Structural Shifts Continue Across The U.S. Media & Entertainment Landscape Mar 12

  • ID: 2083710
  • March 2012
  • Region: United States
  • Standard & Poors
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  • Advanstar Inc.
  • Cinemark Holdings Inc.
  • Getty Images Inc.
  • Liberty Interactive Corp.
  • Omnicom Group Inc.
  • Sirius XM Radio Inc.
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As important as economic trends and managements' financial policies are to U.S. media and entertainment companies' credit profiles, the effects of industry structural trends are at least as powerful, albeit longer-term, influences. Fragmentation of audiences and content heightened competition even before the advent of the Internet. Now, wider Internet usage, particularly with broadband service becoming ubiquitous, has propelled the next wave of fragmentation and, with it, media rate deflation. We think that the rapidly evolving ways in which consumers and businesses use the Internet suggest a faster pace of change for traditional media than in the pre-Internet 1980s and early 1990s. We have ranked the media and entertainment subsectors we follow, plus the related cable-TV and satellite direct-to-home sectors, in...

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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- Comcast Corp.
- R.R. Donnelley & Sons Co.
- TEGNA Inc.
- Graham Holdings Co.
- Cox Enterprises Inc.
- Belo Corp.
- Twenty-First Century Fox Inc.
- Carmike Cinemas Inc.
- CBS Corp.
- Scholastic Corp.
- Omnicom Group Inc.
- Interactive Data Corp.
- Deluxe Corp.
- Cablevision Systems Corp.
- Sinclair Broadcast Group Inc.
- RentPath Inc.
- ManpowerGroup Inc.
- Allbritton Communications Co.
- Lamar Media Corp.
- DISH Network Corp.
- Spanish Broadcasting System Inc.
- Valassis Communications Inc.
- The New York Times Co.
- The Walt Disney Co.
- Gray Television Inc.
- Iron Mountain Inc.
- LodgeNet Interactive Corp.
- Reader's Digest Assn. Inc.
- GCI Inc.
- Salem Media Group Inc.
- Cenveo Inc.
- The McClatchy Co.
- GateHouse Media Operating Inc.
- Live Nation Entertainment Inc.
- IAC/InterActiveCorp.
- Mediacom Communications Corp.
- Getty Images Inc.
- Infogroup Inc.
- Radio One Inc.
- Sirius XM Radio Inc.
- American Media Inc.
- Nexstar Broadcasting Group Inc.
- Liberty Interactive Corp.
- The Nielsen Co. B.V.
- The Priceline Group Inc.
- FTI Consulting Inc.
- Merrill Corp.
- Entercom Communications Corp.
- Interpublic Group of Cos. Inc.
- Metro-Goldwyn-Mayer Inc.
- Sabre Holdings Corp.
- Entravision Communications Corp.
- Charter Communications Inc.
- Time Warner Inc.
- Insight Communications Co. Inc.
- MGOC Inc.
- NextMedia Operating Inc.
- Univision Communications Inc.
- The Sheridan Group Inc.
- American Achievement Corp.
- Block Communications Inc.
- Regal Entertainment Group
- LBI Media Inc.
- Dex One Corp.
- Knowledge Universe Education LLC
- Playboy Enterprises Inc.
- Educate Inc.
- Crown Media Holdings Inc.
- Visant Holding Corp.
- Time Warner Cable Inc.
- Atlantic Broadband Finance LLC
- Knology Inc.
- Warner Music Group Corp.
- Vertrue LLC
- LIN TV Corp.
- Harland Clarke Holdings Corp.
- SGS International Inc.
- Deluxe Entertainment Services Group Inc.
- Viacom Inc.
- WideOpenWest Finance LLC
- Education Management LLC
- Barrington Broadcasting LLC
- Expedia Inc.
- AlixPartners LLP
- West Corp.
- MediMedia USA Inc.
- Penton Business Media Holdings Inc.
- Affinion Group Holdings Inc.
- National CineMedia Inc.
- Local TV LLC
- Bonten Media Group Inc.
- Advanstar Inc.
- Cinemark Holdings Inc.
- Catalina Marketing Corp.
- Cengage Learning Holdings II Inc.
- AMC Entertainment Holdings Inc.
- Orbitz Worldwide Inc.
- Laureate Education Inc.
- Prometric Inc.
- Moody's Corp.
- MCNA Cable Holdings LLC
- ProQuest LLC
- Rovi Corp.
- Newport Television Holdings LLC
- Scripps Networks Interactive Inc.
- Bright Horizons Capital Corp.
- HSN Inc.
- FoxCo Acquisition LLC
- TWCC Holding Corp.
- iHeartMedia Inc.
- Wallace Theater Holdings Inc.
- Netflix Inc.
- Discovery Communications Inc.
- Lions Gate Entertainment Corp.
- MDC Partners Inc.
- Cequel Communications Holdings I LLC
- Language Line Holdings LLC
- ATI Acquisition Co.
- SuperMedia Inc.
- Quad/Graphics Inc.
- RCN Telecom Services LLC
- AutoTrader.com Inc.
- dcp LLC
- Midcontinent Communications
- Bankrate Inc.
- Insight Global Inc.
- FriendFinder Networks Inc.
- ARC Document Solutions Inc.
- Ascend Learning LLC
- National Amusements Inc.
- Cambium Learning Group Inc.
- NexTag Inc.
- Summit Entertainment LLC
- Harron Communications L.P.
- Hubbard Radio LLC
- Production Resource Group Inc.
- Information Resources Inc.
- AMC Networks Inc.
- Cumulus Media Holdings Inc.
- Ipreo Holdings LLC
- Digital Generation Inc.
- Meritas Schools Holdings LLC
- SNL Financial LC
- Go Daddy Operating Co. LLC
- Web.com Group Inc.

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