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Stock Market & Financial Investment News

News Breaks
March 11, 2014
07:49 EDTCMLS, TWTC, DWRE, CVC, CBS, CTL, SFXE, AOL, EQIX, LYV, TRLA, ETM, EVC, FOXDeutsche Bank to hold a conference
22nd Annual Media, Internet & Telecom Conference is being held in Palm Beach, Florida on March 10-12 with webcasted company presentations to begin on March 11 at 7:50 am; not all company presentations may be webcasted. Webcast Link
News For CBS;FOX;EQIX;CVC;EVC;AOL;DWRE;ETM;SFXE;TWTC;TRLA;CTL;CMLS;LYV From The Last 14 Days
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July 29, 2015
16:15 EDTEQIXEquinix sees 2015 revenue $2.685B-$2.695B, consensus $2.66B
16:15 EDTEQIXEquinix sees Q3 revenue $681M-$685M, consensus $671.6M
16:14 EDTEQIXEquinix reports Q2 AFFO $3.89, consensus $3.41
Reports Q2 revenue $665.6M, consensus $657.64M.
08:20 EDTCTLCenturyLink to become voice service provider for Iowa Communications Network
CenturyLink's unified communications-as-a-service solutions have been added by Iowa Communications Network to its product portfolio. ICN is the State of Iowa government agency that operates a fiber optic broadband network for Iowa's government, healthcare, education and public safety sectors.
06:30 EDTAOLAOL: There are more TV ads now than ever, WSJ reports
AOL (AOL), currently owned by Verizon (VZ), said that there are more advertisements on television than ever, making it increasingly difficult for marketers to break through in an already cluttered arena, the Wall Street Journal reports. AOL said that the reported rate of TV ad impression growth is misleading, though TV networks are managing to push in more ads into half hour and hour long shows, the report says. Reference Link
July 28, 2015
07:33 EDTCTLCenturyLink secures endorsement deals wih Emmanuel Sanders and Cliff Avril
CenturyLink announced that it has secured an endorsement deal with Emmanuel Sanders, a wide receiver for the Denver Broncos. The one-year contract will position Sanders as the spokesperson for CenturyLink's marketing campaign in the Denver market that launches this fall. CenturyLink also secured an endorsement deal with Cliff Avril, a defensive end for the Seattle Seahawks. The one-year contract will position Avril as the spokesperson for CenturyLink's marketing campaign in the Seattle market that launches this fall.
07:23 EDTEQIXEquinix price target raised to $310 from $270 at RBC Capital
RBC Capital increased its price target on Equinix citing what it sees as strong results by other companies in its sector, the stabilization of forex trends in recent months., and potential savings from the company's TeleCity deal. RBC keeps an Outperform rating on Equinix.
July 27, 2015
11:06 EDTSFXESFX Entertainment announces end of 'go-shop' period
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10:00 EDTSFXEOn The Fly: Analyst Downgrade Summary
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07:45 EDTSFXESFX Entertainment downgraded on likelihood of decline in bid at Stifel
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06:16 EDTSFXESFX Entertainment downgraded to Hold from Buy at Stifel
06:09 EDTFOXFox Networks Group leads $300M funding round for DraftKings, WSJ reports
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July 24, 2015
15:06 EDTFOX, CBSEarnings Watch: TV networks report as streaming services gain ground
CBS (CBS), Time Warner (TWX), Viacom (VIA, VIAB), and 21st Century Fox (FOX, FOXA) are among TV network companies expected to report quarterly results over the next several weeks, with Comcast (CMCSA, CMCSK) already having reported before the open on July 23. EXPECTATIONS: Time Warner is expected to report EPS of $1.03 on revenue of $6.9B, CBS is expected to report EPS of 73c on revenue of $3.22B, Viacom is expected to report EPS of $1.47 on revenue of $3.22B, and 21st Century Fox is expected to report EPS of 37c on revenue of $6.48B. LAST QUARTER: CBS, Time Warner, and Fox all reported stronger than expected Q1 results, while Viacom reported higher than expected Q2 EPS but missed on revenue. THIS WEEK'S EARNINGS: On the morning of July 23, Comcast reported Q2 EPS of 84c in line with estimates, and revenue of $18.7B versus expectations for $18.14B. Cable customer relationships for the quarter were up 31,000 to 27.3M, driven by increases in double and triple product relationships. During a subsequent conference call, the company noted that TV viewership continues to be under pressure. NEWS: At Re/code's Code Conference on May 27, CBS CEO Leslie Moonves remarked that his network will "probably" sign up for Apple's (AAPL) rumored TV service, and on June 3, CBS announced that its Showtime network will be offered over the internet as a stand-alone streaming service launching in early July for a monthly price of $10.99, with Apple as its first partner. On July 1, Variety quoted sources as saying Viacom was attempting to entice advertisers by offering to construct social-media and digital extensions of traditional TV ad campaigns as the