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	<title><![CDATA[steve birenberg Resources | BNET]]></title>
	<link><![CDATA[http://resources.bnet.com/topic/steve+birenberg.html]]></link>
	<description><![CDATA[White papers, case studies, business articles, and blog posts relating to steve birenberg]]></description>
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		<title><![CDATA[Disney: Less than Meets the Eye]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F173381-disney-less-than-meets-the-eye%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   Disney DIS reported better than expected fourth quarter 2009 financial results. Benefiting from an extra week, the company reported adjusted EPS of 46 cents, easily beating consensus of 40 cents. Revenues also beat expectations handily, coming in at $9.69 billion against a consensus estimate of...]]></description>
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		<pubDate>Sun, 15 Nov 2009 03:08:27 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/media.html"><![CDATA[Media]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
		<category domain="http://resources.bnet.com/topic/the+walt+disney+co..html"><![CDATA[The Walt Disney Co.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">DIS</category>
		<category domain="tickers">DIS</category>
	</item>
	<item>
		<title><![CDATA[Disney to Wrap Up Media Earnings Season]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F172808-disney-to-wrap-up-media-earnings-season%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   Disney DIS wraps up September quarter earnings for media and communications companies when it reports after the close on Thursday. Analyst estimates call for EPs of 40 cents on revenue of $92.6 billion. If estimates are hit, revenues will be down about 2%, operating income...]]></description>
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		<pubDate>Wed, 11 Nov 2009 10:10:44 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/media.html"><![CDATA[Media]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
		<category domain="http://resources.bnet.com/topic/the+walt+disney+co..html"><![CDATA[The Walt Disney Co.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">DIS</category>
		<category domain="tickers">DIS</category>
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	<item>
		<title><![CDATA[CBS: Shows Upside, Maintains Guidance]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F172096-cbs-shows-upside-maintains-guidance%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   CBS reported modest upside to estimates in 3Q09 with most of the excess coming from the syndication business. However, it was still a strong quarter of improvement with the CBS Network returning to positive ad growth, dramatically lower ad revenue declines at the local TV...]]></description>
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		<pubDate>Sun, 08 Nov 2009 07:44:21 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/media.html"><![CDATA[Media]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
		<category domain="http://resources.bnet.com/topic/cbs+corp..html"><![CDATA[CBS Corp.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">CBS</category>
		<category domain="tickers">CBS</category>
	</item>
	<item>
		<title><![CDATA[Discovery Leads Advertising Recovery]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F172095-discovery-leads-advertising-recovery%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   Discovery Communications DISCA reported another good quarter, making it five in a row since the company went public in September 2009. The upside was not as big this quarter than prior quarters but that is due to factors beyond management control: higher expectations and analyst...]]></description>
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		<pubDate>Sun, 08 Nov 2009 07:40:55 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/media.html"><![CDATA[Media]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
	</item>
	<item>
		<title><![CDATA[DirecTV Comes Through with Free Cash Flow - Prior Worries Recede]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F172094-directv-comes-through-with-free-cash-flow-prior-worries-recede%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   When I first read the DirecTV DTV press release I was worried the stock would trade down. I saw the results as mixed with a few negatives offsetting plenty of positives. I sure was wrong. As the conference call see transcript here concluded, the stock...]]></description>
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		<pubDate>Sun, 08 Nov 2009 07:35:48 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/media.html"><![CDATA[Media]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
		<category domain="http://resources.bnet.com/topic/directv+group+inc..html"><![CDATA[DirecTV Group Inc.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">DTV</category>
		<category domain="tickers">DTV</category>
	</item>
	<item>
		<title><![CDATA[DirecTV Earnings Preview]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F170717-directv-earnings-preview%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   Northlake clients own DirecTV DTV through their position in Liberty Media Entertainment LMDIA. LMDIA owns 54% of DTV. DTV will acquire LMDIA prior to year end in a transaction that has already received all necessary government approvals. LMDIA shares will convert into DTV shares. LMDIA...]]></description>
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		<pubDate>Tue, 03 Nov 2009 12:50:23 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/media.html"><![CDATA[Media]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
		<category domain="http://resources.bnet.com/topic/directv+group+inc..html"><![CDATA[DirecTV Group Inc.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">DTV</category>
		<category domain="tickers">DTV</category>
	</item>
	<item>
		<title><![CDATA[Dreamworks Animation: Will DVDs Ruin an Otherwise Good Outlook?]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F169526-dreamworks-animation-will-dvds-ruin-an-otherwise-good-outlook%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   Analysts and investors are rightly looking ahead to 2010 when deciding how to invest in Dreamworks Animation DWA. The company has three films coming out next year including two originals and Shrek 4. 2009 is in the books and although Monsters vs. Aliens produced disappointing...]]></description>
