Aug. 22, 2014, 7:23 AM
Aug. 21, 2014, 11:43 AM
- Hedge funds are having a difficult time of it again this year, up 1% vs. a 7.5% gain for the S&P 500, according to Goldman Sachs, which crunched the numbers on 775 funds with $1.9T in AUM.
- Nevertheless, Goldman's list of 50 stocks which "matter most" to hedge funds has outperformed the S&P 500 on a quarterly basis 66% of the time since 2001. The stocks this quarter (posted in order of the number of funds in which a name is a top-10 holding):
- ACT, AAPL, FB, AGN, AAL, GM, TWC, AIG, MSFT, HTZ, CHTR, MU, WMB, LNG, C, DAL, HCA, APC, CBS, ALLY, GOOGL, APD, NRF, BAC, EBAY, LBTYK, PCLN, VRX, BIDU, DTV, DISH, DG, EQIX, MA, WAG, ARCP, GILD, LINTA, MON, FOXA, VC, AMZN, BRK.A, BRK.B, SUNE, CMCSA, JPM, MIC, CCI, HES, LAMR.
- A special call-out to Northstar Realty (NYSE:NRF), Visteon (NYSE:VC), SunEdison (NYSE:SUNE), Macquarie Infrastructure (NYSE:MIC), and Lamar Advertising (NASDAQ:LAMR) for making the list of hedge fund hotels despite their relatively tiny market caps.
Aug. 19, 2014, 2:50 AM
- The National Association of Broadcasters has filed a lawsuit against the FCC's plans to auction off airwaves stating that the plan will incur expense and harm coverage of TV stations.
- The auction is set to take place next year, and will allow TV stations to take bids and sell their airwaves to meet the surging demand of mobile broadband.
- The new lawsuit challenges the regulations stating that it doesn't fully protect broadcasters that don't participate in the auction.
- Broadcasters say that they should not be forced into having their coverage area reduced or to pay out of pocket for the expense of moving their broadcast signal to a new frequency.
- Relevant tickers: CMCSA, TWC, ALLT, LVLT, CCOI, FTR, WIN, CTL, CHTR, CVC, DISH
Aug. 15, 2014, 11:25 AM
- Cable and satellite providers ended Q2 with more broadband subscribers than video customers, according to Leichtman Research Group.
- An important distinction is that the pace of cord-cutting declined during the quarter as many customers simply shifted to packages such as U-verse or FiOS away from traditional cable.
- Analyst Craig Moffett notes the pay-TV industry is growing revenue at twice the clip as the wireless business which seems to defeat the suggestion of some that it's a dying entity.
- Related stocks: CHTR, CVC, TWC, DISH, DTV, VZ, T.
Aug. 13, 2014, 6:37 PM
- Iliad's (OTC:ILIAF) $33/share offer to buy a 56.6% stake in T-Mobile USA (TMUS -1.6%) is "very flattering," but also "a very inadequate value proposition," says T-Mobile CFO Braxton Carter.
- However, Carter, whose company just saw Sprint abandon its attempt to buy it (for now) due to FCC/DOJ opposition, suggests T-Mobile is open to a better offer. "I think rarely people come with their best bid to start."
- For the time being, Iliad insists there's no need for a higher offer - T-Mobile currently trades at $29.14. But the French carrier has been reported to be reaching out to potential investors to sweeten its bid.
- Dish Network (DISH +1%) is also viewed as a potential T-Mobile suitor. Dish is still trying to find a use for its spectrum assets, and Charlie Ergen has repeatedly suggested he's open to a T-Mobile merger. But there are doubts about Dish's ability to pull off a deal, given both Dish and T-Mobile have plenty of high-yield debt on their balance sheets.
Aug. 12, 2014, 1:40 PM
- 98% of millennials without a pay-TV subscription tell nScreenMedia that they have no interest in getting one in the future.
- The result of the survey flies in the face of the contention by some cable execs that millennials will jump into pay-TV packages when their earnings power increases.
- Currently, 19% of millennials don't have a pay-TV subscription.
- Media analysts thinks the best play by pay-TV operators to reel cord-cutters and cord-nevers back in would be to jump to 4K movie services via smart TVs. Set-top boxes which could handle the 4K format could roll out as soon as 2015.
- Related stocks: DTV, DISH, CVC, CHTR, CMCSA, TWC.
- nScreenMedia White Paper (sub required)
Aug. 8, 2014, 8:40 AM
- A new Dish Anywhere app from Dish Networks (NASDAQ:DISH) is creating a minor buzz due to its significant upgrades.
- The app has become more personalized and powerful with an interface described as "Netflixier" for consumers.
- What to watch: Dish is expected to be a major player in the upcoming online TV battle. The company's over-the-top TV service will include programming from A+E and Disney in a package that could offer consumers an alternative to Hulu, Amazon, and Netflix.
