Todd Mitchell (Kaufman Bros.) submits: Analyst Todd Mitchell sent a notes to clients Friday's on Comcast's (CMCSA) 4Q06 results, reiterating his buy rating. Excerpts follow:

Comcast pulled back on higher capital expenditures guidance. Comcast reported stronger-than-expected 4Q06 results and called for even stronger momentum in 2007. However, shares pulled back on a $1 billion-plus increase in expected capital expenditures, which is now expected to result in flat FCF in 2007. CMCSA had a nice run and we see the rationale for taking profits, but shares are not expensive, and we think Thursd

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CEC Entertainment: Pirate Capital Lowers Stake To 4.8%
at 2007-02-06 15:22:24

Lon Juricic submits: In an amended 13D filing on CEC Entertainment (CEC) after the close Wednesday, Pirate Capital disclosed a 4.8% stake (1.61 million shares) in the company. This is down from the 7.3% stake (2.44 million shares) Pirate disclosed in a 12/07/06 filing and the 3.045 million shares held as of the quarter ended September 30th.

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  XM Satellite Radio's OEM Installations: Counting Subscribers
  at 2007-02-06 15:22:23
  

  Tyler Savery submits: Some analysts, and even XM Satellite Radio (XMSR) itself, point out that subscriber growth in the first half of 2007 will not be particularly strong. Those statements left alone without further understanding can be a bit dangerous. This is particularly true given a change in the methodology XM will be using counting some subscribers.

  With a change in methodology come an unbalance, and until the current methodology can absorb that change, the balance is disturbed. That is exactly what will be happening for XM in the first half of 2007.

  

  The “weaker” first half numbers are n
  
  

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  Viacom Plays Hardball With Google on YouTube; YouTube Capitulates
  at 2007-02-06 15:22:21
  

  Henry Blodget submits: After getting stiffed in negotiations with YouTube (details, anyone?), Viacom (VIA) has demanded that YouTube remove 100,000 unauthorized Viacom clips. Although this is obviously little more than another negotiating tactic (like the preposterous idea floated a few months ago about the creation of a Big Media YouTube Clone), it will be interesting to see how this plays out.

  YouTube could presumably argue that, legally, it is not responsible for what individuals choose to upload (as long as its user-agreements make clear that they ar
  
  

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  There's No Business Like Show Business, and Hardly Any Dividends
  at 2007-02-06 15:22:21
  

  Stockerblog submits: Yes, there's no business like show business stocks, but are there any that pay dividends? Apparently there are very few dividend paying pure plays and semi-pure plays in the motion picture production and theater industry. Here they are along with their yields:

  Regal Entertainment Group (RGC) 5.4% Large theater circuit across the U.S.
  Carmike Cinemas Inc. (CKEC) 3.2% Theater owner in 37 states
  Time Warner Inc. (TWX) 1% Entertainment conglomerate
  Walt Disney Co. (