New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 10, 2012
06:47 EDTBKS, TWX, CMCSA, SNE, LMCANOOK Video offering debuts in the U.K.
NOOK Media LLC, a subsidiary of Barnes & Noble (BKS) announced its NOOK Video offering of films and TV shows is available in the UK for NOOK HD and NOOK HD+ customers through new and expanded licensing partnerships with major studios and leading content providers including BBC Worldwide, HBO (TWX), NBCUniversal (CMCSA), Sony Pictures Home Entertainment (SNE), STARZ (LMCA), and Warner Bros. Entertainment. Barnes & Noble is also the first digital retailer to offer UltraViolet titles in the UK, bringing unmatched convenience and portability to customersí compatible digital video collections.
News For BKS;TWX;CMCSA;SNE;LMCA From The Last 14 Days
Check below for free stories on BKS;TWX;CMCSA;SNE;LMCA the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
August 6, 2014
16:39 EDTTWX21st Century Fox's Murdoch says decision on Time Warner is 'resolute'
Subscribe for More Information
15:54 EDTTWXTime Warner volatility flat after 21st Century Fox withdraws bid
Subscribe for More Information
13:41 EDTTWXEarnings Preview: Fox withdraws Time Warner offer prior to Q4 earnings
21st Century Fox (FOXA, FOX) is scheduled to report fourth quarter earnings after the market close on Wednesday, August 6, with a conference call scheduled for 4:30 pm ET. 21st Century Fox is a media company that operates the cable, broadcast, and film assets formerly bundled under the News Corp. (NWSA) umbrella. EXPECTATIONS: Analysts are looking for EPS of 38c on revenue of $7.99B, according to First Call. The consensus range for EPS is 36c-41c on revenue of $7.59B-$8.54B. LAST QUARTER: Fox reported third quarter adjusted EPS of 47c on revenue of $8.22B, which compared to estimates for earnings of 35c on revenue of $7.99B, respectively. Fox reported Q3 cable network revenue of $3.15B and filmed entertainment revenue of $2.28B. Fox reported that its Q3 television revenue was $1.59B. COMPANY NEWS: On June 10, Fox said in a filing that president and COO Chase Carey agreed to a two-year contract extension. On June 16, Both Time Warner (TWX) and Fox confirmed an earlier CNBC report that Time Warner rejected an $80B takeover offer from Fox. Time Warner said it turned down Fox's offer to acquire all of the outstanding shares of the company for a combination of 1.531 of Fox Class A non-voting common shares and $32.42 in cash per share. Time Warner added that its board is confident that continuing to execute its strategic plan will "create significantly more value for the company and its stockholders and is superior to any proposal that Fox is in a position to offer." 21st Century Fox also confirmed that it made a formal proposal to Time Warner, which was rejected, and added that the companies are not currently in any discussions. On August 5, however, Fox announced that it has withdrawn its proposal to acquire Time Warner. Chairman and CEO Rupert Murdoch commented: "We viewed a combination with Time Warner as a unique opportunity to bring together two great companies, each with celebrated content and brands. Our proposal had significant strategic merit and compelling financial rationale and our approach had always been friendly. However, Time Warner management and its Board refused to engage with us to explore an offer which was highly compelling. Additionally, the reaction in our share price since our proposal was made undervalues our stock and makes the transaction unattractive to Fox shareholders. These factors, coupled with our commitment to be both disciplined in our approach to the combination and focused on delivering value for the Fox shareholders, has led us to withdraw our offer." On July 25, Fox announced that it transferred Sky Italia and its 57.4% interest in Sky Deutschland to BSkyB to create a pan-European digital television leader through the combination of these assets. In exchange for the transfer, Fox will receive approximately $9.3B in value from BSkyB comprised of approximately $8.6B in cash and BSkyBís 21% interest in National Geographic Channels International, raising Foxís ownership stake to 73%. In addition, Fox participated in BSkyBís announced equity offering by purchasing approximately $900M of additional shares in BSkyB to maintain the companyís 39.1% ownership interest. The net, after-tax cash proceeds to be received by Fox upon completion of all the elements of this transaction approximated $7.2B. STREET RESEARCH: Wall Street research had been quiet on Fox during the quarter. On July 1, Goldman Sachs downgraded Fox to Buy from Conviction Buy after cutting its rating on the U.S. Entertainment sector to Neutral from Attractive. Right after the company confirmed its Time Warner takeover offer, ISI Group downgraded Fox to Buy from Strong Buy and removed shares from the Top Picks list following news of its buyout bid for the firm. Cowen downgraded Fox to Market Perform from Outperform on July 23. PRICE ACTION: Since the first day of trade following its Q3 report, shares of Fox are roughly unchanged. In afternoon trading ahead of its Q4 report, Fox is up more than 4.6%.
