RESEARCH

Title Date
Alphabet: All the Right Moves Jul 28, 2021
Lumen: Hasta La Vista, Baby... Implications of the Sale of its LatAm Unit Jul 26, 2021
Dish Network: The Worst Case Scenario is Off the Table; Upgrading to Neutral, TP $40 Jul 26, 2021
Snap and Twitter: For Once, Everyone Is a Winner Jul 23, 2021
AT&T Q2 2021 Earnings: Timing is Everything Jul 22, 2021
Crown Castle Q2 2021 Earnings: The Small Cell Dilemma Jul 21, 2021
Netflix: What If Conventional Wisdom Is Wrong? Jul 21, 2021
Verizon Q2 2021 Earnings: Good for Now… But Is It Sustainable? Jul 21, 2021
Interpublic: The Point of Difference Jul 21, 2021
Omnicom: Shedding an ICONic Business Jul 20, 2021
AT&T and Dish: Be Careful What You Wish For Jul 19, 2021
U.S. Towers and U.S. Data Centers: Judging Cross-Sector Valuations and Appeal Jul 16, 2021
Disney: What Happens When One World Opens As Another Slows? Jul 14, 2021
U.S. Cable: After the Gold Rush Jul 13, 2021
U.S. Streaming Media: What Is Your RPU? Jul 8, 2021
Cable Wireless: The Impact on TelCos Jul 6, 2021
Media & Internet Marketing Deck Jun 30, 2021
Netflix: Can Netflix Become Disney Faster than Disney Becomes Netflix? Jun 29, 2021
U.S. Theaters: It’s All About The Windows Jun 25, 2021
Takeaways from Equinix’s 2021 Analyst Day Jun 24, 2021
Ready Player MN: Initiating Coverage of U.S. Video Game Publishers Jun 24, 2021
It’s Time to Take Cable’s Wireless Business Seriously Jun 17, 2021
U.S. Advertising: Did You Hear the One About the Upfront Going Away? Jun 10, 2021
Highlights from REITweek 2021 Management Meetings Jun 10, 2021
Data Centers: What are the Takeaways from Blackstone’s Acquisition of QTS? Jun 7, 2021
Cogent: Is an Inflection on the Horizon? Raise TP to $84, Maintain Buy Rating Jun 7, 2021
U.S. Broadband: The Headwind of Fiber Overbuilds and the Tailwind of Stimulus Jun 3, 2021
Lumen: You Think I Ain’t Worth a Dollar, but I Feel Like a Millionaire... Raising TP to $10, Maintain Sell Rating Jun 1, 2021
Q1 2021 Cord-Cutting Monitor: Meet the New Boss, Same as the Old Boss May 27, 2021
Discovery: Stuck In A Moment; Downgrade to Neutral May 24, 2021
Wireless Q1 2021: AT&T Unchained? May 21, 2021
Discovery: Above the Globe…and Beyond! May 18, 2021
T and DISCA: "News, Sports and Discovery" May 17, 2021
Disney: A Long Time Ago in a Galaxy Far, Far Away May 14, 2021
U.S. Media & Internet: What Happens When the World Reopens? May 11, 2021
Cinemark: Deals in Hand, Problem Solved? May 10, 2021
AMC Networks: Stop Us If You’ve Heard This One Before May 10, 2021
ViacomCBS: The First Step Up The Mountain May 7, 2021
Roku: Selling the Shovels May 7, 2021
Fox: Thursday Night Lite May 6, 2021
Cable One Q1 2021 Earnings: The Margin Story May 6, 2021
Data Center Marketing Deck May 5, 2021
Internet Infrastructure Marketing Deck May 5, 2021
Lumen Q1 2021 Earnings: What Went Wrong, and What Might Go Right May 5, 2021
Towers Marketing Deck May 5, 2021
T-Mobile Q1 2021 Earnings: The Anxious Twilight of LTE May 4, 2021
Frontier: Assigning Buy Rating and Target Price of $31 May 4, 2021
Frontier Q1 2021 Earnings: Welcome Back Apr 30, 2021
Twitter: The Math Doesn't Make Sense? Apr 30, 2021
Charter Q1 2021 Earnings: A Return to First Principles? Apr 30, 2021
Facebook: Do Not Track? Apr 29, 2021
American Tower Q1 2021 Earnings: Chugging Along, with Drivers for the Future Falling into Place Apr 29, 2021
Discovery: Proving the Discovery Difference Apr 29, 2021
Interpublic and WPP: The V-Shaped Agency Recovery Apr 29, 2021
Dish Network Q1’21 Earnings: About that Amazon Deal… Apr 29, 2021
Comcast Q1 2021 Earnings: Let's Get Stimulated! Apr 29, 2021
CoreSite Q1 2021 Earnings: Not Yet Humming Apr 29, 2021
Digital Realty Q1 2021 Earnings: Growth Cross-Currents Apr 29, 2021
Cogent Q1 2021 Earnings: Closer to a Turn? Apr 28, 2021
Alphabet: Two Years + Three Tailwinds = $2,800 PT Apr 28, 2021
Altice USA Q1 2021 Earnings: Price versus Volume Apr 28, 2021
Equinix Q1 2021 Earnings: Slower, but Sustainable? Apr 28, 2021
CyrusOne Q1 2021 Earnings: Is the New Leadership Team Making Progress? Apr 28, 2021
AT&T and Verizon: Holding Pattern? Downgrading Verizon to Neutral Apr 27, 2021
QTS Q1 2021 Earnings: Can QTS Keep It Up? Apr 27, 2021
U.S. Media: The Plot Twists Keep Coming! Upgrading ViacomCBS to Neutral Apr 26, 2021
SBA Q1 2021 Earnings: All Eyes On 2022 Apr 26, 2021
Snap: And It Gets Better From Here Apr 23, 2021
AT&T Q1'21 Earnings: A War on Three Fronts Apr 22, 2021
Netflix: Is Streaming a Good Business? (Part 2) Apr 21, 2021
Omnicom: The First of Many? Apr 21, 2021
Verizon Q1’21 Earnings: Is Good Enough Good Enough? Apr 21, 2021
Crown Castle Q1 2021 Earnings: Moving in the Right Direction Apr 21, 2021
Fox: Why We Remain Bullish Apr 19, 2021
A Semi-Precious Stone in the Rough... Initiating Coverage of Frontier Apr 19, 2021
Altice USA: How Long is ATUS’s Broadband Runway? A Peek through the Lens of Proprietary Market Share Data Apr 16, 2021
U.S. Media: Is Streaming a Good Business? Apr 14, 2021
Dish Network: Revisiting the Logic of a Satellite Merger Apr 13, 2021
U.S. Towers: Revisiting Key Growth Drivers and Reassessing Valuations Apr 12, 2021
Is Starlink a Substitute for, or a Supplement to, Wired Broadband? Apr 5, 2021
Telecom and Cable & Satellite Marketing Deck Apr 1, 2021
U.S. Advertising: The Case for Our Wide-Eyed Optimism Mar 31, 2021
Data Centers: What Insights Can ROIC Reveal About Performance and Valuation? Mar 31, 2021
U.S. Media: A Return of the “Haves” and “Have-Nots”; Downgrade VIAC to Sell Mar 25, 2021
U.S. Sports: The NFL Spikes the Ball Mar 19, 2021
U.S. Broadband: Stimulus to the Rescue? Mar 16, 2021
U.S. Wireless: Seven Takeaways from Three Analyst Days Mar 15, 2021
WPP: In the End, It Just Wasn’t That Bad Mar 12, 2021
ViacomCBS: Climbing a Mountain of Worries Mar 11, 2021
Disney: ESPN Lacing Up Their Skates Again – March 11, 2021 Mar 11, 2021
Commercial Wireline Services: Will the Recovery be Good, or Bad, for Incumbents? Mar 9, 2021
Roku: Is It AOL or Is It Netflix? Mar 8, 2021
