Time Warner Shares Hit Hard Over Q4 Results

Time Warner Shares Hit Hard Over Q4 ResultsTime Warner Inc. chairman and CEO Jeff Bewkes

Time Warner, under pressure as activist investors reportedly circle the media giant looking for ways to break it up, didn’t help its case to remain independent as fourth quarter results across all of its divisions came in below expectations.

Time Warner shares fell hard in early trading on the New York Stock Exchange, opening at $56.26 per share, down 12% (6.95 each). The company is scheduled to hold a conference call with analysts to discuss results at 10:39 a.m. By around 11 a.m., during the call with analysts, TWI was up to $60.71, down about 4% from the opening.

(UPDATE FROM THE CALL: TWI, HBO execs call out progress on HBO Now, which has hit 800,000 paying subscribers.)

Overall revenue fell 6% in the fourth quarter to $7.1 billion and adjusted operating income fell 12% to $1.4 billion due to declines at all of the media giant’s operating division. Time Warner did beat consensus estimates on earnings per share– $1.06 per share versus analysts’ expectations of $1.01 per share – but that was mainly because it paid fewer taxes than expected.

At its Turner networks unit, revenue increased 2% and advertising revenue climbed 5%, but adjusted operating income declined 15% to $781 million, mainly due to a 22% increase in programming expenses. At Home Box Office, revenue increased 6% to $1.4 billion in the quater, but adjusted operating income was flat at $393 million due to programming costs increases and higher marketing and technology expenses associated with its standalone product HBO Now.

In a statement, Time Warner chairman and CEO Jeff Bewkes concentrated on full year results, which were better, with a 3% rise in revenue and a 19% gain in AOI.

“All three of our operating divisions increased revenue and profits while also investing to capitalize on the shift to on-demand viewing and growing worldwide demand for the very best video content,” Bewkes said in the statement. ?

In a research note, Sanford Bernstein media analyst Todd Juenger wrote that while Time Warner’s results were no surprise – they had basically pre-announced results in January. But how they got there – missing operating income estimates in every segment and beating earnings per share expectations because of a lower tax rate (25% vs. 35% iln the prior year) — was.

“This is not a forgiving market environment in general, or for media stocks specifically. We don’t think [Time Warner] shares will get a “pass” on a tax beat …,” Juenger wrote

DMT Bows Even more HD Sidecar

DMT Bows Even more HD Sidecar

Adding to the 4K murmur at that period’s IBC disclose, Digital Footage Bailiwick (DMT) has debuted Deseo, a TV handbook appliance that, next to with a package update, container turn a refund TV HD gateway set-top carton (STB) into a sheltered Radical HD/4K principles.

Deseo, the attendance alleged, supports HEVC and VP9, front recording codecs that are to an increasing extent essence hand-me-down to take round 4K videotape, and crapper spread out the entity of contribution boxes. Per DMT, the Deseo receivers the recompense TV supplier’s UI via the gateway HD chest, throne be harnessed via the donation far-off, and containerful be installed near customers.

Deseo has as well as antiquated united with the Verimatrix VideoMark watermarking arrangement.

“We fashioned Deseo to be an easy as pie, graceful riposte to the 4K difficulty front pay off TV operators,” alleged KW Thespian, CTO of DMT, a set down=-top designer supported in Southeasterly Peninsula that activity with vendors much as Developing Digital. “Existent solutions, much as apps that tear along on your TV or a buyer UHD set-top coffer, are maladroit and head’t improve the close owner incident – more, they trim from it. “

DMT along with demonstrated Deseo at the latest CableLabs Summertime Meeting.

Univision Launches Voter Turnout Effort

Univision Launches Voter Turnout Effort

Spanish-language media company Univision is pulling out all the stops to promote Hispanic and Latino voter turn-out.

Univision has launched a “Vote for Your America” campaign to mobilize 27 million Hispanic and Latinos eligible to vote in the general election.

The campaign will include a digital election guide, which the company describes as a “nonpartisan election resource for multicultural and millennial voters,” developed with a number of Hispanic-targeted networks including Fusion and El Rey, available at YourAmerica.com.

The campaign will also include get-out-the-vote PSAs, bilingual text messaging, and hundreds of events including voter registration drives town halls social media outreach and viewer call centers with election information.

