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Belo Corp. (BLC: Summary, Messages, Articles) Trade Alert – BLC Enters Multi-year Partnership with Noofangle Media

 

Belo Corp. (BLC: Summary, Messages, Articles) shares closed yesterday at $3.14, down 11.80% from the previous close of $3.56. Belo operates as a television company. It has recently entered a multi-year partnership with Noofangle Media to utilize the company’s portfolio of lifestyle editorial content on Belo’s Web sites.

 

Under terms of the agreement, Noofangle will provide Belo with pre-packaged content from the company’s portfolio of lifestyle Web sites, which include Green Right Now (www.greenrightnow.com), an environmental lifestyles Web site; Get Listy (www.getlisty.com), an entertaining Web site that features a daily list on a hot topic; Shopperati (www.shopperati.com), a shopping Web site; and TV Puzzles.com (www.tvpuzzles.com), a collection of games and online crossword puzzles.

 

Through the partnership, Belo Internet users will be able to access Noofangle’s content directly from Belo’s Web sites, with Noofangle’s Web pages designed to complement and duplicate the look of Belo’s existing Web pages.

 

Belo also said it will release its third quarter 2008 earnings results Monday, November 3, at 7:30 a.m. CST. To follow at 1 p.m. CST on that same day is a conference call to discuss the earnings release and other matters of interest to shareholders and analysts.

 

The company also recently declared a regular quarterly dividend of 7.5 cents for each outstanding share of Series A and Series B common stock, which will be payable December 5 to shareholders of record as of November 14.

 

Belo owns and operates 20 television stations, including ABC, CBS, NBC, FOX, CW, MyNetwork TV affiliates, as well as their associated Web sites, in 15 markets across the United States. Additionally, it has regional cable news channels in Texas and the Northwest.

 

In today's daily chart, BLC's Bollinger Bands indicate greater than normal volatility as reflected by an increase in distance between the upper and lower bands. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price trend. MACD reflects a strong bearish signal, with the indicator below the 9-day moving average signal line, and also below the critical 0 level, indicating that moving averages are trending lower. With share prices currently below the stock's 13-day moving average, the bearish signal is more pronounced with decreasing moving averages.

 

New York Times Company (NYT: Summary, Messages, Articles) Trade Alert – NYT's Columnist Receives Nobel Price in Economics

 

New York Times Company (NYT: Summary, Messages, Articles) shares closed yesterday at $12.05, down 7.45% from the previous close of $13.02. New York Times operates as a diversified media company in the United States. It has a strategic alliance with Monster Worldwide Inc.

 

Columnist Krugman, who represented the New York Times since 1999, recently received the Nobel Prize in economics. According to the press release he was lauded for his theories on how urbanization can have an impact on trade patterns; a Princeton University professor, Krugman is a relentless and articulate critic of economic policies and although it is easy to discern where his personal political beliefs lie through his writings, the Nobel Prize was awarded on merit and not because of political opinions; and from records, the columnist has done very solid work for a long time, which he deserved to be awarded on merit.

 

New York Times also recently announced the sixth annual New York Times Travel Show scheduled for February 6 to 8 at the Jacob K. Javits Convention Center in New York City. Nearly 500 exhibitors representing more than 100 countries will be featured in the Travel Show and will focus on travel destinations, packages and special offers, as well as tour operators, cruise lines and live entertainment.

 

The New York Times Travel show is the largest consumer and trade travel event of its kind in the United States featuring different regions of the world including Africa, Asia, Australia/South Pacific, Canada, the Caribbean, Central America, Europe, Mexico, South America and the United States.

 

New York Times operates in two segments, News Media and About Group. The News Media segment comprises The New York Times Media Group consisting of The New York Times; NYTimes.com; the International Herald Tribune; IHT.com; and a New York City radio station, WQXR-FM. This segment also comprises the New England Media Group, which includes The Boston Globe, Boston.com and the Worcester Telegram & Gazette; and the Regional Media Group consisting of 14 daily newspapers in Alabama, California, Florida, Louisiana, North Carolina and South Carolina, as well as related print and digital businesses.

 

The About Group segment consists of the Web sites of About.com, ConsumerSearch.com, UCompareHealthCare.com and Calorie-Count.com. This segment also holds interest in a Canadian newsprint company and a supercalendered paper manufacturing partnership in Maine, a regional cable sports network that televises the Red Sox game.

 

In today's daily chart, NYT's Bollinger Bands indicate above normal volatility as reflected by an increase in distance between the upper and lower bands. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price action. MACD reflects a strong bearish signal, with the indicator below the 9-day moving average signal line, and also below the critical 0 level, indicating that moving averages are trending lower. With share prices currently below the stock's 13-day moving average, the bearish signal is more pronounced with decreasing moving averages.