Wireless Q4 2020: That Which is Unsustainable… Mar 5, 2021
Q4 2020 Cord-Cutting Monitor: Revisiting the Value Chain Mar 2, 2021
AMC Networks: Not The Walking Dead? Mar 1, 2021
Cinemark: Will Share Gains Be Enough? Mar 1, 2021
Twitter: They Are Not Who We Thought They Were Feb 26, 2021
ViacomCBS: Mission Impossible? Feb 25, 2021
American Tower Q4 2020 Earnings: Looking Out Over the Sprint Churn Hump Feb 25, 2021
Cable One Q4 2020 Earnings: The High Price of a High Valuation? Feb 25, 2021
U.S. Telecom: Aftershocks from the C-Band Auction Feb 25, 2021
Cogent Q4 2020 Earnings: Searching for a Bottom Feb 25, 2021
Snap: They Are Who We Thought They Were Feb 24, 2021
Discovery: A New Growth Company? Feb 23, 2021
Dish Network Q4 2020 Earnings: When Will We Learn about Financing? Feb 22, 2021
SBA Q4 2020 Earnings: The Shape of the “U” Feb 22, 2021
Roku: Hunting for Impressions Feb 19, 2021
Omnicom: Easy Comps & Longer Term Challenges Feb 18, 2021
Digital Advertising: Will Apple Be Poisonous? Feb 17, 2021
CyrusOne Q4 2020 Earnings: A Good Q4... Whither 2021? Feb 17, 2021
QTS Q4 2020 Earnings: Blowout* Feb 16, 2021
Disney: Three Different Mice Feb 12, 2021
Digital Realty Q4 2020 Earnings: The Repositioning Shining Through Feb 11, 2021
Interpublic: Rather Be Early (Part 2) Feb 11, 2021
Lumen Q4 2020 Earnings: Focus on Fundamentals Feb 10, 2021
Twitter: Signs of Green Shoots; Upgrade to Neutral Feb 10, 2021
Altice USA Q4 ’20 Earnings: Same Debate, Different Day Feb 10, 2021
Equinix Q4 2020 Earnings: Confidence vs. Caution Feb 10, 2021
Fox: Will Frustration Lead To More Action? Feb 9, 2021
U.S. Media: Will Going OTT Burst The Sports Bubble? Feb 8, 2021
Snap: Doubling Down on Growth Feb 5, 2021
U.S. Media: Should We Worry About Sports Ratings? Feb 4, 2021
T-Mobile Q4 2020 Earnings: Balance Sheet Wars? Feb 4, 2021
CoreSite Q4 2020 Earnings: Slowly Gathering the Necessary Ingredients Feb 4, 2021
Cogent: A Revenant, Not a Dead Man Walking... Upgrade to Buy, Target Price $69 Feb 3, 2021
Alphabet: Disclosing a Much Better Story Feb 3, 2021
High Voltage: Some Thoughts on SBA’s Deal with PG&E Feb 3, 2021
Charter Q4 2020 Earnings: Can Growth be Sustained? Jan 29, 2021
Comcast Q4 2020 Earnings: Flex versus Peacock Jan 28, 2021
Facebook: Exit Velocity Jan 28, 2021
Crown Castle Q4 2020 Earnings: Positioned to Lead in Tower Growth? Jan 27, 2021
AT&T Q4 2020 Earnings: Something's Gotta Give Jan 27, 2021
Discovery+: International Markets Are Complicated, but Represent a Vast Opportunity – January 27, 2021 Jan 27, 2021
Verizon Q4 2020: After the Auction Jan 26, 2021
4Q20 SVOD Tracker: I’ll Be Streaming for Christmas? Jan 22, 2021
Dish Network: The U.S. Auction, and Lessons from Japan Jan 20, 2021
Netflix: The Residue of Design Jan 20, 2021
American Tower: Exploring Europe... What Should We Make of the Telxius Towers Acquisition? Jan 19, 2021
U.S. Media & Internet: Blue Skies for Now; Upgrading Discovery and Snap to Buy Jan 15, 2021
Data Centers: Positioning for 2021 and Beyond Jan 14, 2021
Twitter: The Dark Side of the Trump Bump Jan 11, 2021
The 5G Winner’s Curse (Part II): The Rhyme of History – January 11, 2021 Jan 11, 2021
U.S. Media: Our Virtual Visit to an Altered Universe Jan 5, 2021
The 5G Winner’s Curse? - January 4, 2021 Jan 4, 2021
U.S. Cable & Satellite and Telecom: A Year in Review, and a Year in Preview Dec 21, 2020
Communications Infrastructure: 2020 Review and 2021 Outlook Dec 21, 2020
WPP: Turning It Around? Dec 18, 2020
Broadband 2021: Where Are All the Subs Coming From? Dec 16, 2020
Disney: “If It Was Easy, Everyone Would Do It” Dec 11, 2020
RDOF Auction Results: Money for Nothing? Implications for Lumen, Charter, Satellite, Towers, and Others Dec 8, 2020
The C-Band Auction: And So it Begins… - December 8, 2020 Dec 8, 2020
Disney: Do You Believe in Magic? (Act 2) Dec 7, 2020
AT&T & U.S. Theaters: Suicide Squad? – December 4, 2020 Dec 4, 2020
U.S. Towers: Taking a Fresh Look at 2021 and Beyond Dec 4, 2020
Discovery: Is discovery+ More Like CBS All Access or Disney+? – December 3, 2020 Dec 3, 2020
Wireless Q3 2020: The Spoils of a Three Player Market? Upgrading Verizon to Buy, Raising TP to $66 Dec 2, 2020
U.S. Advertising: That Was Unexpected! Nov 24, 2020
5G Summit: The Road to Revolution - Key Takeaways Nov 23, 2020
U.S. Towers: What Should We Make of Crown Castle’s Deal with Dish Network? Nov 23, 2020
Q3 2020 Cord-Cutting Monitor: Are We Finding a Floor? Nov 19, 2020
Takeaways from REITworld 2020 Management Meetings Nov 19, 2020
U.S. Media: The Day the Windows Broke – An Update – November 17, 2020 Nov 17, 2020
Digital Advertising: It’s Good to Be Small & Medium Nov 16, 2020
Disney: The Disney Rorschach Test Nov 13, 2020
ViacomCBS: Walking the Transformation Tightrope Nov 9, 2020
Roku: Stream On, Dream On Nov 6, 2020
Dish Network Q3 2020 Earnings: What Have We Learned? Nov 6, 2020
Discovery: The Discovery Difference? Nov 6, 2020
Cinemark: Can Dynamic Windowing Be A Good Thing? Nov 6, 2020
T-Mobile Q3 2020 Earnings: From 3G Worst to 5G First Nov 5, 2020
Cogent Q3 2020 Earnings: COVID Winner to COVID Loser to COVID What? Nov 5, 2020
Cable One Q3 2020 Earnings: Twin Pillars Nov 5, 2020
Lumen Q3 2020 Earnings: Hangin’ Tough Nov 4, 2020
Fox: Is the Trump News Network to Blame? Nov 4, 2020
AMC Networks: Needing a Bigger “Life” Boat? Nov 3, 2020
SBA Q3 2020 Earnings: The Last Best Hope Nov 2, 2020
Online Advertising: Easy Money Oct 30, 2020
Charter Q3 2020 Earnings: The Big Pull-Forward? Oct 30, 2020
American Tower Q3 2020 Earnings: End of an Era? Oct 29, 2020
WPP: Does the V Look Like a U for Now? Oct 29, 2020
Comcast Q3 2020 Earnings: Pet Rock Oct 29, 2020
CoreSite Q3 2020 Earnings: A Return to Normalcy Oct 29, 2020
Altice USA Q3 2020 Earnings: The M&A Exit? Oct 29, 2020
Digital Realty Q3 2020 Earnings: Portfolio Evolution Oct 29, 2020
CyrusOne Q3 2020 Earnings: Ride ‘Em On Down Oct 28, 2020
Omnicom: Enough Already, Upgrade to Neutral from Sell Oct 28, 2020