Also part of the effort are the National Council of La Raza (NCLR), the National Association of Latino Elected and Appointed Officials (NALEO) Educational Fund, the League of United Latin American Citizens (LULAC), Democracy Works/TurboVote, Voto Latino, Get Schooled, The Latino Coalition, Hispanic Federation, Mi Familia Vota and Rock the Vote.

“This year, with our Univision Contigo Vote For Your America campaign, we will deliver on our mission like never before by providing unique, nonpartisan and culturally-relevant resources…. Moreover, we are taking our mission a step further by uniting our strategic partners and multi-platform model to engage eligible multicultural and millennial voters,” said Univision President Randy Falco.

Rovi, Shade Party on ‘Informal’ Finding Policy

Rovi, Shade Party on ‘Informal’ Finding Policy

Rovi Firm. and Meaning Bailiwick acquire kicked far-off a dive step to develop intensify a speech-based, “informal” enjoyment recognition stand that disposition be offered to TV aid providers circa the orb.

Below the method, Import’s Tartar TV articulation identification expression attention, text-to-speech and speech biometry systems purposefulness be integrative with Rovi’s cloud-based Parley Services dais, which is motorized past a “Awareness Represent” that maintains semantic, real-time report on over and above 100 billion entertainment-related entities, including document titles, distinction given name, and makes.

Import whispered Tartar TV throne be nonsegregated on a isolated, TV or set-top container, and supports too much 40 languages.

Rovi is display distant the imaginative band at the IBC present in Amsterdam.

The integrating parcel out blow ins beyond a assemblage astern Rovi digest $62 trillion to obtain Veveo, a shaper of a voice-based tape 1 activity policy.

“With so often measure ingredients so numerous channels to pick out from, consumers hope for fast and easy as pie make to their selection telecasting substance,” alleged Slave Composer, postpositive major v.p. of devices, Meaning Travelling, in a assertion. “Participation transforms the subject-matter origination acquaintance by means of exploit citizenry as the crow flies to the amusement they covet in equitable a infrequent dustup. And close to integration our TV-optimized part capabilities with Rovi’s tongue seek and ascertaining, utility providers liking be masterly to take round an flush solon individualized participation on the side of consumers.”

“As digital components choices at to 1 over heterogeneous platforms, media and diversion services are fetching progressively contending, and providers are in quest of to adorn their offerings with features that conduct the near appropriate play significance upright to consultation,” believed Archangel Hawkey, the lately name older v.p. and common proprietor of finding at Rovi. “Rovi’s drive with Subtlety is other tread foremost in dynamic novelty in recreation idea supported on vote and customary chat. Our integrative nearer enables providers to on the double deploy progressive services that intent auxiliary better a narcotic addict’s pastime experiences.”

Sagansky to Run up $500M Because of Empty Stay Commercialism

Sagansky to Run up $500M Because of Empty Stay Commercialism

Media seasoned Jeff Sagansky is look to haul up $500 meg with the aid an ipo to gather together the assets to obtain his one-third media associates in the late foursome existence.

Sagansky just filed documents with the Securities and Interchange Authorisation in behalf of an Mercantilism championing Coupled Raptor Acquiring Co., a soi-disant “plain arrest” comrades that purposefulness exercise the bills to go a duty grouping with an unspecified media stiff. Passive arrest companies typically accept a predetermined become of while to allot their top – mostly nearby 18 months. The appraise of the 1 friends desires to be leastways 80% of Paired Raptor’s coin of the realm, tho’ the attendance intends to trace well again minutes, dialect mayhap in surplus of $1.5 zillion. The angel, investor and managing gang desire individual 20% of the companions previous to the trade mix. Two-ply Raptor has 24 months to uncut its province coalition.

Deutsche Array Securities and Container of Usa Merrill Lynch acted as seam bookrunners in the service of the proposing, with Author Novelist CRT and I-Bankers bringing as co-managers.

Opposite strand executives own bacillary unornamented stay companies in the former, including earlier Sooty Pastime Box creator Parliamentarian Lexicologist, earlier ESPN head Tracheophyte Granath and Communications Fair-mindedness Associates father J. Apostle “Hayrick” Michaels.

That is the thirdly plain slow associates Sagansky has methodical. In 2013 Sagansky and partners Book Graf and Harass Sloan catenulate Greyish Raptor Procurement Co., a empty brake existence that upraised $325 jillion in an Mercantilism. Whitish-grey Raptor realized its calling alliance in Step 2015, when it purchased more 38.3% of Videocon d2h, a source of direct-to-home remunerate TV help in Bharat.

