Investment bank Berenberg, in a report to clients on the likely financials from satellite operator SES due on August 3rd, is urging SES to announce a buyback of shares. SES is due to receive about $3 billion (less 18-19 per cent tax) at the end of the year as its compensation from the FCC for […]
Investment bank Jefferies, which recently opened up detailed coverage of the video games industry, says that from interviews and discussions it has had with investors who generally remain “bullish” on the sector, but view the next 12 months for the sector as challenging. Jefferies says the sentiment overall was one of “let’s talk next year”, […]
A report from investment bank Jefferies says that it is “cautious” on Australia’s overall media sector. “Visibility is poor, linear TV would continue to show weakness, and while Broadcaster Video-on-Demand (BVoD) will provide an offset, content costs are rising. OML Media is our top pick in the sector as it is recovering to pre-Covid levels,” […]
Investment bank Berenberg is maintaining its ‘SELL’ advice on UK commercial broadcaster ITV to clients. Moreover, the bank is also cutting its advertising revenue estimates for the broadcaster saying that demand has dropped “quite sharply” for Q4/2022. The bank suggests that ITV is not alone, noting: “Across Europe, the advertising environment is deteriorating, and it […]
Investment bank Berenberg says that Viaplay, the fast-expanding Nordic – and wider European – pay-TV and streaming operator is suffering from its Q3 financials. Indeed, says the bank, there is still “significant uncertainty” over the broadcaster’s Q4 performance. Nevertheless, Berenberg delivers ‘BUY’ advice to clients on Viaplay Group’s shares despite “the failure of strong direct-to-consumer […]
A report from investment bank Berenberg suggests that the “hopefully shallow” recession is definitely coming and will affect advertising – but that agencies will not be hit as badly as media. Berenberg expects 2023 to suffer a full-year decline in ad-spend. “Our economics team now forecasts negative economic growth in major Western markets in 2023 […]
A report from investment bank Jefferies on BT Group, following a briefing by BT Consumer division’s CEO Marc Allera, quotes him saying that BT is focused on value over volume, and that there’s no intention on seeking increased market share. The bank’s report says that BT is keen to signal that it has no ambition […]
A report from equity analysts at investment bank Berenberg has downgraded its advice to clients to ‘Sell’ shares in the UK commercial broadcaster. The bank believes the market’s consensus estimates for ITV are too optimistic. “While forecasts have fallen following the announcement of additional investment in ITVX, consensus still expects modest growth in advertising revenue […]
London-based Avanti Communications has recapitalised and cut its debt burden in the process. Avanti has been under extreme financial stress for some time and entered Chapter 11 bankruptcy reconstruction in 2018. The company, which supplies Ka-band satellite capacity over Europe, the MENA region and Africa, has faced recent pressure because of the risk of a […]
French broadcasting rules and obligations are probably the toughest in Europe, and are likely to become even more rigid. The French senate has published a report on media concentration, which some observers say was prompted by the merger proposals between TF1 and M6 and the Vivendi take-over bid of Lagardère. A report to clients from […]