Equinix Q3 2020 Earnings: What is an Unassailable Position Worth? Oct 28, 2020
QTS Q3 2020 Earnings: Conditioning Investors Oct 26, 2020
Interpublic: Rather Be Early Than Late; Upgrade to Buy Oct 22, 2020
AT&T Q3 2020 Earnings: What Did AT&T See? Oct 22, 2020
Netflix: Netflix and Chill Oct 21, 2020
Verizon Q3 2020: The Many Riddles of 5G Oct 21, 2020
Crown Castle Q3 2020 Earnings: Confirming Fears? Oct 21, 2020
Snap: As If 2020 Never Happened Oct 21, 2020
U.S. Media & Internet: Of Tailwinds & Bubbles? Oct 19, 2020
MN 3Q20 SVOD & AVOD Tracker: The Afterglow? Oct 14, 2020
The Incredible Shrinking AT&T... A Sum of the Parts View Oct 13, 2020
U.S. Data Centers: What Risks Should We be Focused On? Oct 13, 2020
5G is Here… Sort of: Takeaways from Apple’s iPhone 12 Launch - October 13, 2020 Oct 13, 2020
Disney: Reorganizing and Accelerating Pivot to Direct-to-Consumer – October 13, 2020 Oct 13, 2020
U.S. Theaters: Unten(et)able? Oct 9, 2020
Spectrum, the Swamp, and Chaos in Washington: Your Tax Dollars at Work - October 7, 2020 Oct 7, 2020
Finally, a Good Valuation Comp for Cogent? Oct 6, 2020
Dish Network: The Wholesale versus Retail Dilemma Oct 1, 2020
Disney: A Lifeboat, But At What Price? Oct 1, 2020
U.S. Digital Advertising: Are Even the Bulls Too Low? Sep 29, 2020
Roku: Is the +20% Move Justified Post the NBCU Deal? Sep 23, 2020
American Tower and T-Mobile: Understanding the MLA, and Trimming Tower Forecasts to Account for It Sep 21, 2020
U.S. Media: Too Much Of A Good Thing? – September 17, 2020 Sep 17, 2020
U.S. Media and Internet: Capital Markets 101? Sep 16, 2020
Verizon Enters (and Tracfone Exits) the Pre-paid Market: Takeaways from Our Conversation with CFO Matt Ellis Sep 14, 2020
Some Thoughts on CenturyLink Rebranding as Lumen Sep 14, 2020
Q2 2020 Broadband: The Footprint Expansion Game Sep 10, 2020
U.S. Media: An NFL Season Like No Other! Sep 10, 2020
U.S. Towers: Returning to Returns... How Do Crown Castle and its Fiber Business Stack Up? Sep 2, 2020
U.S. Advertising: Explaining the Inexplicable Aug 31, 2020
WPP: Time Now to Compare and Contrast Aug 28, 2020
Fox: Is It Time to Sell the Broadcast Assets? Aug 24, 2020
Commercial Wireline Services: Has the Worst Passed, or is This the Calm Before the Storm? Aug 21, 2020
Wireless Q2 2020: Chasing T-Mobile Aug 19, 2020
Cogent: A Disappointing Q2, But Not the End of the Story... Upgrading to Neutral Aug 16, 2020
U.S. Media & Internet: A Tale of Two Tales Aug 13, 2020
Q2 2020 Cord-Cutting Monitor: The Second Cycle Aug 12, 2020
ViacomCBS: Can They Get To The Other Side? Aug 7, 2020
Dish Network Q2 2020 Earnings: How Safe is Dish’s Rural Stronghold? Aug 7, 2020
Roku: Feels Like the First Time Aug 6, 2020
Cogent Q2 2020 Earnings: First Look Post-COVID Aug 6, 2020
T-Mobile Q2 2020 Earnings: Come On In, the Water’s Fine Aug 6, 2020
Cable One Q2 2020 Earnings: Closing the Gap Aug 6, 2020
Disney and Fox: What’s My Narrative? Aug 5, 2020
AMC Networks: Summing Up A Quarter Aug 5, 2020
Discovery: Can the SUV Float? Aug 5, 2020
CenturyLink Q2 2020 Earnings: COVID Cross-Currents Aug 5, 2020
Cinemark: Can PVOD Terms Still Improve? Aug 4, 2020
SBA Q2 2020 Earnings: How Similar to its Peers? Aug 3, 2020
Alphabet and Facebook: Letting the Numbers Do the Talking Jul 31, 2020
Charter Q2 2020 Earnings: De-risking Broadband Jul 31, 2020
Comcast Q2 2020 Earnings: Growth versus Value Jul 30, 2020
Altice USA Q2 2020 Earnings: The “Can It Grow” Debate Jul 30, 2020
American Tower Q2 2020 Earnings: Mid-Year Checkup Jul 30, 2020
CoreSite Q2 2020 Earnings: Mojo on the Horizon? Jul 30, 2020
Digital Realty Q2 2020 Earnings: Strutting its Stuff Jul 30, 2020
Interpublic: Crisis Management Jul 29, 2020
Equinix Q2 2020 Earnings: Powering Ahead Jul 29, 2020
Crown Castle Q2 2020 Earnings: What Happens Next? Jul 29, 2020
CyrusOne Q2 2020 Earnings: Swimming with the Tide? Jul 29, 2020
U.S. Media: The Day the Windows Broke – July 29, 2020 Jul 29, 2020
Omnicom: OMG, OMC Jul 28, 2020
U.S Media & Internet: As Clear As Mud! Jul 28, 2020
QTS Q2 2020 Earnings: So, Just How Good? Jul 27, 2020
Verizon Q2 2020 Earnings: Strategy versus Execution Jul 24, 2020
Twitter: Playing in Traffic Jul 23, 2020
AT&T Q2 2020 Earnings: Fewer Degrees of Freedom Jul 23, 2020
Snap: The Data Doesn't Fit the Narrative Jul 22, 2020
U.S. Data Centers: Is Past Prologue? A Close Look at AFFO per Share Trends Jul 21, 2020
Green Lights and Yellow Flags: Initiating Coverage of Roku at Neutral Jul 20, 2020
Netflix: Pull Forward & Wait Jul 17, 2020
The Fallacy of Marginal Cost Advantage: Part II - July 15, 2020 Jul 15, 2020
MN Quarterly SVOD Tracker: From War to Peace? Jul 14, 2020
U.S. Media: Say Goodbye to Those Empty vMVPD Calories Jul 13, 2020
Charter Enters the Rural Subsidies Game… Winners and Losers - July 13, 2020 Jul 13, 2020
Some Thoughts on Crown Castle’s Fiber Segment Jul 7, 2020
Cable and the Democrats: What Are We Afraid Of? - July 7, 2020 Jul 7, 2020
The Fallacy of Marginal Cost Advantage - July 1, 2020 Jul 1, 2020
Comcast: Sky Diving Jun 29, 2020
Cogent: Still a Sell? Jun 26, 2020
U.S. Media: The Thrill of Victory or The Agony of Defeat? – June 26, 2020 Jun 26, 2020
U.S. Media: 2Q U.S. Ad Trends Not As Bad As Feared Jun 18, 2020
U.S. Towers: The Most Important Risks Jun 15, 2020
Dish Network and T-Mobile: What Is Charlie Up To? - June 15, 2020 Jun 15, 2020
U.S. Media: TV Ratings – Back Down to Earth? – June 12, 2020 Jun 12, 2020
U.S. Video Consumer Spend: The Great Deflation Debate Jun 11, 2020
Wireless Q1 2020: Can We Avoid Another Price War? Jun 8, 2020
Cinemark: Doing What They Can Jun 4, 2020
Takeaways from REITweek 2020 Management Meetings Jun 4, 2020
Starry: 5G Fixed Wireless Broadband in the Age of Coronavirus – June 2, 2020 Jun 2, 2020
U.S. Media: Broken Windows & Empty Seats: The Future of the Film Industry? Jun 1, 2020
CenturyLink: The Risks of Even a Brief Recession... Lowering TP to $7, Maintain Sell May 28, 2020
