Wednesday Morning June 15th, 2011, Volume 28, Issue 117
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 Wall Street goes wild for Pandora Media IPO
A scathing last-minute "Heard on the Street" column in the Wall Street Journal didn't scare speculators away from the initial public offering of Pandora Media. Shares of the Internet streaming "radio" company priced at $16 – well above the projected range of $10-12, which had already been increased a few days ago.
RBR-TVBR observation: We were predicting a strong pricing, but this is just mind-blowing. There are no metrics to support the price – just hype. But the hype has been effective. We still look for the price to shoot up from the $16 IPO price when trading begins. More...
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Tuesday brought a stock rebound - 6/14/11
A favorable report on retail sales gave Wall Street reason to celebrate after Monday's sell-off. The Dow Jones Industrial Average rose 123 points, or 1%, to 12,076. Retail sales are an important driver af advertising, so broadcasting stocks had a good day. The RBR Radio Index was up 9.319, or 2.8%, to 339.274. The TVBR Television Index was up 6.423, or 2.7%, to 245.004. More...
Review all Broadcast Stocks News at RBR.com
Winners |
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Losers |
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| Salem |
+9.2% |
Radio One |
-3.2% |
| Entravision |
+6% |
n/a |
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Sinclair |
+5.1% |
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RBR/TVBR Observations...visit and bookmark www.RBR.com
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Only On RBR.com
Part 2: Traffic & Revenue Mgmt Systems:
Working with automation systems
Media Markets & Money
Bankruptcy auction
Set for KFFV-TV Seattle
Wall Street Business Report
Tuesday brought a stock rebound
Broadcasting had a good day |
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Joining CBS
Former WPIX-TV NYC GM Betty Ellen Berlamino has been named Sr. VP and Director of Sales for the CBS Television Stations O&O group.
New CFO
RHI Entertainment has named Andrew P. Hines Executive Vice President & Chief Financial Officer. He previously held a similar post at World Color, now part of Quad-Graphics.
Double addition
NCast Corporation has hired Robert Moss as Vice President of Business Development, and Lloyd Hastings as Director of Sales.
Scripps shift
EW Scripps CFO Timothy E. Stautberg is going back to his print roots as Sr. VP of the company's newspaper division. The search is now on for a successor as CFO.
SM to Live 95-5
Cressy Walton has been named the new Sales Manager for Alpha Broadcasting's new KBFF/Live 95-5 in Portland, effective 7/11. She joins from CBS Radio/Phoenix where she has spent the past 14 years as a Senior AE for KMLE, KOOL and KZON.
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Street ignoring Pandora naysayers / LPTVs take exception
6/14/11 RBR-TVBR #116
Emmis-Alden another twist / NBC getting traction
6/13/11 RBR-TVBR #115
Money is flowing- Who's getting it
6/12/11 Sunday edition
Right ways to execute on Social Media
6/11/11 Saturday edition
CC's coffers refilled / FCC still trying for indecency
6/10/11 RBR-TVBR #114
US ad spend up 4.4% in Q1
Total advertising expenditures finished the quarter at $32.5 billion. Although Q1 performance fell below 2010 levels, the ad market has now achieved five consecutive quarters of YOY growth. Television: sports programming cable TV spend up nearly 32%. Network TV ad spend down 10%. Local Radio up 3.4% and National Spot Radio down 3.3% for the quarter.
6/14/11 RBR-TVBR #116
Wall Street likely to ignore Pandora naysayers
RBR-TVBR observation: Our prediction is that the offering will price at the top of the projected $10-12 per share range (and maybe go over) and that the full greenshoe will be picked up. That doesn't mean we've change our mind about Pandora's business model. Nor would we want to own any of the shares. But the hype is going to drown out those who are shouting "Internet bubble" and the stock will jump on the NYSE from whatever the IPO price turns out to be. Problem: making this business turn a profit.
6/14/11 RBR-TVBR #116
Santorum first GOP presidential hopeful to buy radio ads
RBR-TVBR observation: Not surprising that Santorum would turn to radio to try to break out of the GOP pack. He's certainly comfortable behind the mic, having just recently ended a regular fill-in host job with Salem Radio Networks as he declared himself an official candidate for the Oval Office.
6/14/11 RBR-TVBR #116
CW lands with Fisher in Boise
Block Communications will not be picking up The CW for KTRV-TV Boise after losing Fox to former CW affiliate KNIN-TV, owned by Journal Communications. Instead, the new CW affiliate is Fisher Communications' KBOI-TV (CBS), which will put The CW on a digital multicast channel. Effective no later than September 12.
6/14/11 RBR-TVBR #116
Walkers gather some Moss with hybrid Texas deal
Here's something you don't see every day - a married couple in an unrated portion of Texas is buying one station and striking a time brokerage agreement for another, and the seller/landlord in both cases will be the same person. The result will be a de facto old-fashioned AM-FM combo.
6/14/11 RBR-TVBR #116
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