Post by ivyivy on Dec 11, 2009 1:18:19 GMT -5
NEW YORKthe simpsons dvd (Dow Jones)--Shares of Walt Disney Co. (DIS) continued rising Thursday, hitting a 52-week high, a day after its chief executive told an investor conference that the advertising market is improving.
Speaking at anthe simpsons dvd
investor conference Wednesday in New York, Robert Iger--echoing comments from other media conglomerates--said the market is improving but "visibility isn't all that great." He noted fourth-quarter advertising at its ABC Broadcasting network in the so-called scatter market is up disney dvdabout 25% from the spring selling season, known as theAmerican dad dvd upfront.
In recent trading, Disney disney dvd box setshares were up 3.4% at $31.40. The stock hit an intraday high of $31.49 and has risen 10% in the last three months. The stock was recently the strongest performer in the Dow disney dvd collectionon a percentage basis.
Miller Tabak & Co. analysSouth park dvdt David C. Joyce said the company didn't say anything materially different than that at a November conference, but investors are now paying closer attention to the state of the advertising market. In November, the company said network scatter pricing was running more than 20% above upfront pricing levels.
"They are still seeing a very strong TV advertising demand," said Joyce, who rates the stock a buy. He added thatthe simpsons dvd the company is still being cautions as "everyone [in the media the simpsons dvd
industry] is waiting to see what the new normal is after the holiday in terms of expenditures."
Standard & Poor's analysts South park seasonalso said Iger's comments reinforced their view of gradual improvement in underlyingdisney dvd trends in early fiscal 2010 and maintained their buy rating on the stock.
Meanwhile, Janney Montgomeryfamily guy dvd Scott disney dvd collectionanalyst Tony Wible said in a note to clients that he sees opportunities for multiple expansion as Disney benefits from emerging digital initiatives, DVR advertising and new market opportunities. He added that the company should also see an upside in "changes in distribution windows that will negate the new technology threats that we believe are largely discounted into the stock."
Wible noted that Disney appears more committed to the support of subscription-based Internet Protocol television, or IPTV, packages, which the company is growing more convinced will happen through a new iTunes the simpsons dvd streaming service and Hulu
Speaking at anthe simpsons dvd
investor conference Wednesday in New York, Robert Iger--echoing comments from other media conglomerates--said the market is improving but "visibility isn't all that great." He noted fourth-quarter advertising at its ABC Broadcasting network in the so-called scatter market is up disney dvdabout 25% from the spring selling season, known as theAmerican dad dvd upfront.
In recent trading, Disney disney dvd box setshares were up 3.4% at $31.40. The stock hit an intraday high of $31.49 and has risen 10% in the last three months. The stock was recently the strongest performer in the Dow disney dvd collectionon a percentage basis.
Miller Tabak & Co. analysSouth park dvdt David C. Joyce said the company didn't say anything materially different than that at a November conference, but investors are now paying closer attention to the state of the advertising market. In November, the company said network scatter pricing was running more than 20% above upfront pricing levels.
"They are still seeing a very strong TV advertising demand," said Joyce, who rates the stock a buy. He added thatthe simpsons dvd the company is still being cautions as "everyone [in the media the simpsons dvd
industry] is waiting to see what the new normal is after the holiday in terms of expenditures."
Standard & Poor's analysts South park seasonalso said Iger's comments reinforced their view of gradual improvement in underlyingdisney dvd trends in early fiscal 2010 and maintained their buy rating on the stock.
Meanwhile, Janney Montgomeryfamily guy dvd Scott disney dvd collectionanalyst Tony Wible said in a note to clients that he sees opportunities for multiple expansion as Disney benefits from emerging digital initiatives, DVR advertising and new market opportunities. He added that the company should also see an upside in "changes in distribution windows that will negate the new technology threats that we believe are largely discounted into the stock."
Wible noted that Disney appears more committed to the support of subscription-based Internet Protocol television, or IPTV, packages, which the company is growing more convinced will happen through a new iTunes the simpsons dvd streaming service and Hulu