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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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May 17, 2015
18:31 EDTCHTR, TWCBanks prepare $25B funding in case of Charter-Time Warner deal, Reuters says
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15:37 EDTCMCSAUniversal'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 15, 2015
10:55 EDTCHTRJANA Partners gives quarterly update on stakes
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06:49 EDTCMCSAComcast giving NBCUniversal access to viewer data, NY Post says
Comcast is going to share viewer data collected by set-top boxes to NBCUniversal, which will be added to NBCUniversal's Audience Targeting Platform, reports the NY Post, citing NBCUniversal's head of advertising sales and client partnerships, Linda Yaccarino. Reference Link
May 13, 2015
12:01 EDTCMCSAAT&T to offer Hulu subscription streaming service to customers
AT&T (T) and Hulu (DIS, CMCSA, FOXA) have signed a deal that will bring the Hulu subscription streaming service to AT&T customers through AT&T's websites and mobile applications. AT&T customers will be able to browse Hulu programs and select the shows they want to watch through an AT&T app for mobile device viewing or an AT&T website for Internet viewing. Combined with a leading TV Everywhere catalog, AT&T customers subscribing to Hulu will have one of the best selections available of current and past season full episodes. AT&T and Hulu also are exploring the possibility of bringing a Hulu app to TV. This offering will become available to AT&T customers later this year. The expanded relationship with Hulu complements AT&T's other over-the-top initiatives, including Otter Media.
11:18 EDTCMCSAComcast sees giving away 6M voice remotes, Hollywood Reporter says
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09:33 EDTCMCSAComcast CEO says 'probably did more licensing than anybody' since buying NBC
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09:24 EDTTWC, CMCSAComcast CEO says does not 'feel need to rush' to pursue other merger deals
Comcast (CMCSA) CEO Brian Roberts is speaking at the MoffettNathanson Research conference regarding the company's scrapped deal to buy Time Warner Cable (TWC).
07:16 EDTCMCSA, TWC, CHTRMoffett Nathanson to hold a summit
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06:55 EDTCMCSAInsiders 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
06:22 EDTCMCSAFacebook introduces Instant Articles, says working with nine launch partners
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May 12, 2015
17:16 EDTCMCSACenturyLink tests 'Prism' TV in Seattle, Puget Sound Journal says
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12:14 EDTCHTRCharter remains in active talks to acquire Bright House, Bloomberg says
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11:59 EDTCHTR, TWCCharter still in active talks about Bright House acquisition, Bloomberg reports
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08:31 EDTCMCSAApple likely to launch TV video service this year, says Pacific Crest
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06:41 EDTCMCSATV networks touting digital, targeting technologies to marketers, NY Times says
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May 11, 2015
09:02 EDTCMCSAComcast names Michael Cavanagh as CFO
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06:33 EDTCMCSATV networks worried amid tough competition from digital outlets, NY Times says
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May 10, 2015
17:35 EDTCMCSADisney's 'Avengers: Age Of Ultron' leads U.S. weekend box office with $77.2M
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16:06 EDTCHTR, TWCCharter seeking up to $30B to finance potential Time Warner deal, WSJ says
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