company seeks to move away from Nielsen-based advertising sales. On July 8, the Wall Street Journal reported that Viacom's Paramount Pictures reached an agreement with AMC (AMC) to accelerate the home release of movies, noting that the company hoped to implement the quickened schedule for all new releases beginning later in the year. On July 17, Re/code reported that Viacom held talks to acquire e-commerce and media company Thrillist Media, according to sources. On June 17, 21st Century Fox named James Murdoch as CEO, with founder and former chairman and CEO Rupert Murdoch appointed executive co-chairman alongside Lachlan Murdoch. The Telegraph reported on June 20 that Fox rejected offers for its stake in Sky (SKYAY) from Vodafone (VOD) and Vivendi (VIVHY), potentially signalling an interest in outright purchasing the rest of Sky, according to the report. More recently, the European Commission announced on July 23 that it delivered a statement of objections to Sky and various film studios owned by Comcast, Viacom, Fox, Time Warner, Disney (DIS), and Sony (SNE), discussing anti-trust concerns due to limitations on country-by-country availability of pay-TV services. STREET RESEARCH: On May 12, Pacific Crest said it believes Apple will launch its TV service before the end of the year, saying the move should benefit TV networks as well as Apple itself. On June 24, Brean Capital said Facebook's (FB) agreement with Time Warner to host premier episodes of certain upcoming shows was "a trend worth following," and possibly indicative of Facebook hosting additional TV content in the future. Also on June 24, FBR Capital contended that Netflix (NFLX) was on pace to have a larger 24-hour audience than all traditional broadcast networks, where ratings are seeing declines on average, according to the research firm. Those comments were followed by a July 10 note on Netflix from Morgan Stanley, saying the subscription streaming service was seeing higher time spent per day than any single broadcast network. Moving away from the Netflix factor, on July 10, JPMorgan said CBS shares looked "very attractive" following a recent selloff, though the company saw a downgrade on July 20 from Pivotal, which cited higher costs of capital among other factors. Finally, Citi upgraded Viacom on July 16 to Neutral, citing recent underperformance in the company's shares heading into earnings season.
11:50 EDTCVCCablevision Systems August volatility elevated into Q2 and outlook
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July 23, 2015
05:59 EDTFOXEU sends Statement of Objections to Sky, U.S. film studios
The European Commission has sent a Statement of Objections to Sky UK (SKYAY) and six major U.S. film studios: Disney (DIS), NBCUniversal (CMCSA), Paramount Pictures (VIA), Sony (SNE), Twentieth Century Fox (FOXA) and Warner Bros (TWX). The Commission takes the preliminary view that each of the six studios and Sky UK have bilaterally agreed to put in place contractual restrictions that prevent Sky UK from allowing EU consumers located elsewhere to access, via satellite or online, pay-TV services available in the UK and Ireland. Without these restrictions, Sky UK would be free to decide on commercial grounds whether to sell its pay-TV services to such consumers requesting access to its services, taking into account the regulatory framework including, as regards online pay-TV services, the relevant national copyright laws. If the Commission's preliminary position were to be confirmed, each of the companies would have breached EU competition rules prohibiting anti-competitive agreements. The sending of a Statement of Objections does not prejudge the outcome of the investigation. These antitrust investigations focus on contractual restrictions on passive sales outside the licensed territory in agreements between studios and broadcasters.
July 22, 2015
09:03 EDTCTLCenturyLink expands global data center presence in 1H15
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08:01 EDTSFXESFX Entertainment announces content distribution deal with Spotify
SFX Entertainment and music streaming service Spotify announced a content distribution deal involving music and video content from SFXs Beatport, including exclusive music releases previously available only on Beatport and programming from SFX festivals and events. The collaboration will bring Beatports brand and editorial voice to a unique program on Spotify, and marks the first partnership of its kind between Spotify and another music streaming service.
July 20, 2015
10:00 EDTCBSOn The Fly: Analyst Downgrade Summary
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09:19 EDTEQIXBofA/Merrill data center analyst holds an analyst/industry conference call
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07:04 EDTCBSCBS downgraded to Hold from Buy at Pivotal Research
Pivotal Research downgraded CBS to Hold based on higher costs of capital and valuation and lowered its price target to $58 from $70 on shares.
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