Deals: One of the latest names to crop up in
LA Dodgers bidding wars comes with a long-time cable connection as
Leo Hindery has reportedly teamed with LA mega-rich
Tom Barrack to vie for the franchise. Now the managing partner for
InterMedia Partners, Hindery made his cable mark via
TCI. More on the bidding wars from the
LA Times. --- According to
Reuters,
News Corp.,
Time Warner and
TPG Capital have all placed bids up up to ~$1B for
Calik Holding's
ATV-Sabah media unit in Turkey. Calik payed $1.1B for the unit in December 2007.
Money Matters: While analysts slaver over
Time Warner Cable's 4Q results, the
NAB sees a golden bullet: The cable op made too much money to complain about retrans, say the broadcasters. NAB spokesperson
Dennis Wharton blasted the cable op's net income increase of 44%, adding, "It's laughable to suggest that broadcasters are responsible for higher cable rates." --- Meanwhile, Wall Street analysts are looking bullish on media companies in general, noting stronger ad sales and online distribution deals among other factors.
SmartMoney has a good company-by-company roundup.
Company Reports:
Gannett missed 4Q expectations as special charges helped drag its earnings to 0.$49/share v. $0.72/share y/y. Among the losers on company rolls was the broadcast unit where revenues fell 14.2% on weaker political spending. Get the company release
here.
Pay: Poor
Philippe Dauman .... The
Viacom CEO's 2011 pay came in at just over half of his 2010 take, according to company reports. Dauman saw $43.1M in total compensation in 2011 v. $84.5M in 2010.
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