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Stock Market & Financial Investment News

News Breaks
May 21, 2012
07:49 EDTCMCSA, VIA, DISBattleship disappoints with $25.3M domestic opening, Deadline Hollywood says
Comcast's (CMCSA) Universal Studios' Battleship grossed only $25.3M domestically in its opening weekend as one of several new films to disappoint against the third week of strength from Disney’s (DIS) The Avengers, which led the U.S. box office with a $55.0M take, reported Deadline Hollywood. Reference Link
News For CMCSA;DIS;VIA From The Last 14 Days
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January 29, 2015
12:46 EDTCMCSAFCC's broadband standard may be obstacle to Comcast-TWC merger, Bloomberg says
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11:20 EDTVIAViacom kids network Nickelodeon to launch subscription service
Viacom (VIA, VIAB) stated earlier during its earnings conference call that in March its Nickelodeon group will launch a new direct-to-consumer subscription service. "We believe this innovative service, which will have a distinct brand and will target the fast-growing mobile market, will be very attractive for parents and children," the company stated. Nickelodeon will provide more details and announce the brand name at its upfront presentation next month, Viacom CEO Philippe Dauman noted.
09:28 EDTCMCSATime Warner Cable, Comcast extend merger deadline to Aug. 15
In a regulatory filing, Time Warner Cable (TWC) and Comcast (CMCSA) announced Section 10.01(b)(i) of the Merger Agreement contemplates that the “End Date” of the Merger Agreement may be extended by a period of six months to August 12. Comcast and Time Warner Cable agree that the End Date is hereby extended to August 12, as contemplated by the Merger Agreement.
08:39 EDTCMCSATime Warner Cable will not provide guidance ahead of merger with Comcast
Comments provided during Q4 earnings conference call.
06:53 EDTVIAViacom reports Q1 Media Networks revenue up 4% to $2.65B
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06:52 EDTVIAViacom reports Q1 adjusted EPS $1.29, one estimate $1.27
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January 28, 2015
07:23 EDTVIAViacom volatility elevated into Q1 and outlook
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January 26, 2015
13:17 EDTCMCSALetters supporting Comcast-TWC merger ghostwritten by Comcast, The Verge says
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January 23, 2015
08:12 EDTCMCSAComcast lobbyists challenged by dual fights in Washington, WSJ says
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January 21, 2015
18:10 EDTVIAGoogle, Viacom win dismissal of suit on children's web privacy, Re/code reports
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08:39 EDTDISDisney reports five employees affected by California measles outbreak, AP says
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08:31 EDTCMCSAAT&T CEO says net neutrality may end up in Supreme Court, CNBC says
AT&T (T) Chairman and CEO Randall Stephenson believes the net neutrality debate may have to be settled by the Supreme Court, reports CNBC, citing a CNBC interview on Wednesday from the World Economic Forum in Davos. Stephenson stated, "We need a neutral Internet... I think everyone agrees with that. Where everyone is getting stuck now is going beyond that." Stephenson also stated the neutrality debate will not affect his company's decision to bid $49B for DirecTV (DTV), though he believes a quick decision from the FCC could quicken Comcast's (CMCSA, CMCSK) $45B negotiations for Time Warner Cable (TWC). Reference Link
06:17 EDTCMCSA, DISOverstock to introduce streaming-video service later this year, WSJ reports
Overstock.com (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
January 20, 2015
17:46 EDTDIS, CMCSANetflix says 'looking good' to reach 60M-90M U.S. subscriptions
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14:00 EDTCMCSA, DIS, VIAFCC fines Viacom, ESPN $1.4M after brodcasting EAS tones to promote movie
The Federal Communications Commission fined Viacom (VIA) and ESPN (DIS) $1.4M for misusing the Emergency Alert System warning tones. The cable networks transmitted EAS warning tones for several days in 2013 to promote the movie “Olympus Has Fallen,” which portrayed a terrorist attack on Washington, D.C. Broadcast or transmission of these tones outside an emergency or test violates the FCC’s laws protecting the integrity of the system. The networks admitted that the commercial contained actual EAS codes and appeared multiple times on the networks. In March 2014, the FCC proposed a total fine of $1,930,000 against NBCUniversal (CMCSA), ESPN, and Viacom. NBCUniversal paid its $530,000 fine, but ESPN and Viacom objected and requested reductions. The FCC rejected their arguments and imposed fines of $1,120,000 against Viacom and $280,000 against ESPN. The fines, which differ based on several factors including the number of channels involved and the number of transmissions on each channel, must be paid in 30 days.
