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Frederick's of Hollywood (FOH)

Frederick's of Hollywood 2nd Qtr Results

Frederick’s of Hollywood today announced financial results for its fiscal 2010 second quarter and six months ended January 23, 2010. Net sales decreased 21.3% to $41,321,000 from $52,516,000. Adjusted EBITDA was a loss of $2,617,000 compared to a profit of $1,278,000. Fiscal Six Months Ended January 23, 2010 Compared to Fiscal Six Months Ended January 24, 2009: Net sales decreased 17.4% to $78,529,000 from $95,081,000. Adjusted EBITDA was a loss of $4,950,000 compared to a loss of $1,662,000.
The recession is definitely taking its toll on lingerie, which definitely fits into the highly discretionary category.

Mar 9 · 11:28:00 AM · Source: Company Press Release
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by Rich Pike

Cablevision (CVC)

Cablevision and Disney Go To Arbitration Over ABC

Cablevision said it would agree to government calls for binding arbitration with ABC Disney in order to immediately return ABC to Cablevision customers. ABC Disney pulled ABC off Cablevision as negotiations continued on a new agreement, removing the channel from more than 3 million New York area homes. The channel was reinstated Sunday night in time for the Oscars.
Cablevision has been able to reach agreement with every other major broadcaster in New York, and has proposed to ABC Disney terms for ABC that are as good or better than the terms in all these agreements.

Mar 8 · 1:11:00 PM · Source: Reuters.com
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by Rich Pike

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