New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 28, 2014
08:37 EDTCETV, TWXCentral European Media to receive Time Warner financing to refinance notes
Central European Media Enterprises (CETV) announced that, to finance the redemption of its EUR 272,972,000 aggregate principal amount of 11.625% senior notes due 2016 and to provide additional liquidity, CME has entered into agreements with Time Warner (TWX) and one of its affiliates and filed a rights offering registration statement. In connection with the rights offering, CME shareholders holding Class A Common Stock and Preferred Stock will receive non-transferrable rights to purchase in the aggregate 3,391,403 units at a subscription price of $100.00 per unit. Shareholders will receive one right per 62.5 shares of Class A Common Stock held as of a record date to be determined at a later date and subsequently announced. Only shareholders holding 62.5 or more shares of Class A Common Stock on the record date will satisfy the minimum subscription threshold and be eligible to participate in the rights offering. Each unit will consist of a 15.0% Senior Secured Note due 2017 in the original principal amount of $100.00 and 21.167376 unit warrants. Each unit warrant will entitle the warrant holder to purchase one share of CME's Class A Common Stock at an exercise price of $1.00 per share. Time Warner has agreed to purchase all units in the rights offering not subscribed for by other shareholders. In addition, Time Warner will purchase 576,968 units from CME in a separate private placement transaction to close contemporaneously with the rights offering. In connection with the foregoing, CME will issue a warrant to Time Warner to purchase 30 million shares of Class A Common Stock at an exercise price of $1.00 per share. The Company expects to raise gross proceeds from the rights offering and the purchase of units by Time Warner of approximately $396.8M, which is equal to the amount of principal and early redemption premium payable to redeem the 2016 Notes at February 21 exchange rates. In addition, CME will issue 84M unit warrants in the rights offering and the Time Warner private placement.
News For CETV;TWX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 30, 2014
06:28 EDTTWXAs DreamWorks talks slow, Softbank mulls Legendary, Hollywood Reporter says
Even though Softbank (SFTBF) has slowed its deal discussions with DreamWorks Animation (DWA), it is looking to make an investment in Thomas Tull's Legendary Pictures studio, according to the Hollywood Reporter, citing sources. The sources said that the Japanese company has been talking with Legendary for several weeks. Legendary has co-financed films with Time Warner's (TWX) Warner Bros Entertainment. Reference Link
06:25 EDTTWXFCC asks media companies for Comcast contract details, WSJ reports
The FCC is pushing for media companies to submit details of their programming agreements with Comcast (CMCSA) ahead of the company's merger with Time Warner Cable (TWC), reports the Wall Street Journal. Citing a person familiar with the matter, the FCC believes the documents contain information that would be relevant in its review. Officials from media companies including CBS (CBS), 21st Century Fox (FOXA), Disney (DIS), Discovery (DISCA), Time Warner (TWX) and Viacom (VIA;VIAB) met with FCC staff earlier this month to voice concerns about releasing highly confidential materials. Reference Link
September 25, 2014
17:50 EDTTWXCompanies receive U.S. information requests on Comcast-TWC deal, Bloomberg says
Subscribe for More Information
September 24, 2014
06:59 EDTTWXCNN look to debut more original series in primetime this fall, Variety reports
Time Warner's CNN plans to place a greater emphasis on original series in primetime, anticipating 12 original series in 2015, reports Variety. In a Tuesday lunch meeting with journalists, CNN Worldwide President said the original series is “the source of a lot of conversation at CNN. We have had a lot of success in this area... There are a number of people internally who think we should push more into this arena.” Reference Link
September 23, 2014
08:40 EDTTWXTime Warner defends HBO strategy amid Wall Street speculation, LA Times reports
Subscribe for More Information
September 22, 2014
06:44 EDTTWX'The Maze Runner' leads weekend box office sales with $32.5M, WSJ reports
Subscribe for More Information
06:41 EDTTWXTime Warner's Warner Bros. struggling, NY Times says
Subscribe for More Information
September 19, 2014
06:15 EDTTWXTime Warner price target raised to $89 from $76.69 at Citigroup
Subscribe for More Information
September 18, 2014
06:36 EDTTWXWarner Bros. could cut up to 1,000 jobs, Variety reports
Subscribe for More Information
September 17, 2014
13:57 EDTTWXTNT obtains network television premiere rights to five upcoming Marvel films
Turner Network Television, or TNT, a subsidiary of Time Warner, has obtained the network television premiere rights to five upcoming Marvel Studios films, including "Avengers: Age of Ultron," and "Captain America 3." Each of the five films is tentatively scheduled to premiere on TNT a little over two years after its theatrical release. Reference Link
09:04 EDTTWXAmericas Media ad growth estimates lowered at Nomura
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use