December 27, 2013 |
Twitter is said to be flying too high and too fast. That's the opinion of Macquarie Research Equities, which downgraded Twitter stock Friday from "neutral" to "underperform," the firm said in a note. "We continue to believe that Twitter as a company has a bright future and many opportunities ahead," analysts said. "However, as a stock, we believe nothing has changed over the last 15 days to justify the rise in valuation. " Twitter Inc.'s shares have nearly tripled since its initial public offering last month, including big gains in recent days.
December 23, 2013 |
SAN FRANCISCO -- With investors hoping Facebook and Twitter can ramp up their advertising revenue, the companies' stocks surged Monday to record highs. Facebook gained nearly 5% to $57.77, while Twitter shot up almost 8% to $64.54. Facebook's stock price has more than doubled this year. Twitter has nearly doubled since its initial public offering early last month. Investors are seizing on the momentum of the companies' ad revenue. Research firm EMarketer says both companies will expand their share of the digital ad market.
December 10, 2013 |
As television viewers increasingly watch shows days and weeks after they originally air, broadcasters are trying to get paid for more of those views. On Tuesday, CBS Corp. Chief Executive Leslie Moonves said advertisers are increasingly willing to pay for those audience members who watch via digital video recorders, video-on-demand and online streaming. "We're getting closer to getting paid for every eyeball that watches our shows," said Moonves, speaking at the UBS Global Media and Communications Conference in New York. It's common for ad companies to pay broadcasters for viewership generated live and within three days of an original telecast, and Moonves said some companies are now paying for viewers within seven days -- a metric the industry refers to as "C-7.
November 20, 2013 |
Tribune Co., the parent of the Los Angeles Times, unveiled a restructuring plan that will slash nearly 700 jobs over the next year. The 6% staff reduction will come primarily from the company's newspaper unit but will largely involve operations personnel rather than reporters and editors at its eight daily papers, Peter Liguori, Tribune's chief executive, said in an interview Wednesday. The restructuring is intended to help Tribune withstand the continuing decline in print advertising, which traditionally has been the lifeblood of the newspaper industry.
November 5, 2013 |
Rupert Murdoch's newly streamlined 21st Century Fox media company missed Wall Street's profit expectations for the fiscal first quarter, despite raking in higher revenue from television programming fees and advertising sales. The quarter ended Sept. 30 marked the first reporting period for the slimmed down and newly minted company, which spun off its publishing assets at the end of its last fiscal year in June, and changed its name to 21st Century Fox. For the quarter, Fox reported net income of $1.26 billion, or 54 cents a share, compared to $2.23 billion, or 94 cents a share, a year earlier. On an adjusted earnings-per-share basis, to exclude the sale of an ownership interest in a pay TV encription business, the film and television company earned 33 cents a share, down from 38 cents a share a year earlier.
October 30, 2013 |
SAN FRANCISCO -- Will Facebook wow investors with mobile again? That's the question as the giant social network prepares to report third-quarter earnings after the closing bell Wednesday. The company excised some of the concerns that dogged its initial public offering by reporting a surge in advertising revenue from users on smartphones and tablets in the second quarter. Mobile ad revenue jumped 76% to $656 million from the previous quarter. Mobile advertising is the key metric for all Internet companies as consumers gravitate to smartphones and tablets and away from desktop computers. Mobile users make up 819 million of Facebook's nearly 1.2 billion monthly users.