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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (23788)	6/13/2006 2:09:26 PM
From: E_K_S	Respond to of 78817

Hi Paul - I added again to my WON position at $7.98 and now have 66% of my core position built. Another new low so I hope the bottom is reached soon (perhaps by October). What is interesting is that a 15% institution holder just posted a 13G change in ownership filing on June 6, 2006. Lord, Abbett & Co. LLC now shows that they now own 6.7% shares outstanding ( 5,777,267) and are perhaps done with their selling. Their previous 13G holding report was December 2005 (filed 2-14-06) which showed a 14.61% ownership interest (12,824,272 shares). That's over 7 million shares they sold Jan 1 2006-May 31, 2006. moneycentral.msn.com Lazard Asset Management LLC also reduced their position in May 2006 to just over 3.16% ( 2,985,260 shares owned) too. So perhaps the big sellers are now done. It is also interesting to note that Goldman Sachs was in there buying shares according to their 13G reports. Maybe they are collecting these shares for a customer (CBS?). I have been wrong many times and this may also be the case this time. I do like it when I buy when everybody else is selling. It looks like Lord, Abbett & Co. LLC has thrown in the towel. EKS

To: Paul Senior who wrote (23788)	1/14/2007 11:06:58 PM
From: E_K_S	Respond to of 78817

Deal With CBS May Prove Google's Move Into TV Wide-Ranging Talks Include Radio, Local TV Spots, Licensing Fees adage.com From the article:"...A deal with Google Audio could help boost CBS's struggling radio and, possibly, local TV ad-sales divisions. Radio revenue is down 7% through the first three quarters of 2006 and local TV is expected to face difficult comparisons in 2007 as last year it got a boost from the 2006 elections. Contrary to many assumptions, the deal wouldn't be just for remnant inventory, and would be instrumental in helping Google get its audio-advertising business off the ground...." --------------------------------------------------------------- This deal is a big move for CBS Radio and Westwood One (WON) as it could potentially allow Google to integrate their audio-advertising business into the CBS network. EKS