 

Gannett Co. Inc. (GCI: Summary, Messages, Articles) Trade Alert – GCI Draws $1.2 Billion from Borrowing Facilities

 

Gannett Co. Inc. (GCI: Summary, Messages, Articles) shares closed yesterday at $11.37, down 13.60% from the previous close of $13.16. Gannett operates as a news and information company in the United States and the United Kingdom.

 

The company, suffering from a broad decline in the U.S. newspaper market, recently announced it has drawn down $1.2 billion of its borrowing facilities. Saying the new borrowings would be used to repay commercial paper, Gannett tapped agreements with Bank of America, JPMorgan Chase and Barclays. Manifesting the growing rush by businesses to lock in funding as commercial paper markets shut down around them, Gannett's decision followed similar moves by Goodyear, General Motors and Duke Energy.

 

The company also said its third quarter 2008 earnings conference call with financial analysts will be held Friday, October 24 at 10 a.m. ET. The call will be accessible live to the media and general public via Web cast and through a limited number of listen-only, dial-in conference lines.

 

Gannett operates in two segments, Newspaper Publishing and Broadcasting. The Newspaper Publishing segment publishes 102 daily newspapers in the United States and the United Kingdom, approximately 900 nondaily publications in the United States and Guam, as well as publishes approximately 300 titles in the United Kingdom. This segment also includes PointRoll, an Internet advertisement services business; Planet Discover, a provider of local, integrated online search and advertising technology, as well as operates HighSchoolSports.net. In addition, it engages in commercial printing, newswire, and marketing and data services operations.

 

The Broadcasting segment owns and operates 23 television stations that reach approximately 20 million households in the United States. These stations operate Web sites offering news, entertainment and advertising content in text and video format. This segment also includes Captivate Network, a national news and entertainment network that delivers programming and full-motion video advertising through video screens located in elevators of office towers and select hotels in North America.

 

The company has strategic business relationships with online investee companies, including CareerBuilder; Classified Ventures; ShopLocal.com; Topix.net; and Metromix LLC.

 

In today's daily chart, GCI's Bollinger Bands indicate greater than normal volatility as reflected by an increase in distance between the upper and lower bands. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price trend. MACD reflects a strong bearish signal, with the indicator below the 9-day moving average signal line, and also below the critical 0 level, indicating that moving averages are trending lower. With share prices currently below the stock's 13-day moving average, the bearish signal is more pronounced with decreasing moving averages.

  

Washington Post Company (WPO: Summary, Messages, Articles) Trade Alert – WPO Launches In-depth Video Series “Hard Times”

 

Washington Post Company (WPO: Summary, Messages, Articles) shares closed yesterday at $371.40, down 10.51% from the previous close of $415.00. Washington Post, together with its subsidiaries, operates as a diversified media and education company in the United States and internationally.

 

The company has recently launched "Hard Times," an in-depth video series by Travis Fox. It helps translate how the financial crisis and market turmoil are affecting individuals across the country and serves as a reflection on the economic issues that will be a top priority when citizens cast their presidential ballots.

 

Eric Pianin, politics editor at washingtonpost.com, stated "Hard Times is meant to be a hard-hitting, poignant series focusing on the pain, suffering and dashed hopes of people brought about by failed economic policies on Wall Street - and how this all may affect the outcome of an historic presidential contest."

 

Washington Post primarily provides a range of educational services for children, students and professionals. It offers test preparation services for college and graduate school entrance exams; continuing education, certification, licensing, exam preparation and professional development to corporations, as well as to individuals seeking to advance their careers in various disciplines; and classroom-based instruction and distance education services.

 

The company also offers online high school instruction, and online content and curriculum development, as well as various pre-university, undergraduate, post-graduate and professional programs.

 

In addition, Washington Post engages in the publication of newspapers in the Washington, D.C., area and Everett; newsprint warehousing and recycling facilities; and electronic media publishing business, primarily washingtonpost.com.

 

Further, it publishes a weekly news magazine, Newsweek, which has one domestic and three English-language international editions, as well as Arthur Frommer's Budget Travel magazine.

 

Additionally, the company engages in television broadcasting through six VHF television stations serving the Detroit, Houston, Miami, San Antonio, Orlando and Jacksonville television markets; and operates cable systems offering basic cable, digital cable, pay television, cable modem, telephony and other services to subscribers in midwestern, western and southern states, as well as engages in commercial printing business.

