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CBS Loses Less Money, CEO Les Moonves Makes More
CBS lost less money in the first quarter than one year ago, according to the network’s earnings report yesterday. The company, which owns the CBS television network and local stations, reported a net...
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Cablevision Triples Income, Newsday Slows Bleeding
Cablevision Systems reported a three-fold increase in net income for the first quarter, thanks to a slew of new subscriptions and robust cable ad revenues. Revenue rose 5 percent, to $1.75 billion,...
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OK! Magazine’s Owners Are OK With Losing $787,000 on Every Issue
Keith Kelly has called OK! magazine the most expensive magazine launch in the history of American publishing. After the first 223 issues of the American edition, which began in August of 2005, losses...
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Living in the Red, Second Quarter Rings Martha Stewart’s Bell
After a second-quarter earnings call yesterday, stock for Martha Stewart Living Omnimedia Inc. took at 12 percent drop. Bloomberg Businessweek attributes the movement to loses suffered by the company’s...
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Donald Graham's Cash Cow
The Wall Street Journal reported this morning on Washington Post Co. chairman Donald Graham’s recent hands-on approach to Kaplan, his money-making college test prep business (they issue degrees now,...
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Two Ways to Spin The New York Times Co.’s Third Quarter Forecast
Yesterday morning New York Times Co. announced in a release that it is is performing below expectations in several important financial measures for the third quarter. Total revenue is down more than...
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Jamie Dimon Nails It Again! $4.4B in Third-Quarter Profit!
After he used his “fortress balance sheet” during the 2008 financial crisis to emerge stronger than ever, winning America’s heart in the process, one would think that a $4.4 billion third-quarter...
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Citigroup’s So-So Quarter Beats Expectations
Just as fellow enormous bank JPMorgan Chase did last week, Citigroup reported solid third-quarter earnings today. And like JPMorgan Chase, the bank suffered from slight weakness on the revenue side and...
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Apple's $6 Billion Profit Beats Estimates
Apple Computer, a technology company that makes iPads, iPhones, iMacs and other gadgets, today reported earnings, and apparently its numbers were very good compared with Wall Street’s expectations....
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Apple Bloggers Trounce Bank Analysts in Calling Quarterly Earnings
In the battle between Apple-obsessed bloggers and Wall Street professionals charged with making calls on the company’s quarterly earnings, the wonky financiers took a hefty drubbing, according to...
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Sotheby’s Falls Short of Quarterly Expectations, Losing $29.7 M.
Sotheby's New York. Sotheby’s, the only major publicly traded auction house, announced that it lost $29.7 million in the third quarter, which ended Sept. 30, compared to a $19.4 million loss during the...
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