3 Media Stocks In Focus: DirecTV’s Take on Sports, Highlights From Disney’s Earnings Call, and AOL’s Mixed Quarter
DirecTV (NASDAQ:DTV): DirecTV’s earnings call was largely centered around sports, and the network’s strategy in relation to them. ”Just because you ask for triple the fees doesn’t mean you’ll receive triple the fees,” said CEO Mike White, when discussing the renewal of the contract with the NFL for the firm’s NFL Sunday Ticket programming, and striking a carriage deal for the new Time Warner Cable (NYSE:TWC) L.A. Dodgers network.
Disney (NYSE:DIS): From Disney’s earnings call, the investments that the company is making in Fantasy Land at the Magic Kingdom in Orlando seems to be alleviating traffic. Management also noted that an all-time, single-day attendance record was set over Easter weekend. CEO Robert Iger pointed out that the one segment that is under-performing at the company, its TV business, is attributed to the general TV markets compressing, but Iger and the company see Disney’s market share improving.
AOL (NYSE:AOL): Following its spin-off from Time Warner (NYSE:TWX), AOL has worked feverishly to reinvent itself, and move in other media-related directions. It seems the plan has been working. Earnings of $0.32 missed by $0.03, but revenues of $538.3 million narrowly beat estimates by $1.15 million. Although ad sales grew 9 percent, it was a decline from the fourth quarter figures of 13 percent. Figures across the board were mixed; most numbers fell short of fourth quarter figures, but were overall up year-over-year.
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