 

In today's daily chart, WPO's Bollinger Bands indicate greater than normal volatility as reflected by an increase in distance between the upper and lower bands. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price trend. MACD reflects a strong bearish signal, with the indicator below the 9-day moving average signal line, and also below the critical 0 level, indicating that moving averages are trending lower. With share prices currently below the stock's 13-day moving average, the bearish signal is more pronounced with decreasing moving averages.

 

McClatchy Company (MNI: Summary, Messages, Articles) Trade Alert – MNI Renegotiates $1.175 Billion Debt

 

McClatchy Company (MNI: Summary, Messages, Articles) shares closed yesterday at $3.90, down 2.99% from the previous close of $4.02. McClatchy operates as a newspaper company in the United States. As of December 31, 2007, the company owned 30 daily newspapers and approximately 50 non-dailies located in 29 markets.

 

As a move to better manage through this difficult period for newspapers, McClatchy recently renegotiated $1.175 billion of debt, which includes bank loans and available lines of credit. Although the company insisted it was in no danger of default, it needed to amend its debt agreements to alleviate the pressure from falling ad revenues, particularly in its California and Florida markets.

 

Just this year, the company has gone through two major layoff rounds and has frozen wages. Aside from the wider economic pain, the publisher is still trying to deal with the $2 billion in debt left over from its purchase of Knight Ridder two years ago.

 

McClatchy's newspapers include The Miami Herald, The Sacramento Bee, the Fort Worth Star-Telegram, The Kansas City Star, The Charlotte Observer and The (Raleigh) News & Observer.

 

In addition, it has a network of Internet assets, including local Web sites in each of its daily newspaper markets offering users information, news, advertising, e-commerce, and other services.

 

The company also owns and operates McClatchy Interactive, an interactive operation that provides Web sites with content, publishing tools, hosting services, and software development.

 

In addition, it owns 14.4% of CareerBuilder, an online job site; 25.6% of Classified Ventures, a newspaper industry partnership that offers classified Web sites; cars.com, an auto Web site; and apartments.com, a rental site

 

In today's daily chart, MNI's MACD reflects a weak bearish signal, with the indicator above the critical 0 level but crossing below its 9-day moving average signal line, indicating bullish moving averages but slowing positive momentum. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price trend. With share prices currently below the stock's 13-day moving average, the bearish signal is more pronounced with decreasing moving averages.

 

E. W. Scripps Company (SSP: Summary, Messages, Articles) Trade Alert – SSP Joins with Zillow.com in a Real Estate Advertising Network

 

E. W. Scripps Company (SSP: Summary, Messages, Articles) shares closed yesterday at $4.95, up 0.61% from the previous close of $4.92. E. W. Scripps, together with its subsidiaries, operates as a media company that provides content and advertising services via the Internet.

 

The company recently announced it is joining with Zillow.com in a real estate advertising network along with other several media. According to paidContent.org, the deal will allow the real estate listing site and newspapers to sell online advertising on each others’ Web sites, targeting home buyers, real estate agents and others in the real estate market. It will also allow advertisers to negotiate one deal to buy online advertising in different markets

 

E. W. Scripps also announced it will report its third quarter 2008 operating results before New York Stock Exchange trading begins Friday, November 7. A telephone conference call with members of the company's senior management team will follow at 10 a.m. EST.

 

The company's Scripps Networks segment operates national television networks, including HGTV, Food Network, DIY Network, Fine Living and Great American Country. This segment also provides video-on-demand and broadband services.

 

Its Newspapers segment operates daily and community newspapers in the United States. This segment also owns and operates Scripps Media Center, as well as operates Internet sites, offering users information, comprehensive news, advertising, e-commerce and other services.

 

The company's Broadcast Television segment operates ABC-affiliated stations. Its Interactive Media segment offers online comparison shopping services. This segment operates a comparison shopping service that helps consumers find products offered for sale on the Web by online retailers, as well as operates an online comparison service that helps consumers compare prices and purchase various essential home services

 

The Broadcast Television segment also operates the BizRate, a consumer feedback network that collects millions of consumer reviews of stores.

 

In addition, the company engages in the syndication and licensing of news features and comics

 

In today's daily chart, SSP's Bollinger Bands indicate greater than normal volatility as reflected by an increase in distance between the upper and lower bands. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price trend. MACD reflects a strong bearish signal, with the indicator below the 9-day moving average signal line, and also below the critical 0 level, indicating that moving averages are trending lower. With share prices currently below the stock's 13-day moving average, the bearish signal is more pronounced with decreasing moving averages.

We encourage you to invest carefully and read investment information available at the Web sites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.