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 Send to email | Ad Slowdown Hitting NBC, CBS in CBS |  By Silicon
el 14-Apr-2008 |
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 NBC U's weak results were relative bright spot amid the GE fiasco last week. Jeff Zucker's unit posted 3% revenue and profit growth in Q1. But that was less than the 10% revenue and 5-10% profit increases GE had predicted in January.
Now GE says NBC will post 10% revenue and 5% profit increases in Q2. But we don't have any reason to believe Jeff's group will do that this time, either.
Why not? Because the ad recession looks like it's finally hitting the company -- and will likely bang up the rest of the big media conglomerates, too.
Local ad sales at NBC declined 11% in Q, and Goldman Sachs expects that trend to take a harder toll on CBS (CBS) when the company reports earnings in two weeks. Goldman believes there was a broad pullback in local advertising in Q1, led by car dealerships, and it's not going to get better in Q2. The really bad news -- Goldman is taking "continued deterioration as an early sign that pressure on the national ad market should soon follow."
And it's not just old media: NBC said the weakening economy was "impacting Internet ads." Digital revenue was up 5% in the quarter, anemic given double-digit growth of the online ad market.
After seeing NBC's struggles, Goldman is expecting CBS to turn in an even worse quarter then NBC: down 3% in revenue ($3.5 bn), up 1% in EBITDA ($642 m) and up 4% in earnings per share ($0.35). It should be noted that in EBITDA and EPS growth, Goldman is actually more bullish than the street consensus of $588 m EBITDA and $0.33 EPS.
As the NYTimes reported today, the CBS is facing challenges in all its businesses, including prime time where its about to lose its "most watched" crown. And CEO Les Moonves' compensation is growing in reverse proportion to ad revenues.
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| Valley Newbies: What Slowdown? |  Slowdown? Did someone say Silicon Valley was heading for a slowdown? Don't tell the kids getting out of UC Berkeley. Our thoroughly informal poll of recent grads and grads-to-be finds plen [..] Read complete article | | Published 11-Apr-2008 by Silicon in GOOG
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| Ad Slowdown Hitting NBC, CBS | | NBC U's weak results were relative bright spot amid the GE fiasco last week. Jeff Zucker's unit posted 3% revenue and profit growth in Q1. But that was less than the 10% revenue and 5-10% profit i [..] Read complete article | | Published 14-Apr-2008 by Silicon in CBS
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 | Nerdblog |  Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
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| Internet Ad Slowdown Hits WebMD |  At least one ad-supported Web company is feeling the pinch from the slowdown: WebMD cut 2008 guidance today in an an earnings pre-announcement "to reflect a recent shift toward shorter term [..] Read complete article | | Published 23-Apr-2008 by Silicon in WBMD
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| New PS2 Models Hitting US Stores [PlayStation 2] | | Multiple readers across North America have emailed to inform us that the new, slightly smaller, AC adapter-less PlayStation 2 systems are hitting U.S. retail outlets this week. Reader Schpadoinkle666 works at Walmart (we're sorry) and sends us a picture of the new package, while [..] Read complete article | | Published 26-Aug-2008 by Mike Fahey in PlayStation 2 News Original Retail Sony thinner
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Tech CEOs: Richer Than You Are |  There's nothing more fun to do during an economic slowdown than reading about people who make gobs more money than you (or we) do. The good folks at Forbes are well aware of this: Hence their list of the 12 highe [..] Read complete article | | Published 02-May-2008 by Silicon in GLWCSCOJAVAANVDAHPQWFREMCIBMINTCAAPLORCL
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| Problogger | Blogger | Blog tips to help you blogging
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| 9 Essential Questions to Ask Yourself Before Posting to Your Blog | | HaraldJohnsen asks “As a quality control, what are the most important questions to ask before hitting ’submit’ / posting a blog post?”
Great question Harald - I actually think that most of us as bloggers could improve many of our posts by pausing before hitting ’submit/publish’ and asking a few basic questions about the post. Here [...] [..] Read complete article | | Published 27-Apr-2008 by Darren Rowse in Writing Content
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