23.08.2013 14:00:00
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Financial Results, Investors Conferences, Redeeming of Senior Notes, and New Partnerships - Research Report on Comcast, Pandora, SIRIUS XM Radio, CBS Corporation, and Scripps Networks Interactive
NEW YORK, August 23, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Comcast Corporation (NASDAQ: CMCSA), Pandora Media, Inc. (NYSE: P), SIRIUS XM Radio Inc. (NASDAQ: SIRI), CBS Corporation (NYSE: CBS), and Scripps Networks Interactive, Inc. (NYSE: SNI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Comcast Corporation Research Report
On August 12, 2013, Comcast Corporation (Comcast) reported that NBC News has successfully procured Stringwire, the user-generated live video service. According to Comcast, with Stringwire's technology, NBCUniversal News Group's television and digital properties now have a new way of reporting news and content from eyewitnesses. Comcast has also hired Phil Groman, Stringwire's founder, as NBC News' Product Lead, based at the NBC News Digital Group's San Francisco office. According to the Company, NBC News will be the first user of this technology apart from Groman's use of Stringwire during Hurricane Sandy and the Kenyan elections. Vivian Schiller, SVP & Chief Digital Officer at NBC News, commented, "Stringwire is at the leading edge of user-generated video products, with immediate value to our on-air and digital businesses. Long-term, we think there is great commercial potential. Phil is an incredibly talented developer and inventor who will bring a wealth of innovative and entrepreneurial experience to the NBC News Digital Group." The Full Research Report on Comcast 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/ba4f_CMCSA]
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Pandora Media, Inc. Research Report
On August 7, 2013, Pandora Media, Inc. (Pandora) announced that it will report its Q2 FY 2014 (period ended July 31, 2013) financial results on Thursday, August 22, 2013, after the market closes. Pandora informed that it will also host a conference call at 2:00 p.m. PT (5:00 p.m. ET) to review quarterly financial results for interested parties from the investment community. The Company also stated that users can access a live audio webcast of the event via the Investor Relations section of the Company website. 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]
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SIRIUS XM Radio Inc. Research Report
On August 1, 2013, SIRIUS XM Radio Inc. (SIRIUS XM) reported that the Company will redeem all of its outstanding 8.75% Senior Notes due 2015 (CUSIP Nos. 82967NAD0 and U82764AB4) on September 3, 2013.
SIRIUS XM informed that at present, $753.5 million of the 8.75% Notes are outstanding and it will use proceeds from the issuance of $600 million aggregate principal amount of its 5.75% Notes due 2021, along with cash on hand, to finance the redemption. The Full Research Report on SIRIUS XM Radio 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/1575_SIRI]
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CBS Corporation Research Report
On August 13, 2013, CBS Corporation (CBS), along with RTL Group, declared a partnership that will introduce two thematic channels in South East Asian markets. According to the Company, these two channels, to be shown in English and local languages, will be available in at least 29 Asian markets which will include Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Taiwan, Thailand and Vietnam. CBS informed that, distributed via cable, satellite and Internet television (IPTV) networks in the region, both the channels can also be watched in high definition (HD). Armando Nuñez, President and CEO of the CBS Global Distribution Group, commented, "This is another opportunity to use CBS's internationally successful content to be part of a new channel venture in one of the world's fastest growing TV regions. It's even better to do it with a best-in-class partner such as RTL Group, one of the most accomplished and respected broadcasters anywhere." The first channel, RTL CBS Entertainment, is scheduled for roll out in September 2013 with general entertainment hits, while the second channel, RTL CBS Extreme, will be dedicated to action/adventure, reality series and extreme sports and will follow in spring 2014. 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]
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Scripps Networks Interactive, Inc. Research Report
On August 8, 2013, Scripps Networks Interactive, Inc. (Scripps Networks Interactive) declared Q2 2013 operating results. Consolidated revenues increased 10.7% YoY to $665.1 million. Net income attributable to Scripps Networks Interactive stood at $159.7 million, or $1.08 per diluted share, compared with $142.4 million, or $0.93 per diluted share, in Q2 2012. Kenneth W. Lowe, Chairman, President and CEO commented, "The growth story at Scripps Networks Interactive continued during the second quarter, driven by the tremendous popularity of our lifestyle television networks with media consumers, advertisers and content distributors. We've succeeded in creating a valuable portfolio of networks - as well as industry-leading websites and apps - that attract a highly engaged audience of food, home and travel enthusiasts. Those distinctly unique attributes drive our company's consistently solid operating results." The Company has updated its full year 2013 guidance and now expects 9% to 10 % YoY growth in total revenue due to ongoing strength in the advertising market compared to earlier range of 7 % to 9 % YoY. 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]
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SOURCE Analysts' Corner
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