The Future of Cable MSOs:
Competitive Threats and Emerging Opportunities

Recorded October 20, 2009

90 minutes

Background  |  Panelists |  Who will benefit |  Get log-in

Background

Cable MSOs have seen revenue and cash flow increases despite slowing subscriber unit growth — total cable revenue will break through $90 billion in 2009, with average monthly residential revenue per sub topping $111. 

But what does the future hold for cable revenues, values, and operations when operators are facing off against not only DBS and telco competition, but also the growth of video online? Are cable MSOs, flush with free cash flow, on the verge of landscape-altering M&A that will ensure future growth and future-proof them against the rapidly-evolving media landscape?

Join us for an agenda that includes an overview and discussion of:

The State of the Industry

The Outlook for Future Subscriber and Revenue Growth

What Value Will Be Created and When Will It Be Realized?

Panelists

Thomas W. Eagan

Media Analyst, Collins Stewart LLC

Thomas Eagan joined Collins Stewart in April 2008 as a senior research analyst covering Media stocks.  Tom brings a depth of knowledge of the Media industry having worked for more than 10 years analyzing Media stocks on the Street and more than 5 years on the corporate side.  Prior to Collins Stewart, Tom covered a broad range of media stocks, including cable/satellite TV, digital media and large cap entertainment names at both Oppenheimer & Co. and UBS Warburg.  Before coming to Wall Street, Mr. Eagan worked in the Media industry serving as Finance Manager at Home Box Office (HBO), a division of Time Warner, and as a Media Buyer at Ingalls Associates, a Boston-based advertising agency. 

David C. Joyce

Media Industry Analyst, Miller Tabak + Company, LLC

David C. Joyce, CFA, joined Miller Tabak + Co. as the firm's equity research Media Industry Analyst in August 2005. Mr. Joyce has 14 years of experience in equity research and investment banking. Since early 2000, he has been a Senior Equity Analyst covering the Media industry at JBHanauer & Co. and at Guzman & Co., and is best known for his coverage of the Spanish-language broadcasters and the international cable companies. Mr. Joyce placed third in the 2004 Wall Street Journal "Best On The Street" Award based on his 2003 stock-picking performance. In addition, he garnered recurring recognition for earnings estimate accuracy for a range of small-, mid-, and large-capitalization media, entertainment, broadcasting, and cable stocks. Mr. Joyce's career commenced at Salomon Brothers Inc. where he was an investment banking analyst covering financial institutions and large-capitalization diversified companies. Subsequently, he was an Associate Analyst in Bear, Stearns & Co.'s equity research department for three years. He earned his MBA in Finance at New York University's Stern School of Business in 1998, and has a BS in Business Administration from Georgetown University.

Robin Flynn (moderator)

Associate Director and Senior Analyst, SNL Kagan

Robin Flynn is senior vice president of Kagan Media Appraisals, cable, DBS and telco video consulting and valuations, among other areas, and is a senior analyst at SNL Kagan, contributing to SNL newsletters, including Broadcast Investor , Cable TV Investor and Kagan Media Money. Ms. Flynn also authors and contributes to various SNL Kagan databooks and research reports. Prior to joining the firm, she was employed with the Overseas Private Investment Corp. and with Scudder, Stevens & Clark. Ms. Flynn has a B.A. degree from Duke University, a Certificate in Contemporary French Studies from the Sorbonne in Paris and an MBA degree from the Monterey Institute of International Studies.    

Who will benefit

 CFA Institute

  1.5 Hours of Continuing Education Credit

  SNL Center for Financial Education is registered with CFA Institute as an                       Approved Provider of professional development programs. This program is

  eligible for 1.5 CE credit hours as granted by CFA Institute. If you are a CFA
Institute member, CE credit for your participation in this program will be automatically recorded
in your CE Diary

To get your log-in select your purchase option