HearstArgyle Television Inc.  (HTV) Trade Now »     Rate HTV  -  Discuss HTV  -  Add to Watch List        

• Hearst Corporation announced today that it has increased the price per share that it will offer to pay for all of the outstanding shares of Series A Common Stock of Hearst-Argyle Television, Inc. (NYSE: HTV) not already owned by Hearst from $4.00 to $4.50 in cash per share. The increased offer price represents a 12.5% increase over the original proposed offer price of $4.00 per share, a premium of approximately 115% over the closing price of the shares on March 24, 2009, the last full trading day prior to the first public announcement of Hearst's proposed offer, and a

This week and next week's earnings reports. Subject to change; check each company's investor relations Web site for the latest. All times ET.

Monday, Feb. 23

• None

Tuesday, Feb. 24

• Marvel Entertainment (MVL) (9:00 AM)
• Office Depot (ODP) (9:00 AM)
• Orbitz (OWW) (10:00 AM)
  
• Thomson Reuters (TRI) (Before bell)
• DreamWorks (DWA) (After bell)
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Wednesday, Feb. 25

• Hearst-Argyle Television (HTV) (9:30 AM)
  
• Martha Stewart Living (MSO) (11:00 AM)
• Liberty Media Holding (LINTA) (12:00 PM)
• Washington Post Co. (WPO) (4:30 PM)
• Salesforce.com (CRM) (5:00 PM)

Thursday, Feb. 26

This week and next week's earnings reports. Subject to change; check each company's investor relations Web site for the latest. All times ET.

Monday, Feb. 16

• Presidents Day Holiday
  

Tuesday, Feb. 17

• None
  

Wednesday, Feb. 18

• Comcast (CMCSA) (8:30 AM)
• CBS Corporation (CBS) (4:30 PM)
• Hewlett-Packard (HPQ) (5:00 PM)
• Playboy Enterprises (PLA) (TBA)

Thursday, Feb. 19

• Expedia (EXPE) (11:00 AM)
  
• Answers Corp (ANSW) (8:30 AM)
• Sprint Nextel Corporation (S) (8:00 AM)
• Scripps (SSP) (9:00 AM)
• Rackspace (RAX) (4:30 PM)
  
• TheStreet.com (TSCM) (4:30 PM)
• WebMD (WBMD) (4:45 PM)
• United Online (UNTD) (5:00 PM)

As we learned from CBS yesterday, local TV is getting hammered by the ad slowdown. More evidence: Hearst-Argyle TV (HTV), one of the largest independent owners of network-affiliated stations, missed Q2 estimates for revenue and EPS. Total revenue for the quarter was down 5.6% to $182 million compared to $149 million on year ago. EPS came in at 15 cents a share. Analysts had been looking for $190 million revenue and 20 cents, but only three analysts bothered to do a forecast for the company.