Quote & Headlines
5d 1m 3m 1y 5y 10y
How Will Shifts in Media Spending Affect Sector's ETFs?Tom Lydon • Aug 10, 2009
To learn more about Seeking Alpha PRO, click here.
There are no Transcripts on PBS.
There are no News articles on PBS.
PBS vs. ETF Alternatives
The PowerShares Dynamic Media Portfolio (Fund) is based on the Dynamic Media Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.
See more details on sponsor's website
See more details on sponsor's website
Wednesday, Dec 49:52 AMInvestments in programming paying off for media giants
Wednesday, Dec 49:52 AM| Comment!
- Higher spending on programming by network owners is paying off immediately in the form of increased revenue from content, according to media analysts.
- The most recent round of reports from Time Warner (TWX -0.4%), CBS (CBS +0.4%), Viacom (VIAB -0.4%), and 21st Century Fox (FOXA -0.8%) show higher program costs were offset by licensing and advertising revenue. Even big sports rights deals from Disney (DIS -0.7%) and NBC (CMCSA) appear to be adding enough profits to justify the steep costs.
- What to watch: A breaking point on programming costs could be seen in the future with the Pay-TV industry (DISH, DTV, CHTR, CVC, TWC) dabbling with smaller bundles for consumers.
- Related ETF: PBS.
Tuesday, Nov 261:16 PMNo denying it: Cord-cutting greatly impacting Pay-TV sector
Tuesday, Nov 261:16 PM| 1 Comment
- Over the last three calendar years an estimated 5M cable and broadband subscribers have been lost as the Pay-TV sector continues to feel the impact of cord-cutting and the coming of age of cord-nevers.
- The consumer shift toward viewing content on the Internet and mobile devices is so well-entrenched that the industry could dip below the 40M subscriber mark for the first time in over five years. A major surprise is that the viewing slump also include major sporting events which were once considered the lynchpin strategy to prevent the cord-cutting phenomenon. (BI chart)
- The recent surge in cable/media stocks is a result of the industry deciding it won't just sit on its hands amid stalled growth and will be open to consolidation.
- Previous: Putting a number to cord-cutting.
- Related stocks: CHTR, CVC, TWC, CMCSA, DISH, DTV.
- Related ETFs: PBS.
Friday, Oct 258:33 AMFBR Capital jumps on media stocks
Friday, Oct 258:33 AM| 2 Comments
- FBR Capital starts coverage on a number of media stocks with strong endorsements.
- Disney (DIS), 21st Century Fox (FOXA), and Discovery Communications (DISCA) are all lined up with Outperform ratings on the premise wider content distribution channels will benefit the firms. Even Netflix (NFLX) gets some legs to run by FBR with a $350 price target.
- It sounds as if the investment firm might be a fan of the PowerShares Dynamic Media ETF (PBS) as well.
Thursday, Oct 103:25 PMDid Malone set a fire under media stocks?
Thursday, Oct 103:25 PM| 5 Comments
- Media stocks outperform the broad market with comments from Liberty Media's (LMCA +2.5%) John Malone on the monetization possibilities in the industry not hurting the festive mood one little bit.
- If Malone is to be believed, new forms of content distribution will lead to riches across the sector.
- Advancers: Time Warner Cable (TWC) +5.6%, Charter Communications (CHTR) +3.9%, CenturyLink (CTL) +3.3%, CBS (CBS) +3.9%, Netflix (NFLX) +5.5%.
- Liberty Media Analyst Day webcast
- Related ETFS: PBS
Tuesday, Sep 2412:50 PMBroadcasters at risk if legal battles go astray
Tuesday, Sep 2412:50 PM| 1 Comment
- Broadcasters face a growing risk that courtroom decisions will go against them in a myriad of cases against Hopper (DISH), Aereo, and FilmonX.
- After a detailed breakdown of the most recent developments, BTIG thinks the pendulum is swinging toward the upstart services.
- If it does, the future of retransmission fees is up in the air.
- Related stocks: DIS, CBS, FOXA, CMCSA, SBGI, BLC, NXST.
- Related ETF: PBS
Monday, Sep 238:38 AMHollywood brushes aside censorship issues as it looks to China for growth
Monday, Sep 238:38 AM| 1 Comment
- Hollywood studios appear unfazed by the degree of censorship in China as the massive revenue potential in the nation proves blinding.
- Last year, the industry was more than willing to change major plot lines mid-development (ex: Red Dawn villains go from Chinese to North Korean), while this year media companies are setting up more local shops to help cater films to Chinese audiences.
- Profits could be plentiful, although a grass-roots backlash is also a possibility.
- Related stocks: TWX, SNE, LGF, FOXA, VIA, DWA, CMCSA.
- Related ETF: PBS
Wednesday, Jun 129:51 AMThe number of households with pay-TV is forecast to rise to 1B homes globally by 2018 led by growth in China and India, according to Digital TV Research. Though it's tricky separating the potential winners from losers in the sector (DTV, DISH, TWX, NFLX), the PowerShares Dynamic Media ETF (PBS) is something of a catch-all for the trend toward growth in the media industry. Top holdings: Dish 5.13%; Disney 5.11%; Google 5.10%; DirecTV 5.07%. |Wednesday, Jun 129:51 AM| Comment!
Monday, Apr 291:16 PMIt makes sense that an ETF holding Netflix (+133% YTD), Disney (+27%), and Time Warner (+26%) as top holdings is having a nice little run in 2013, but the PowerShares Dynamic Media Portfolio (PBS) ETF still has legs to run further, according to SA contributor Everyday Finance. The take on Big Media: Unlike companies in the broader tech and retail categories, media concerns tend to rarely compete on price - leaving enough profits for everyone to lap up. |Monday, Apr 291:16 PM| Comment!
Thursday, Jan 192012, 9:40 AMDefining overbought as being more than 5% above a 50-day moving average, Bespoke says 24% of tracked ETFs fit the bill. Leading the list is the homebuilders (XHB), more than 13% above its 50 day MA; Brazil (EWZ) leads the country ETFs, 8.2% above. A few more days of market gains and look for talk about the entire market being overbought. |Thursday, Jan 192012, 9:40 AM| Comment!
Monday, Aug 12011, 5:38 PMNot seeing the economic slowdown are U.S. media giants, currently riding an advertising boom. Rate increases for this year's "upfronts" - ad sales completed several months before the fall season - were among the strongest in years. The S&P media index +10% YTD vs. S&P 500 +2.4% |Monday, Aug 12011, 5:38 PM| Comment!
Thursday, Jul 142011, 2:08 PM
Monday, Feb 222010, 11:43 AMLouis Bacon's hedge fund bought big stakes in Anadarko Petroleum (APC), Petroleo Brasileiro (PBS) and Hess (HES). Stanley Druckenmiller snapped up shares of Massey Energy (MEE). Why are some successful hedge funds buying energy producers? Philip Orlando: "If you believe as we do... that the U.S. and overseas economies are going to continue to grow, you want to invest in companies and industries best leveraged to benefit from that." |Monday, Feb 222010, 11:43 AM| Comment!