| --- |
| title: "House Oversight: Estate Documents (Nov 12) (HOUSE_OVERSIGHT_024251)" |
| source: "House Oversight: Estate Documents (Nov 12)" |
| sourceUrl: "https://oversight.house.gov" |
| date: "2026-01-01" |
| category: "House Oversight" |
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| externalCredit: "House Oversight Committee, official estate production" |
| externalUrl: "https://oversight.house.gov" |
| --- |
| |
| From: Richard Kahn |
| Sent: 7/22/2015 5:29:11 PM |
| To: jeffrey E. [jeeyacation@gmail.com] |
| Subject: Republicans gird for the Donald Trump debate |
| Importance: High |
| as you predicted.. |
| http ://www.politico com/blo gs/media/2015/07/republicans-gird-for-the-donald-trump-deb ate- |
| 211033.html?ml=t1 5 b# |
| Debate Schedule |
| August 6, 2015 |
| 9pm ET - Republican Primary Debate |
| Aired On: Fox News Channel |
| Location: Quicken Loans Arena in Cleveland, OH |
| Sponsors: Fox News, facebook |
| Moderators: Bret Baier, Megyn Kelly and Chris Wallace |
| Rules: Top 10 candidates in an average of 5 national polls |
| Candidates: To be determined |
| Notes: Fox News has added a candidate forum at 1pm ET the same day for candidates who don't make |
| the debate cut |
| September 16, 2015 |
| Reagan Library Republican Debate (Press Release) |
| Aired On: CNN and Salem Radio |
| Location: Reagan Library in Simi Valley, CA |
| Sponsors: Reagan Library Foundation, CNN, Salem Media Group |
| Moderators: Jake Tapper, Hugh Hewitt, |
| Rules: Split field into Segment B (top 10 candidates) and Segment A (remaining candidates getting at least 1% |
| in polls) (Details) |
| Candidates: To be determined |
| October 28, 2015 |
| CNBC Republican Debate |
| Aired On: CNBC |
| Location: University of Colorado in Boulder (Press Release) |
| Sponsors: CNBC (Press Release) |
| Candidates: To be determined |
| November, 2015* |
| Republican Primary Debate |
| Aired On: Fox Business Network |
| Location: Wisconsin |
| Sponsors: Fox Business Network |
| Candidates: To be determined |
| December 15, 2015 |
| Republican Primary Debate |
| Aired On: CNN |
| Location: Las Vegas, Nevada |
| HOUSE OVERSIGHT 024251 |
| Sponsors: CNN, Salem Media Group |
| Candidates: To be determined |
| 2016 |
| January, 2016* |
| Republican Primary Debate |
| Aired On: Fox News Channel |
| Location: Iowa |
| Sponsors: Fox News |
| Candidates: To be determined |
| February 6, 2016 |
| Republican Primary Debate |
| Aired On: ABC |
| Location: St. Anse1m College in Manchester, New Hampshire |
| Sponsors: ABC News, UReview.com (Press Release) |
| Candidates: To be determined |
| February 13, 2016 |
| Republican Primary Debate |
| Aired On: CBS |
| Location: South Carolina |
| Sponsors: CBS |
| Candidates: To be determined |
| February 26, 2016 |
| Republican Primary Debate |
| Aired On: NBC and Telemundo |
| Location: Texas |
| Sponsors: NBC/Telemundo, National Review |
| Candidates: To be determined |
| March 2016* |
| Republican Primary Debate |
| Aired On: Fox News Channel |
| Location: TBD |
| Sponsors: Fox News |
| Candidates: To be determined |
| March 10, 2016 |
| Republican Primary Debate |
| Aired On: CNN |
| Location: Florida |
| Sponsors: CNN, Salem Media Group |
| Candidates: To be determined |
| *Debate sponsor has not yet named specific date |
| Top 10 Media Stocks for 2015 |
| By Dan Moskowitz March 19, 2015 AAA |
| Oat' |
| The following list is broken down into Top-Tier Media Stocks and Speculative Media Stocks. It might surprise |
| you that some of the names on the latter list aren't on the former list, but there is a simple reason for this, which |
| will be revealed below. |
| HOUSE OVERSIGHT 024252 |
| Top-Tier Media Stocks |
| Walt Disney |
| The Walt Disney Co. (DIS) is one of the strongest brands in the world. It also possesses multiple revenue |
| streams and pricing power. Q1 EPS jumped 23% year over year based on record revenue. When a company |
| delivers record revenue, that trend doesn't make a sudden U-turn. If there's going to be a turnaround for the |
| worse, it will take time to play out, giving you time to exit your position. (For related reading, see: This |
| Company Is No Mickey Mouse Operation.) |
| CBS |
| CBS Corp.'s (CBS) Q4 revenue increased 3% and diluted EPS improved 8%. CBS also announced a $1 billion |
| share buyback in the first quarter. This will significantly reduce the share count, which should improve |
| earnings. CBS will once again have Thursday Night Football, and it will be the home of Super Bowl 50. It's |
| also home to regular-season NFL games, March Madness and The Masters. However, its reach goes well |
| beyond sports. |
| Comcast |
| FY2014 revenue at Comcast Corp. (CMCSA) increased 6.4%. Operating cash flow and EPS improved 6.9% |
| and 25%, respectively. Comcast also increased its dividend 11% and announced that $4.25 billion of its $10 |
| billion share buyback program would take place in 2015. (For more, see: This Company is as Unavoidable as it |
| is Unloved.) |
| Twenty-First Century Fox |
| Twenty-First Century Fox, Inc.'s (FOXA) Q2 operating income before depreciation and amortization increased |
