Rob Zenilman submits: Last week’s price movement in the Diversified Media sector ranged from +3.7% (CCU) to -4.5% (BLC). TRB, WPO & MNI led week over week volume increases at 155.1%, 129.8% & 125.4%, respectively.

New 52 week lows were made by BLC ($15.60), MNI ($38.80), Clear Channel’s Poor Audio Flagging Strategy Will Marginalize Their Business Model (CCU)
at 2006-07-09 19:40:27

George Gutowski submits: Clear Channel (CCU) testifies before Congress about audio flag technology. The broadcast flag system is a technological method identifying content as copy-protected and involves the formation of rules that classify how devices must handle flagged content (restricting or allowing certain uses like multiple copying or playback). Audio Flag technology promises to help prevent the unauthorized downloads of music without appropriate compensation to the record label and/or artists.

Clear Channel makes the case that because of changes that HD radio is bringing which are expensive (approximately $100,000 per station or $400,000,000 for the indust

Ant & Sons submits: Shares of television system operator Charter Communications Inc. (Nasdaq: CHTR) are up $.07, or 6.31%, to $1.18 in heavy but sideways trading.

The upside comes after Citigroup analyst Jason Bazinet surprisingly upgraded the stock to “buy” from “sell,” stating that the company is ripe for a turnaround. In a note to clients, the analyst expects the company to reverse three flat years of EBITDA (earnings before interest, taxes, depreciation and amortization) as it begins to offer VOIP (voice over internet protocol) services.

Citigroup’s Bazinet also praised Charte

Rob Zenilman submits: Trailing 12 month P/E ratios of stocks covered in the Diversified Media sector ranged from 58.2 (UVN) down to 1.9 (EMMS), with a median value of 20.8.