The Writers Guild strike is 12 weeks old and wreaking havoc on the TV biz. There's no new scripted programming. The Oscars are less than a month away, and with no promises yet from the WGA that they won't picket, there are serious fears it could turn into another movie-clip heavy press conference. We've got reality TV alright, tons of it--but the viewers aren't satisfied.
The story lines are unabashedly goofy. Cavemen invent the wheel to transport a beer cooler made of stone, and a car buyer enlists the help of a tribal warrior in case he needs some extra negotiating leverage at the dealership.
Economic concerns are making Wall Street nervous about the media sector. Today analysts at Goldman Sachs and Sanford Bernstein issued negative reports on the broad media sector. GS's Anthony Noto reduced estimates across communications, media and entertainment sectors.
The late night shows had their second night return to the airwaves and the networks are glad they are back after the two month hiatus. Their first night brought whopper increases in ratings--Nielsen reporting that Jay Leno, who returned without his writing staff, had his best ratings in years, 47 percent higher than his pre-strike average.
Now that the press blackout has been lifted on the Writers Guild strike talks, we're getting some insight into the ongoing haggling over offers and counteroffers. Last night the WGA released analysis of the producers association, the AMPTP's deal, saying that it would cost the companies $151 million over three years, and some studios would pay very little--MGM would pay only an additional $320,000 per year to writers.
This holiday season, buy them a single share of this stock. They’ll thank you later. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Countrywide has been very smart about figuring out ways to make money from every part of the mortgage process. Here's an example pointed out to me. Countrywide reinsures some of its mortgages. When a homebuyer puts down only 10%, he or she usually has to buy mortgage insurance from a third party (I thought mortgage insurance was dead in the age of 80-20 loans, but apparently not).
The Writers Guild contract expired at midnight--though there's no strike just yet, it is NOT looking good. The rhetoric last night was so angry and stubborn on both sides, I'm predicting a strike by mid-week next week. The WGA says the producers association "refused to continue to bargain until we agree that the hated DVD formula be extended to Internet downloads." HATED? Ouch.
Reports are saying the CEO will step down Nov. 4. That's the best thing that could happen to the bank, as far as Cramer is concerned.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."