UBS Research: Media http://clientportal.ibb.ubs.com/portal/index.jsp?page=eqrschstockrschsector&IndCatCode=MDI&MarketCode=GL&MarketCap=X UBS Research: Media en Copyright (C) UBS 2009. All rights reserved. eMarketing@ubs.com eMarketing@ubs.com Fri, 20 Nov 2009 Sun, 22 Nov 2009 60 http://clientportal.ibb.ubs.com/portal/index.jsp?page=eqrschrss http://research.ibb.ubs.com:80/images/logo.gif UBS http://www.ubs.com 160 44 <![CDATA[Global Media News & Views "UBS Global Media Weekly Update" 20-Nov-2009 Coppet]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82865|native|public Regions
  • Global


Sectors
  • Global Consumer, Cyclical

  • Global Media


Companies
  • AEGS.L Aegis

  • DMGOa.L DMGT

  • ERM.L Euromoney

  • VIV.PA Vivendi

  • MOED.MI Mondadori

  • WLSNc.AS Wolters-Kluwer

  • PSON.L Pearson

  • REL.L Reed Elsevier plc

  • TNI.L Trinity Mirror

  • WPP.L WPP

  • MS.MI Mediaset

  • SBST.OL Schibsted

  • JPR.L Johnston Press

  • INF.L Informa

  • ISOS.PA Ipsos

  • JCDX.PA JCDecaux

  • YELL.L Yell

  • RCSM.MI RCS MediaGroup SpA

  • ITV.L ITV

  • SKYDn.DE Sky Deutschland

  • CTCM.O CTC Media

  • MONY.L Moneysupermarket.com

  • CPSM.WA Cyfrowy Polsat

  • 0511.HK TVB

  • BEC.BK BEC

  • SPRM.SI Singapore Press

  • ZEE.BO Zee Entertainment

  • NTES.O NetEase

  • MAJO.BK Major

  • QBRb.TO Quebecor Inc.

  • TLVACPO.MX Grupo Televisa

  • VZ.N Verizon

  • DIS.N Walt Disney Co.

  • VIAb.N Viacom

  • ERTS.O Electronic Arts

  • CBS.N CBS Corp.

  • TRI.N Thomson Reuters

  • DISH.O DISH Network

  • DTV.O DIRECTV Group

  • GOOG.O Google Inc.

  • FXJ.AX Fairfax Media Ltd

  • SKT.NZ Sky Network TV

  • 4676.T Fuji Media Holdings

  • 9684.T Square Enix Holdings

  • 9449.T GMO Internet

  • 4755.Q Rakuten

  • 4817.Q Jupiter Telecom

  • 4324.T Dentsu

  • 4751.T CyberAgent

  • 3715.T Dwango

  • 9427.T eAccess

  • 2389.Q Opt

  • 0700.HK Tencent

  • 2433.T Hakuhodo DY HD

  • SEK.AX Seek Ltd

  • MCOT.BK MCOT

  • 2121.T mixi

  • SUTV.BO Sun TV


Subjects
  • Industry Overview

  • Morning Note

]]> Matthieu Coppet AEGS.L DMGOa.L ERM.L VIV.PA MOED.MI WLSNc.AS PSON.L REL.L TNI.L WPP.L MS.MI SBST.OL JPR.L INF.L ISOS.PA JCDX.PA YELL.L RCSM.MI ITV.L SKYDn.DE CTCM.O MONY.L CPSM.WA 0511.HK BEC.BK SPRM.SI ZEE.BO NTES.O MAJO.BK QBRb.TO TLVACPO.MX VZ.N DIS.N VIAb.N ERTS.O CBS.N TRI.N DISH.O DTV.O GOOG.O FXJ.AX SKT.NZ 4676.T 9684.T 9449.T 4755.Q 4817.Q 4324.T 4751.T 3715.T 9427.T 2389.Q 0700.HK 2433.T SEK.AX MCOT.BK 2121.T SUTV.BO http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82865|native|public|20091120113700 Fri, 20 Nov 2009 <![CDATA[First Read: Vivendi "NBCU - differences on valuation" (Sell) Tang]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer70029|native|public Regions
  • Europe Including UK

