Published: February 07, 2014
With established brands that enjoy strong consumer recognition, Discovery's channels have become "go to" venues for nonfiction content. The company has kept fully distributed channels such as Discovery Channel and TLC fresh by continuously investing in new programming and updating existing conten...
Published: July 18, 2013
If CBS continues to take $1billion of its estimated 2billion in fcf generated each year to continue its accelerated share repurchase. To be conservative if I assume CBS uses half of the proceeds from the sale of the Outdoor business to repurchase shares. Assuming that shares are repurchased at $5...
Published: September 28, 2012
No industrial logic supports the continuation of CRWN as an independent company (or, technically, an affiliate of Hallmark Cards, Inc.). A sale of the Company to a larger cable programmer would result in immediate and significant cost savings as well as future revenue enhancements, value that sho...
Published: June 19, 2012
CBS has yet to license content for current running shows on CBS or Showtime (i.e., its most valuable content!). Translation: they are signing $100mm+ deals for content that is 20, 30, 40 years old in some cases. The stuff that is really valuable is the current show lineup, which could produce a t...