Chart: Diversified Media Stocks - Week Over Week Price & Volume Breakouts
at 2006-07-09 19:40:28
 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), VIA-B ($35.33) & WON ($7.40).
Key developments that drove individual stocks:
● On June 27th, Tribune Company (TRB) announced that based “on the preliminary count by the depositary for the tender offer, Tribune expects to acquire approximately 45 million shares of its common stock at a price of $32.50 per share. These shares represent approximately 15 percent of the shares outstanding as of May 15, 2006.”
● McClatchy (MNI) closed on its acquisition of Knight Ritter and subseqently sold the Wilkes-Barre Times Leader (formerly owned by Knight Ritter) to Wilkes-Barre Publishing for $65mm.
● On June 26th, Journal Communications’ (JRN) Journal Broadcast Group announced it was selling KBBX-FM in Omaha to Connoisseur Media. Terms were not disclosed.
* View More Media Sector Charts *
Data in table version — click on a ticker for opinion and analysis of the company:
ign=left>
|
|
Price |
Volume |
| Ticker |
Company |
Change |
Change |
| BLC | Belo Corp. | -4.5% | 83.2%
| | CBS | CBS Corporation | 2.1% | 34.9%
| | CCU | Clear Channel Communications Inc. | 3.7% | 43.0%
| | DIS | Walt Disney Co. | 3.0% | -9.8%
| | DJ | Dow Jones & Co. Inc. | 2.3% | -42.6%
| | EMMS | Emmis Communications Corp. | -2.2% | -10.9%
| | GCI | Gannett Co. Inc. | 3.2% | 30.6%
| | HLR | Hollinger International Inc. | 1.9% | 3.2%
| | JRN | Journal Communications Inc. | 1.6% | 93.9%
| | MNI | McClatchy Co. | -3.6% | 125.4%
| | NWS-A | News Corp. | 2.7% | -42.1%
| | NYT | New York Times Co. | 3.0% | 5.4%
| | TRB | Tribune Co. | 3.5% | 155.1%
| | TWX | Time Warner Inc. | 1.9% | -12.4%
| | UVN | Univision Communications Inc. | 1.7% | 23.3%
| | VIA-B | Viacom Inc. | -1.0% | -10.1%
| | WON | Westwood One Inc. | 0.9% | 112.5%
| | WPO | Washington Post Co. | 3.6% | 129.8%
|
stocks
Full transcripts of recent conference calls in the Media sector
Add the Media Stock Blog to your My Yahoo! page
Aside: Did you know that Seeking Alpha now publishes a one-page recap of Jim Cramer’s Mad Money stock picks?
Blog Source - http://mediastockblog.com/feed/
|
