Consumer >> Sector Roundtables >> February 2, 2004
KIT SPRING spent six years as an equity research analyst at Morgan
Stanley in New York covering media and wireless companies prior to
Stifel Nicolaus. In 2000, he led an analyst team voted number one
covering wireless communications towers in the Greenwich institutional
investor poll. He was also a member of a team consistently ranked number
one covering radio and TV broadcasting in the Institutional Investor and
Greenwich polls. Prior to Morgan Stanley, he was a junior analyst
covering communications and basic materials at Neuberger & Berman, a
money management firm in New York. He holds a BA in Economics from Union
College in Schenectady, New York, and is a Chartered Financial Analyst. Profile
JAMES B. BOYLE covers the radio, TV and outdoor industries for Wachovia
Capital Markets, LLC, equity research department, as Managing Director
and Senior Vice President. He is frequently quoted in industry trade
publications and by the national business press, in addition to the
business networks. He came to Wachovia (formerly First Union) from
Alex. Brown, where he had covered the cable TV industry and related
fields. Previously, he worked for 14 years in the cable and radio
industries at companies such as the Cabletelevision Advertising Bureau,
Financial News Network and Eastman Radio. In addition, his family has
owned radio stations and a cable system, enabling him to directly
participate in those operations, a rarity among contemporary Wall Street
media analysts. Mr. Boyle received a Master's degree from Columbia
University (1980) and a Bachelor's degree from Tufts University.
James Marsh jr. is a Managing Director and Senior Research Analyst at SG
Cowen. His research focus is radio and television broadcasting, outdoor
advertising and publishing. Previously, Mr. Marsh covered the
broadcasting and outdoor advertising sectors at Robertson Stephens and
Prudential Securities. He also covered satellite radio companies at
Robertson Stephens and publishing stocks at Prudential Securities and
UBS Securities. Prior to that, he worked at Kidder, Peabody & Co. in its
asset management division. In 2001, he ranked third in earnings
forecasting for publishing stocks in The Wall Street Journal's 'Best on
the Street' analyst survey, and he ranked second in picking publishing
stocks in 2000. During 2000, he was also the third-ranked media and
entertainment analyst by corporations in Reuters' U.S. Mid to Smaller
Company Survey. He holds an MBA in Finance and International Business
from New York University and a BSBA in Accounting from John Carroll
University. He is a Chartered Financial Analyst as well as a Certified
Public Accountant. Profile
David Bank is a highly regarded Analyst at RBC Capital Markets who brings to our team many years of experience in equity research, high yield research and investment banking. He was named Best on the Street by The Wall Street Journal for the media sector in 2009, and has also received recognition as an earnings estimator in the annual StarMine rankings - number one in 2007, number three in 2009. Mr. Bank joined RBC Capital Markets in 2000 from ING Barings, where he was a Senior Member of the equity research division. Prior to that, he worked in the high yield research division at ING Barings, covering telecommunications and media companies. Before becoming a Research Analyst, Mr. Bank was an Investment Banker at both Furman Selz L.L.C. - later acquired by ING Barings - and Credit Suisse First Boston. Profile
TWST: David Bank, what of importance has occurred in the broadcastinggroup from a market perspective over the past year?
Mr. Bank: The past year, up until about six weeks ago, hasn't