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Stock Market & Financial Investment News

News Breaks
February 26, 2013
08:42 EDTAMCX, DISH, CVCAMC says DISH affiliate fees from Oct. 21, 2012-end 2013 $31M below fair value
AMC Networks (AMCX) stated, "As previously disclosed, on May 20, 2012, DISH Network (DISH) terminated carriage of Sundance Channel and on July 1, 2012 DISH Network terminated carriage of AMC, IFC, and WE tv. We believe the termination was directly related to litigation between DISH Network and VOOM HD. On October 21, 2012, DISH Network and the Company entered into a settlement agreement resolving the litigation. Simultaneously with the execution of the settlement agreement, DISH Network entered into a long-term affiliation agreement with the Company that provided for the resumption of carriage of AMC, IFC, Sundance Channel and WE tv by no later than November 1, 2012. The temporary carriage termination had a material impact to AOCF and operating income for the three months and twelve months ended December 31, 2012." AMC said, based on its fair value assessment of the affiliation agreement, the affiliate fees payable by DISH Network to the company from the effective date of the affiliation agreement of October 21, 2012 through December 31, 2013 are below fair value by approximately $31M and the affiliate fees payable by DISH Network over the remaining terms of the affiliation agreement represent fair value. As a result, AMC recorded the $31M excess of the fair value of the affiliation agreement over the contractual affiliation fees as deferred revenue on October 21, 2012, of which approximately $5M was recognized as revenue during 2012 as the programming services were provided. The remaining $26M is included in deferred revenue in the December 31, 2012 consolidated balance sheet and will be recognized ratably over 2013 as the programming services are provided.The company also said, in connection with the VOOM HD settlement agreement, DISH paid $700M to an account for the benefit of Cablevision Systems Corporation (CVC) and AMC Networks. Pending a determination of the allocation of the settlement proceeds, $350M of the cash proceeds was distributed to each of Cablevision and AMC. AMC stated, "The final amount to be allocated to the Company is yet to be determined and may be significantly less than $350M."
News For AMCX;DISH;CVC From The Last 14 Days
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October 29, 2014
13:50 EDTCVCFCC chairman wants to give Internet video providers access to more content
FCC. Chairman Tom Wheeler yesterday proposed allowing Internet video providers to show some content previously available only on cable and broadcast TV. Internet video providers could offer "many different kinds of multichannel video packages designed for different tastes and preferences." Wheeler added. Netflix (NFLX) provides Internet video content, while Comcast (CMCSA) and Cablevision (CVC) provide cable TV services. Broadcast TV providers include CBS (CBS), Twenty-First Century Fox (FOXA), and Disney (DIS). Reference Link
10:00 EDTAMCXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Networks (AMCX) upgraded to Buy from Hold at ISI Group... Abbott (ABT) upgraded to Buy from Hold at Deutsche Bank... Ahold (AHONY) upgraded to Overweight from Neutral at JPMorgan... Alere (ALR) upgraded to Buy from Hold at Craig-Hallum... Ambev (ABEV) upgraded to Buy from Neutral at Goldman... Bayer (BAYRY) upgraded to Outperform from Market Perform at Bernstein... C.H. Robinson (CHRW) upgraded to Buy from Neutral at BofA/Merrill... Cliffs Natural (CLF) upgraded to Outperform from Neutral at Macquarie... HCC Insurance (HCC) upgraded at Raymond James... Hannon Armstrong (HASI) upgraded to Buy from Neutral at BofA/Merrill... Jamba (JMBA) upgraded to Outperform from Neutral at Wedbush... Midway Gold (MDW) upgraded to Speculative Buy from Hold at Canaccord... PG&E (PCG) upgraded to Buy from Hold at Deutsche Bank... RWE AG (RWEOY) upgraded to Neutral from Underweight at JPMorgan... Starwood (HOT) upgraded to Buy from Hold at Craig-Hallum... Total System (TSS) upgraded to Overweight from Equal Weight at Stephens.
09:53 EDTAMCXAMC Networks upgraded at ISI Group
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09:09 EDTAMCXAMC Networks upgraded to Buy from Hold at ISI Group
October 24, 2014
12:38 EDTDISHFCC delays incentive auction until early 2016
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October 23, 2014
17:39 EDTAMCXAMC Networks, BBC Worldwide enter long-term partnership
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07:25 EDTDISHCitigroup, others careful of Ergen amid possible T-Mobile offer, Bloomberg says
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October 21, 2014
09:55 EDTDISHBlackout not 'game changer' for Time Warner, DISH, says Wells Fargo
Wells Fargo believes the removal of several of Time Warner's (TWX) Turner channels from DISH's (DISH) line-up will not be a "game changer" for either company. Wells notes the majority of Time Warner's affiliate growth comes from TNT and TBS networks, and it does not expect the channel loss to impact DISH's subscriber trends. The firm expects the networks to come back to DISH "eventually."
05:05 EDTDISHDISH reports Turner removes channels after contract deadline
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October 20, 2014
13:40 EDTDISHOptions with increasing implied volatility
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05:59 EDTDISHStocks with implied volatility above IV index mean; DISH AMZN
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October 19, 2014
17:39 EDTDISHDish's AutoHop wins wins tentative ruling over Fox, Bloomberg says
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October 17, 2014
10:51 EDTDISHOptions with increasing implied volatility
Options with increasing implied volatility: COV DISH HLT QEP GREK BKW BYI LLY DTV TIBX
08:00 EDTCVCHBO may have fight with cable operators over OTT service price, Reuters says
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