FEINBERG & Buddies, Air. 8: Scott & Ladies and Hollywood's Melissa Silverstein around the Race (Audio)

NY - The 39th annual UBS Global Media and Communications Conference ended Wednesday mid-day following a slew of looks from media moguls, including Time Warner Boss Shaun Bewkes, CBS Corp. Boss Leslie Moonves, Viacom Boss Philippe Dauman, News Corp. leader and COO Chase Carey.our editor recommendsNetflix's Reed Hastings Calls Cinemax Go His Primary CompetitionStarz Not 'Reveling' in Netflix's Discomfort After Cutting Ties With the organization, States Top Professional Plus, Netflix Boss Reed Hastings turned up for his first "longest running show on Wall Street," as UBS loves to call the 3-day investor conference. This is a take a look at some key styles that emerged throughout the final major media investor event of the season. 1. Professionals SIGNALED THAT ADVERTISING TRENDS Look Great Starting The Brand New YEAR Moonves and Bewkes were among individuals that spoke of signs and symptoms of elevated ad interest in the very first quarter following a slight conditioning in recent days. Moonves stated that scatter market ad prices remain up within the mid-teen percentage range within the upfront, but added that CBS is probably doing much better than others. Younger crowd stated "there may continually be more demand," adding that heading in to the year-finish holidays demand from customers has enhanced. First-quarter cancellations remain low and consistent with historic trends. Japanese auto advertisements, that has returned back this quarter, should still flow early the coming year, he predicted. Bewkes stated the 4th quarter continues to be "a little much softer" when it comes to ad momentum, partially because some entrepreneurs drawn advertisements in to the upfront. "We feel happier about the very first quarter compared to 4th quarter," he stated. Basketball can help here, he stated. "We're pleased to have National basketball association back." Meanwhile, Dauman addressed the current rankings challenges of Viacom's Nickelodeon, which the organization has recommended might be because of an problem with Nielsen's rankings. As the current quarter's ad revenue momentum is going to be pulled lower through the Nickelodeon problem and "some gentleness generally scatter demand" during the last several days, things look better within the first quarter of 2012, he stated. The rankings problem is "an issue that'll be alleviated" because of more new shows on Nickelodeon compared to network ever endured soon, Dauman stated. Plus, Viacom's advertising sales from Nickelodeon can make up a significantly more compact area of the organization's total beginning next quarter, and there's a "better tone" on the market, he added. "We're feeling excellent,Inch Dauman made clear, repeating the Nickelodeon problem will turn to just be a "blip." 2. MOGULS Required Simple To Use ON NETFLIX After Netflix was frequently pointed out like a potential threat at this past year's UBS conference without having to be symbolized there, the image was much different now. Some periods didn't even mention Netflix, so when an analyst or investor requested about this, entertainment industry professionals were mostly upbeat. "We would like a proper Netflix," Moonves stated. In the end, the internet streaming firm has compensated up for library content handles his company. And Bewkes, when requested about past comments by which he'd in comparison Netflix using the Albanian military, stated: "Netflix is our friend." The 2 CEOs and Carey stressed though that Netflix along with other digital content marketers are mainly interesting like a place that content designers sell library content to. While Wall Street experts have wondered if the digital windfall will ended, Moonves stated needs it will likely be a recurring revenue stream moving forward. "CBS has completed several subscription VOD deals in the last year, all non-exclusive with only library content," authored UBS analyst John Janedis inside a note to traders. "We estimate they've inked a lot more than $400 million SVOD deals up to now." Oddly enough, Hastings themself stated he feels competition and more recent gamers like Netflix are great for entertainment companies and competition to create everybody more powerful and. He known as Cinemax Go his greatest threat. Like Cinemax, Netflix intends to spend $1 billion-$2 billion annually on content. Rivals like Amazon . com.com and Hulu Plus won't be risks until they invest in that greater degree of investing, he added. 3. CEOs REMAIN Careful ON Purchases, BUT A BANKER Provides A DEALS PITCH UBS top banker Aryeh Bourkoff opened up the conference using the suggestion that management teams shouldn't only manage is a result of quarter to quarter, but additionally have a longer-term view and explore purchases that may ignite the huge quantity of dry powder that companies are presently looking at. There is what's promising for bankers, but several professionals stated they'll still focus mainly on investing money on stock buybacks and returns, even when the bankers within the room might not prefer to listen to it. Carey suggested that some companies, by which News Corp. is the owner of merely a stake, could be either fully acquired or offered, quarrelling that the organization's stock value doesn't fully reflect these holdings. Bewkes stated TW continues to come back money to investors, but additionally outlined the conglomerate has continuously made more compact purchases, particularly abroad. Dauman seemed to be among individuals that stored the attention squarely on investors, vowing that Viacom would return $20 billion within the next 5 years via returns and buybacks. And News Corp. leader, COO and deputy chairman Chase Carey stated that the $5 billion stock buyback program from Rupert Murdoch's conglomerate might not just be a 1-time factor. And Moonves stated CBS Corp. could raise its dividend the coming year. Barclays Capital analyst Anthony DiClemente considered in around the problem of methods better to allocate capital inside a mid-week report. Wally Disney, which wasn't in the UBS conference, lately elevated its dividend, leading him to take particular notice at the proper way to use available cash. His favorite utilization of cash for media and entertainment titans is a rise in returns. "Also, with low borrowing costs for investment grade credit and corporate balance sheets flush with cash, we feel proper purchases, particularly for worldwide assets, may help boost relatively sluggish top line growth," he authored. Stock buybacks should come last, he recommended. They've "the possibility to eliminate investor value if shares are bought above intrinsic value, the best risk poor an uncertain macro atmosphere that could weigh on stock values," DiClemente stated. Email: Georg.Szalai@thr.com Twitter: @georgszalai Related Subjects Time Warner Viacom CBS UBS