Word: atorino
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...million-dollar view is also a reminder that these are boom times for women's magazines. "They are doing much better than the magazine business overall," says Edward Atorino, a managing director at Benchmark, a brokerage firm in New York City. "Everybody thinks the Internet is the only place where things are happening, but the women's magazine field is not getting the attention that it deserves." Ad revenues in Black's division, a unit of Hearst Corp., have tripled since she took over, soaring to $2.5 billion in 2006, from $841 million in 1996. The magazines are being...
Troubles for CBS may not be over. Wall Streeters suggest that Loew's chairman, Laurence Tisch, who has bought 12% of the company and last week became a member of the firm's board of directors, might try to acquire CBS himself or with some corporate raiders. Says Edward Atorino of Smith Barney: "CBS hoped that bringing this fox into the hen house would keep away other foxes. The trick is not going to work." No one yet knows the plot of the final episode in this CBS series. TELEPHONES Demon Dialers Beware...
...seem worth the heartburn. It sells just 264,000 copies, spread thinly over 180 countries. Investors were happy to see Graham shed the money loser; the Washington Post Co.'s shares rose on the news. "Who cares about it except some guy in a bar in France?" said Ed Atorino, newspaper analyst at Blaylock & Partners...
...Columbia for $2.75 million in annual salaries plus profit-sharing bonuses. Sony also agreed to pay $200 million for Guber-Peters Entertainment, which the two men operate. Warner Bros. responded with a $1 billion suit against Sony for inducing Guber and Peters to break their Warner contract. Said Ed Atorino, who follows the entertainment industry for the Wall Street firm Salomon Bros.: "Sony didn't read the fine print. Warner made them...
...talented journalists, spread over two dozen magazines, but also Warner's Mad magazine, Superman comics and such recording artists as Madonna and U2. The businesses are thus related, but largely complementary. "This is the first merger in a long time that makes a lot of sense," said Edward Atorino, a media analyst at the Smith Barney investment firm...