New York – While the recession and the general economic malaise have put a hurting on cable stocks this year, a panel of experts here said that despite the pressure there are still some bright spots in the sector.
Collins Stewart media analyst Tom Eagan, speaking on a panel at the "B&C-Multichannel News OnScreen Media Summit" here, said that cable stocks are trading at multiples equal to 4.5 times to 5 times 2009 estimated cash flow. During the last recession, he said, cable multiples were about 10 times forward looking cash flow.
“They are trading at half the level they were, although they have much better balance sheets,” Eagan said. But the analyst warned that the fourth quarter will be a very important one for cable operators, noting that satellite giant DirecTV has hinted that they are seeing increased demand for all of their services, while cable operators like Time Warner Cable have taken a more bearish stance.
Akamai provides market-leading managed services for powering rich media, dynamic transactions, and enterprise applications online. Having pioneered the content delivery market one decade ago, Akamai's services have been adopted by the world's most...
more
At Trylon SMR, we are dedicated Public Relations professionals solely serving clients in the media, technology, telecommunications, and related industries. We understand the specialized types of audiences our clients need to reach and the best...
more
Telestream products are used by the world's leading media and entertainment companies and corporations for transcoding and workflow automation. Telestream helps customers transform their media for multiplatform distribution to web, mobile, DVD...
more
JVC U.S.A. is a division of JVC Americas Corp., a wholly owned subsidiary of Victor Company of Japan, Limited. JVC is a leading developer and manufacturer of sophisticated audio and video products that use superior technologies to deliver high...
more
ESPN, Inc. is the world's leading multinational, multimedia sports entertainment company featuring a portfolio of over 50 multimedia sports assets. The company is comprised of six domestic television networks (ESPN, ESPN2, ESPN Classic, ESPNEWS...
more
In this week's edition of B&C Tech Talk, senior editor Glen Dickson talks about Scripps Television becoming the latest station group to consolidate its graphics operations with Chyron's Internet-based Axis system