Continuing our analysis of media companies’ results, today we discuss Rupert Murdoch’s News Corp (NASDAQ:NWS) and a potential acquisition for it, Monster (NYSE:MWW). For News Corp, revenue for the quarter fell 16% to $7.4 billion and was marginally short of analysts’ expectations of $7.71 billion. EPS of $1.04, however, was higher than the previous year’s $0.91.
Hulu offers free online video content in the form of TV shows, clips, and movies to users in the US. Based in Los Angeles, the site is a joint venture between NBC Universal and News Corporation. More than 50 other companies also provide content, including FOX, MGM and Sony Pictures Television.
Adify is a vertical advertising platform co-founded by Russ Fradin with former Flycast co-founders, Larry Braitman and Richard Thompson. I interviewed Adify’s CEO, Russ Fradin in 2007.
2007 was a not a pleasant year for the Media Industry. Most of the Media stocks including IAC, Walt Disney, News Corp. and Time Warner have undergone correction between 10% to 40%. Except Walt Disney, all other stocks are trading close to at their 52-week lows. Most of the companies have reported below the Street’s
As you know, I am of the opinion the deal will go through, despite all the scrambling. News is gradually flowing in that Yahoo! doesn’t really have other options in the works. News Corp has declined. AT&T and Comcast are not interested. Google is not an option. Private Equity is also not an option anymore.
Digg is a social news book marking site containing user generated content. Ranging from science and technology to politics and entertainment, it covers a diverse spectrum of news posted and rated by users. The site was started in 2004 by Kevin Rose and Jay Adelson. This site received its funding from two investors – Greylock
Those who make a habit of existing in the clouds eventually have to descend. Perhaps, Google is experiencing a slight doze of “mortalization”. Google investors have lost more than 18% of their money over the past month due to concerns about the crumbling US macroeconomic condition. After yesterday’s 4Q07 results which were highly overestimated by
With the falling real estate market, the Move Inc. stock price has been hammered down in the last one year and is currently trading at $1.78 with a total market capitalization of just over $300 million. The 52-week range for the stock is $1.75 – $6.69.