New Updates on Media & Entertainment Companies: Special Research on Pandora, Phoenix New Media, Townsquare, NTN Buzztime, and Saga
NEW YORK, February 17, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Pandora (NYSE: P), Phoenix New Media (NYSE: FENG), Townsquare (NYSE: TSQ), NTN Buzztime (NYSEMKT: NTN), and Saga (NYSEMKT: SGA). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
P Research Report: ( http://get.analystsreview.com/pdf/?c=Pandora&d=17-Feb-2015&s=P ),
FENG Research Report: ( http://get.analystsreview.com/pdf/?c=Phoenix%20New%20Media&d=17-Feb-2015&s=FENG ),
TSQ Research Report: ( http://get.analystsreview.com/pdf/?c=Townsquare&d=17-Feb-2015&s=TSQ ),
NTN Research Report: ( http://get.analystsreview.com/pdf/?c=NTN%20Buzztime&d=17-Feb-2015&s=NTN ),
SGA Research Report: ( http://get.analystsreview.com/pdf/?c=Saga&d=17-Feb-2015&s=SGA ).
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Analyst Update: Quarterly Earnings and Executive Appointments
Reviewed by: Rohit Tuli, CFA®
The majority of the European markets closed lower on Monday, February 16, ahead of an announcement from the meeting of Eurozone finance ministers in Brussels. However, their discussion over a new financing arrangement for Greece broke down abruptly, showing a wide gap between Athens and its official creditors while also triggering a period of heightened uncertainty about Greece's future inside the currency bloc. The discussion ended after Greece rejected an extension of its current 240-billion-euro ($272 billion) bailout program under the conditions being offered by other ministers. The Euro Stoxx 50 decreased by 0.41 % to 3,433.30, the CAC 40 fell by 0.16 % to 4751.95 and the FTSE 100 was down by 0.24 % to 6857.05. However, the Asian markets ended higher on Monday. Japanese shares rallied to an eight-year high on Monday, on Greece deal hopes and after official data confirmed that Japan's economy pulled out of recession in the last quarter of last year. Chinese market also closed higher, after official data showed that China's foreign direct investment surged in January. US markets were closed on Monday on account of President's Day.
Pandora Media, Inc. (Pandora) reported that its fourth quarter 2014 net income increased to $12.3 million or $0.06 per diluted share, from $9 million or $0.04 per diluted share in the year ago period. On a non-GAAP basis, the Company said it earned $0.18 per diluted share in fourth quarter versus $0.11 per diluted share in the fourth quarter 2013.
Phoenix New Media Limited (Phoenix New Media) announced that its net advertising revenues in third quarter 2014 rose 45.5% YoY to RMB325.8 million (US$53.1 million), primarily due to an increase in average revenue per advertiser (ARPA) and an increase in number of advertisers.
Townsquare Media, Inc. (Townsquare) reported that its pro-forma net revenue for the fourth quarter 2014 is estimated to be in the range of $93.0 million to $94.0 million, an increase of approximately 9% to 10% compared to the fourth quarter of 2013.
NTN Buzztime, Inc. (NTN Buzztime) has appointed Allen Wolff as its CFO, effective December 29, 2014. Among other things, Wolff would assume the principal accounting duties and report directly to CEO Ram Krishnan.
Saga Communications, Inc. (Saga) has reported a growth of 4.4% YoY in its net operating revenues for the quarter at $34.4 million. Net income, however, declined to $3.2 million or $0.56 per share, from $4.3 million or $0.75 per share in the year ago period.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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