Aug. 6, 2014, 2:15 PM
- Dish Networks (DISH +1.9%) CEO Charlie Ergen concedes during the firm's earnings call that the pay-TV business appears to be in a secular decline.
- Over-the-top offerings at a lower price point could be the future, he notes.
- Ergen is more excited about wireless. He says there's plenty of potential for the company to benefit by partnering with Sprint. A bid for T-Mobile by Dish is described as a "maybe" by the exec.
- Another interesting comment is his contention that a merger of Dish and DirecTV wouldn't makes sense for Dish shareholders due to valuation.
- Earnings call webcast
Aug. 6, 2014, 6:51 AM| Aug. 6, 2014, 6:51 AM | Comment!
Aug. 6, 2014, 6:10 AM
Aug. 5, 2014, 5:30 PM
- ANR, AOL, APO, ARIA, AVA, AVT, BRKR, CEQP, CHK, CLH, CMLS, CNP, CONE, CSTE, CTSH, DBD, DISH, DNR, DVN, DWSN, EE, ELOS, GEO, GOV, GWPH, HFC, HNT, INXN, IPXL, ITC, KELYA, LINC, LIOX, MDLZ, MEMP, MVIS, NAVB, NUS, PERI, PH, PKD, POWR, RDC, RL, ROC, SBGI, SE, SEP, SF, SJI, SKYW, STWD, TAP, THI, TRGT, TWX, VC, VIAB, VITC, VOYA, WD, WIX, WPX, ZINC
Aug. 5, 2014, 11:58 AM
- Dish Network (DISH -0.7%) has added the A+E Networks to its over-the-top programming lineup.
- The company will be able to stream A+E content (A&E, History, Lifetime, H2) under the terms of the arrangment.
- Dish already signed a deal with Disney for the rights to stream its shows on five different networks.
- A+E Networks is a joint venture between Disney (DIS -0.7%) and Hearst Corporation.
- The launch of Dish's online service is expected before the end of the year. The company hopes to reach a "critical mass" of content which will lure in cord-cutters and cord-nevers.
Jul. 29, 2014, 2:08 PM
- Time Warner Cable (TWC +1.4%) says it will agree to binding arbitration to settle its dispute with DirecTV (DTV +0.8%) over a carriage fee deal for the SportsNet LA network which includes coverage of Los Angeles Dodgers baseball.
- DirecTV hasn't indicated yet it will agree to enter arbitration as it continues to push for an a la carte option for its customers. Meanwhile, close to 70% of the Los Angeles TV/broadband market can't access Dodgers baseball.
- The TWC-DTV spat is being closely watched by the pay-TV industry (T, CHTR, CVC, DISH, VZ) and sports network owners (DIS, FOXA, TWX, CMCSA, CBS) as the issue of bundling regional sports networks into packages remains a hot topic.
Jul. 14, 2014, 4:06 PM
- Dish (DISH +0.6%) and LightSquared have settled a legal battle over the treatment of Dish's debt under LightSquared's planned restructuring. Terms are undisclosed for now.
- Dish owns ~$1B of LightSquared debt, and at one point bid $2.2B to buy the would-be 4G carrier for its spectrum; the offer was withdrawn in January.
- The companies have been battling over how much of Dish's debt gets subordinated during LightSquared's restructuring. LightSquared recently proposed a $3.05B restructuring that would give Dish $470M in cash + a $492M unsecured note for its debt, with the sum recoverable from the note subject to a trial. Charlie Ergen wasn't a fan of the proposal.
- The settlement arrives less than a week after Harbinger Capital filed suit against Dish for allegedly using "improper tactics" to attempt to gain control of LightSquared,
Jul. 14, 2014, 3:29 PM
- Dish Network (DISH +0.5%) has won another legal battle after an appeals court refuses to grant Fox (NASDAQ:FOXA) a preliminary injunction over the Dish Anywhere and Hopper Transfers services.
- Media analysts have given Dish a lot of credit for the company's legal maneuvering which has kept other networks at bay for the most part over Dish Anywhere and the Hopper service.
Jul. 11, 2014, 1:19 PM
- The 2014 World Cup has delivered smashing ratings reports for ESPN, Univision, and ABC - but has also exposed a weakness in the TV Everywhere platform for coverage of live events, reports GigaOm.
- The complicated process to transcode video feeds into a content delivery network can create a delay of up to 20 seconds - plenty of time for spoilers to crop up for viewers through their online feeds, mobile devices, or nearby friends.
- Though the delay isn't considered a big enough complication to derail TV Everywhere, it's another annoyance for viewers already frustrated with the authentication process.
- Related stocks: DISH, DTV, CHTR, CVC, TWC, CMCSA, DISCA, CBS, VZ.
DISH vs. ETF Alternatives
DISH Network Corp provides a direct broadcast satellite subscription television service in the United States. It offers subscription television, audio programming and interactive television services in the United States.
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