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While investors cheered Yahoo's news, this week's darkened Internet may foreshadow a tough earnings season for media stocks.
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CES stole the spotlight this week as much of Wall Street was in attendance, analyzing trends and business drivers of the media industry for 2012. Last week I wrote about Wall Street's revised projections for the media industry (growing more risk-averse). Next week, in my Jack Myers Media Business Report (subscribers-only) I'll drill down on the major takeaways from the Consumer Electronics Show held in Las Vegas. Coinciding with CES, Wall Street spent this week making their top media picks and highlighting trends for 2012. Here's what went down:
Read More 2011 was a great year for the media industry and while the economic future is a bit cloudy, new technologies, distribution platforms, and enlivened competition will make for a very interesting next couple of years.
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Today's interns are Internet Pioneers -- the first to spend their whole lives with the Internet and mobile as an embedded part of their lives. The Internet is the defining influence on Internet Pioneers, and they are hooked up to and dependent on the Internet for managing almost every aspect of their lives.
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DISH's intentions related to wireless are becoming clearer with its deal with regional wireless carrier nTelos to test a 50Mbps fixed wireless broadband service. DISH could use its spectrum along with that from CLWR (if successful in their acquisition bid) to develop a viable broadband platform. This would help DISH to remain competitive with other MVPDs that increasingly offer broadband packages that enable advanced services such as VOD, home monitoring, cloud storage, etc. This is in line with our belief that DISH will try to transition towards IPTV using its wireless infrastructure.
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