CBS), Scripps Networks Interactive, Inc. (NYSE: SNI), Liberty Media Corp. (NASDAQ: LMCA), Sinclair Broadcast Group Inc. (NASDAQ: SBGI), and LIN Media LLC (NYSE: TVL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
CBS Corporation Research Report
On August 22, 2013, CBS Corporation (CBS) and Verizon Communications Inc. (Verizon) announced that the two companies reached a new agreement for continued retransmission of CBS owned stations and broader distribution of CBS Sports Network on Verizon's FIOS TV in multiple markets across the country. However, no disclosure was made by the Companies regarding the terms of the agreement. According to CBS, as part of the agreement, CBS owned stations in various Verizon markets, including New York, Los Angeles and Dallas, will continue to be distributed to FiOS TV subscribers including all of the approximately 3.5 million subscribers served in markets where CBS owns television stations. CBS further added that FiOS TV will also continue to provide - free to the viewer - CBS programming via Verizon's industry-leading video on demand services to all subscribers. Terry Denson, Vice President of Video Content and Strategy at Verizon said, "We've reached this agreement in partnership with CBS for our customers, so that they may continue to enjoy CBS content on FiOS. Verizon continues to address areas of change where necessary in current policies to better reflect the interests of consumers." The Full Research Report on CBS 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/22c7_CBS]
Scripps Networks Interactive, Inc. Research Report
On August 19, 2013, Scripps Networks Interactive, Inc. (Scripps) announced the appointment of Bob Baskerville as the Company's Chief Information Officer. According to Scripps, Baskerville will succeed current Chief Information Officer, Ron Johnson, who plans to retire at the end of the year. The Company informed that presently Baskerville has been serving as Chief Operating Officer for Scripps' growing international business for past three years, and prior to that he has also served as President of the Company's premium-tier channels, where he directed business strategy, content development and operations. Scripps stated that Baskerville will report to Mark Hale, Executive Vice President and Chief Technology Officer. The Full Research Report on Scripps Networks Interactive, 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/d3d0_SNI]
Liberty Media Corp. Research Report
On August 6, 2013, Liberty Media Corp. (Liberty Media) reported its financial results for Q2 2013. The Company posted total revenues of $1.1 billion, versus revenue of $135 million in Q2 2012, led by acquisition of a controlling interest in SiriusXM. For Q2 2013, SiriusXM reported a subscription base of 25.1 million, revenues of $940 million, up 12% YoY and adjusted EBITDA of $283 million, up 19% YoY. President and CEO of Liberty Media, Greg Maffei said, "We are very pleased with the job Jim and his management team did this quarter. Consumers love SiriusXM and the operating performance of the business reflects that. Charter Communications has proved an attractive investment, generating a greater than 35% return since we completed the investment." The Full Research Report on Liberty Media 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/8b9e_LMCA]
Sinclair Broadcast Group Inc. Research Report
On August 8, 2013, Sinclair Broadcast Group Inc. (Sinclair) announced that it has closed on its previously announced acquisition of Fisher Communications, Inc. valued at $373.3 million, excluding acquired working capital. According to the Company, under the terms of the agreement, Fisher shareholders received $41.00 in cash for each share of Fisher common stock they owned which represents a 44% premium to the closing price of Fisher common stock on January 9, 2013 - the final trading day prior to Fisher announcing a review of strategic alternatives. The Full Research Report on Sinclair Broadcast 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/8323_SBGI]
LIN Media LLC Research Report
On August 22, 2013, LIN Media LLC (LIN Media) announced HYFN's - a full-service digital agency - launch of HYFN8, a new social media management system and solution that utilizes cutting-edge proprietary technology to allow marketers to listen and react to online consumer behavior in real-time, giving them the intelligence and monetization tools to maximize social media ROI. According to the Company, HYFN develops and implements mobile, social and web experiences for many brands across the world and LIN Media had acquired a majority ownership investment in HYFN in April 2013. LIN Media's Senior Vice President Digital, Robb Richter commented, "There is strong demand for a social media marketing solution that can generate timely and usable analytics, as well as real revenue for brands. HYFN8 is a product inspired by our mission to create groundbreaking, revenue-driving products." 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/555b_TVL]
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