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Stock Market & Financial Investment News

News Breaks
June 10, 2014
10:41 EDTCMCSA, FOXA, TWX, DTV, SNI, VIAB, T, TWC, DISCA, AMCXAMC Networks seen as potential target for Viacom, Time Warner
A number of media companies may consider buying AMC Networks (AMCX), research firm Topeka wrote in a note to investors earlier today. AMC Networks owns and operates a number of cable TV channels, including its flagship, which broadcasts the popular "Walking Dead" show. WHAT'S NEW: A number of media companies may consider acquiring AMC, Topeka analyst David Miller theorized in a note to investors earlier today. The recent acquisitions of Time Warner Cable (TWC) and DirecTV (DTV), by Comcast (CMCSA) and AT&T (T) respectively, are likely to make media companies more interested in acquiring AMC, Miller believes. Those deals increase the bargaining power of content buyers and could create headaches for content suppliers if the latter fail to respond, according to Miller, who believes several content providers are considering responding by buying AMC. The most likely suitors for AMC are the largest media companies that are upbeat on the outlook for overseas growth, wrote the analyst. Miller noted that AMC last year bought Chellomedia, which, as of February 2013, developed content for channels that were distributed to more than 390M households in 138 countries. Viacom (VIAB), Time Warner (TWX), Discovery (DISCA), Scripps Networks (SNI), and Twenty-First Century Fox (FOXA) are the most likely suitors for AMC, the analyst indicated. All of those media companies operate cable channels as their core business and all of them have sought to grow by expanding overseas, according to Miller. The analyst kept an $87 price target and Buy rating on AMC Networks. PRICE ACTION: In mid-morning trading, AMC Networks shares were virtually unchanged at $60.70.
News For AMCX;VIAB;TWX;DISCA;SNI;FOXA;TWC;DTV;CMCSA;T From The Last 14 Days
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July 23, 2015
07:02 EDTCMCSAComcast reports Q2 EPS 84c, consensus 84c
Reports Q2 revenue $18.7B, consensus $18.14B. Consolidated Operating Cash Flow increased 8.0% to $6.3B. Excluding $79M of Time Warner Cable (TWC) and Charter (CHTR) transaction-related costs in the second quarter of 2015 and $44M in the second quarter of 2014, consolidated operating cash flow increased 8.5%
06:56 EDTTAmerica Movil downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded America Movil (AMX) to Underweight saying competition coming from AT&T (T) will drive Mexican margins lower. The firm cut its price target for shares to $17.50 from $20.50.
06:46 EDTTWXLeBron James forms production partnership with Warner Bros., WSJ says
NBA superstar LeBron James is forming a production partnership with Time Warner's Warner Bros. Entertainment that spans movies, television, and digital content, the Wall Street Journal reports. Warner Bros. will have a partnership with SpringHill Entertainment, the production company founded by James and business partner Maverick Carter in 2013, the report says. Under the terms of the agreement, Warner Bros. and SpringHill will co-produce and co-own all projects they do together, the report says. Reference Link
05:59 EDTFOXA, CMCSA, TWXEU sends Statement of Objections to Sky, U.S. film studios
The European Commission has sent a Statement of Objections to Sky UK (SKYAY) and six major U.S. film studios: Disney (DIS), NBCUniversal (CMCSA), Paramount Pictures (VIA), Sony (SNE), Twentieth Century Fox (FOXA) and Warner Bros (TWX). The Commission takes the preliminary view that each of the six studios and Sky UK have bilaterally agreed to put in place contractual restrictions that prevent Sky UK from allowing EU consumers located elsewhere to access, via satellite or online, pay-TV services available in the UK and Ireland. Without these restrictions, Sky UK would be free to decide on commercial grounds whether to sell its pay-TV services to such consumers requesting access to its services, taking into account the regulatory framework including, as regards online pay-TV services, the relevant national copyright laws. If the Commission's preliminary position were to be confirmed, each of the companies would have breached EU competition rules prohibiting anti-competitive agreements. The sending of a Statement of Objections does not prejudge the outcome of the investigation. These antitrust investigations focus on contractual restrictions on passive sales outside the licensed territory in agreements between studios and broadcasters.
July 22, 2015
23:09 EDTVIABFormer MTV executive joins YouTube as VP of originals, Variety says
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15:26 EDTCMCSANotable companies reporting before tomorrow's open
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15:16 EDTTFCC set to deny T-Mobile request for small carrier airwave help, Bloomberg says
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15:02 EDTTOptions Update; July 22, 2015
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12:38 EDTDISCADiscovery to acquire controlling stake in Eurosport from TF1
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12:27 EDTTWXTime Warner's HBO lands sports commentator Bill Simmons
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12:21 EDTTWXTime Warner's HBO announces multiyear deal with Bill Simmons
Bill Simmons left Disney's (DIS) ESPN earlier this year.
11:32 EDTTAT&T July weekly volatility elevated into Q2 and outlook
AT&T July weekly call option implied volatility is at 30, August is at 17, September is at 16; compared to its 52-week range of 12 to 44, suggesting large near term price movement into the expected release of Q2 results on July 23.
07:45 EDTCMCSAComcast July weekly volatility elevated into Q2 and outlook
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07:12 EDTVIABIMAX to adapt Vienna State Opera for new Mission: Impossible film premiere
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July 21, 2015
19:34 EDTDTV, TAT&T pleased with FCC order, sees closing DirecTV deal 'shortly' after approval
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18:54 EDTT, DTVAT&T announces Department of Justice completed review of acquisition of DirecTV
AT&T (T) released the following statement "We are pleased the Department of Justice has completed its review of our acquisition of DIRECTV (DTV). We look forward to gaining the approval of the Federal Communications Commission so we can quickly begin providing consumers with the benefits of this combination."
18:33 EDTT, DTVFCC chairman proposes to approve AT&T-DirecTV deal with conditions
In light of news reports concerning the proposed AT&T (T) and DirecTV (DTV) transaction, FCC chairman Tom Wheeler issued the following statement: "An order recommending that the AT&T-DirecTV transaction be approved with conditions has circulated to the commissioners... If the conditions are approved by my colleagues, 12.5M customer locations will have access to a competitive high-speed fiber connection. This additional build-out is about 10 times the size of AT&Tís current fiber-to-the-premise deployment... and more than triples the number of metropolitan areas AT&T has announced plans to serve. In addition, the conditions will build on the 'Open Internet Order' already in effect... First, in order to prevent discrimination against online video competition, AT&T will not be permitted to exclude affiliated video services and content from data caps on its fixed broadband connections. Second, in order to bring greater transparency to interconnection practices, the company will be required to submit all completed interconnection agreements to the Commission, along with regular reports on network performance... We will require an independent officer to help ensure compliance with these and other proposed conditions." Reference Link
18:24 EDTT, DTVFCC poised to approve AT&T acquisition of DirecTV, WSJ reports
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16:57 EDTT, DTVFCC poised to approve AT&T acquisition of DirecTV, DJ says
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16:19 EDTDISCADiscovery files automatic mixed securities shelf
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