| 12%. Fox studios enjoyed 24 Academy Award nominations in 2015, making it the industry leader. Twenty-First |
| Century Fox also recently created the Europe's leading pay TV business. |
| Google |
| Google Inc. (GOOGL) is known as more of a technology company than a media company, but its YouTube |
| segment consumes approximately 15% of all broadband traffic in the United States and Canada (only Netflix, |
| Inc. (NFLX) is higher at 35%). Google also makes this list because of its $62.63 billion in cash, which means it |
| can enter any business it pleases. If it chooses to expand its media presence, then it would likely steal share |
| from some of the current industry leaders. (For related reading, see: How Google's Self-Driving Car Will |
| Change Everything.) |
| Speculative Media Stocks |
| Charter Communications |
| Q4 revenue jumped 9.9% at Charter Communications, Inc. (CHTR) thanks to higher customer penetration on |
| Internet, video, and commercial businesses. Another positive is that Berkshire Hathaway Inc. (BRK.A) recently |
| increased its position in CHTR by adding 1.2 million shares. CHTR now represents 1.35% of the fund's |
| portfolio. The reason CHTR is on the speculative list is a lack of profitability. |
| Discovery Communications |
| Differentiation is the key here thanks to Discovery Communications, Inc.'s (DISCA) success with docudramas. |
| In FY2014, revenue increased 13%, adjusted earnings per diluted share improved 13%, free cash flow increased |
| 2%, and $1.4 billion worth of stock was repurchased. The biggest risks here are a challenging U.S. market and |
| currency headwinds. It should also be pointed out that there is an 11% short position on the stock. (For related |
| reading, see: A Breakdown of Stock Buybacks.) |
| HOUSE OVERSIGHT 024253 |
| Viacom |
| MTV, VH1, CMT, BET, Nickelodeon, Nick Jr, Comedy Central, TV Land, SPIKE, and more. Do these sound |
| like brands that are likely to suffer? No. Viacom, Inc. (VIA) is a profitable company that pays a small dividend. |
| On the other hand, a debt-to-equity ratio of 3.88 isn't comforting. |
| Time Warner |
| Time Warner Inc. (TWX) has 165 channels across 200 countries. This includes HBO. In FY2014, revenue |
| increased 3%. That's not spectacular, but adjusted EPS jumped 18%, which now represents six consecutive |
| years of adjusted EPS growth in the high teens. Time Warner also returned $6.6 billion to shareholders via |
| dividends and buybacks throughout the year. Over the long haul, cable companies will have a difficult time |
| competing against streaming services, but all is okay for right now. |
| Scripps Networks Interactive |
| Among Scripps Networks Interactive, Inc.'s (SNI) properties are Home and Garden Television, Food Network, |
| Travel Channel, DIY Network, Cooking Channel and Great American Country. These are strong brands. Strong |
| enough that Scripps Networks expects FY2015 revenue to increase approximately 4%. The company also |
| expects selling, general, and administrative expenses to come in between flat and down 2%. Either way, it's a |
| positive when revenue is outpacing SG&A expenses. Furthermore, Scripps Networks has announced that it's |
| adding $1 billion to its share buyback program and increasing its dividend by 15%. The risk here is the stock's |
| sensitivity to broader market corrections. (For a look back to 2009, see: Scripps Network Interactive Worth a |
| Look.) |
| Performance Comparisons |
| Another reason why some stocks made the top list and others did not is performance. If a stock can't appreciate |
| in a bull market, then how would you expect it to perform when the trend reverses? Capital preservation should |
| be the number one priority for a savvy investor. Below are total return numbers for each company as of |
| 3/18/2015). |
| 1-Year 3-Year 5-Year 10-Year |
| DIS 33.09% 36.87% 27.03% 15.19% |
| CBS -3.95% 26.94% 23.19% 12.56% |
| CMCSA 19.26% 27.62% 23.13% 13.40% |
| FOXA 6.46% 26.99% 24.13% 8.83% |
| GOOGL -6.61% 21.87% 14.84% 20.18% |
| CHTR 50.27% 143.56% 140.36% n/a |
| DISCA -25.98% 8.93% 13.74% n/a |
| VIA -20.33% 11.19% 17.28% n/a |
| TWX 37.35% 38.08% 25.34% 9.86% |
| SNI 10.10% 15.26% 12.24% n/a |
| The Bottom Line |
| HOUSE OVERSIGHT 024254 |
| The Top-Tier Media Stocks have outperformed Speculative Media Stocks over the past three years (for the most |
| part). Therefore, you should strongly consider the first set of stocks listed above. While it's entirely possible |
| they all underperform in 2015 if the market falters, these are elite names that are highly likely to be around for a |
| long time. Even if the worst occurs, you will have an opportunity to add more to your position at cheaper prices. |
| (For related reading, see: Buying Facebook Stock, A Beginner's Guide.) |
| Read more: http://www.investopedia.com/articles/active-trading/031915/top-10-media-stocks- |
| 2015.asp#ixzz3gdqLDgWm |
| Follow us: gInvestopedia on Twitter |
| Richard Kahn |
| HBRK Associates Inc. |
| 575 Lexington Avenue 4th Floor |
| New York, NY 10022 |
| tel), |
| fa |
| cell |
| HOUSE OVERSIGHT 024255 |
| |
