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Does Best Buy’s Lousy Quarter Spell Trouble For Media Companies?

By DAVID LIEBERMAN, Executive Editor | Tuesday September 13, 2011 @ 11:30am PDTTags: Best Buy, Earnings Report

Investors who are shocked today by Best Buy’s miserable performance in the quarter that ended in August should take a fresh look at Bernstein Research analyst Craig Moffett’s important studies of what he refers to as the media industry’s “looming affordability crisis.” A report out today, synthesizing some of his recent research, notes that once the poorest 40% of the population pays for food, shelter, transportation, and health care “there is nothing left for clothing…for debt service…for cable…or for phone.” If the government cuts entitlement programs then it would “have a profound impact on spending patterns,” Moffett says, that would lead the media industry into “uncharted waters.” READ MORE »

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IMAX Q1 Down Due To Box Office Slump

By THE DEADLINE TEAM | Thursday April 28, 2011 @ 7:17am PDTTags: CEO Richard Gelfond, Earnings, Earnings Report, First Quarter, First Quarter Earnings, IMAX

The box office’s poor performance during the first part of the year has impacted IMAX, too. The giant-screen exhibitor reported first-quarter results this morning that saw revenue and earnings down. “The first quarter lacked event films, particularly compared to the … Read More »

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Sub Gains Boost Time Warner Cable 1Q

By THE DEADLINE TEAM | Thursday April 28, 2011 @ 6:49am PDTTags: Earnings, Earnings Report, First Quarter Earnings, Time Warner Cable

Time Warner Cable revenue grew 5% to $4.8 billion during the first quarter, the nation’s second-largest cable company said today in reporting earnings, citing gains in subscribers to its high-speed broadband and phone services. Net income grew from $214 million … Read More »

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