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Stock Market & Financial Investment News

News Breaks
January 27, 2014
08:46 EDTCBS, TWX, DIS, FOXA, CMCSAComcast's NBC seen as in lead for NFL Thursday package, Adweek says
Insiders say Comcast's (CMCSA) NBC has the best shot at landing the rights to a new Thursday night TV package being auctioned off by the National Football League, which also received bids from current rights holders CBS (CBS), Fox (FOXA), NBC and ESPN (DIS) and from former partner Turner Sports (TWX), according to Adweek. Sources think the top bidder will be revealed within the next seven to 10 days and said the NFL was hoping for $750M-$800M for the slate, the report added. Reference Link
News For CMCSA;DIS;CBS;FOXA;TWX From The Last 14 Days
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March 24, 2015
10:35 EDTTWXNetflix seen by Cantor as 'clear winner' as TV unbundles
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08:19 EDTCMCSATime Warner Cable expected to write down Dodgers deal by up to $1B, NY Post says
Time Warner Cable (TWC) is expected to write down the value of its LA Dodgers distribution rights by up to $1B, reports the New York Post, citing sources. The writedown may be a requirement before any deal with Comcast (CMCSA, CMCSK) can be made, suggested one of the sources. Reference Link
07:52 EDTCMCSAComcast management to meet with Deutsche Bank
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March 23, 2015
17:12 EDTCBSCBS extends employment agreement with president of CBS News David Rhodes
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March 22, 2015
18:46 EDTFOXA, TWX, DISLionsgate's 'The Insurgent' takes top spot at box office with $54M
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March 20, 2015
12:45 EDTTWXAnalyst says Apple deserves higher multiple ahead of TV streaming foray
Given Apple's (AAPL) reported foray into streaming TV, the stock's multiple should be higher, Morgan Stanley analyst Katy Huberty wrote in a note to investors today. WHAT'S NEW: Media reports about Apple's new streaming TV service support Morgan Stanley's thesis that the stock should trade at a multiple of 18x-19x, Morgan Stanley analyst Kate Huberty wrote in a note to investors today. Companies with content platforms trade at that level, on average, the analyst noted. Apple's stock is currently trading slightly below 15 times consensus 2015 profit estimates for the company. Noting that Apple has already announced a new online streaming deal with Time Warner's (TWX) HBO, and the New York Post reported that the tech giant is willing to share some viewership data with content owners, Huberty thinks that an Apple TV service seems to be more likely now than in past years. The analyst reiterated her belief, expressed in a previous note, that Apple should be compared to other companies that provide content platforms. Like other platform companies, Apple charges premium prices, its products are used every day by consumers, it has recurring revenue ,and it has the opportunity to expand its total market, the analyst stated. According to Huberty, TV is an $800B market, and the TV streaming market may be ready for prime time, as 20% of pay TV customers plan to cut the cord in the next year, a Morgan Stanley survey showed. The analyst kept a $160 price target and Overweight rating on the shares. WHAT'S NOTABLE: Taking a less favorable view of Apple on March 18 was research firm Jefferies, which predicted that the growth of the company's iPhones would decelerate further next quarter. The firm predicted that strong iPhone sales in China would propel the tech giants profit for the current quarter more than 10% above expectations, but it kept a Hold rating on the shares. PRICE ACTION: In early afternoon trading, Apple was fractionally higher near $128 per share.
12:32 EDTCMCSAMadison Square Garden names Sharon Otterman as Chief Marketing Officer
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09:59 EDTCMCSACharter may have interest in Cablevision 'at some point,' says Detwiler
Detwiler Fenton believes there is truth to last week's reports of Charter (CHTR) being in talks to acquire Bright House Networks. In addition, the firm says its checks indicate Charter may have interest in buying Suddenlink Communications and Cablevision (CVC) "at some point" as a part of a lager acquisition strategy. Detwiler adds Charter's potential deal strategy assumes Comcast's (CMCSA) bid for Time Warner (TWC) wins regulatory approval. Should the deal not get approved, Detwiler believes Charter will turn its attention back to Time Warner.
