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TV Bucking Trend of Slowing 2012 Ad Growth

Advertising growth is slowing down overall in 2012, but TV is doing better than expected, according to a new report by Michael Nathanson of Nomura Securities. For TV in 2012, Nathanson is projecting 7.4% growth, up from his earlier estimate of 6.6%. He sees the Big 4 broadcast nets growing 5.7% compared to his earlier estimate of 3.9%. He’s leaving national cable unchanged at 6%... More

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Analyst Sees Good Fit Between Disney, Scripps

Analyst Jason Bazinet of Citi Research says he believes the Walt Disney Co. may acquire Scripps Networks Interactive. Scripps has been seen as a possible acquisition target before. Bazinet says Scripps would fill in a key part of Disney’s audience portfolio by bringing in rich, upscale older women that don’t watch ESPN, Disney Channel or ABC Family. He also suggests that... More

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Analysts Take Swings After Viacom Flops

Viacom’s earnings report was a disappointing miss — the only media company to do so this quarter and the first by Viacom since 2008 — and analysts’ reactions ran from bad to worse. Best case scenario: things have to get better from here. Anthony DiClemente of Barclays Capital headlined his report “Viacom Inc.: Reaching the Trough?” He’s... More

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What Les Moonves Isn’t Worried About

After announcing CBS’ record-setting, but not unexpected, earnings Thursday, Les Moonves was upbeat as usual. While advertising revenues at the top-rated CBS Television Network were only flat in the corner, Moonves expressed little concern about the third-quarter scatter softness other media executives cautioned analysts about. “In August, we don’t worry about the... More

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Syndication Market Grows, Gives CBS Revenue Boost

A growing syndication market could help CBS have big years in 2013 and 2014, according to a new report from analyst David Bank of RBC Capital Markets. With shows including NCIS: LA and The Good Wife about to start generating syndication payments, CBS could generate $300 million of high-margin off-net revenue in 2013, Bank says.  CBS also has shows starting to cash in during 2014,... More