News

USA on the Prowl?

1/20/2002 7:00 PM Eastern

Salomon Smith Barney Inc. cable analyst Niraj Gupta reiterated his "buy" rating on USA Networks Inc. and set a $33 12-month target price on the stock. The company's leadership in the online ticketing market and its strong cash position make it a candidate for further acquisitions, he said. In December, USA Networks agreed to sell the remaining interests in its cable programming networks to Vivendi Universal S.A. for about $11.7 billion. The remaining entity — USA Interactive Inc. — will have $2.4 billion in cash for acquisitions. In his report, Gupta said USA management is evaluating as many as 20 different acquisition opportunities.

April

2015 BCAP Cable Academy

Sheraton Harrisburg Hershey Hotel, 4650 Lindle Rd., Harrisburg, Pa. Contact: Suzette Welter, swelter@bcapa.com

May

Multicultural TV Breakfast Panel

Breakfast Panel Discussion at INTX 2015, McCormick Place, Chicago, Ill. For more information visit: multichannelevents.com/multiculturaltv