  • Europe Ex. UK

  • France

  • Global

  • UBSW EMEA


Sectors
  • French Broadcasting

  • European Broadcasting

  • European Ex. UK Broadcasting

  • Global Broadcasting

  • European Consumer, Cyclical

  • European Ex. UK Consumer, Cyclical

  • French Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • European Ex. UK Media

  • French Media

  • Global Media


Companies
  • VIV.PA Vivendi


Subjects
  • Company Update

  • Morning Note

]]> Polo Tang VIV.PA http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer70029|native|public|20091120071248 Fri, 20 Nov 2009 <![CDATA[Seek Ltd "Upgrading on stronger volume growth" (Neutral) Eary]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uet11562|native|public Regions
  • Global

  • Asia Pacific

  • Asia Pacific Ex. JP

  • Australia

  • Australasia


Sectors
  • Global Advertising

  • Global Consumer, Cyclical

  • Global Media

  • Asian Pacific Advertising

  • Asian Pacific Consumer, Cyclical

  • Asian Pacific Media

  • Asian Pacific Ex. JP Advertising

  • Asian Pacific Ex. JP Consumer, Cyclical

  • Asian Pacific Ex. JP Media

  • Australian Advertising

  • Australian Consumer, Cyclical

  • Australian Media

  • Australasian Advertising

  • Australasian Consumer, Cyclical

  • Australasian Media


Companies
  • SEK.AX Seek Ltd


Subjects
  • Company Update

  • Morning Note

]]> Richard Eary SEK.AX http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uet11562|native|public|20091120060743 Fri, 20 Nov 2009 <![CDATA[Schibsted "Delivering on its promise" (Buy) Reid]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69977|native|public Regions
  • Europe Including UK

  • Europe Ex. UK

  • Global

  • Norway

  • Nordic

  • UBSW EMEA


Sectors
  • Norwegian Publishing

  • European Publishing

  • European Ex. UK Publishing

  • Global Publishing

  • European Consumer, Cyclical

  • European Ex. UK Consumer, Cyclical

  • Global Consumer, Cyclical

  • Norwegian Consumer, Cyclical

  • European Media

  • European Ex. UK Media

  • Global Media

  • Norwegian Media

  • Nordic Consumer, Cyclical

  • Nordic Media

  • Nordic Publishing


Companies
  • SBST.OL Schibsted


Subjects
  • Market Strategy / Comment

  • Morning Note

]]> Alastair Reid SBST.OL http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69977|native|public|20091120040107 Fri, 20 Nov 2009 <![CDATA[European Media "Alpha Preferences" 20-Nov-2009 Tang]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69982|native|public Regions
  • Europe Including UK

  • Global


Sectors
  • European Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • Global Media


Companies
  • AEGS.L Aegis

  • DMGOa.L DMGT

  • ERM.L Euromoney

  • VIV.PA Vivendi

  • LAGA.PA Lagardere

  • WLSNc.AS Wolters-Kluwer

  • PSON.L Pearson

  • REL.L Reed Elsevier plc

  • WPP.L WPP

  • MS.MI Mediaset

  • SBST.OL Schibsted

  • JCDX.PA JCDecaux

  • YELL.L Yell

  • ITV.L ITV

  • TL5.MC Telecinco


Subjects
  • Industry Overview

  • Market Strategy / Comment

  • Morning Note

]]> Polo Tang AEGS.L DMGOa.L ERM.L VIV.PA LAGA.PA WLSNc.AS PSON.L REL.L WPP.L MS.MI SBST.OL JCDX.PA YELL.L ITV.L TL5.MC http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69982|native|public|20091120040054 Fri, 20 Nov 2009 <![CDATA[First Read: Vivendi "NBCU proceeds could take time" (Sell) Tang]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69953|native|public Regions
  • Europe Including UK

  • Europe Ex. UK

  • France

  • Global

  • UBSW EMEA


Sectors
  • French Broadcasting

  • European Broadcasting

  • European Ex. UK Broadcasting

  • Global Broadcasting

  • European Consumer, Cyclical

  • European Ex. UK Consumer, Cyclical

  • French Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • European Ex. UK Media

  • French Media

  • Global Media


Companies
  • VIV.PA Vivendi


Subjects
  • Company Update

  • Morning Note

]]> Polo Tang VIV.PA http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69953|native|public|20091119075223 Thu, 19 Nov 2009 <![CDATA[First Read: Aegis "Cost savings underpin profits" (Buy) Reid]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69951|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • European Advertising