Broadband Q1 2020: Broadband in the Era of COVID-19; A Proprietary Peek at Market Share Trend Data May 27, 2020
U.S. Advertising: The Shape of Recovery May 26, 2020
Cable One Q1 2020 Earnings: Still Searching for Theories May 11, 2020
ViacomCBS: Pull in the Reins May 8, 2020
Q1 2020 Cord-Cutting Monitor: Pay TV Catches COVID May 8, 2020
Cogent Q1 2020 Earnings: Backdoor Netflix? May 7, 2020
Dish Network Q1 2020 Earnings: An Inconvenient Truth May 7, 2020
Fox and Discovery: Can Opposites Be Attractive? May 7, 2020
Digital Realty Q1 2020 Earnings: The New Digital Realty May 7, 2020
T-Mobile Q1 2020 Earnings: UFO or Murder Hornet? May 6, 2020
Equinix Q1 2020 Earnings: Positioned for the Crisis and Beyond May 6, 2020
AMC Networks: Our Song Remains The Same May 6, 2020
Disney: Fast-Forward to FY2022 May 6, 2020
CenturyLink Q1 2020 Earnings: How Cyclical? May 6, 2020
SBA Q1 2020 Earnings: WACC vs. Growth May 5, 2020
Disney: A Long and Winding Road; Downgrade to Neutral May 4, 2020
Charter Q1 2020 Earnings: Asymptomatic… or Better? May 1, 2020
CenturyLink: Revising Model to Account for Change in USF Accounting and Customer Assignments May 1, 2020
WPP: What is “Normal”? Apr 30, 2020
CoreSite Q1 2020 Earnings: Weathering the Storm Apr 30, 2020
Twitter: Really? Apr 30, 2020
Altice USA Q1 2020 Earnings: Epicentricity Apr 30, 2020
Facebook: More of the Same Apr 30, 2020
Comcast Q1 2020 Earnings: Winners, Losers, and Comcast Apr 30, 2020
American Tower Q1 2020 Earnings: Mostly Quarantined Apr 29, 2020
Crown Castle Q1 2020 Earnings: Holding the Line Apr 29, 2020
CyrusOne Q1 2020 Earnings: A Texas Twang Mixed with a European Accent Apr 29, 2020
Alphabet: Curb Your Enthusiasm? Apr 29, 2020
Omnicom: Waiting for the Smoke to Clear (Version 2) Apr 28, 2020
U.S. Media: What Are We Watching Now? – April 28, 2020 Apr 28, 2020
QTS Q1 2020 Earnings: Vaccinated Apr 27, 2020
Verizon Q1 2020 Earnings: The "V" in MANCAVE Apr 24, 2020
U.S. Media: Say Goodbye to Hollywood Apr 24, 2020
Interpublic: Waiting for the Smoke to Clear Apr 22, 2020
Snap: The Shape of Things To Come? Apr 22, 2020
Netflix: The Perfect Storm Redux Apr 22, 2020
AT&T Q1 2020 Earnings: Testing, Testing, Testing Apr 22, 2020
Ad Agencies: Prepare Yourself. This Will Be Bumpy. Apr 21, 2020
U.S. Data Centers: Interpreting Current Valuations, and Implications of the Pandemic Apr 20, 2020
Comcast: The Trouble With Complicated Stories Apr 20, 2020
MN Quarterly SVOD Tracker: The Perfect Storm Apr 17, 2020
Online Advertising: It’s All Relative Now! Apr 16, 2020
Dish Network: Petri Dish… Cutting TP to $15 Apr 14, 2020
Charter (CHTR): It’s Good to Be Cable; Our COVID-19 Recession Model Apr 9, 2020
U.S. Towers: Recalibrating Multiples and Forecasts... Upgrade SBAC to Buy, Maintain AMT and CCI at Neutral Apr 7, 2020
U.S. Sports: The Cost of Everything and the Value of… Everything Apr 6, 2020
AT&T: How Safe is the Dividend? Apr 3, 2020
Sprint: Discontinuing Coverage Apr 2, 2020
U.S. Media: How Deep? How Long? Apr 1, 2020
ViacomCBS: Maybe It’s Time to Let the Old Ways Die? Mar 27, 2020
Commercial Wireline Services: Staring into the Abyss Mar 25, 2020
Twitter: The First of Many Mar 24, 2020
Disney: Sizing the Disney+ International Opportunity Mar 24, 2020
New T-Mobile: First Among Equals? Our Pro Forma Model for the Age of Coronavirus and Recession Mar 23, 2020
Cinemark: Swimming Naked? Mar 20, 2020
Telecom, Cable, & Satellite: A COVID-19 Scorecard Mar 19, 2020
Disney: From Great to Good to Bad to Ugly Mar 17, 2020
SpaceX/Starlink and RDOF: A Match Made in the Heavens? Mar 13, 2020
U.S. Media & Internet: Assessing the Recession Risk Mar 12, 2020
U.S. Media: The NBA Calls Time Out Mar 12, 2020
Zayo: Dropping Coverage Mar 9, 2020
Wireless Q4 2019: The New T-Mobile, the State of the Industry, and the 5G “White Space” Mar 9, 2020
U.S. Theaters: Answering Some Outstanding Coronavirus Questions – March 6, 2020 Mar 6, 2020
U.S. Media: Watching the Slow Death of Linear TV… Live (2019 Edition) Mar 3, 2020
Coronavirus, Bernie Sanders, and the Curious Case of Clarence Thomas Mar 3, 2020
Broadband Q4 2019: A Deep Dive into Alternative Fixed Wireless Broadband Architectures Mar 2, 2020
Crown Castle: How Does Its New Accounting Work, and What Does It Mean? Mar 2, 2020
WPP: WTF WPP? Mar 2, 2020
Discovery: The Start of the Second Act? Feb 28, 2020
Cogent Q4 2019 Earnings: Past the Growth Bottom? Feb 27, 2020
AMC Networks: Where Are We Headed? Feb 27, 2020
Cable One Q4 2019 Earnings: How to Explain the Inexplicable? Feb 27, 2020
Crown Castle Q4 2019 Earnings: Silly Accountants... Feb 26, 2020
American Tower Q4 2019 Earnings: Two Key Topics Feb 25, 2020
Cinemark: What Is Now Priced In? Feb 24, 2020
Will the Rollback of Section 230 Kill Ad-Supported Internet Stocks? – February 24, 2020 Feb 24, 2020
ViacomCBS: A House Built On Sand? Feb 21, 2020
SBA Q4 2019 Earnings: A Look at the New Tower Leasing Landscape Feb 20, 2020
Q4 2019 Cord-Cutting Monitor: The Great Unwind Feb 19, 2020
CyrusOne Q4 2019 Earnings: M&A Whiplash Feb 19, 2020
Dish Q4 2019 Earnings: Now Comes the Hard Part Feb 19, 2020
CenturyLink: Aligning Our Rating with the Fundamentals... Downgrade to Sell, TP $10 Feb 18, 2020
Netflix: Conquering the World, But At What Cost? Feb 18, 2020
QTS Q4 2019 Earnings: Both Sides of the Coin Feb 18, 2020
Digital Realty Q4 2019 Earnings: Slimming Down and Bulking Up Feb 13, 2020
CenturyLink Q4 2019 Earnings: Better Off Waiting? Feb 12, 2020
Equinix Q4 2019 Earnings: PMs vs. Analysts Feb 12, 2020
Altice USA Q4 2019 Earnings: Altice’s Wireless Strategy Just Got a Lot More Interesting Feb 12, 2020
Interpublic: Safety in Numbers? Feb 12, 2020
Omnicom: Same As It Ever Was Feb 11, 2020
T-Mobile and Sprint: And Then There Were Three… or Four. What the Deal Means for T-Mobile, Dish Network, Verizon and AT&T, the Towers, and Cable Feb 11, 2020
CoreSite Q4 2019 Earnings: Is the Turn Finally Coming? Feb 6, 2020
Fox: The Page Has Been Turned Feb 6, 2020
T-Mobile Q4 2019 Earnings: Heads-I-Win/Tails-I-Win, Redux Feb 6, 2020