13:27 EDTTWXTime Warner upgraded to Outperform from Market Perform at Barrington
Barrington upgraded Time Warner (TWX) to Outperform citing the pullback in shares after Fox (FOXA) dropped its bid to acquire the company. Barrington has a $93 price target for shares. The firm downgraded Time Warner to Market Perform on July 16 due to valuation.
13:24 EDTTWXTime Warner upgraded to Outperform from Market Perform at Barrington
Subscribe for More Information
13:12 EDTCMCSAAT&T mulls buying CSN Houston, Bloomberg says
Subscribe for More Information
12:12 EDTTWXOn The Fly: Midday Wrap
Subscribe for More Information
11:42 EDTTWXTime Warner sinks after Fox withdraws takeover bid
Subscribe for More Information
11:24 EDTTWXTime Warner says 'not lacking anything we need'
Commenting on M&A plans, says "not lacking anything we need." Sees SVOD sales up double digits over next few years.
11:08 EDTTWXTime Warner sees FY programming costs up in the high single digits
Subscribe for More Information
10:40 EDTTWXTime Warner sees continued attractive growth in the years to come
Subscribe for More Information
10:00 EDTTWXOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:13 EDTTWXOn The Fly: Pre-market Movers
HIGHER: Fox class A shares (FOXA), up 5.9% after withdrawing proposal to acquire Time Warner (TWX), announcing $6B share repurchase program, reporting quarterly results... MannKind (MNKD), up 1.6% after entering a supply agreement with Amphastar Pharmaceuticals (AMPH)... Criteo (CRTO), up 11.5% after upgraded at Goldman following its better than expected Q2 earnings report. LOWER: Time Warner (TWX), down 13% after earnings, maintaining guidance, bid dropped by Fox... Sprint (S), down 16.5% after naming Marcelo Claure as president and CEO, reportedly dropping pursuit of T-Mobile (TMUS). T-Mobile shares also down 8.5%... Groupon (GRPN), down 18%, downgraded at Wunderlich after the company reported lower than expected Q3 results... Walgreen (WAG), down 15.7% after exercises option to acquire remaining 55% of Alliance Boots, says it will not pursue inversion as part of deal... Shire (SHPG), down 6% after Walgreen announced it would stay located in Chicago and Bloomberg last night reported that the Treasury Department is exploring ways to bypass Congress in an attempt to curb corporate inversions... Cytori Therapeutics (CYTX), down 33% after announcing that it has placed enrollment in the ATHENA and ATHENA II trials on clinical hold. UP AFTER EARNINGS: Enphase Energy (ENPH), up 20%... AOL (AOL), up 5%. DOWN AFTER EARNINGS: Nu Skin (NUS), down 8.5%... Rocket Fuel (FUEL), down 27%... Cognizant (CTSH), down 13%... First Solar (FSLR), down 2.5%... Globus Medical (GMED), down 17%.
07:14 EDTTWX21st Century Fox volatility expected to move on withdrawal of proposal
21st Century Fox (FOXA, FOX) volatility is expected to move after announcing that it has withdrawn its proposal to acquire Time Warner (TWX) and its board authorized a $6B share repurchase of an additional $6B of Class A Common Stock is expected to be completed in the next 12 months. Overall option implied volatility of 29 is above its 26-week average of 26 according to Track Data, suggesting large price movement.
07:11 EDTTWXTime Warner backs view of FY14 adjusted EPS growth in low teens percentage
Subscribe for More Information
07:06 EDTTWXTime Warner volatility expected to move after 21st Century Fox withdrew its bid
Subscribe for More Information
07:03 EDTTWXTime Warner says $6.5B remains available for share repurchases
Subscribe for More Information
07:01 EDTTWXTime Warner reports Q2 adjusted EPS 98c, consensus 84c
Subscribe for More Information
06:29 EDTTWXTime Warner downgraded to Sell from Hold at Topeka
Subscribe for More Information
05:41 EDTTWXFox unlikely to revisit Time Warner bid in near-term, says Jefferies
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use