  • British Advertising

  • Global Advertising

  • European Consumer, Cyclical

  • British Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • British Media

  • Global Media


Companies
  • AEGS.L Aegis


Subjects
  • Company Update

  • Morning Note

]]> Alastair Reid AEGS.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69951|native|public|20091119075148 Thu, 19 Nov 2009 <![CDATA[First Read: WPP "Less worse, but not better" (Neutral) Reid]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69944|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • European Advertising

  • British Advertising

  • Global Advertising

  • European Consumer, Cyclical

  • British Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • British Media

  • Global Media


Companies
  • WPP.L WPP


Subjects
  • Company Update

  • Morning Note

]]> Alastair Reid WPP.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69944|native|public|20091119061701 Thu, 19 Nov 2009 <![CDATA[First Read: Pearson "Old story, but still possible?" (Buy) Reid]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69942|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • British Publishing

  • European Publishing

  • Global Publishing

  • European Consumer, Cyclical

  • British Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • British Media

  • Global Media


Companies
  • PSON.L Pearson


Subjects
  • Company Update

  • Morning Note

]]> Alastair Reid PSON.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69942|native|public|20091119060718 Thu, 19 Nov 2009 <![CDATA[DIRECTV Group "Appoints Pepsi Exec Michael White CEO" (Buy) Hodulik]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82785|native|public Regions
  • Global

  • Americas

  • United States

  • North America


Sectors
  • Global Broadcasting

  • Global Consumer, Cyclical

  • Global Media

  • US Broadcasting

  • Americas Broadcasting

  • Americas Consumer, Cyclical

  • US Consumer, Cyclical

  • Americas Media

  • US Media

  • North American Broadcasting

  • North American Consumer, Cyclical

  • North American Media


Companies
  • DTV.O DIRECTV Group


Subjects
  • Company Update

  • Morning Note

]]> John C. Hodulik, CFA DTV.O http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82785|native|public|20091118192935 Wed, 18 Nov 2009 <![CDATA[Media Content Monthly "November 2009: Growth in fee-based content, EC ..."]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uew17924|native|public Regions
  • Global

  • Asia Pacific

  • Japan


Sectors
  • Global Consumer, Cyclical

  • Global Media

  • Japanese Consumer, Cyclical

  • Japanese Media


Companies
  • 6758.T Sony

  • 7974.OS Nintendo

  • 9401.T TBS Holdings

  • 9404.T NTV

  • 9432.T NTT

  • 9433.T KDDI

  • 9613.T NTT Data

  • 9697.T Capcom

  • 9766.T Konami

  • 4676.T Fuji Media Holdings

  • 4689.T Yahoo Japan

  • 9602.T Toho

  • 9684.T Square Enix Holdings

  • 3626.T IT Holdings

  • 9984.T Softbank

  • 4704.T Trend Micro

  • 9437.T NTT DoCoMo

  • 4716.T Oracle Japan

  • 9449.T GMO Internet

  • 4739.T CTC

  • 4755.Q Rakuten

  • 9409.T TV Asahi

  • 4817.Q Jupiter Telecom

  • 4324.T Dentsu

  • 4307.T NRI

  • 4751.T CyberAgent

  • 3715.T Dwango

  • 9427.T eAccess

  • 2371.T Kakaku.com

  • 2389.Q Opt

  • 2413.T So-net M3

  • 2432.T DeNA

  • 2433.T Hakuhodo DY HD

  • 2121.T mixi


Subjects
  • Industry Overview

  • Morning Note

]]> Shinsuke Iwasa 6758.T 7974.OS 9401.T 9404.T 9432.T 9433.T 9613.T 9697.T 9766.T 4676.T 4689.T 9602.T 9684.T 3626.T 9984.T 4704.T 9437.T 4716.T 9449.T 4739.T 4755.Q 9409.T 4817.Q 4324.T 4307.T 4751.T 3715.T 9427.T 2371.T 2389.Q 2413.T 2432.T 2433.T 2121.T http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uew17924|native|public|20091118102800 Wed, 18 Nov 2009 <![CDATA[DIRECTV Group "Raising PT on LEI transaction, buyback" (Buy) Hodulik]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82747|native|public Regions
  • Global