Twitter: Numbers Get Cut As Stock Races Up! Feb 6, 2020
Disney: The Disney Difference Feb 5, 2020
Snap: Closing the Monetization Gap Feb 5, 2020
Alphabet: To Be Real Feb 4, 2020
Comcast: Less than Zero? Upgrading To Buy Feb 4, 2020
Zayo: Q2 F2020 Earnings: Good Night, and Good Luck Feb 4, 2020
U.S. Media: Get Those Lifeboats Ready Feb 3, 2020
Charter Q4 2019 Earnings: Wireless Manifest Destiny Jan 31, 2020
Facebook: The Long & Winding Road Up and to the Right Jan 30, 2020
Verizon Q4 2019 Earnings: Bucking Some Trends… Getting Bucked by Others Jan 30, 2020
Cogent: What a Difference Six Weeks Makes… Downgrading to Sell, TP $56 Jan 30, 2020
Sprint CQ4 2019 Earnings: What’s Left to Say? Jan 27, 2020
AT&T Q4 2019 Earnings: Two Clocks Jan 27, 2020
Comcast Q4 2019 Earnings: Proud as a Peacock Jan 23, 2020
CenturyLink: Understanding the Pros and Cons of RDOF… Mostly Cons but With a Nice $500M Win Jan 23, 2020
U.S. Towers: The Case for Crown Castle? Jan 21, 2020
MN Quarterly SVOD Tracker: The First Battle Jan 17, 2020
AT&T: How Bad Could It Get for WarnerMedia? Jan 16, 2020
U.S. Media: 20-20 Vision, This Time is Different Jan 15, 2020
ViacomCBS: Stuck In The Middle? Initiate at Neutral Jan 15, 2020
Altice USA: Is Altice USA Still a Buy? Jan 7, 2020
Communications Infrastructure: 2019 Review and 2020 Outlook - December 20, 2019 Dec 20, 2019
Cable & Satellite and Telecom: A Year in Review, and a Year in Preview - December 20, 2019 Dec 20, 2019
U.S. Media: Life During Wartime Dec 19, 2019
Broadband Q3 2019: Revisiting Competitive Dynamics Dec 16, 2019
Cogent: What Should We Make of This Extremophile? Dec 16, 2019
U.S. Advertising: Past the Tipping Point Dec 13, 2019
Data Centers: 2020 Outlooks and the Search for Edge Dec 9, 2019
Wireless Q3 2019: Cable Starts to Matter Dec 4, 2019
U.S. Pay TV and U.S. Media: Cord-Cutting Summit 2019 Takeaways Dec 2, 2019
CenturyLink: Definitely Maybe Nov 25, 2019
Online Advertising: Screw DAUs, Follow the Money Nov 25, 2019
AT&T: What Do You Have to Believe? Downgrading to Sell, Target Price $30 Nov 19, 2019
U.S. Media: Are Studios Going To Buy Exhibitors? Looking To Clarify Some Misconceptions Around Paramount Decrees Termination – November 19, 2019 Nov 19, 2019
Lessons from the C-Band: The C is for “Caveat Emptor” - November 19, 2019 Nov 19, 2019
HBO Max: The Big Bang or “A Show About Nothing”? Nov 18, 2019
Viacom: Less Drama, More Answers Nov 15, 2019
Q3 2019 Cord-Cutting Monitor: Live Is Dead Nov 13, 2019
CBS: The Good Fight Nov 13, 2019
FB, PYPL, Square: Facebook Pay – Good for Facebook, Good and Could Be Better for PayPal, Non-Event for Square Nov 13, 2019
Disney: It Just Doesn't Matter Nov 8, 2019
Dish Q3 2019 Earnings: The Pay TV Rorschach Test Nov 7, 2019
Discovery: Moving On To What Comes Next Nov 7, 2019
Fox: Please Keep Turning the Page Nov 7, 2019
Cogent Q3 2019 Earnings: Revenue vs. Margins Nov 7, 2019
Cable One Q3 2019 Earnings: What's Embedded in CABO's 16x (16x!) EBITDA Multiple? Nov 7, 2019
Cinemark: Is It Time to Worry About Streaming Yet? Nov 6, 2019
CenturyLink Q3 2019 Earnings: Upside Surprise? Nov 6, 2019
Zayo Q1 F2020 Earnings: A Walk Down Memory Lane Nov 6, 2019
Altice USA Q3 2019 Earnings: What Could Derail the Rally? Could This? Nov 5, 2019
CenturyLink: Watch for These Two Items in Q3 2019 Earnings Nov 4, 2019
QTS Q3 2019 Earnings: Mr. Consistent Nov 4, 2019
Sprint CQ3 2019 Earnings: The SoftBank Problem Nov 4, 2019
AMCX: No Man’s Land (Redux) Nov 1, 2019
Giving Apple Some Credit: The Apple Card, and What It Means for Verizon and AT&T - November 1, 2019 Nov 1, 2019
American Tower Q3 2019 Earnings: Reading the Tea Leaves Oct 31, 2019
CoreSite Q3 2019 Earnings: Like it Never Even Happened Oct 31, 2019
Facebook: Is it $10 for ’20? Oct 31, 2019
U.S. Media: What’s Even Worse Than “Freaking Ugly”? Oct 30, 2019
CyrusOne Q3 2019 Earnings: One Year Later Oct 30, 2019
Equinix Q3 2019 Earnings: Valuation and Operations Oct 30, 2019
Alphabet: Hello World Oct 29, 2019
Digital Realty Q3 2019 Earnings: Doubling Down on Europe by Acquiring Interxion Oct 29, 2019
SBA Q3 2019 Earnings: Tower Preppers Oct 28, 2019
T-Mobile Q3 2019 Earnings: The Very Real Cost of Waiting... And Waiting... And Waiting Oct 28, 2019
WPP: Better Than Zero Oct 28, 2019
AT&T Q3 2019 Earnings: Hope Is Not a Strategy Oct 28, 2019
Charter Q3 2019 Earnings: Is Charter’s New Pricing a One-Timer, or a Sign of a Change in Strategy? Oct 25, 2019
Verizon Q3 2019 Earnings: Is This as Good as It Gets? Oct 25, 2019
Twitter: A Vote of No Confidence; Maintain Sell, new PT Oct 24, 2019
Comcast Q3 2019 Earnings: A Divergence of Fortunes Oct 24, 2019
Interpublic: Managing Through the Losses? Oct 23, 2019
Disney: Why So Complicated – Part II Oct 23, 2019
Snap: The Shock Factor is Wearing Off Oct 23, 2019
Online Advertising: Like a Knife Through Butter Oct 21, 2019
ViacomCBS: Can’t Believe the S-4 Oct 18, 2019
Netflix: Look Down, Look Down Oct 17, 2019
Crown Castle: Dimensioning a Possible Restatement Oct 17, 2019
U.S. Wireless: The 5G Elephant in the Room Oct 17, 2019
Crown Castle Q3 2019 Earnings: Did We Already Get Guidance? Oct 16, 2019
Omnicom: Winning Is Everything? Oct 16, 2019
Data Centers: Love Is in the Air… Musings on M&A Oct 15, 2019
MN Quarterly SVOD Tracker: The Calm Before the Storm Oct 14, 2019
Advertising Agencies: Mind the Gap...Part II Oct 11, 2019
NFL Ratings: A Fan Favorite - October 10, 2019 Oct 10, 2019
FOXA: Please Turn the Page Oct 7, 2019
Musings About Cable and Telecom Under an Elizabeth Warren Presidency - October 7, 2019 Oct 7, 2019
Towers ROIC: Scouring the Globe for Insights and Opportunities Oct 3, 2019
U.S. Cable: It’s Time to Factor in Higher Margins; Raising Estimates and TPs for CHTR, ATUS, CMCSA, and CABO Oct 2, 2019
Snap: Can Lightning Strike Twice? Part II, It's Complicated. Oct 2, 2019
The Libra Litmus Test – Can Facebook Keep Visa, Mastercard, and PayPal on Board? - October 2, 2019 Oct 2, 2019
Snap: Can Lightning Strike Twice? Oct 1, 2019
