News for 'SIRI' - (U.S. Equity News: Univision 4Q Profit Jumps on TV
Revenue and CBS Corporation Launches New Cross-Platform Sales)Feb 14,
2007 (M2 PRESSWIRE via COMTEX) -- City of Industry, CA -
Broadcastingindustryalert provided by U.S. Equity News. Spanish
language Media Company
Univision Communications Inc. (NYSE:UVN) said late Friday its
fourth-quarterprofitsurged, driven by gains within the company's
television unit. The company
earned $99.7 million, or 29 cents per share, compared with a profit of
$27.4million,or 8 cents per share, during the same period a year prior.
Revenue rose
6.5 percent to $546.9 million from $513.5 million. Telecom services
provider USStarcom(OTC:USTA) said it signed a letter of intent to spin
off its subsidiary,
US Starcom Technologies, which will now be called Relativity Inc. The
spun
offentitywill focus on providing software services for banking and
private equity
markets. US Starcom will own 1.25 million shares nof the new entity,
which
planstogo public over the next 6-12 months, the company said in a
statement.
CBS Corporation (NYSE:CBS) recently announced the creation of a
newcross-platformunit that bridges its radio, internet, outdoor and television
sales operations. CBS RIOT will combine the assets of CBS Radio's 147
stations,CBSInteractive's local websites, CBS Outdoor's millions of
billboards and
display faces, and the 39 owned and operated CBS Television Stations to
giveadvertisersunsurpassed reach on a local scale. SIRIUS Satellite
Radio (Nasdaq:
SIRI) recently announced that it plans to release 2006 financial and
operatingresultson February 27, 2007. SIRIUS also plans to hold a
conference call at
8:00 am ET to discuss these results. Investors and the press can listen
to
theconferencecall via the company's website, sirius.com, and
on its
satellite radio service by tuning to SIRIUS Channel 122.About U.S.
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at www.USEquityNews.comCONTACT: U.S. Equity News Tel: +1 626 961 8039
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(C)1994-2007 M2 COMMUNICATIONS
LTD**********************************************************************As of Saturday, 02-10-2007 23:59, the
latest Comtex SmarTrend(SM) Alert,
an automated pattern recognition system, indicated an UPTREND
on01-26-2007for UVN @ $35.90.
For more information on Comtex SmarTrend® Alert, contact your market
dataprovideror go to www.CSTADirect.com
SmarTrend is a registered trademark of Comtex News Network,
Inc.Copyright© 2004-2007 Comtex News Network, Inc. All rights reserved.
-0-Source: Comtex Wall Street News |
