CBS Corporation (CBS), the media conglomerate, recently asserted that it still expects its full year 2009 operating income before depreciation and amortization (OIBDA) in the range of $1.725 billion to $1.925 billion.  The uptrend seen in the second-quarter 2009 revenue has made management optimistic and forecasted better results in the third and fourth quarters compared to the earlier quarters in 2009. The company also indicated some signs of revival in advertising demand in core categories like retail, telecom, pharmaceuticals and quick service restaurants.   Although the sluggish advertising market continues to hurt total revenue, which declined 11% to $3,006.3 million in the second-quarter 2009, but CBS saw a 3% improvement in quarterly revenue compared with a 14% drop in the first-quarter 2009.  In a separate story, National Amusement Inc., the holding company of media tycoon Sumner Redstone plans to sell its stake in CBS Corporation and ...

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Friday October 9, 2009

DrStockPick.com Stock Report!

MBRX, PWRM, CBS, CSRH, CVC, CVAT, NOC, AQNM, UTX

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MBRX, Metabasis Therapeutics Inc.

MBRX, a biopharmaceutical company, engages in the discovery, development, and commercialization of novel drugs targeting the liver and liver pathways.

On September 15, 2009, MBRX received a letter from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”), notifying the Company that based upon the closing bid price of its common stock for the last 30 consecutive business days, the Company did not maintain a minimum closing bid price of $1.00 per share or more that is required for continued listing

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Friday October 9, 2009

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North Dallas Bank & Trust Co. (OTCBB: NODB) announces net earnings of $1,344,021 or $0.52 per share for the three months ending September 30, 2009, compared to $1,348,016 or $0.52 per share for the same period in 2008. Year to date net earnings through the nine months ending September 30, 2009 totaled $3,357,751 or $1.31 per share compared to $3,968,757 or $1.54 per share for the same period in 2008.

Trico Marine Services, Inc. (Nasdaq:TRMA) announced that its wholly

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CBS Corporation (CBS) announced the completion of the divestiture of its four radio stations – KINK-FM, KUPL-FM, KUFO-FM and KCMD-AM – in Portland, OR, to Alpha Broadcasting for $40 million in cash. CBS has been aggressively selling slower-growth radio stations in mid-sized markets to focus on large markets that promise real growth. Management is looking for accretive options to divest more radio stations since the market for station sales has improved. As the company divests non-core assets, it is leveraging its strong balance sheet to deploy cash in higher-growth interactive businesses that complement its core operations. Its acquisition of CNET Networks in June 2008 is notable. It also bought Last.fm, a global community-based music discovery network, in May 2007 for $280 million. Radio operations are in the middle of a secular industry decline and cyclical softening. Radio revenue fell 23% year over year in the ...

Recently, CBS News, a unit of CBS Corporation (CBS) entered into a strategic deal with GlobalPost, a global news provider, whereby the latter will provide international news coverage to CBS for a monthly fee. The terms of the agreement were not disclosed yet.  Immense competition from cable and online media, and the shrinking print advertising revenue had compelled CBS and other broadcasters to scale back on international coverage by laying off reporters and editors to save costs, and to look for other cost effective way to get international news.  As per the deal, GlobalPost would offer its network of 70 correspondents placed in 50 countries readily available to CBS News. Since its launch in January 2009, the site has been gradually increasing its video contents and reportedly has an average of 400,000 unique visitors every month.  GlobalPost has already signed strategic deals with 25 other ...

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Monday August 10, 2009

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CBS Corporation (NYSE: CBS.A and CBS) announced today that it has signed a definitive agreement to sell four of its owned radio stations in Portland, Oregon, KINK-FM (Adult Album Alternative), KUPL-FM (Country), KUFO-FM (Active/Alternative Rock) and KCMD-AM (Talk), to Alpha Broadcasting for $40 million in cash. IAC (Nasdaq: IACI) today officially announced that interactive entertainment veteran and lifetime achievement award recipient Louis Castle has joined IAC’s InstantAction Holdings as its new CEO. Under Castle’s leadership, InstantAction will pursue an expanded business strategy that will build upon the vision of true, frictionless web publishing, and will more effectively connect developers directly to consumers while

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TiVo (TIVO) shares on Monday, June 29, 2009, lost 4.08% and fell $0.45 to close at $10.58. The slide in the price followed the U.S. Supreme Court's decision to permit Cablevision (CVC) and other cable operators to offer network DVR (Digital Video Recorder) service.

The new service will allow subscribers to record programs on centralized servers, instead of requiring separate set-top boxes with in-built hard drives. The standard TiVo DVR records and stores TV shows on a hard drive in the set-top box, allowing consumers to playback programming and skip past ads. The new remote-storage DVR system converts every digital set-top box into a DVR, and allows users to record shows.

A number of film studios and television networks including Time Warner (TWX), News Corporation (NWSA), CBS Corporation (CBS) and Walt Disney (DIS) squabbled that Cablevision's new remote-storage DVR violated federal copyright

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Highlights include Emmis Communications Corporation (EMMS), News Corporation (NWS) and CBS Corporation (CBS).Emmis Communications Corporation (EMMS) today became the latest advertising-dependent company to indicate that the market is troughing. Jeff Smulyan, CEO of the 8th largest U.S. radio broadcaster, commented, "The operating environment is slowly improving."This follows a declaration last week by News Corporation (NWS) CEO Rupert Murdoch that, "It is increasingly clear that the worst is over," and an optimistic forecast from Sumner Redstone, the CEO of CBS Corporation (CBS), based on "...early signs of an improving local marketplace."To be sure, accelerating drops in industry ad revenues - which are now running at 15% to 30% year-over-year -- will inevitably begin to diminish as they lap weak comparables in late 2009. But a resurgence back to volumes that will generate acceptable levels of profitability is a 2010 ...

For Immediate Release

Chicago, IL - May 12, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Nanosphere, Inc. (NSPH), CBS Corporation (CBS), News Corporation (NWS), Corrections Corporation of America (CXW) and John Bean Technology Corp. (JBT).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Monday's Analyst Blog:

Nanosphere Q1 Revs Disappoint

Nanosphere, Inc. (NSPH) reported financial results for the period ending March 31, 2009 following the market close on May 7, 2009. Revenue came in at $255,225, all of which was from product sales, which consisted largely

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For Immediate Release

Chicago, IL - May 11, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Lloyds Banking Group plc (LYG), CBS Corporation (CBS), Somaxon Pharmaceuticals (SOMX), Alexza Pharmaceuticals (ALXA) and NeurogesX, Inc. (NGSX).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Friday's Analyst Blog:

Lloyds Still Expects a Loss

Today in its first quarter trading update, Lloyds Banking Group plc (LYG, or Lloyds) announced that it still expects to post a loss for full-year 2009 (excluding an accounting gain from negative goodwill) on the back of

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