Dish Network: Revisiting the Short (or Long?) Thesis Sep 27, 2019
Sports in the U.S.: Where Will This Obsession Lead Us? Sep 23, 2019
U.S. Media: The Paradox of Agencies and Advertising Sep 17, 2019
Wireless Q2 2019: TINA Loves Telecom. So Does Elliott. Sep 10, 2019
ViacomCBS: The Hate You Give Sep 9, 2019
U.S. Media: Ready or Not, Here Comes the NFL! Sep 5, 2019
Internet Infrastructure: Hard Knock Life… What Can ROIC Teach Us About Value Creation in Tough Times? Sep 4, 2019
U.S. Advertising: Same Question, Same Answer Sep 3, 2019
Broadband: The Growth Rate Just Accelerated… Sort of Sep 3, 2019
Zayo Q4 F2019 Earnings: What’s the Read Across? Aug 21, 2019
The Incongruous Apple Card - most concerning to PayPal, Square, and...AT&T/Verizon? Aug 21, 2019
Alphabet: What Lies Beneath the Clouds Aug 19, 2019
Q2 2019 Cord-Cutting Monitor: The Case for Things Getting Better (Yes, Better) from Here Aug 15, 2019
CBS & Viacom: Didn’t See That Coming! Aug 14, 2019
July C3 Ratings – Another Slow Summer Aug 13, 2019
WPP: One Step at a Time Aug 12, 2019
CBS & Viacom: The Last Waltz Aug 9, 2019
Fox: Here's to the First of Many Aug 8, 2019
Cogent Q2 2019 Earnings: Widows and Orphans Aug 8, 2019
Disney: Channeling Our Inner Avril Lavigne Aug 7, 2019
Cable One Q2 2019 Earnings: 50% Margins Are Beginning to Look More Like a Floor than a Ceiling Aug 7, 2019
CenturyLink Q2 2019 Earnings: The Storm Before the Calm? Aug 7, 2019
Discovery: Two Years Later Aug 6, 2019
Cinemark: Got To Give Credit Where It’s Due Aug 2, 2019
Sprint Q2 2019 Earnings: What the State AGs See Aug 2, 2019
Verizon Q2 2019 Earnings: What’s Left of the Bull Case? Aug 1, 2019
American Tower Q2 2019 Earnings: Can Anything Stop American Tower? Jul 31, 2019
Altice USA Q2 2019 Earnings: The Margin Story Keeps Getting Better and Better Jul 31, 2019
AMCX: No Man’s Land, Tough Trends in the Price Jul 31, 2019
Equinix Q2 2019 Earnings: A Different List of Items to Focus On Than Others Jul 31, 2019
CyrusOne Q2 2019 Earnings: Siamese Dream Jul 31, 2019
Digital Realty Q2 2019 Earnings: Home and Abroad, Puts and Takes Jul 30, 2019
SBA Q2 2019 Earnings: Will They or Won’t They? Jul 29, 2019
QTS Q2 2019 Earnings: Marching to the Beat of a Different Drummer? Jul 29, 2019
Twitter: Same Growth, Twice the Price Jul 29, 2019
U.S. Media: Man the Lifeboats Jul 29, 2019
Dish Network Q2 ’19 Earnings: Has the Satellite Business Finally Found a Bottom? And Would Anyone Care? Jul 29, 2019
Charter Q2 2019 Earnings: The Trouble with Simple Stories Jul 26, 2019
Alphabet: Winning by TKO Jul 26, 2019
Sprint/T-Mobile/Dish: The Deal Is Done! (Just Kidding… No It Isn’t) - July 26, 2019 Jul 26, 2019
Facebook: What a Difference a Year Makes Jul 25, 2019
T-Mobile Q2 2019 Earnings: Wait, What? Earnings? Jul 25, 2019
Winners and Losers in the T-Mobile/Sprint/Dish Deal: A Summary. Downgrading DISH to Sell; Target Price $30 Jul 25, 2019
Comcast Q2 2019 Earnings: On the One Hand… On the Other Hand Jul 25, 2019
Snap: Living Up to the Hype Jul 24, 2019
AT&T Q2 2019 Earnings: The Uneasy Equilibrium Jul 24, 2019
Interpublic: Gearing Up For 2020? Jul 24, 2019
CoreSite Q2 2019 Earnings: The Light at the End of the Tunnel? Jul 24, 2019
Data Centers: Implications of the Hyperscale Leasing Slowdown and a Close Look at Valuation Jul 22, 2019
Online Advertising: Bringing the Heat Jul 22, 2019
T-Mobile: Is “Standalone TMUS” Now the Best Case Scenario? Jul 19, 2019
Omnicom: Are They Verizon and Everyone Else AT&T? Jul 18, 2019
Netflix: Doubters of the World Unite! Jul 18, 2019
Crown Castle Q2 2019 Earnings: A Messy Beat and Raise Jul 17, 2019
CBS & Viacom: How's Your Summer Going? Jul 16, 2019
FB, V, MA, PYPL: Libra, Libra, Libra – Answers to Your Top 25 FAQs Jul 16, 2019
Advertising Agencies: Putting a Price on Data Jul 15, 2019
MN Quarterly SVOD Tracker: Is It Too Late? Jul 15, 2019
Disney: Circle Of Life Jul 9, 2019
U.S. Cable: Could Video Subscriber Losses Eventually Push Cable Margins Up to 50%? Jul 9, 2019
U.S. Towers: Valuation Ruminations… Increasing Target Prices, But Downgrading SBA to Neutral Jul 8, 2019
Snap: As Smooth as a Baby’s Face? Jul 1, 2019
U.S. Telecommunications: Does 5G Put Verizon’s “Nation’s Best Network” Positioning at Risk? Jun 27, 2019
Alphabet: On Shakier Ground? Jun 24, 2019
Netflix: The Great International RPU Debate Jun 20, 2019
FB, V, MA, PYPL: Libra Unveiled – Big Day for Crypto, Nice-To-Have for FB, Important Experiment for Payments Jun 19, 2019
Sprint and T-Mobile: Crazy Town Part II - June 15, 2019 Jun 15, 2019
Twitter: A Problem of Its Own Making Jun 13, 2019
CenturyLink: Ignore the Shiny New Objects Jun 12, 2019
Facebook: Friending Facebook Again, Upgrade to Buy Jun 11, 2019
U.S. Advertising: The One Exception? Jun 6, 2019
U.S. Broadband: Where Are AT&T Fiber’s Subscriber Gains Coming From? Jun 4, 2019
Fox: Fox Goes to Hollywood Jun 4, 2019
U.S. Antitrust Update: Here Come The Feds – June 3, 2019 Jun 3, 2019
Sprint and T-Mobile: Welcome to Crazy Town - May 31, 2019 May 31, 2019
U.S. Media: To Each Their Own? May 30, 2019
WarnerMedia: Raising the Curtain on Their DTC Plans May 29, 2019
Sprint & T-Mobile: The Long and Winding Road - May 21, 2019 May 21, 2019
Viacom: Read the Fine Print May 13, 2019
Social Media Focus Group: SNAP Can’t Grow Up! May 13, 2019
FB, V, MA, PYPL: Facebook’s Cryptocurrency Project Libra – How it Could Matter May 10, 2019
Disney: A Changing Narrative May 9, 2019
Cable One Q1 2019 Earnings: How Much Runway Is Left? May 9, 2019
Zayo Q3 F2019 Earnings: Finding Mr. Right May 8, 2019
CenturyLink Q1 2019 Earnings: Enough to Offset the Top Line? May 8, 2019
Social Media Survey: What Are Users Saying? May 8, 2019
Q1 2019 Cord-Cutting Monitor: About that Lifeboat… May 7, 2019
Cinemark: What Will Disney Do With Its Box Office Clout? May 7, 2019
Sprint CQ1 2019 Earnings: What’s the Backup Plan? May 7, 2019
CBS: New CEO…New Disclosure? May 3, 2019
American Tower Q1 2019 Earnings: Solid Results, But Will the Halo Effect Persist? May 3, 2019
