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Stock Market & Financial Investment News

News For CMCSA;CVC;DIS;TWC;VZ From The Last 14 Days
Check below for free stories on CMCSA;CVC;DIS;TWC;VZ the last two weeks.
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May 10, 2013
14:52 EDTDISMarket poised to end week higher as tech helps lead advance
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11:21 EDTCMCSANBC News settles on new president, NY Times reports
NBC News is close to naming Deborah Turness, the head Britain's ITV News, to succeed Steven Capus, who stepped down in February, as its president, reports the New York Times, citing people with knowledge of the appointment. Reference Link
10:00 EDTCVCOn The Fly: Analyst Downgrade Summary
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07:08 EDTVZ, DISESPN considers subsidizing wireless data plans, WSJ reports
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06:10 EDTDISOn the Fly: Periodicals Wrap-Up
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05:50 EDTCVCCablevision downgraded to Neutral from Buy at Citigroup
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May 9, 2013
11:02 EDTDISNetflix and Disney announce multi-year licensing deal for XD shows
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10:48 EDTCVCCablevision CFO says no plan to cut dividend
Cablevision CFO Gregg Seibert said on the company's first quarter earnings conference call that the company's board shows "complete support" for continuing Cablevision's dividend at its current level. Seibert said the company pays about $40M a quarter in the form of a dividend and that the company "certainly did not earn that in the first quarter on a free cash flow basis." Seibert acknowledged going forward it's not clear the company will consistently earn that over the next few quarters, but from a liquidity standpoint the company's proceeds from its Bresnan transaction "should be in the neighborhood of $625M plus whatever working capital and cash is in the company at the time of closing." That liquidity and other sources gives the board "comfort" in regard to maintaining the dividend, according to the executive.
10:30 EDTCVC, TWC, CMCSABill would pressure cable companies on a la carte channels, The Hill says
Republican Senator John McCain is writing a bill that would push cable TV and satellite companies to offer a la carte channel options to their customers, according to The Hill, which cited statements by the senator's office. McCain's bill would rpessure cable and satellite companies to enable consumers to choose which individual channels they want, the website explained. Reference Link
08:36 EDTCVCCablevision sees Q2 adjusted operating cash flow to be above Q1
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08:34 EDTCVCCablevision reports Q1 EPS (6c), consensus 5c
Reports Q1 revenue $1.52B, consensus $1.64B. Reports consolidated adjusted operating cash flow, or AOCF, decreased 26.9% to $343.4M.
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