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		<pubDate>Wed, 28 Oct 2009 10:02:05 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/media.html"><![CDATA[Media]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
		<category domain="http://resources.bnet.com/topic/dreamworks+skg.html"><![CDATA[DreamWorks SKG]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">DWA</category>
		<category domain="tickers">DWA</category>
	</item>
	<item>
		<title><![CDATA[CETV: Disappointing Investor Day; Still Significant Recovery Potential]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F168674-cetv-disappointing-investor-day-still-significant-recovery-potential%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   I attended Central European Media Enterprises' CETV Investor Day in Prague on October 15th. The stock is presently not widely held by Northlake clients but I continue to monitor it closely as I strongly believe that when advertising growth returns to Central and Eastern Europe,...]]></description>
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		<pubDate>Sun, 25 Oct 2009 04:01:47 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/media.html"><![CDATA[Media]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
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	<item>
		<title><![CDATA[Apple: Plenty of Upside Left]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F168671-apple-plenty-of-upside-left%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   I was on my to O'Hare airport last Monday when Apple AAPL reported its 4Q09 results. The conference call see transcript here occurred while I was in the air on my way to New York for business meetings. It was the first earnings conference call...]]></description>
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		<pubDate>Sun, 25 Oct 2009 03:56:13 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/hardware.html"><![CDATA[Hardware]]></category>
		<category domain="http://resources.bnet.com/topic/gadgets.html"><![CDATA[Gadgets]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
		<category domain="http://resources.bnet.com/topic/apple+inc..html"><![CDATA[Apple Inc.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">AAPL</category>
		<category domain="tickers">AAPL</category>
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		<title><![CDATA[Sticking with AT&T After Solid Earnings Report]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F168433-sticking-with-at-t-after-solid-earnings-report%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   Ahead of AT&T's T third quarter earnings report see earnings call transcript here I decided that I would either sell or hold Northlake's shares based on what was reported and what I heard on the conference call. Northlake clients have owned AT&T for almost a...]]></description>
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		<pubDate>Fri, 23 Oct 2009 12:55:18 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/telecom.html"><![CDATA[Telecom]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
		<category domain="http://resources.bnet.com/topic/at%2526t+corp..html"><![CDATA[AT&T Corp.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">T</category>
		<category domain="tickers">T</category>
	</item>
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		<title><![CDATA[Our September Model Still Favors Small Caps, Value]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F159905-our-september-model-still-favors-small-caps-value%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   There were no changes to Northlake's Market Cap and Style models for September. The signals remain small cap and value. As a result, all client positions in the Russell 2000 IWM and Russell 1000 Value IWD controlled by these models will remain in place until...]]></description>
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		<pubDate>Thu, 03 Sep 2009 03:43:31 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
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	<item>
		<title><![CDATA[Confident CBS Expects Strong Second Half Recovery]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F154813-confident-cbs-expects-strong-second-half-recovery%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   CBS reported 8 cents on revenue of $3.01 billion against consensus of 7 cents and $3.05 billion. EBITDA of $387 million was at the top of end expectations and includes about $20 million of what could be considered one-time charges. Most importantly to the outlook...]]></description>
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		<pubDate>Sat, 08 Aug 2009 10:20:32 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/media.html"><![CDATA[Media]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
		<category domain="http://resources.bnet.com/topic/cbs+corp..html"><![CDATA[CBS Corp.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">CBS</category>
		<category domain="tickers">CBS</category>
	</item>
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		<title><![CDATA[Discovery Communications: Another Positive Surprise]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F153825-discovery-communications-another-positive-surprise%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   Discovery Communications DISCA reported another positive surprise, making it three straight quarters. Revenue matched expectations but superb performance on costs allowed EBITDA to come at $381 million vs. analyst estimates ranging from $341 million to $356 million. EPS were in line after adjusting for one-time...]]></description>
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		<pubDate>Wed, 05 Aug 2009 12:41:43 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/media.html"><![CDATA[Media]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
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		<title><![CDATA[Disney Shows Stability, But No Improvement]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F153033-disney-shows-stability-but-no-improvement%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   Disney's DIS third-quarter 2009 report looked a lot like its second-quarter 2009 report. Trends remain weak but are not getting any worse. EPS beat by a penny while revenue fell slightly short of expectations. The revenue miss led to CNBC headlines and a post-report sell-off...]]></description>
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		<pubDate>Sat, 01 Aug 2009 10:03:13 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/media.html"><![CDATA[Media]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
		<category domain="http://resources.bnet.com/topic/the+walt+disney+co..html"><![CDATA[The Walt Disney Co.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">DIS</category>