Dish Network Q1’19 Earnings: The Outlook is Brightening for Mid-Band… but the Road Ahead Remains Long May 3, 2019
Discovery: A Year Later May 2, 2019
Altice USA Q1 2019 Earnings: Still More Room to Run? May 2, 2019
Cogent Q1 2019 Earnings: Assessing All-Time Highs May 2, 2019
Equinix Q1 2019 Earnings: Is Being Different Enough? May 1, 2019
AMC Networks: How Much Longer Does This Balancing Act Last? May 1, 2019
CyrusOne Q1 2019 Earnings: Managing Through Feast and Famine May 1, 2019
Alphabet: Deceleration Detective Service Apr 30, 2019
Charter Q1 2019 Earnings: Margins are the Next Leg of the Story Apr 30, 2019
QTS Q1 2019 Earnings: Thinking About Returns Apr 30, 2019
SBA Q1 2019 Earnings: Contemplating What Happens if the Deal is No More Apr 29, 2019
U.S. Media: Let The Good Times Stream? Apr 29, 2019
WPP and Interpublic: Yin and Yang Apr 29, 2019
Fox - In Case You Missed It... Apr 26, 2019
Digital Realty Q1 2019 Earnings: Searching for Clues Apr 25, 2019
Facebook: Checking Off The Concerns Apr 25, 2019
T-Mobile Q1 2019 Earnings: Can the Merger be Saved? Apr 25, 2019
Comcast Q1 2019 Earnings: Life after Disney Apr 25, 2019
Twitter: “So we've got lots of game(s) left to play” Apr 24, 2019
CoreSite Q1 2019 Earnings: Can It Stay at the Top of the ROIC Class? Apr 24, 2019
Snap: A Cinderella Story Apr 24, 2019
AT&T Q1 2019 Earnings: Searching for a Unifying Theory Apr 24, 2019
Verizon Q1 2019 Earnings: Has Verizon Bet on the Wrong (Spectrum) Horse? Apr 23, 2019
Online Advertising: In Search Of A Second Or Third Act? Apr 22, 2019
Google Cloud Next 2019: Key Takeaways – April 18, 2019 Apr 18, 2019
Netflix: How Disney’s Entry Impacts the SVOD Market? Apr 17, 2019
Crown Castle Q1 2019 Earnings: Valuation Triangulation Apr 17, 2019
Omnicom: Better Value Elsewhere Apr 17, 2019
Disney: Worth the Wait Apr 12, 2019
U.S. Cable and U.S. Wireless: Convergence End-Games - April 11, 2019 Apr 11, 2019
Disney: Getting Closer to Breaking Through Apr 9, 2019
Data Centers: Which Operators are Converting Growth into Value? Examining ROIC and Property-Level Yields Apr 8, 2019
Netflix Survey: The Walmart of SVOD for a Reason Apr 8, 2019
U.S. Advertising: A False Dichotomy? Apr 5, 2019
Film Studios: Having Their Cake And Eating It Too? Apr 4, 2019
U.S. Cable: What Would Happen in a Recession? Apr 3, 2019
U.S. Media: The Value of Libraries, or in Other Words, What Ted Sarandos Knew Apr 2, 2019
T-Mobile and Sprint: Time to Lower the Odds - April 2, 2019 Apr 2, 2019
U.S. Communications Infrastructure, Telecom, & Cable: Add Macro and Margins to the List of Worries Mar 25, 2019
Viacom: Been Here Before Mar 25, 2019
Fixed Wireless Broadband: A Peek Behind the Curtain of Verizon’s 5G Rollout Mar 20, 2019
Fox: Key Takeaways from the 10-Q and Day 1 Trading Mar 19, 2019
The Small Cell Report (Part III): Taking a Look Under the Hood Mar 18, 2019
Online Regulatory Outlook: The Unlikeliest Of Bedfellows Mar 18, 2019
New Fox Initiation: Clever As a Fox, Buy, Price Target $51 Mar 15, 2019
Video Cord-Cutting: Standing at the Crossroads (and I Believe I’m Sinkin’ Down) Mar 13, 2019
Alphabet: Money for Nothing? A Dive Into CAPEX Trends Mar 7, 2019
Broadband Q4 2018: Broadband Growth Bounces Back… with Thanks to New Household Formation Mar 6, 2019
U.S. Media & Internet: Now Everyone Is A Winner? Mar 4, 2019
Zayo: Plan A, Version 2.0… A Closer Look at zColo Mar 4, 2019
WPP: WPP Giveth, Competition Taketh Mar 4, 2019
AT&T and Time Warner: Strategy (and Debt) versus Culture - March 4, 2019 Mar 4, 2019
AMC Networks: Not Walking Dead Yet Mar 1, 2019
American Tower Q4 2018 Earnings: Can AMT Repeat? Feb 27, 2019
Cable One Q4 2018 Earnings: What are the Right Metrics for a Post-Video Cable MSO? Feb 27, 2019
Discovery: Talking Less, Doing More Feb 26, 2019
U.S. Telecommunications: The Mystery Deepens Feb 26, 2019
QTS Q4 2018 Earnings: Risk Reallocation Feb 25, 2019
Q4 2018 Cord-Cutting Monitor: Is It Time to Panic Yet? Feb 22, 2019
Cinemark: Looking Beyond The Volatility Feb 22, 2019
Cogent Q4 2018 Earnings: Mulling Over Margins Feb 21, 2019
U.S. Media: Watching the Slow Death of Linear TV…Live Feb 21, 2019
Altice USA Q4 2018 Earnings: Showing Up Feb 21, 2019
SBA Q4 2018 Earnings: Let the Good Times Roll Feb 21, 2019
CyrusOne Q4 2018 Earnings: Fueling Fears? Feb 20, 2019
Facebook: How’d They Do That? Feb 19, 2019
CenturyLink: Don't Fear the Reaper... Upgrading to Neutral, Lowering TP to $12 Feb 19, 2019
CBS: Joining the Arms Race Feb 15, 2019
Interpublic: Winning The Zero Sum Game in 2018 Feb 14, 2019
Omnicom: The Calm Before The Storm? Feb 13, 2019
Dish Q4 2018 Earnings: Snakes or Alligators? Feb 13, 2019
CenturyLink Q4 2018 Earnings: Are Low Expectations the Key to Happiness? Feb 13, 2019
Equinix Q4 2018 Earnings: Steady as She Goes Feb 13, 2019
U.S. Media – Weekly Ratings: 2/4-2/10 Feb 12, 2019
January C3 Ratings – Weak Start to the New Year Feb 11, 2019
Twitter: Breaking Out The Checkbook Feb 8, 2019
Zayo Q2 F2019 Earnings: Under the Gun Feb 7, 2019
T-Mobile Q4 2018 Earnings: Time to Consider Plan B? Feb 7, 2019
Disney: Do The Right Thing Feb 6, 2019
21 Century Fox: A Step Closer To Breaking Out Feb 6, 2019
CoreSite Q4 2018 Earnings: What Happens on the Other Side of the Hump? Feb 6, 2019
Snap: A CFO’s Parting Gift Feb 6, 2019
Alphabet: Playing To Script Feb 5, 2019
Viacom: Two Questions, Please Feb 5, 2019
Digital Realty Q4 2018 Earnings: What’s the Disconnect? Feb 5, 2019
Charter Q4 2018 Earnings: Good Things Come to Those Who Wait Jan 31, 2019
Sprint CQ4 2018 Earnings: Do Politics Matter? Jan 31, 2019
Facebook: Coal, More Like Gold Jan 31, 2019
AT&T Q4 2018 Earnings: Is Achieving “Flat EBITDA” in the Entertainment Group Enough? Jan 30, 2019
U.S. Media – AT&T’s 4Q Media Read Through… So Much For Stability! Jan 30, 2019
Online Advertising: A Lump of Coal for Christmas? Jan 29, 2019
Verizon Q4 2018 Earnings: Is It Enough to Just NOT Be AT&T? Jan 29, 2019
U.S. Media: Key Takeaways from NATPE 2019 Jan 28, 2019
