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Stock Market & Financial Investment News

News Breaks
April 16, 2014
07:12 EDTBSYBY, DISCA, VIA, VIABBSkyB, Discovery make joint offer for Channel 5, Bloomberg says
British Sky Broadcasting Group (BSYBY) and Discovery (DISCA) have made a joint bid for U.K's Channel 5, while Viacom (VIA, VIAB) has also become involved in the sale process, according to Bloomberg, citing people familiar with the talks. A spokeswoman for Channel 5's owner, Northern & Shell, said the company is scheduled to evaluate the offers with advisers in the coming days. Reference Link
News For BSYBY;DISCA;VIA;VIAB From The Last 14 Days
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October 23, 2014
07:53 EDTVIAB, VIAAlibaba CEO ups Hollywood content pursuit with studio meetings, Bloomberg says
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October 20, 2014
09:31 EDTDISCARobinhood.org to hold conference
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06:34 EDTDISCAHasbro reports pre-tax charge due to restructuring of Hub Network
On September 25, Hasbro (HAS) and Discovery (DISCA) announced Hub Network would become Discovery Family Channel effective October 13, 2014. The network will broaden its programming focus to serve families in primetime and continue to showcase Hasbro Studios award-winning childrenís content in daytime. As a result of restructuring the Companyís investment in the Hub Network joint venture, the Company recorded a pre-tax charge of $11.6M, or 6c per diluted share, in the third quarter 2014. This net charge is primarily related to the costs associated with recording the fair value of a put/call option exercisable at the end of 2021 that the Company and Discovery entered into related to this transaction.
October 16, 2014
10:01 EDTVIABOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.
08:21 EDTVIABViacom oversold on affiliate fee and ad fears, says Goldman
Goldman lowered Viacom estimates on a lower ad outlook but believes shares are oversold on affiliate fee and advertising fears. The firm views valuation as compelling against all metrics and expects comps to moderate in Q4 and ratings declines to moderate with new original programing and the current TV season. Shares are Buy rated with a $82 price target. Note BofA/Merrill and Guggenheim downgraded Viacom this morning.
07:56 EDTVIABViacom downgraded at BofA/Merrill
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07:45 EDTVIABViacom downgraded at Guggenheim
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07:17 EDTVIABViacom downgraded to Neutral from Buy at Guggenheim
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06:32 EDTVIABViacom downgraded to Underperform from Neutral at BofA/Merrill
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October 13, 2014
06:46 EDTBSYBYBSkyB invests $500,000 in Pluto.TV, Variety reports
BSkyB is investing $500,000 in digital video startup Pluto.TV, Variety reports. Other investors in Pluto.TV include UTA CEO Jeremy Zimmer and Terry Semelís Windsor Media.Reference Link
October 10, 2014
08:05 EDTBSYBY21st Century Fox, Apollo Global agree to form content joint venture
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October 9, 2014
09:06 EDTDISCADiscovery obtains exclusive TV rights to Hasbro film
Discovery's (DISCA) Family Channel - formerly Hub Network - has obtained the exclusive broadcast rights to Hasbro's (HAS) animated film "My Little Pony Equestria Girls: Rainbow Rocks" to air on October 17.

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