Amigos and All,Medialink Worldwide, Inc. (MDLK) Is the global leader in communicating corporate news to the public via television, radio newscasts and other media.
IPO Jan 97 - Not much data available for TA so looking at FA this company seems to be moving along. They appear to have a good business plan of acquiring talent and expanding there company and services through out the world. I was wondering if anyone knows anything about this company. FA is not my forte but here is what I have found out.
Some news since IPO
May 97 - Appointed Charles C. (Chuck) Walker, Emmy Award-winning veteran television network and major market broadcast operations executive, to head its production unit. Walker, former Director of News Production at ABC News, and most recently Director of Broadcast
Operations at KTLA-TV in Los Angeles, has joined Medialink as Vice President,Production. In his new post, Walker is charged with overseeing Medialink's expanding production capabilities.
Also in May 97 announced that it now reaches the rapidly growing Hispanic audience through an exclusive Spanish-language service, Radio Noticias. The new service, which comprises audio news releases, radio media tours (where a spokesperson speaks via telephone to multiple
radio stations from one location), public service announcements and Internet posting,reaches 450 radio stations aimed at the more than 27 million Hispanic Americans. Radio Noticias offers clients seeking to reach the Hispanic market a full audio package,including full script writing, recording and editing of an Audio News Release (ANR) with
voice-over and sound bite, all in Spanish. All Spanish-language news/talk radio stations in the US are notified via fax, with the most critical stations receiving personal pitch calls. The ANR is distributed to stations via a dedicated digital 800 phone line. The ANR is monitored and tracked via caller-ID and personal follow-up by Medialink's Spanish-speaking media relations staff. The ANR is also posted on Medialink's dedicated website, NewStream, which is marketed directly to consumers, as well as on the company's journalist-only home page. These can be hyperlinked to clients' own websites.
June 97 - Announced the acquisition of Corporate Television Group Inc., a preeminent business video communications company. Corporate Television (CTV) had audited revenues of $6.5 million in 1996 and earnings before interest and tax (EBIT) of $873,000, after
certain non- recurring fee-sharing charges of $1.1 million. For the first four months of 1997, CTV recorded audited revenues of $2.8 million and EBIT of $821,000. CTV provides strategic video communications consulting and production services for internal
and external audiences and has developed a highly regarded reputation for excellence in crisis communications. CTV also produces video news releases, satellite media tours and live satellite broadcasts, often in association with Medialink.
Also in June 97 - Signed an exclusive agreement with ABC Radio to transmit the text advisories of Medialink radio projects into more than 1,000 radio newsrooms via the ABC Radio Newswire.
This agreement expands an existing relationship with ABC Radio, under which Medialink audio projects are delivered to newsrooms via ABC satellite facilities. The new agreement provides Medialink with a data transmission pathway to ABC Radio affiliates, including ABC owned-and-operated stations (O&Os) in major markets across
the U.S. Medialink creates and distributes a variety of radio projects for its more than 1,200 clients, including audio news releases, radio media tours, public service announcements, and audio posting on the Internet.
August 97 - Announced the acquisition of London-based On Line Broadcasting Ltd.,a leading specialist provider of audio and video communications services.
Medialink has acquired all of the outstanding shares of On Line Broadcasting for an initial purchase price of 50,000 sterling pounds(approximately US$82,000) and 21,995 shares of Medialink common stock based upon a valuation of $10 per share. Additional
shares of Medialink common stock will be issued to On Line's shareholders based on the annualized revenues and profits of On Line Broadcasting for the 10-month period from March 1, 1997 through December 31, 1997. Privately held On Line Broadcasting reported revenues of approximately 190,000 pounds (US$310,000) in 1996.
Nov 97 - Announced David Whitbourn, award winning former deputy new editor of central television, has been appointed vice president of European operations.
Jan 98 - Expanded its international operations throughout eastern Europe and Russia. And formed an alliance with media 98, a highly regarded media communications company based in Prague, the Czech Republic. This is Medialinks 18th global affiliate, to be led by broadcast news veteran Anna Franklin, founder of Media 98.
Feb 98 - A major professional organization dedicated to assessing internet content awarded Medialink for its creative and innovative application of internet website technology and design. Newstream, the streaming audio and video news website operated by Medialink on behalf of its 1,300 clients, won the outstanding site web award given by the web marketing association.
Also in Feb 98 - Michael Sawatka former senior account executive at Technology Solutions, Inc. joins Medialink as account manager.
Also in Feb 98 - Medialink upgraded by Prudental and Hambrecht & Quist.
Performance Highlights 4th Q 1997 vs 1998
82% Growth in Revenues
212% Growth in net income
84% Growth in earnings per share
EPS 0.15 on a weighted average of 5,690,000 shares outstanding. Up from pro forma 0.08 on a weighted average of 3,455,000 shares outstanding.
Performance Highlights Year End 1997 vs 1996
69% Growth in Revenues
181% Growth in net income
76% Growth in earnings per share
EPS 0.44 on a weighted average of 5,390,000 shares outstanding. Up from pro forma 0.25 on a weighted average of 3,327,000 shares outstanding.
Major Shareholders
Institutions
Fidelity Mgmt & Res Corp 7.5%
Rothschild Asset Mgmt 6.5%
Citicorp 4.5%
Bankamerica Corp 3.3%
Mentor Invt Advisors LLC 3.3%
Funds
Fidelity Sel Leisure 3.5%
First Amer - Emerging Gr 2.8%
Mentor Growth 2.3%
Robertson Stph Microcp Gr 1.9%
Insiders
American Research & Dev II LP 9.6%
Moskowitz Laurence 6.1% President
Rodeen Gerald P. 1.2% Director
McWhirter J Graeme 1.0% Vice President
Zacks Info
3 - Strong Buys
1 - Moderate Buy
Net Margin - 8.9%
ROE - 12%
Debt Cap - 1%
7/21 44/211
Any thoughts or comments will be appreciated.
Joe |
