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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 30, 2014
10:02 EDTDISCAOn The Fly: Analyst Downgrade Summary
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08:34 EDTDISCADiscovery downgraded at Nomura
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08:26 EDTDISCADiscovery downgraded to Neutral from Buy at Nomura
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October 29, 2014
09:04 EDTVIABViacom negative sentiment has created buying opportunity, says Sterne Agee
Sterne Agee says that Viacom's multiple has reached all-time lows, due to negative sentiment based on ratings declines. The firm thinks the multiple is unlikely to decline further, and it says the stock outperformed significantly following similar situations in 2009 and 2012. The firm keeps an $80 price target and Buy rating on the shares.
October 23, 2014
07:53 EDTVIA, VIABAlibaba 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 children’s content in daytime. As a result of restructuring the Company’s 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.

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