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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
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May 17, 2015
15:37 EDTTWXUniversal's 'Pitch Perfect 2' leads U.S. weekend box office with $70.3M
For the weekend of May 17, Comcast (CMCSA, CMCSK) subsidiary Universal's "Pitch Perfect 2" topped domestic box office charts at $70.3M. Time Warner (TWX) subsidiary Warner Bros.' "Mad Max: Fury Road" landed in second place with $44.4M, while Disney's (DIS) "Avengers: Age Of Ultron" came in third with $38.8M. Warner Bros.' "Hot Pursuit" and Universal's "Furious 7" took fourth and fifth place at $5.8M and $3.6M, respectively. Data gathered by Rentrak.
May 14, 2015
10:47 EDTTWXTurner Broadcasting CEO says has seen ratings erosion at TNT, TBS
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10:43 EDTTWXTurner Broadcasting CEO says 'bullish' time for Turner
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May 13, 2015
07:16 EDTTWXMoffett Nathanson to hold a summit
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06:55 EDTTWXInsiders speculate bidding war to erupt over AOL, Business Insider reports
The consensus speculation from investment bankers, hedge fund traders and people close to AOL (AOL) is that another company will emerge and offer a price for AOL that is higher than $50 per share, reports Business Insider. The potential suitors include Time Warner (TWX), Comcast (CMCSA), Yahoo (YHOO), Alibaba (BABA), Softbank (SFTBF), AT&T (T), Netflix (NFLX) and Apple (AAPL). Reference Link

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