eBay said Tuesday that it has agreed to buy WHI Solutions, which provides software and digital catalog solutions for auto parts distributors and retailers. Financial terms weren’t announced. Investors of Rye Brook, N.Y.-based WHI Solutions include Polaris Ventures, MidMark Capital, Viacom, Goldman Sachs and and Canopy Group. WHI’s offices will remain in New York, New Jersey and Los Angeles at this time, eBay says.
Chief executives at the biggest U.S. companies saw their pay jump sharply in 2010, as boards rewarded them for strong profit and share-price growth with bigger bonuses and stock grants. The median value of salaries, bonuses and long-term incentive awards for CEOs of 350 major companies surged 10.7% to $9.27 million, according to today’s lead story on executive compensation in The Wall Street Journal. It follows two years in which pay declined or remained flat.
Why are there so many media companies in the top ten? Whose pay actually declined despite the larger trend? And will CEO pay keep growing next year?
Wall Street Journal senior editor Scott Thurm has analyzed the data, and took reader questions on May 9. Editor Erin White moderated. Replay the event below.
Warner Brothers, Time Warner's (TWX) movie entertainment arm, is going to launch part 2 of Harry Potter and the Deathly Hollows in 3D during 2011. We take this opportunity to estimate the value of such movies from Time Warner's perspective. Time Warner competes with Viacom (VIA), News Corp. (NWS), CBS (CBS) and Disney (DIS) in the media and entertainment business.
Our price estimate for Time Warner's stock stands at $35.51, in line with market price.Permalink | Email this | Comments
Viacom (VIA) competes with other media and broadcasting companies like Time Warner (TWX), News Corp. (NWS), CBS (CBS) and Disney (DIS) in the media and entertainment business. Our price estimate for Viacom's stock stands at $58.36, which is a roughly 15% premium to market price.
The company recently signed a deal with Hulu to make more of its TV content available on the subscription/ad-supported portal. In its press release Viacom stated that:Permalink | Email this | Comments
According to Box Office Mojo's early estimates for the four-day holiday weekend, Time Warner Inc.'s (TWX) thriller Unknown has taken the number-one position with a domestic haul of $25.6 million. The next two movies on the chart came close to that figure, but the more interesting thing about them is that they come courtesy of The Walt Disney Company (DIS).
In second place is Gnomeo and Juliet with $24.8 million. Pretty cool, actually. I didn't think the cartoon would necessarily hold up as well as it has in the second weekend.
Viacom's B shares (VIA.B) hit a new 52-week high of $43 on Friday during the intraday session (it eventually closed at $42.28). This is a stock I watch fairly regularly, and it's looking like it wants to make a run to even higher heights.
The equity has done well since hitting a 52-week low of $27.89 nearly a year ago. The twelve-month chart shows the stock's escape from a sideways-trading pattern. You can't help but call the media company attractive from a technical viewpoint.
I also find the business to be interesting from a valuation perspective. Even with the appreciation in price, the shares are arguably not too expensive.Permalink | Email this | Comments
Viacom (VIA.B) is seeing a bid today. The B shares are up, at the time of this writing, by 3.4% to $39.40. The 52-week high is currently set at $39.76, and it was hit during the intraday session. A look at the chart shows a stock that has been breaking through new trading levels.
Will it continue to do so? Well, the third-quarter numbers show something of a mixed bag, in my opinion. Adjusted earnings from continuing businesses increased a mere 6% to 75 cents per share. That was enough to beat the estimate of 70 cents per share, as indicated in this Associated Press article.