		<category domain="tickers">DIS</category>
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		<title><![CDATA[Time Warner's Good Quarter Goes Unrewarded]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F152495-time-warner-s-good-quarter-goes-unrewarded%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   Time Warner TWX reported a good 3Q09, beating expectations on most key metrics see conference call transcript here. EPS of 45 cents exceeded the consensus estimate of 37 cents. Revenues of $6.81 billion fell slightly short of consensus for $6.97. EBITDA was down just 2%,...]]></description>
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		<pubDate>Thu, 30 Jul 2009 05:07:53 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/media.html"><![CDATA[Media]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
		<category domain="http://resources.bnet.com/topic/time+warner+inc..html"><![CDATA[Time Warner Inc.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">TWX</category>
		<category domain="tickers">TWX</category>
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		<title><![CDATA[Viacom: Overall, Q2 a Win]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F152013-viacom-overall-q2-a-win%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   Viacom VIA reported mixed 2Q09 results with adjusted EPS of 49 cents matching expectations on $3.3 billion in revenues, which were $200 million light of expectations. The revenue shortfall came from the Paramount movie studio and Rock Band which are less important aspects of the...]]></description>
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		<pubDate>Wed, 29 Jul 2009 12:32:04 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/media.html"><![CDATA[Media]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
		<category domain="http://resources.bnet.com/topic/via+technologies+inc..html"><![CDATA[VIA Technologies Inc.]]></category>
		<category domain="http://resources.bnet.com/topic/viacom+inc..html"><![CDATA[Viacom Inc.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">VIA</category>
		<category domain="http://rss.financialcontent.com/stocksymbol">VIA</category>
		<category domain="tickers">VIA,VIA</category>
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		<title><![CDATA[AT&T: Solid Results Should Sustain Improved Investor Sentiment]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F151048-at-t-solid-results-should-sustain-improved-investor-sentiment%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   In response to solid 2Q09 earnings, AT&T T shares are breaking out of a multi-month funk where they sharply lagged the market and peer Verizon VZ. The results were at the high end of expectations and contained no major negative surprises. The stage is set...]]></description>
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		<pubDate>Thu, 23 Jul 2009 11:33:57 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/telecom.html"><![CDATA[Telecom]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
		<category domain="http://resources.bnet.com/topic/at%2526t+corp..html"><![CDATA[AT&T Corp.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">T</category>
		<category domain="tickers">T</category>
	</item>
	<item>
		<title><![CDATA[Apple Scores Again]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F150480-apple-scores-again%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   Apple AAPL reported another great quarter with Mac and iPhone unit sales exceeding expectations and gross margins coming in well ahead of the most bullish estimate. The stock has come a long way and may stall after this morning's pop but I think over the...]]></description>
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		<pubDate>Wed, 22 Jul 2009 07:04:50 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/gadgets.html"><![CDATA[Gadgets]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
		<category domain="http://resources.bnet.com/topic/apple+inc..html"><![CDATA[Apple Inc.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">AAPL</category>
		<category domain="tickers">AAPL</category>
	</item>
	<item>
		<title><![CDATA[Ahead of Earnings, Barron's Boosts Media Stocks]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F150008-ahead-of-earnings-barron-s-boosts-media-stocks%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   Earnings season for media stocks begins in earnest next week but there is still news flow that is impacting the stocks.    Media stocks soared on Monday after leading last week's rally.  Monday's move was the result of a bullish cover story...]]></description>
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		<pubDate>Tue, 21 Jul 2009 12:47:05 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/media.html"><![CDATA[Media]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
		<category domain="http://resources.bnet.com/topic/cablevision+systems+corp..html"><![CDATA[Cablevision Systems Corp.]]></category>
		<category domain="http://resources.bnet.com/topic/the+walt+disney+co..html"><![CDATA[The Walt Disney Co.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">CVC</category>
		<category domain="http://rss.financialcontent.com/stocksymbol">DIS</category>
		<category domain="tickers">CVC,DIS</category>
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	<item>
		<title><![CDATA[Apple Earnings Preview - Guidance Commentary Is Key]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F150189-apple-earnings-preview-guidance-commentary-is-key%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Steve Birenberg submits:   My friend and RealMoney.com colleague, Jordan Kahn, wrote the following preview of Apple's AAPL June quarter earnings which are due to be reported after the close tonight. Please check out Jordan's blog "In The Money" for more of his always excellent commentary.   ...]]></description>
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		<pubDate>Tue, 21 Jul 2009 10:21:27 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/hardware.html"><![CDATA[Hardware]]></category>
		<category domain="http://resources.bnet.com/topic/gadgets.html"><![CDATA[Gadgets]]></category>
		<category domain="http://resources.bnet.com/topic/steve+birenberg.html"><![CDATA[Steve Birenberg]]></category>
		<category domain="http://resources.bnet.com/topic/apple+inc..html"><![CDATA[Apple Inc.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">AAPL</category>
		<category domain="tickers">AAPL</category>
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