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Stock Market & Financial Investment News

News Breaks
June 30, 2014
06:36 EDTGTN, FOXA, SSP, SBGI, CMCSA, DIS, CBSTV broadcasters still facing many streaming competitors, NY Times reports
After the Supreme Court ruled that Aereo's TV streaming service violates copyright laws, TV broadcasters still face an array of streaming competitors, The New York Times stated yesterday. One competitor, Simple.TV, sells customers an antenna and a $199 box that allows them to record programs on a hard drive, the newspaper stated. TV network owners include CBS (CBS), Disney (DIS), 21st Century Fox (FOXA), and Comcast (CMCSA). TV station owners include The E.W. Scripps Company (SSP) , Gray Television (GTN), and Sinclair Broadcast Group (SBGI).Reference Link
News For CBS;DIS;FOXA;CMCSA;SSP;GTN;SBGI From The Last 14 Days
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June 26, 2015
08:28 EDTDISDisney considers $1B Disneyland expansion in tax deal with Anaheim
The city of Anaheim, California said it is expected to consider an entertainment tax policy for the Disneyland Resort at its July 7 meeting as Walt Disney Parks and Resorts evaluates a significant investment in its existing operations in the Anaheim Resort. Disney is evaluating the addition of new attractions to drive attendance with a potential investment that could be valued at $1B. If Disney decides to move forward, it would have until December 31, 2024, to complete its investment under the proposed agreement. The expansion under consideration requires no City funding or bond financing. The resolution going before the Council extends a nearly 20-year agreement with Disney regarding entertainment tax policy.
June 25, 2015
15:07 EDTFOXABrian Sullivan named president of digital, Fox Networks Group
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09:08 EDTDISOn The Fly: Pre-market Movers
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08:28 EDTFOXAFox News Chairman and CEO Roger Ailes signs new multi-year contract
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June 24, 2015
19:53 EDTCMCSAComcast to offer EA games over cable box, DSLReports says
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16:20 EDTDISDisney plans semi-annual dividend, says raising dividend 15% annually
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14:51 EDTFOXASirius XM, Fox News announce partnership on new channel
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13:58 EDTCMCSA, FOXAChernin, NBCUniversal agree on two year deal, L.A. Times reports
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08:25 EDTCMCSA, DIS, CBSNetflix on pace to have larger audience than all networks, FBR says
FBR Capital analyst Barton Crockett says that while Netflix (NFLX) is not rated by Nielsen (NLSN), the 10B hours streamed in Q1 reported by the company are equivalent to having a 24-hour rating of 2.6, on par with Disney's (DIS) ABC and Comcast's (CMCSA) NBC. And while ratings at broadcasters are falling on average, Netflix is growing its ratings at a 40%-plus compound annual rate, Crockett tells investors this morning in a research note. At this pace, Netflix in a year will have a larger 24-hour audience than all broadcast networks, he contends. Regarding last night's 7-for-1 stock split announcement, Crockett says the move reflects management's confidence in the "durability of the recent stock surge." For perspective, three years ago Netflix shares were around $60. This morning they are trading up $18.69 to $699.88 in the pre-market. Crockett has an Outperform rating on the streaming service with a $900 price target.
07:43 EDTDISDisney not investing $250M to DraftKings, Re/code reports
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June 23, 2015
13:09 EDTCBS, CMCSA, DISHulu to sell Showtime premium package for subscribers
Hulu (DIS;NWSA;CMSA) will sell Showtime Networks' (CBS) Internet streaming service to subscribers in early July, reports Variety. Hulu will offer Showtime to its subscribers for $8.99 in addition to the $7.99 fee Hulu subscribers pay per month.Reference Link
June 22, 2015
15:23 EDTSSPGabelli raises stake in E.W. Scripps to 9.46% from 8.43%
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15:04 EDTCMCSAT-Mobile could abandon DISH for Comcast, Forbes contributor says
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13:19 EDTDISMarvel Entertainment wins patent dispute over Spider-Man toy, Variety says
The Supreme Court sided with Disney 's Marvel Entertainment in a case involving a patent on a toy owned by Stephen Kimble that shoots web from pressurized foam string, says Variety. The Court would not overrule precedent and ruled in favor of Marvel Entertainment that a patentee cannot continue to receive royalties for a patent after it expires, added Variety. Reference Link
10:00 EDTSSPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Akebia (AKBA) initiated with an Outperform at JMP Securities... Barracuda Networks (CUDA) initiated with a Buy at Summit Research... BioLineRx (BLRX) initiated with an Outperform at JMP Securities... Cabela's (CAB) initiated with an Outperform at Barrington... Chemours (CC) initiated with a Buy at Jefferies... Communications Sales & Leasing (CSAL) initiated with an Overweight at JPMorgan... E.W. Scripps (SSP) initiated with a Hold at Evercore ISI... EQT Corporation (EQT) reinstated with an Overweight at Barclays... EQT GP (EQGP) initiated with an Outperform at Credit Suisse... EQT Midstream Partners (EQM) initiated with a Buy at Deutsche Bank... Eagle Pharmaceuticals (EGRX) initiated with an Outperform at RBC Capital... Energen (EGN) initiated with a Buy at KLR Group... Ignyta (RXDX) initiated with an Overweight at Piper Jaffray... International Game (IGT) initiated with a Buy at BofA/Merrill... Leju (LEJU) initiated with an Overweight at Barclays... Micron (MU) initiated with an Outperform at Cowen... People's Utah Bancorp (PUB) initiated with a Buy at DA Davidson... SouFun (SFUN) initiated with an Overweight at Barclays... Turquoise Hill (TRQ) initiated with an Outperform at BMO Capital.
06:59 EDTCMCSAComcast, NBCUniversal using cross-promotional strategy, NY Times says
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06:22 EDTSSPE.W. Scripps initiated with a Hold at Evercore ISI
Target $25.
June 21, 2015
19:21 EDTFOXAFox rejects offers from Vodafone, Vivendi for Sky stake, Telegraph says
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17:57 EDTDIS, CMCSARealD says 3D screens accounted for 47% of weekend 'Jurassic World' gross
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16:21 EDTDIS, CMCSA, FOXAUniversal's 'Jurassic World' leads U.S. weekend box office with $102M
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