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Stock Market & Financial Investment News

News Breaks
April 28, 2014
06:07 EDTCMCSA, TWC, CHTRComcast announces divesture agreements with Charter
Comcast (CMCSA) and Charter Communications (CHTR) announced that the companies have reached an agreement on a series of transactions, whereby the combined Comcast-Time Warner Cable (TWC) entity, following completion of Comcast's previously announced merger with Time Warner Cable, will divest systems resulting in a net reduction of approximately 3.9M video customers. The divestiture will reduce Comcast's post-merger managed subscriber total to less than 30% of total national MVPD subscribers. Pursuant to the agreement, and following the close of the Comcast-Time Warner Cable merger, Charter will acquire approximately 1.4M existing Time Warner Cable subscribers, increasing Charter's current residential and commercial video customer base from 4.4M to approximately 5.7M, and making Charter the second largest cable operator in the United States. Charter and Comcast will also each transfer approximately 1.6M customers respectively. In addition, Charter, through a tax free reorganization, will form a new holding company that will own 100% of Charter, and acquire an approximate 33% stake in a new publicly-traded cable provider to be spun-off by Comcast serving approximately 2.5M customers. Charter will provide management services to SpinCo. The agreement will be executed via three separate transactions, which are subject to the completion of the proposed Comcast-Time Warner Cable merger. The transfer of systems, asset purchase and SpinCo acquisition will be valued at a 7.125 times 2014 EBITDA multiple, and Charter will make additional payments to Comcast over time as tax benefits from the asset sale are realized. Comcast has reaffirmed that, after taking into account the transactions with Charter, it continues to expect its merger with Time Warner Cable to generate approximately $1.5B in operating efficiencies.
News For CMCSA;CHTR;TWC From The Last 14 Days
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July 1, 2015
08:40 EDTCMCSABofA/Merrill's Top 10 US Ideas for Q3
BofA/Merrill published its Top 10 U.S. Ideas Quarterly for Q3 that identifies companies it sees having significant catalysts in the next three months. The list includes eight Buys and two Underperforms. The Buys are Applied Materials (AMAT), Boise Cascade (BCC), Burlington Stores (BURL), Comcast (CMCSA), Comerica (CMA), Eli Lilly (LLY), Facebook (FB), and International Game (IGT). The Underperforms are BlackBerry (BBRY) and PBF Energy (PBF).
07:03 EDTCMCSAComcast attractive during market uncertainty, say Brean Capital
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June 30, 2015
07:15 EDTCMCSAExecutives' Club of Chicago to hold a discussion
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June 29, 2015
14:11 EDTCMCSANBCUniversal ending relationship with Donald Trump, LA Times reports
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June 28, 2015
15:40 EDTCMCSAUniversal's 'Jurassic World' leads U.S. weekend box office with $54.2M
For the weekend of June 28, Comcast (CMCSA, CMCSK) subsidiary Universal's "Jurassic World" topped domestic box office charts at $54.2M. Disney's (DIS) "Inside Out" landed in second place with $52.1M, while Universal's "Ted 2" came in third with $32.9M. Time Warner (TWX) subsidiary Warner Bros.' "Max" and Fox's (FOX, FOXA) "Spy" took fourth and fifth place at $12.2M and $7.8M, respectively. Data gathered by Rentrak.
June 26, 2015
16:00 EDTTWCOptions Update; June 26, 2015
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June 25, 2015
19:58 EDTTWC, CHTRCharter will not block, throttle net traffic
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12:52 EDTTWC, CHTRCharter to 'go further' than net neutrality rules in TWC merger, Variety reports
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June 24, 2015
19:53 EDTCMCSAComcast to offer EA games over cable box, DSLReports says
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13:58 EDTCMCSAChernin, NBCUniversal agree on two year deal, L.A. Times reports
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08:25 EDTCMCSANetflix 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.
June 23, 2015
13:09 EDTCMCSAHulu 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
10:00 EDTTWCOn The Fly: Analyst Downgrade Summary
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08:39 EDTTWCTime Warner Cable downgraded to Sector Perform from Outperform at Scotiabank
June 22, 2015
15:04 EDTCMCSAT-Mobile could abandon DISH for Comcast, Forbes contributor says
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06:59 EDTCMCSAComcast, NBCUniversal using cross-promotional strategy, NY Times says
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June 21, 2015
17:57 EDTCMCSARealD says 3D screens accounted for 47% of weekend 'Jurassic World' gross
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16:21 EDTCMCSAUniversal's 'Jurassic World' leads U.S. weekend box office with $102M
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June 19, 2015
11:52 EDTCMCSA, TWCTime Warner Cable CEO says Ralph Roberts a 'pioneer, visionary, role model'
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10:37 EDTCMCSAComcast announces death of founder and Chairman Emeritus Ralph Roberts
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