08:13 EDTCBS, CMCSA, DISCanada to 'unbundle' cable TV offerings by December 2016
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06:36 EDTTWX, CBS, CMCSAWeb TV companies ask internet providers for special treatment, WSJ says
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06:17 EDTCBSCBS price target raised to $72 from $60 at Citigroup
Citigroup raised its price target for CBS to $72 and calls the company the stock to own in the space amid changing industry dynamics. Citi sees upside to consensus estimates for 2016 and beyond from CBS's All Access subscriber expansion and Showtime over-the-top offering. It maintains a Buy rating on the name.
March 19, 2015
07:23 EDTCBSEvercore ISI to hold a tour
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07:04 EDTDIS, CMCSA, FOXAAmerican Express confirms plans to launch Plenti loyalty program
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06:55 EDTTWXCertain news agencies form advertising alliance to rival Google, others, BI says
The Guardian, CNN International, The Financial Times , Reuters (TRI) and The Economist are forming an advertising alliance, called Pangaea, in hopes of rivaling Google (GOOG), Facebook (FB), Twitter (TWTR), and LinkedIn (LNKD), reports Business Insider UK. The Financial Times is owned by Pearson (PSO), The Economist Group is 50% owned by Pearson via The Financial Times, and CNN is owned by Time Warner (TWX). Reference Link
March 18, 2015
13:23 EDTTWXBattleground: Oppenheimer weighs in on Netflix with positive note
The recent weakness in Netflix's (NFLX) stock has created a buying opportunity, Oppenheimer wrote in a note to investors today. Oppenheimer's upbeat note comes after research firm Stifel issued a positive note on the stock yesterday and a third firm, Evercore ISI, downgraded the shares to sell on Monday. BULLISH TAKE: Noting that Netflix's stock has dropped 15% from its 52-week high, Oppenheimer analyst Jason Helfstein said that the decline creates a good buying opportunity ahead a number of "tier 1" original show launches by the company. History indicates that tier 1 original shows have the most impact on the company's net subscriber additions, the analyst stated. Worries about competition have weighed on the shares, but Netflix can beat the competition by using its data to provide superior programming, according to the analyst. He kept a $483 price target and Outperform rating on the shares. Stifel analyst Scott Devitt yesterday stated that concerns about the company's competition are overdone, as Netflix's positioning in the U.S. is as strong as ever and continues to improve as it adds more content. Time Warner's (TWX) upcoming launch of a video on demand service called HBO Now is the primary cause of the decline in Netflix's stock, Devitt contended, noting he views the HBO Now launch as "a non-event" for Netflix. Most Netflix subscribers who obtain HBO Now will probably keep both services, Devitt believes. BEARISH TAKE: Evercore ISI analyst Ken Sena on Monday downgraded Netflix shares to Sell from Hold. Increased competition will force the company to raise its investments, and the return from those investments is uncertain, the analyst contended. In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes, adding that Netflix will face even more competition overseas than in the U.S. Sela reduced his price target on the shares to $380 from $450. PRICE ACTION: In mid-afternoon trading, Netflix was little changed near $418 per share.
12:09 EDTCBS, TWX, CMCSA, FOXASony announces launch of PlayStation Vue in New York, Chicago, Philadelphia
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09:23 EDTFOXA, CBS, CMCSA, DISVerizon may launch mobile TV service as soon as June, Bloomberg says
Verizon (VZ) has secured mobile television streaming rights with Viacom (VIA, VIAB) and DreamWorks Animation (DWA) and plans to start a mobile video streaming service as early as June, according to Bloomberg, citing a person familiar with the matter. Verizon plans to have programming from ABC (DIS), NBC (CMCSA), CBS (CBS) and Fox (FOXA) as part of the service, the report added. The Fly notes that Verizon has publicly confirmed previously that it plans to launch such a service, but has not provided many details to date.
07:54 EDTCMCSA, DISComcast may be forced to put content on Apple TV, NY Post says
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07:30 EDTCMCSAAT&T-DirecTV getting less attention than Comcast-Time Warner Cable, Reuters says
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06:16 EDTDIS, CMCSA, FOXAAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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