Acquisitions, Company Investments, Quarterly Results, and Financial Results - Research Report on News Corp., Grupo Televisa, Liberty Media, Sinclair Broadcast, and Madison Square Garden
by PR Newswire
NEW YORK, August 28, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting News Corp. (NASDAQ: NWSA), Grupo Televisa, S.A.B. (NYSE: TV), Liberty Media Corp. (NASDAQ: LMCA), Sinclair Broadcast Group Inc. (NASDAQ: SBGI), and The Madison Square Garden Company (NASDAQ: MSG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
News Corp. Research Report
On August 12, 2013, News Corp. reported that it is has acquired exclusive mobile and Internet clip rights for England's Barclays Premier League and several additional major leagues in Japan, Vietnam and Indonesia, to begin with the 2013 season later in August 2013. According to the Company, it also holds the exclusive English Premier League mobile and Internet rights in Japan, Indonesia and Vietnam for three years, through the 2015-16 season. Robert Thomson, Chief Executive of News Corp., commented, "European football is growing exponentially in popularity in Asia, particularly among the younger generation, whose passion for the game is complemented by a rapidly increasing adoption of smartphones. We will, exclusively, have every goal from every game in the Premier League and action from the German, French and Italian leagues for audiences in Indonesia, Vietnam and Japan." The Full Research Report on News Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-13/NWSA]
Grupo Televisa, S.A.B. Research Report
On August 1, 2013, Grupo Televisa, S.A.B. (Televisa) reported that it has invested Ps.7 billion in convertible debt instruments which, subject to regulatory approvals, will permit Televisa to acquire 95% of the equity interest of Tenedora Ares, S.A.P.I. de C.V. (Ares)- owner of 51% of the equity interest of Grupo Cable TV, S.A. de C.V. (Cablecom). The Company informed that in the future and subject to regulatory approvals, Ares will also have the option to obtain the remaining 49% of the equity interest of Cablecom at a value estimated at c.9.3 times EBITDA of the 12-month period preceding the closing of such acquisition. Televisa further added that as a part of this deal, Televisa has also invested c.Ps.2.5 billion in a debt instrument issued by Ares. The Full Research Report on Grupo Televisa, S.A.B. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-14/TV]
Liberty Media Corp. Research Report
On August 6, 2013, Liberty Media Corp. (Liberty Media) released its Q2 2013 results. Total revenues increased to $1.1 billion, up from $135 million in Q2 2012, mainly led by SiriusXM's- its wholly owned subsidiary which the Company acquired on Jan 18, 2013. According to Liberty Media, in Q2 2013 Sirius's subscription base stood at 25.1 million and revenues were $940 million, up 12% YoY. Liberty Media's net income stood $937 million in Q2 2013, compared to $96 million in Q2 2012. Greg Maffei, President and CEO of Liberty Media, commented, "We are very pleased with the job Jim and his management team did this quarter. Consumers love SiriusXM and the operating performance of the business reflects that" The Full Research Report on Liberty Media Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-14/LMCA]
Sinclair Broadcast Group Inc. Research Report
On August 8, 2013, Sinclair Broadcast Group Inc. (Sinclair Broadcast Group) reported that has acquired Fisher Communications, Inc. (Fisher) for c.$373.3 million (minus acquired working capital). The Company stated that in accordance with the agreement, shareholders of Fisher accepted $41 in cash per share of Fisher common stock they owned, which represented a 44% premium to the closing price of Fisher common stock on January 9, 2013. The Full Research Report on Sinclair Broadcast Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-14/SBGI]
The Madison Square Garden Company Research Report
On August 21, 2013, The Madison Square Garden Company (Madison Square Garden) reported its Q4 FY 2013 and full-year FY 2013 (period ended June 30, 2013) financial results. The Company's revenue increased 1.0% YoY to $336.4 million in Q4 FY 2013. Net income stood at $36.4 million or $0.47 per diluted share, in Q4 FY 2013, compared to $28.6 million or $0.37 per diluted share, in Q4 FY 2012. For full-year FY 2013, revenue arrived at $1.3 billion representing a 4.4% YoY growth. Net income stood at $142.4 million or $1.83 per diluted share in full-year FY 2013, compared to $106.5 million or $1.38 per diluted share, in full-year FY 2012. President and CEO, Hank Ratner said: "We concluded fiscal 2013 with a solid fourth quarter, capping off another record year of revenues and adjusted operating cash flow for our company, as we continue to benefit from the combined strength of our fully integrated media, entertainment and sports business. This fall, we will reach one of the most important moments in Madison Square Garden's history as we debut a completely transformed arena that will continue to deliver multiple benefits for our company." The Full Research Report on The Madison Square Garden Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-14/MSG]
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SOURCE Investors' Reports