Some Thoughts on Recent Zayo Take-Out Reports - January 27, 2019 Jan 27, 2019
U.S. Media: Will The Current Stability Last? Jan 25, 2019
Crown Castle Q4 2018 Earnings: Recession Resistant? Jan 23, 2019
Comcast Q4 2018 Earnings: The Bull Bear Debate Jan 23, 2019
Netflix: UNCH Jan 18, 2019
Telecom and Cable Capital Spending Outlook, 2019 Jan 18, 2019
CBS & VIAB: What's the Downside? Upgrade CBS to Buy Jan 17, 2019
Snap: Flanked On All Sides Jan 16, 2019
Comcast Finally Goes OTT… Sort Of - January 15, 2019 Jan 15, 2019
Disney: How Does Disney “Work” in 2019? Jan 14, 2019
Advertising Agencies: Mind The Gap Jan 10, 2019
New Fox: Ask Enough and You Shall Receive Jan 9, 2019
Data Centers: Judging Upcoming Lease Accounting Changes and Digital Realty’s Initial 2019 Guidance - January 9, 2019 Jan 9, 2019
Broadband Outlook 2019: The Least Appreciated, but Most Important, Variable Jan 8, 2019
U.S. Advertising: When Is It Time To Worry? Jan 7, 2019
Dish Network: Downside Scenarios Are Finally Priced into the Stock… Upgrading from Sell to Neutral Jan 3, 2019
U.S. Telecom: A Year in Review, and a Year in Preview - December 20, 2018 Dec 20, 2018
U.S. Cable & Satellite: A Year in Review, and a Year in Preview - December 20, 2018 Dec 20, 2018
U.S. Communications Infrastructure: A Year in Review, and a Year in Preview - December 20, 2018 Dec 20, 2018
FB & PYPL - A Match Made in Heaven? What an Expanded FB/PYPL Partnership Might Look Like (and Why Now) Dec 13, 2018
Netflix: OTT A-Go-Go Dec 11, 2018
November C3 Ratings - The NFL is Up… and Almost Everything Else is Down Dec 11, 2018
U.S Telecommunications: What Is Already Priced In? Dec 10, 2018
Twitter: Are They Spending Enough? Dec 10, 2018
L.A. Trip Takeaways: Snapshots of the Revolution Dec 5, 2018
U.S. Cable: Disaggregating Cable Multiples by Product Line; Upgrading Cable One to Neutral Dec 4, 2018
U.S. Media – Weekly Ratings: 11/26-12/2 Dec 4, 2018
U.S. Towers: Saying Bye to Two Old Friends… For Two Different Reasons. Downgrading AMT and CCI to Neutral Dec 3, 2018
Data Centers: Considering Headwinds and Tailwinds to Growth in 2019 Nov 29, 2018
Starry Revisited: Getting Real - November 29, 2018 Nov 29, 2018
AT&T: Is the Bear Case Finally Priced In? Upgrading AT&T from Sell to Neutral; Target Price Unchanged at $28 Nov 26, 2018
U.S. Media & Internet: Forward Multiples Tell the Story Nov 20, 2018
CenturyLink: Checking In on the Sell Thesis… Maintain Rating, Lower TP to $16 Nov 19, 2018
Antitrust and Public Policy for the 21st Century Summit: Key Takeaways – November 19, 2018 Nov 19, 2018
Viacom: Bob the Builder Nov 16, 2018
Zayo: The Widowmaker… Still a Buy, Lower TP to $30 Nov 14, 2018
October C3 Ratings - The Three Ds: Down Double Digits - November 13, 2018 Nov 13, 2018
Disney: Disney On Ice Nov 9, 2018
U.S. Commercial Wireline: Walking Contradiction - November 9, 2018 Nov 9, 2018
CenturyLink Q3 2018 Earnings: Mind the Gap Nov 8, 2018
Discovery: Something for Everyone Nov 8, 2018
Dish Q3 2018 Earnings: A Series of Unfortunate Events Nov 7, 2018
Q3 2018 Cord-Cutting Monitor: False Narratives Nov 7, 2018
21st Century Fox: Looking Good For New Fox Nov 7, 2018
Zayo Q1 F2019 Earnings: It’s Always Darkest Before… Nov 7, 2018
Cable One Q3 2018 Earnings: Cable One through a Different Lens... as an Acquirer, Not an Acquiree Nov 7, 2018
Altice USA Q3 2018 Earnings: The Alchemy of Leverage Nov 5, 2018
Disney: Doing The Math Nov 5, 2018
SBA Q3 2018 Earnings: Fast Follower Nov 5, 2018
Cinemark: Will Netflix’s Roma Be An Inflection Point? Nov 2, 2018
CBS: Conveying Bench Strength Nov 2, 2018
What Does Dish Network’s Dispute with HBO Say About Vertical Integration… And What Does It Say About Dish? – November 2, 2018 Nov 2, 2018
AMC Networks: The Balancing Act Continues… Nov 1, 2018
Equinix Q3 2018 Earnings: The Ties That Bind (or Don’t) Nov 1, 2018
Cogent Q3 2018 Earnings: Capital Returns in the Context of Growth Nov 1, 2018
Sprint CQ3 2018 Earnings: What Are the Odds? Oct 31, 2018
Facebook: See You Next Summer? Oct 31, 2018
American Tower Q3 2018 Earnings: Let the Good Times Roll Oct 30, 2018
T-Mobile Q3 2018 Earnings: Heads I Win, Tails I… Win? Oct 30, 2018
CyrusOne Q3 2018 Earnings: Birth of a Platform Oct 30, 2018
QTS Q3 2018 Earnings: Coming into Focus Oct 29, 2018
Some Thoughts on the Great Data Center Meltdown of 2018 - October 29, 2018 Oct 29, 2018
Online Advertising: The Really Good, The Good & The Not So Bad Oct 26, 2018
Charter Q3 2018 Earnings: Ah, Simplicity Oct 26, 2018
Comcast Q3 2018 Earnings: It’s Good to Be a Cable Company (…If Only Comcast Were Just a Cable Company) Oct 25, 2018
WPP: “Sprinting” to the Bottom? Oct 25, 2018
Digital Realty Q3 2018 Earnings: The Ghost of DFT Oct 25, 2018
CoreSite Q3 2018 Earnings: Taking an Inventory of Inventory Oct 25, 2018
Online Advertising: In Need of Relief Oct 24, 2018
AT&T Q3 2018: This Is What Prioritizing the Bond Market Looks Like Oct 24, 2018
U.S. Media – AT&T’s Media Read Through - October 24, 2018 Oct 24, 2018
Verizon Q3 2018 Earnings: Peak Wireless? Oct 23, 2018
Will Washington View the Cable Operators as Serious Competitors in Wireless? - October 23, 2018 Oct 23, 2018
U.S. Media - Weekly Ratings: 10/15-10/21 Oct 23, 2018
Interpublic: Standing Out From the Crowd Oct 22, 2018
U.S. Media: A Quarter Like No Other… Part II Oct 18, 2018
Netflix: The S-Curve vs. The Financials Oct 17, 2018
Omnicom: A Glimmer of Hope? Oct 17, 2018
Crown Castle Q3 2018 Earnings: The Big Reveal (and How to Figure Out What It Actually Means) Oct 17, 2018
Data Centers: Optionality vs. the Elasticity of Supply Oct 16, 2018
Advertising Agencies: Jostling for Position Oct 15, 2018
Zayo: From the Ashes... Upgrading to Buy, TP $38 Oct 15, 2018
AT&T: Crossed Lines… Our Pro Forma “New AT&T” Model Oct 11, 2018
Snap: Did Someone Get The Memo? Oct 9, 2018
U.S. Media - Weekly Ratings: 10/1-10/7 Oct 9, 2018
NFL Week 4 Ratings – So Far, So Good… Oct 4, 2018
U.S. Advertising: TV Not Dead Yet? Sep 27, 2018
Zayo: As Good As It Gets?