So, I come up to yet another quarterly report. I enjoy reading them, but I'm not always satisfied with the reaction of the stock once the release has come and gone. What am I hoping for this time around? Please, Wall Street, buy this stock and push it past the 52-week high of 37.98! Is that too much to ask?Read | Permalink | Email this | Comments
According to early estimates at Box Office Mojo, Paranormal Activity 2 obliterated the competition at domestic theaters. It took in well over $40 million, more than enough for first place. Of course, the company behind the picture that came in second isn't crying: Jackass 3D, which captured another $20 million and is now on its way to passing $100 million in total gross, is also from Viacom.Read | Permalink | Email this | Comments
It isn't too surprising. The promotional campaign for the movie seemed to have hit its target demographic, creating an appropriate amount of excitement that eventually translated into copious ticket sales. Plus, except for Red, the other movies mentioned were already out in the marketplace, making them not as much of a threat to the energetic new kid on the block.Read | Permalink | Email this | Comments
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Apple Inc (AAPL), Time Warner (TWX), Walt Disney (DIS), Viacom (VIA), Whole Foods Market (WFMI), Analyst Initiations, SanDisk Corp (SNDK), Intuitive Surgical Inc (ISRG)
- Soleil upgraded Community Health (CYH) to buy from hold based on expectations for improved 2011 demand. The firm has a $40 price target on the stock.
- Wunderlich upgraded Invesco Mortgage (IVR) to buy from hold following the company's better-than-expected Q3 dividend. The firm also raised its target price for shares to $23.50 from $21.50.
- Goldman upgraded SuccessFactors (SFSF) to conviction buy from buy, citing cloud exposure.
- Vulcan Materials (VMC) was upgraded to buy from hold at Jefferies.
- Comstock Resources (CRK) was upgraded to buy from neutral at Ladenburg.
- Trimble Navigation (TRMB) was upgraded to buy from hold at Canaccord.
SanDisk - Whole Foods Market - Viacom - Apple Inc - Time Warner
I've been thinking about the whole Jersey Shore zeitgeist. You know the show. It's on Viacom's (VIA) MTV. It's a huge hit, everyone is talking about it and its stars (Snooki, The Situation, etc.). It also was mentioned in a recent conference call the media company had with investors.
It was reported that the cast was able to significantly increase its salary for the reality series. When I first heard about the demands, I mused to myself that this was a grand opportunity for Hollywood to say no to minor celebrities. After all, it's just a reality show, folks. Even though Snooki is immensely popular, there are many more Snooki-type individuals out there. Dime-a-dozen comes to mind when thinking of the goofy girl with the poofy coif.Permalink | Email this | Comments
Jersey Shore - Walt Disney - Viacom - Time Warner - BloggingStocks
- Credit Suisse upgraded Alliant Techsystems (ATK) to outperform from neutral following the company's increased FY11 guidance. The firm has an $85 target on the stock.
- FBR Capital upgraded Hyatt Hotels (H) to market perform from underperform following the company's Q2 results. The firm raised its target for shares to $44 from $38.
- BB&T upgraded to Smithfield Foods (SFD) to buy from hold, citing tighter supplies, strong pork prices and improving export demand. The firm has a $19 target on the stock.
- Holly (HOC) was upgraded to outperform from market perform at BMO Capital.
- Cogent Communications (CCOI) was upgraded to outperform from neutral at Cowen.
- Catalyst Health (CHSI) was upgraded to overweight from equal weight at First Analysis.
Smithfield Foods - Business - Alliant Techsystems - Investing - Viacom
Viacom's B shares (VIA.B) closed today's session at $33.70. They were down a little less than 1%. Volume was strong. Those who were hoping that the second-quarter earnings report, which was released earlier in the morning, would turn out to be an exciting catalyst were unfortunately disappointed.
The media company, whose colleagues include CBS Corporation (CBS) and The Walt Disney Company (DIS), said it made 69 cents per share this time around versus income of 46 cents per share in the year-ago period. On an adjusted basis, profit from continuing operations was 68 cents per share, which was two pennies ahead of estimates.
Walt Disney - Viacom - CBS Corporation - Walt Disney Company - BloggingStocks
You know, you've got to ask yourself if this is a good thing or a bad thing. In general, dividends are an awesome part of the investing experience. I love them, and I wrote a positive piece on the recent news surrounding Target Corporation's (TGT) payout this afternoon. Being rewarded for holding a stock is not something to be taken lightly.Read | Permalink | Email this | Comments
Viacom - BloggingStocks - Target Corporation - Dividend - Stock