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Stock Market & Financial Investment News

News Breaks
July 14, 2014
08:05 EDTBONA, FOXABona Film chairman to acquire 21st Century Fox stake in Bona Film for $71.4M
Bona Film Group (BONA) announced an agreement between an affiliate of 21st Century Fox (FOXA) and Bona's founder, chairman and CEO, Yu Dong, for Yu to acquire 21st Century Fox's entire 19.3% interest, 6.05M ordinary shares, equal to 19.9% interest before dilution from ordinary shares issued in respect of options in Bona for $71.4M or $11.80 per share, or $5.90 per American Depository Share. An affiliate of 21st Century Fox acquired the ownership interest in Bona in May 2012. The sale, which is subject to customary closing conditions, has no effect on the five film co-productions between the 21st Century Fox and Bona, including Bride Wars, which began principal photography in June of this year, or on the pipeline.
News For BONA;FOXA From The Last 14 Days
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September 2, 2014
07:47 EDTFOXA21st Century Fox risk/reward positive, says Bernstein
Bernstein believes that 21st Century Fox's stock can climb 30% if the company meets its EBITDA target of $8.1B. If the company misses the target by $300M, the stock may only drop 3%, estimated the firm, which keeps a $46 price target and Outperform rating on the shares.
August 31, 2014
13:50 EDTFOXANomura to hold a conference
Digital Media Conference 2014 to be held in New York on September 3-4.
13:49 EDTBONANomura to hold a forum
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August 29, 2014
15:46 EDTFOXADisney jv A&E in talks for Vice Media stake after Time Warner backs out, FT says
A&E Networks, a joint venture owned by Disney (DIS) and Hearst Corporation, is nearing a deal to pay $250M for 10% stake in Vice Media after the digital media company and Time Warner (TWX) failed to come to terms on a deal, said Financial Times. 21st Century Fox (FOXA) already owns a 5% stake in Vice. Reference Link
13:15 EDTFOXATime Warner ends talks to buy Vice Media stake, NYT says
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August 28, 2014
17:07 EDTBONABona Film sees Q3 adjusted net income $7.5M-$8.0M, consensus 6c
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17:06 EDTBONABona Film reports Q2 adjusted EPS 5c, consensus 4c
Reports Q2 revenue $44.9M, consensus $44.1M.
August 26, 2014
09:35 EDTFOXANetflix files formal protest against Comcast merger, Engadget reports
Netflix (NFLX) has filed a petition to the FCC against the proposed merger between Comcast (CMCSA) and Time Warner Cable (TWC), as the streaming company has previously indicated it would, reported Engadget. Netflix claims the deal would result in "serious public interest harm" and that a merged cable giant would have huge leverage over it and rivals like Hulu, which is a joint venture owned by Comcast itself along with partners Disney (DIS) and 21st Century Fox (FOXA). Reference Link
August 25, 2014
14:51 EDTFOXAGray Television renews all Fox affiliation agreements
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