  • Americas

  • United States

  • North America


Sectors
  • Global Broadcasting

  • Global Consumer, Cyclical

  • Global Media

  • US Broadcasting

  • Americas Broadcasting

  • Americas Consumer, Cyclical

  • US Consumer, Cyclical

  • Americas Media

  • US Media

  • North American Broadcasting

  • North American Consumer, Cyclical

  • North American Media


Companies
  • DTV.O DIRECTV Group


Subjects
  • Company Update

  • Morning Note

]]> John C. Hodulik, CFA DTV.O http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82747|native|public|20091118075244 Wed, 18 Nov 2009 <![CDATA[First Read: ITV "ITV appoint heavyweight Chairman" (Neutral) Tang]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69897|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • British Broadcasting

  • European Broadcasting

  • Global Broadcasting

  • European Consumer, Cyclical

  • British Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • British Media

  • Global Media


Companies
  • ITV.L ITV


Subjects
  • Company Update

  • Morning Note

]]> Polo Tang ITV.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69897|native|public|20091118074159 Wed, 18 Nov 2009 <![CDATA[First Read: Pearson "AAP - school spending stable in September" (Buy) Reid]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69892|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • British Publishing

  • European Publishing

  • Global Publishing

  • European Consumer, Cyclical

  • British Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • British Media

  • Global Media


Companies
  • PSON.L Pearson


Subjects
  • Company Update

  • Morning Note

]]> Alastair Reid PSON.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69892|native|public|20091118060510 Wed, 18 Nov 2009 <![CDATA[First Read: Vivendi "Maroc announces share buyback" (Sell) Tang]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69890|native|public Regions
  • Europe Including UK

  • Europe Ex. UK

  • France

  • Global

  • UBSW EMEA


Sectors
  • French Broadcasting

  • European Broadcasting

  • European Ex. UK Broadcasting

  • Global Broadcasting

  • European Consumer, Cyclical

  • European Ex. UK Consumer, Cyclical

  • French Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • European Ex. UK Media

  • French Media

  • Global Media


Companies
  • VIV.PA Vivendi


Subjects
  • Company Update

  • Morning Note

]]> Polo Tang VIV.PA http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69890|native|public|20091118055831 Wed, 18 Nov 2009 <![CDATA[ITV "Updating estimates" (Neutral) Tang]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69862|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • British Broadcasting

  • European Broadcasting

  • Global Broadcasting

  • European Consumer, Cyclical

  • British Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • British Media

  • Global Media


Companies
  • ITV.L ITV


Subjects
  • Company Update

  • Morning Note

]]> Polo Tang ITV.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69862|native|public|20091118040026 Wed, 18 Nov 2009 <![CDATA[Informa "Looking to the future" (Buy) Reid]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69860|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • British Publishing

  • European Publishing

  • Global Publishing

  • European Consumer, Cyclical

  • British Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • British Media

  • Global Media


Companies
  • INF.L Informa


Subjects
  • Company Update

  • Morning Note

]]> Alastair Reid INF.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69860|native|public|20091118040014 Wed, 18 Nov 2009 <![CDATA[WPP "A top GETA " (Neutral) Reid]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69870|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • European Advertising

  • British Advertising

  • Global Advertising

  • European Consumer, Cyclical

  • British Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • British Media

  • Global Media


Companies
  • WPP.L WPP


Subjects
  • Company Update

  • Morning Note

]]> Alastair Reid WPP.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69870|native|public|20091117200505 Tue, 17 Nov 2009 <![CDATA[First Read: Informa "Story unchanged" (Buy) Reid]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69842|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • British Publishing

  • European Publishing

  • Global Publishing

  • European Consumer, Cyclical

  • British Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • British Media

  • Global Media


Companies
  • INF.L Informa


Subjects
  • Company Update

  • Morning Note

]]> Alastair Reid INF.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69842|native|public|20091117075509 Tue, 17 Nov 2009 <![CDATA[First Read: ITV "Super Sunday for viewing share" (Neutral) Tang]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69838|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • British Broadcasting

  • European Broadcasting

  • Global Broadcasting

  • European Consumer, Cyclical

  • British Consumer, Cyclical

  • Global Consumer, Cyclical

  • European Media

  • British Media

  • Global Media


Companies
  • ITV.L ITV


Subjects
  • Company Update

  • Morning Note

]]> Polo Tang ITV.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69838|native|public|20091117072859 Tue, 17 Nov 2009