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Stock Market & Financial Investment News

News Breaks
September 19, 2012
07:39 EDTAMCX, CVC, DISHAMC Networks to face off against Dish over programming deal, Bloomberg reports
AMC Networks (AMCX) will take on Dish Network Corp. (DISH) in a $2.4B trial about a failed programming deal that may also determine whether the satellite network’s viewers will get to see AMC shows such as “Mad Men,” reports Bloomberg. Reference Link
News For AMCX;DISH;CVC From The Last 14 Days
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May 20, 2013
16:01 EDTDISHDISH offered $2B to purchase spectrum from LightSquared, Bloomberg says
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15:42 EDTDISHDISH offers $2B to LightSquared for spectrum, Bloomberg says
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May 16, 2013
19:11 EDTDISHDish sends letter to FCC over SoftBank, Sprint deal, Reuters says
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May 14, 2013
08:31 EDTDISHDISH announces $2.5B debt offering, to be used to partially fund Sprint bid
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07:40 EDTDISHSenate Commerce Committee to hold a hearing
The Subcommittee on Communications, Technology and the Internet holds a hearing on the state of video with President & CEO Smith of the National Association of Broadcasters, President & CEO Powell of the National Cable and Telecom Association and Stanton Dodge, Executive Vice President for DISH Network (DISH) on May 14 at 10:30 am. Webcast Link
05:44 EDTDISHBanks work deals from both sides of the field, WSJ reports
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May 13, 2013
08:24 EDTDISHSoftbank pressuring potential Dish investment banks, FT reports
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May 11, 2013
13:39 EDTDISHSoftbank says Dish-Sprint deal poor match, Bloomberg reports
The CEO of SoftBank (SFTBF) Masayoshi Son criticized the concept of Dish Network's (DISH) offer to buy Sprint Nextel (S), saying the satellite company would be a poor fit for a wireless carrier, while the synergies of a SoftBank-Sprint deal will result in significant cost savings. Reference Link
May 10, 2013
10:00 EDTCVCOn The Fly: Analyst Downgrade Summary
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07:09 EDTDISHDish gets Jefferies Group financing in Sprint bid, Bloomberg reports
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06:10 EDTDISHOn the Fly: Periodicals Wrap-Up
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05:50 EDTCVCCablevision downgraded to Neutral from Buy at Citigroup
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May 9, 2013
12:57 EDTDISHErgen says DISH could sell non-core assets if needs to decrease debt leverage
12:54 EDTDISHDISH Chairman says sale of spectrum or whole company options if Sprint bid fails
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12:44 EDTDISHDISH's Ergen: If Sprint bid unsuccesful, could sell spectrum or whole company
Comment made on Q1 earnings conference call.
10:48 EDTCVCCablevision CFO says no plan to cut dividend
Cablevision CFO Gregg Seibert said on the company's first quarter earnings conference call that the company's board shows "complete support" for continuing Cablevision's dividend at its current level. Seibert said the company pays about $40M a quarter in the form of a dividend and that the company "certainly did not earn that in the first quarter on a free cash flow basis." Seibert acknowledged going forward it's not clear the company will consistently earn that over the next few quarters, but from a liquidity standpoint the company's proceeds from its Bresnan transaction "should be in the neighborhood of $625M plus whatever working capital and cash is in the company at the time of closing." That liquidity and other sources gives the board "comfort" in regard to maintaining the dividend, according to the executive.
10:30 EDTDISH, CVCBill would pressure cable companies on a la carte channels, The Hill says
Republican Senator John McCain is writing a bill that would push cable TV and satellite companies to offer a la carte channel options to their customers, according to The Hill, which cited statements by the senator's office. McCain's bill would rpessure cable and satellite companies to enable consumers to choose which individual channels they want, the website explained. Reference Link
08:36 EDTAMCXAMC Networks reports Q1 EPS 85c, consensus 82c
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08:36 EDTCVCCablevision sees Q2 adjusted operating cash flow to be above Q1
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08:34 EDTCVCCablevision reports Q1 EPS (6c), consensus 5c
Reports Q1 revenue $1.52B, consensus $1.64B. Reports consolidated adjusted operating cash flow, or AOCF, decreased 26.9% to $343.4M.
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