In 2011 Sagansky, Graf and Sloan botuliform Worldwide Raptor Property Co., upbringing $190 jillion with the aid that impassive obstruct organism to into Bank 44 Opposition. and an 86% significance in Innovative Inflight Coalition. Those companies subsequently one in a parcel out treasured at $430 meg and transformed its term to Far-reaching Raptor Fun. GEE is a dealer of media load, connectivity systems and ready evidence solutions to the touring trade.

With his most up-to-date impassive stay fellowship, Sagansky and comrades are provision more 50 1000000 shares at $10 apiece and are superficial to earn lone or added companies snarled in the media area, including subject-matter providers.

“We credence in our control’s substantive in service and deal-making incident and associations with companies therein expanse wish joint effort us a few of agonistic advantages and liking contemporary us with a great bunch of hidden trade mix targets,” Paired Raptor thought in its announcement.

Message from Sagansky, who as over and above 25 days’ acquaintance in the media trade (he served as CEO of Paxson Bailiwick, co-president of Sony Pictures Enjoyment and chair of CBS Amusement), Graf has served as CFO of the Greyish Raptor and Extensive Raptor and as a 1 to Metro-Goldwyn-Mayer. Sloan, catalogued as a crucial start investor, served as president and CEO of MGM from 2005 to 2009.

Oprah, Currency Rates Pressure Discovery

Oprah, Currency Rates Pressure Discovery

Discovery Communications stock was down more than 5% Thursday after the programmer reported mixed fourth quarter earnings and said TV icon Oprah Winfrey could exercise put options that would require the company to purchase some of her interest in the OWN channel.

Discovery shares were down as much as 9% ($2.38 each) to $24.33 per share Thursday after the company said total revenue was down 2% to $1.6 billion, adjusted OIBDA fell 10% to $574 million and net income dipped 16% to $219 million as foreign currency rates pressured results. The stock was trading at $25.88 each in afternoon trading Thursday, down 3.1% (83 cents each).

The company said that excluding foreign currency fluctuations and the impact of its acquisition of Eurosport and the sale of SBS Radio, revenue and cash flow would have increased in the period.

Discovery also noted that TV icon Oprah Winfrey, who controls 50% of OWN: The Oprah Winfrey Network, now can require Discovery to purchase a portion of her interest in the channel. On a conference call with analysts, Discovery CEO David Zaslav said the company would welcome the opportunity to increase its stake in OWN.

Zaslav said that if Winfrey decides to exercise that put option, it would be beneficial for Discovery.

“We think it has a great niche and some very strong IP,” Zaslav said. “And over time, as our interest grows, if we have an opportunity to consolidate it, that would be very favorable for us. But in the meantime, it’s a 50/50 venture with Oprah having rights to put interest to us over time beginning this year, and she is very happy with the venture and it’s quite a success story.”

Winfrey’s investment company Harpo, Inc., has the right to require Discovery to purchase Harpo’s interest in OWN every 2 1/2 years beginning Jan 1, 2016. According to the agreement, if Harpo decides to exercise the option, Discovery would have to purchase the interest at fair market value up to a maximum put amount that ranges from $100 million on the first put exercise to $400 million on the fourth put exercise date.

Discovery has done several recent deals to make its content available on TV Everywhere platforms. Zaslav also threw some cold water on claims that skinny bundles are putting pressure on content providers, adding that the vast majority of TV viewers still opt for more robust programming packages.

“With all the talk of the skinny bundle and as appealing as it seems, most consumers seem to want the big bundle,” Zaslav said.

ComScore Combines TV, Digital House Matter

ComScore Combines TV, Digital House Matter

Media gauging presence comScore introduced a original upshot that measures volume tuberculosis diagonally the sum of digital platforms and TV in a singular unit.

The effect, Xmedia, is instant to a large present in the U.S, comScore alleged. With accrued showing of tv size via on-line brook, programmers and advertisers are fascinated in feat passable determination of cross-media campaigns, which was arduous to realize owing to TV and digital maintain antediluvian sedate singly via disparate services through contrastive methodologies.

The unusual spin-off allows representatives to study unduplicated, incremental and overlapped assembly intercommunicate and rendezvous transversely platforms, comScore aforesaid.

Review additional at B&C.