Market Currents

• Sunday, September 13, 2009

• 02:24 AM Cablevision (CVC) recently decided to spin off Madison Square Garden and its associated assets, a move Barron's says could be the first step to unlocking the stock's potential if it leads to an eventual sale of the company. 1 Comment

• Monday, August 31, 2009

• 15:42 PM While most newspapers are clamoring for any ads they can get, Newsday turns down a lucrative contract from Verizon (VZ), a direct competitor of parent company Cablevision (CVC). Newsday also rejected other ads critical of Cablevision decisions. Comment!

• Thursday, July 30, 2009

• 09:37 AM Cablevision (CVC) plans to spin off its Madison Square Garden assets, including the New York Knicks basketball team and Radio City Music Hall, in order to focus on its more profitable cable-TV business. Shares +9.6%. Comment!
• 09:00 AM Premarket gainers: CIT +19%. EMKR +12%. CVC +11%. BT +11%. ARIA +11%. IRE +10%. HIG +10%. MOT +8%. NWL +8%. AKRX +7%. MA +7%. AIB +7%. ALU +7%. GE +6%. RTP +6%. ELY +5%. ARMH +5%. GNW +5%. AXL +7%. RCL +5%. TSM +5%. EGLE +5%. LVS +5%. YGE +5%. BCS +5%. MGM +4%. BHP +4%. SOL +4%. MT +4%. CLF +5%. CNO +4%. USU +4%.
  Losers: PCBC -17%. AKAM -16%. INO -12%. GMR -9%. TOO -9%. SYMC -9%. CATY -7%. GHL -6%. CTV -6%. Comment!
• 08:41 AM Cablevision (CVC): Q2 EPS of $0.29 in-line. Revenue of $1.9B (+10%) in-line. Shares +8% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: ABC, ABX, ADP, ALU, AOC, APA, ARTG, AVP, AVY, AZN, BC, BCRX, BDX, BEN, CI, CINF, CL, CLI, CMI, CMS, CNX, COL, COV, CVC, DLR, DOW, EK, ENDP, EXPE, FAF, GT, GTI, HP, INCY, IP, IRM, K, KBR, KIM, KSU, LVLT, MA, MOT, MYL, NBL, NRG, NWL, NYX, OCR, OMX, OSK, PCZ, PH, PTEN, RDS.A, RGC, RYN, SBH, SNE, SPR, TEN, TRV, TSM, TYC, VTR, WMI, WYNN, XEL, XOM Comment!

• Monday, June 29, 2009

• 12:05 PM TiVo (TIVO) is -4% following the Supreme Court ruling that allows Cablevision (CVC) to circumvent set-top DVRs and enable its customers to record programs straight on to its servers. Barron's Tech Trader takes a look at what TiVo's next move might be. Comment!
• 11:58 AM The Supreme Court refuses to hear a challenge by TV networks and film studios to a next-gen DVR from Cablevision (CVC +2.2%). The recorder, storing programs on Cablevision servers instead of in the living room, promises to lower the price of DVR service. Comment!

• Thursday, May 7, 2009

• 09:29 AM Cablevision (CVC): Q1 EPS of $0.07 misses by $0.08. Revenue of $1.9B (+10.6%) in-line. Will look to spin off Madison Square Garden business. Shares +7.5% premarket. (PR) Comment!
• 09:03 AM Premarket gainers: VNDA +808%. VG +65%. VICL +33%. COF +18%. CNO +17%. HBAN +17%. GNW +16%. BAC +15%. FITB +14%. C +14%. AIG +14%. KFN +13%. CIT +12%. CDNS +11%. GTE +12%. KNDL +11%. CSUN +11%. DFS +9%. IRE +10%. ANF +10%. UL +10%. LNC +10%. DDR +10%. MFG +9%. HIG +8%. CNB +9%. UCBH +9%. SIG +8%. STT +8%. PRU +8%. CPSL +8%. GCI +7%. ETFC +7%. ONNN +7%. ACAS +7%. ERX +7%. CVC +6%. PRGN +6%. ZION +6%. DRYS +6%. BK +6%. Comment!
• 08:44 AM Cablevision (CVC): Q1 EPS of $0.07 misses by $0.08. Revenue of $1.9B (+10.6%) in-line. Shares +3.7% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: ACM, ANSS, ARE, ATPG, BID, BCE, CAM, CLR, CSE, CVC, CXW, DTV, DYN, FTO, FTR, GG, GM, GNA, HOC, HRP, LAMR, LINE, LXP, NDAQ, OHI, PCS, PRGO, PXP, RDC, RGLD, SLE, TDC, WEN Comment!

• Tuesday, May 5, 2009

• 14:34 PM According to a recent report, more than 40% of adults under 35 watch internet TV, which should have cable companies worried. "If more content comes online for free, you can bet that more people will join us as 'Hulu households' instead of spending $80 a month on digital cable." (TWC, CVC, CMCSA) 1 Comment

• Thursday, April 23, 2009

• 12:10 PM TiVo (TIVO), largely credited with killing TV advertising, is embracing it. Its competitors in selling interactive ads include Cablevision (CVC), Cox, and DirecTV Group (DTV). Comment!

• Thursday, February 26, 2009

• 13:27 PM "It's a small victory," Peter Kafka writes of Cablevision's (CVC) $402M writedown on its acquisition of Newsday - which was less than the $450M feared. Newsday actually generated $107M in revenue and cash flow of $10.3M - so if CVC hadn't overpaid for the newspaper last summer, it would have turned a decent profit. Comment!
• 08:56 AM Cablevision (CVC): Q4 EPS of -$1.11 misses by $1.44. Revenue of $2.05B (+11.4%) vs. $2.06B. Shares -1.8% premarket. (PR) Comment!