07:25 EDTVIAViacom buys 50% stake in five Indian TV channels, WSJ says
Viacom (VIA, VIAB) is completing a deal with India's Reliance Industries giving it 50% ownership of five Indian TV channels for an undisclosed sum, reports the Wall Street Journal. Competitors including Discovery Communications (DISCA), 21st Century Fox (FOX, FOXA), and AMC Networks (AMCX) are similarly looking towards foreign investment as U.S. consumers move away from traditional cable packages. PricewaterhouseCoopers predicts 16% annual growth in Indian TV revenue over the next five years. Reference Link
07:20 EDTVIAViacom weakness overdone, says RBC Capital
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January 16, 2015
18:07 EDTCMCSACongressional GOP unveil net neutrality law to bypass FCC, LA Times reports
Representatives Fred Upton of Michigan and John Thune of South Dakota endorsed a congressional bill that would protect net-neutrality by banning internet service providers from charging companies extra to load their sites, and prohibit broadband companies from blocking legitimate websites, or slowing speeds for customers, superseding the FCC's authority to regulate the internet, according to the LA Times. Major internet companies such as AT&T (T) , Comcast (CMCSA), and Verizon Communications (VZ) have opposed a recent recommendation by FCC Chairman Thomas Wheeler to treat internet service similar to a utility. Reference Link
11:16 EDTVIACBS, Viacom climb following Stifel upgrades
Shares of CBS (CBS) and Viacom (VIA, VIAB) are climbing after research firm Stifel upgraded the stocks to Buy from Hold. CBS owns the CBS network and other entertainment properties. Viacom owns a number of cable networks, including MTV and Nickelodeon. WHAT'S NEW: CBS' NFL rights leave it well-positioned to charge cable companies and other TV providers high fees, Stifel analyst Benjamin Mogil wrote in a note to investors today. Meanwhile, the company's strong ratings and lower production costs reduce its risk, Mogil stated. CBS has more opportunities when it comes to selling its content to Internet TV networks such as Netflix (NFLX), Mogil believes. The analyst set a $65 price target on the shares. Meanwhile, Mogil believes that Viacom should benefit from the adoption of ratings measurements other than Nielsen's (NLSN) tools. Viacom has complained that Nielsen's tools have underestimated its ratings by failing to adequately take into account new types of content consumption, the analyst noted. Viacom's recent expansion into new international markets should also improve its performance, Mogil stated. He set an $89 price target on the shares. ANOTHER TO WATCH: Mogil initiated coverage of Twenty-First Century Fox (FOXA) with a $41 price target and Buy rating, saying that the company is well-positioned to benefit from its wide range of sports programming. He set a $41 price target on the shares. PRICE ACTION: In late morning trading, CBS advanced 2.75% to $55, Viacom gained 2.5% to $68, and Twenty-First Century Fox rose 0.4% to $34.72.
09:09 EDTCMCSAYouTube to host Super Bowl halftime show
YouTube will host a Halftime Show produced in collaboration with Collective Digital Studio that will be live streamed on the AdBlitz Channel, the Google (GOOG, GOOGL) property announced in a blog post. The show will feature more than 20 YouTube creators and musicians with over 60M combined subscribers, YouTube stated. The Super Bowl is being broadcast on Sunday, Feb. 1 on Comcast's (CMCSA) NBC Network. Reference Link
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