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Stock Market & Financial Investment News

News Breaks
February 25, 2013
12:59 EDTBT, DISBT Group shares lower after acquiring ESPN's UK and Ireland TV business
BT Group (BT) and ESPN (DIS) announced earlier today that BT Group will acquire ESPN’s UK and Ireland TV channels business. These primarily comprise the ESPN and ESPN America channels and their live sports rights portfolio, including the FA Cup, Clydesdale Bank Scottish Premier League, UEFA Europa League, and the German Bundesliga. The transaction is expected to complete on July 31, after which BT will continue to operate at least one ESPN-branded channel which is expected to form part of the BT Sport TV package that will be launched by BT this summer. U.S.-listed shares of BT Group are down $1.51, or 3.56%, to $40.92 in early afternoon trading.
News For BT;DIS From The Last 14 Days
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January 21, 2015
12:54 EDTBTDiscovery to bid for rights to screen English Premier League, Bloomberg reports
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11:01 EDTBTTelefonica considered selling stake to Qataris to cut debt, Bloomberg reports
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08:39 EDTDISDisney reports five employees affected by California measles outbreak, AP says
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08:20 EDTBTBT, Deutsche Telekom said to be in talks on partnerships, Reuters reports
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06:17 EDTDISOverstock to introduce streaming-video service later this year, WSJ reports
Overstock.com (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
January 20, 2015
17:46 EDTDISNetflix says 'looking good' to reach 60M-90M U.S. subscriptions
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14:00 EDTDISFCC fines Viacom, ESPN $1.4M after brodcasting EAS tones to promote movie
The Federal Communications Commission fined Viacom (VIA) and ESPN (DIS) $1.4M for misusing the Emergency Alert System warning tones. The cable networks transmitted EAS warning tones for several days in 2013 to promote the movie “Olympus Has Fallen,” which portrayed a terrorist attack on Washington, D.C. Broadcast or transmission of these tones outside an emergency or test violates the FCC’s laws protecting the integrity of the system. The networks admitted that the commercial contained actual EAS codes and appeared multiple times on the networks. In March 2014, the FCC proposed a total fine of $1,930,000 against NBCUniversal (CMCSA), ESPN, and Viacom. NBCUniversal paid its $530,000 fine, but ESPN and Viacom objected and requested reductions. The FCC rejected their arguments and imposed fines of $1,120,000 against Viacom and $280,000 against ESPN. The fines, which differ based on several factors including the number of channels involved and the number of transmissions on each channel, must be paid in 30 days.
January 15, 2015
12:06 EDTBTBT Group upgraded to Buy from Hold at Societe Generale
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January 13, 2015
14:04 EDTDISCalifornia connects 26 measles cases to Disneyland, Reuters says
Health officials in California have confirmed additional cases of measles in people who attended Disneyland (DIS) last month, increasing the number of people infected to 26, Reuters reports. Reference Link
11:58 EDTDISESPN sets cable ratings record for college championship game, Variety says
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