Media and Advertising Companies Announce Financial Results, Advertising Exchanges, Investments, Dividends and Acquisitions -

   Media and Advertising Companies Announce Financial Results, Advertising
   Exchanges, Investments, Dividends and Acquisitions - Research Report on
                Pandora, News, Grupo Televisa, IPG, and Lamar

Editor Note: For more information about this release, please scroll to bottom

PR Newswire

NEW YORK, August 27, 2013

NEW YORK, August 27, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Pandora
Media, Inc. (NYSE: P), News Corp. (NASDAQ: NWSA), Grupo Televisa, S.A.B.
(NYSE: TV), The Interpublic Group of Companies, Inc. (NYSE: IPG), and Lamar
Advertising Co. (NASDAQ: LAMR). Today's readers may access these reports free
of charge - including full price targets, industry analysis and analyst
ratings - via the links below.

Pandora Media, Inc. Research Report

On August 22, 2013, Pandora Media, Inc. (Pandora) reported its financial
results for Q2 FY 2014 (period ended July 31, 2013). Revenue increased 55.4%
YoY to $157.4 million. Net loss was $7.8 million or $0.04 per diluted share,
compared to $5.4 million or $0.03 per diluted share in Q2 FY 2013. Commenting
on the results, Chairman and CEO of Pandora, Joe Kennedy said, "Our second
fiscal quarter was an important inflection point in Pandora's history. Strong
momentum in our mobile business, with non-GAAP total mobile revenue growing
92% year-over-year to $116 million, clearly demonstrates the leverage in
Pandora's business model. To drive future growth, we are accelerating
investment in new technologies, channels and capabilities that maximize the
value Pandora delivers." For Q3 FY 2014, the Company expects its non-GAAP
diluted EPS is to be within the range of $0.03 and $0.06. The Full Research
Report on Pandora Media, Inc. - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/b421_P]

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News Corp. Research Report

On August 21, 2013, News Corp. announced that it intends to launch a global
programmatic advertising exchange that would allow marketers to collectively
leverage the Company's leading online and mobile products and rich first-party
data for programmatic buying and real-time bidding. The Company stated that
News Corp properties will discontinue any remaining arrangements with
third-party ad networks. The Company also stated that the News Corp Global
Exchange, which will roll out over the coming weeks, comprises more than 50
leading web sites and mobile products, reaching millions of highly engaged
subscribers and users worldwide via WSJ.com, TheTimes.co.uk, NYPost.com,
TheAustralian.com.au, News.com.au, MarketWatch.com, TheSun.co.uk and more. The
Company stated that in order to support the private exchange, it will be
working with The Rubicon Project as its global sell-side platform. The Full
Research Report on News Corp. - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/0e59_NWSA]

--

Grupo Televisa, S.A.B. Research Report

On August 1, 2013, Grupo Televisa, S.A.B. (Televisa) announced that it intends
to invest Ps.7.0 billion in convertible debt instruments which, subject to
regulatory approvals, will enable Televisa to acquire 95% of the equity
interest of Tenedora Ares, S.A.P.I. de C.V. (Ares), owner of 51% of the equity
interest of Grupo Cable TV, S.A. de C.V. (Cablecom). In addition, the Company
stated that Ares will have an option to acquire in the future, subject to
regulatory approvals, the balance 49% of the equity interest of Cablecom at a
value of approximately 9.3 times EBITDA of the 12-month period preceding the
closing of such acquisition. Televisa also informed that as part of this
transaction, the Company also invested approximately Ps.2.5 billion in a debt
instrument issued by Ares. The Full Research Report on Grupo Televisa, S.A.B.
- including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/22d9_TV]

--

The Interpublic Group of Companies, Inc. Research Report

On August 14, 2013, The Interpublic Group of Companies, Inc. (IPG) announced
that its Board of Directors have approved a quarterly dividend on IPG common
stock of $0.08 per share, payable on September 17, 2013 to holders of record
at the close of business on September 3, 2013. The Full Research Report on The
Interpublic Group of Companies, Inc. - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at: [http://www.analystscorner.com/r/full_research_report/94ea_IPG]

--  

Lamar Advertising Co. Research Report

On August 19, 2013, Lamar Advertising Co. (Lamar) announced that the Company
is filling in some blank spots in its national billboard network by acquiring
a number of smaller billboard companies, including substantial acquisitions in
California and the Southwest, as stated by Company executives during its Q2
2013 earnings conference call. According to Company, the "in-fill"
acquisitions, with a price tag totaling $24 million, include local companies
like Empire Outdoor, which owns hundreds of roadside billboards in Riverside,
San Bernardino, and San Diego counties, as well as in the L.A. metro area and
the Inland Empire region, extending to the Nevada and Arizona borders. During
the call, Lamar also reported that Q2 2013 total revenues increased 6.5% YoY
to $324.7 million. The increase was primarily due to a 5.9% YoY increase in
billboard net revenues, 10.6% YoY increase in logo revenue and a 12.7% YoY
increase in transit revenue. Lamar also informed that its leadership continues
to consider transforming the Company into a Real Estate Investment Trust for
tax purposes while competitor CBS Outdoor is in the midst of transitioning to
an REIT. The Full Research Report on Lamar Advertising Co. - including full
detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.analystscorner.com/r/full_research_report/df64_LAMR]

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