Thursday, March 22, 2018

25 Largest US Cable & Other Pay TV Service Corps and TV Broadcasting Stations Corps Posted 4Q 2017 Total Net Income of $37.019 Bil, Up 256% From Their 4Q 2016 Total Net Income of $10.393 Bil ........................................................................................ But Their 4Q 2017 Total US Federal Income Tax Debt Forgiveness Granted Them Courtesy of the Trump Tax Cuts Act of $35.376 Bil Comprised a Huge 96% of Their Total 4Q 2017 Reported Net Income of $37.019 Bil ........................................................................................ In Other Words, These 25 Companies Made Only 4% of Their Total Reported 4Q 2017 Earnings On Their Own

From SEC filings, the chart below shows financial information related to the 24 publicly-held US Cable & Other Pay TV Service and TV Broadcasting Corps with stock market caps of at least $1 Bil each and also the 1 non-publicly-held Corp with a Book Value of Total Stockholders' Equity above $5 Bil.


Corp
Quarter
End
When    TTCA TTCA
Trump US GAAP US GAAP US Decline
US Cable & Other Pay TV Service Corps Tax Net Net Federal  in Value of
And TV Broadcasting Stations Corps Cuts Income Income Income Deferred
SEC SIC 4841 and 4833 Act (Loss) (Loss) Tax Income
Stock Market Cap At Least $1 Bil State TTCA Dec 17 Dec 16 Better Debt Tax
or Book Value of Stk Equity Above $5 Bil City Hqs HQs Signed Quarter Quarter (Worse) Forgiveness Assets
mils $ mils $ mils $ mils $ mils $
Comcast Philadelphia PA Dec 17          15,035            2,417          12,618          12,782
Charter Communications Stamford CT Dec 17            9,617               569            9,048            9,293
Walt Disney Burbank CA Dec 17            4,473            2,488            1,985            1,900
Liberty Broadband Englewood CO Dec 17            2,061                 45            2,016            2,816
Twenty-First Century Fox New York NY Dec 17            1,921               937               984            1,300
Liberty Media Englewood CO Dec 17            1,429               186            1,243               929
DISH Network Englewood CO Dec 17            1,401               368            1,033            1,200
Time Warner New York NY Dec 17            1,388               317            1,071               839
Viacom New York NY Dec 17               551               408               143               149
Sinclair Broadcast Group Hunt Valley MD Dec 17               445               123               322               272
Nexstar Media Group Irving TX Dec 17               380                 20               360               322
Tribune Media Chicago IL Dec 17               333                 71               262               256
Tegna Inc McLean VA Dec 17               303                 98               205               221
Gray Television Atlanta GA Dec 17               166                 36               130               146
MSG Networks New York NY Dec 17               156                 43               113               106
AMC Networks New York NY Dec 17               149                 19               130                 68
Cable One Phoenix AZ Dec 17               143                 24               119               113
Scripps Networks Interactive Knoxville TN Dec 17               116                 92                 24               (80)
CBS Corp New York NY Dec 17                 40               271             (231)               278
E.W. Scripps Cincinnati OH Dec 17                 11                 36               (25)                   4
Roku Saratoga CA Dec 17                   7                   3                   4                 -  
Altice USA Long Island City NY Dec 17             (169)             (394)               225            2,338
Liberty Latin America Denver CO Dec 17             (401)             (107)             (294)
Discovery Inc Silver Spring MD Dec 17          (1,137)               309          (1,446)                 44
Liberty Global plc * Denver CO Dec 17          (1,399)            2,014          (3,413)
                -  
Total all 25          37,019          10,393          26,626          35,376               (80)

* I couldn't find a disclosure of its 4Q 2017 Net Income (Loss) From Continuing Operations. Thus Liberty Global's above Net Income (Loss) Amounts also include Net Income (Loss) From its Discontinued Operations.