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What do you think is going to happen with WWFE
programming contract on USA? Seems like other broadcasters
like Viacom are interested. I am long on WWFE. Any
honest opinions would be appreciated. Thanks and good
Well all I know which isnt much is that if the
network does get to keep the contract they are going to
be paying a hell of a lot of money for it whenever
the contract is up which I dont know when it is...All
I know is that I hope i am well out of the stock by
board and I will let you know if golfboy189 is
posting on your board, he is bogus. Come on over and look
at the posts on the board and see for yourself. The
rumors swirling around USAI/SATH are interesting for
PS: God Bless Derrick Thomas and his family.
The NYSE & Nasdaq are both up nicely today, and
USAI is down a good amount. With all the positive news
out on this company and with the upcoming stock split
we should be up over $60.00 by now. Come on USAI get
I've been holding this stock for several
years...and yes I'm happy I have doubled my money.... so I'm
not complaining but I'm VERY puzzled as to why this
stock does not get recognized for it's true potential.
As bigpopper say's, positive news, a split coming,
Barry Diller is brilliant (that's my input) and the
market is going up and USAI is going down... Go
If someone can explain what's going on I would
appreciate it. Thanks
This stock has everything going for it. Great
cable channels and internet.coms. What more do you want
in a stock!!!!!
Cannot wait till this baby splits
in a couple weeks. We should start the nice climb up
strongly once that occurs.
WOW!!!! Talk about an earnings surprise. Analysts
were expecing a loss of .22 cents a share, but instead
USAI only lost .05 cents per share in the quarter.
With this great news, along with a 2 for 1 split just
over 2 weeks away, USAI should be headed straight
Lets keep our fingers crossed for a great year ahead
All this good news and as of 12:30 the stock is
up only about 1/2. I thought today was going to be a
banner day. What will it take to get this stock moving?
Other stocks skyrocket on lesser news. Well, only time
will tell. Maybe the split will bring the price into a
more desirable range. Can anyone explain what is
keeping this stock from trading in the low 60's?
Wednesday February 2, 7:44 pm Eastern Time
Networks to report Q4 Thursday amid Seagram
LOS ANGELES, Feb 2 (Reuters) - When Barry Diller,
chief executive officer of media giant USA Networks
Inc. (NasdaqNM:USAI - news), talks with reporters
Thursday after the release of earnings, he will inevitably
be asked about persistent rumors that Seagram Co.
Ltd (Toronto:VO.TO - news) is looking to spin off its
film studio to the home shopping and cable TV
Neither Seagram or USA Networks would comment on the
speculation, which has abounded for months but resurfaced with
new rigor in various press reports this
Sources close to Seagram said it was baseless. A source
close to USA Networks cited no knowledge of such talks,
but hedged by saying such a scenario could not be
ruled out entirely.
Many analysts and industry
executives feel that such a transaction is logical, since
Diller took control of Seagram's Universal Studios'
television business two years ago.
analysts expect more consolidation in the media business
due the recent back-to-back blockbuster deals between
Time Warner Inc. (NYSE:TWX - news) and America Online
Inc. (NYSE:AOL - news) and music giant
``It's not that such a deal would be surprising. These
two companies are already tied together,'' said
Jessica Reif-Cohen, analyst for Merrill Lynch. ``Its
still very speculative, but every media company is
rethinking their strategy after the Warner/AOL deal,'' she
Seagram's big wager on music with its purchase of PolyGram
seemed to get validation on Wall Street with the Time
Warner deals, and many industry insiders feel Seagram's
Chief Executive Officer Edgar Bronfman has long wanted
to focus his company entirely on music.
Networks, with its mix of media assets, such as various
broadcast and cable stations like the Home Shopping
Network, and several electronic commerce businesses
ventures, is a perfect fit for a company such as Seagram's
troubled Universal Studios movie operation.
a lot more probable that Seagram will be a seller
than a buyer in any kind of a deal,'' said Larry
Gerbrandt, senior analyst for Paul Kagan Associates. ``The
Street quite frankly has more confidence in Diller's
management approach and savvy and new media companies (like
USA) seem to have a flexibility to cut deals and turn
exiting assets into something bigger than the old line
companies,'' he said.
For the fourth quarter, analysts surveyed by
First Call/Thomson Financial expect USA Networks to
report a loss of 21 cents a share for the fourth
quarter, vs. a profit of 4 cents a year ago.
from the company's start-up businesses, which include
Internet, broadcasting and new home shopping ventures,
largely account for the net loss, according to
Looking at earnings on a pro forma basis, core business
earnings before interest, taxes, depreciation and
amortization, or EBITDA, will increase 21.8 percent to $204.4
million, while such losses from start-up businesses on a
pro forma basis will increase to $52.5 million from
``On a pro forma basis, we
project that EBIDTA for the consolidated companies will
grow at a slower rate rate of 4.3 percent to $151.9
million as a result of increased losses from start-up
companies,'' said Vinton Vickers, analyst with ING Barings
Seagram's stock has soared from the low 40s in late
December to around 60, fueling speculation that a deal is
in the works. On Wednesday, Seagram's stock rose
1-1/16 to 59-3/8 on the NYSE, while USA Networks rose
1-61/64 to 51-57/64 on Nasdaq.
however, called the speculation nonsense. Indeed, Seagram
has benefited handsomely from the 45 percent stake it
bought in USA Networks two years ago in a complex deal
that gave Diller control of much of Seagram's
television assets. Seagram's stake is worth nearly $8
``The primary reason for the rise in
Seagram's stock price has been the Time Warner/EMI deal.
There's no question that the merger validated Seagram's
music merger and the potential digital downloading of
music,'' said Paine Webber Inc.'s Chris
Nevertheless, the Los Angeles Times on Tuesday reported that
Diller was said to be trying to persuade two of his
biggest shareholders, media moguls Paul Allen and John
Malone, to help him buy Seagram's movie and theme park
The newspaper said Bronfman also may be considering
other options, such selling the entire company, with
its music, entertainment and spirits operations,
outright to some media behemoth such as AT&T Corp. (NYSE:T
- news), or Rupert Murdoch's film and media company
News Corp. Ltd. (Australia:NCP.AX - news).