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Stock Market & Financial Investment News

News Breaks
December 12, 2012
08:31 EDTLGF, VZ, VIAB, CSTR, MGM, VIARedbox Instant by Verizon releases details of disc and digital movie service
Redbox Instant by Verizon, a joint venture between two market leaders, Redbox, a subsidiary of Coinstar (CSTR), and Verizon Communications (VZ), unveiled further details of its soon-to-launch service and announced agreements with Hollywood studios and device manufacturers that will bring thousands of popular movies to consumers at home and on the go. Later this month, the Redbox Instant by Verizon beta product will launch to consumers. Priced at $8.00 per month, Redbox Instant by Verizon offers a subscription package that combines unlimited streaming of thousands of popular movies, including titles from premium network EPIX, with four one-night credits per month for the latest movie releases on DVD at Redbox kiosks. For $1.00 more, or $9.00 per month, customers can opt to redeem their four credits for rentals on Blu-ray Disc at the kiosk. Through the agreement with EPIX, Redbox Instant by Verizon's subscription customers will be able to instantly stream new releases such as Mission Impossible: Ghost Protocol and The Hunger Games from EPIX's studio partners, Viacom's Paramount Pictures (VIA, VIA.B), Lionsgate (LGF), and MGM (MGM) 90 days after they premiere in the traditional premium window.
News For CSTR;VZ;VIA;VIAB;LGF;MGM From The Last 14 Days
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November 13, 2014
09:25 EDTVIA, VIABViacom CEO says company will repurchase $750M shares in Q4
09:18 EDTVIA, VIABViacom management says TV renewals cover over 25% of subscriptions
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08:56 EDTMGMMacau to ask for eased restrictions on RMB conversion, Macau Business Daily says
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07:52 EDTVZVerizon plans to cut 1K jobs via buyouts, Bloomberg says
Verizon plans to cut about 1,000 jobs, which would represent less than 1% of its workforce, through buyout offers by the end of the year, according to Bloomberg, citing a person with knowledge of the plan. Reference Link
07:38 EDTVIABloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
06:54 EDTVIA, VIABViacom reports Q4 Media Networks revenue up 8% to $2.66B
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06:53 EDTVIAB, VIAViacom reports Q4 adjusted EPS $1.71, consensus $1.68
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06:17 EDTVIA, VIABSony unveils PlayStation Vue, a cloud-based TV service
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November 12, 2014
15:29 EDTVIABNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.12; Viacom (VIAB), consensus $1.68; Tyco (TYC), consensus 56c; Kohl's (KSS), consensus 74c; Helmerich & Payne (HP), consensus $1.67; Sally Beauty (SBH), consensus 40c; Manulife Financial (MFC), consensus 40c; TransDigm (TDG), consensus $2.02; MAXIMUS (MMS), consensus 52c.
14:05 EDTVZVerizon enters multi-year research pact with Georgia Institute of Technology
Verizon Wireless announced that it has entered into a multi-year research partnership with the Georgia Institute of Technology intended to foster development of new technology solutions in multiple categories within the Internet of Things, including telematics, wearables, and LTE network enhancements.
13:42 EDTVZFCC chairman reported comments positive, says Wells Fargo
After FCC Chairman Tom Wheeler, according to several media reports, said that he was looking for a more nuanced solution to the net neutrality issue than the one suggested by the president, Wells Fargo says Wheeler's comments were positive for the telecom sector. The firm thinks the comments suggest that the agency may be open to regulating Internet service providers under Section 706 rather than Title II. Wells believes that any clarity o nthe issue would remove an overhang on telecom stocks it covers. Verizon (VZ) and AT&T (T) are both telecom companies that are also Internet service providers.
12:56 EDTVZFCC chairman disagrees with Obama on Internet rules, Washington Post says
FCC Chairman Tom Wheeler told the executives of major Internet companies that he favors a more nuanced solution for regulating the Internet than the one suggested by President Obama, according to The Washington Post. Wheeler said he would "try to split the baby" between the president's proposal and the agenda of Internet executives who don't want the rules to affect their business, the newspaper stated, citing four unnamed sources who attended a meeting with Wheeler. Comcast (CMCSA), Time Warner Cable (TWC), Verizon (VZ), Cablevision (CVC) ,and AT&T (T) are major Internet Service Providers. Executives from Google (GOOG) and Yahoo (YHOO) were at the meeting with Wheeler, the newspaper said. . Reference Link
12:08 EDTVZVerizon in settlement with Maryland AG over 'misleading offers'
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10:43 EDTVIAB, VIABernstein downgrades Discovery, Viacom, citing 'structural decline' in TV
Research firm Bernstein sees strong evidence that audiences of ad-supported TV have entered a period of "structural decline." The firm cut its rating on Discovery (DISCA), the owner of the Discovery Channel and Animal Planet cable stations, and Viacom (VIA,VIAB), which owns MTV and and Nickelodeon. The firm also cut its price target on CBS (CBS). WHAT'S NEW: Noting that audiences for ad-supported TV have fallen by unprecedented amounts for four months, Bernstein analyst Todd Juenger added that consumption of subscription video on demand, or SVOD, services continue to grow. Meanwhile, TV networks are seeing increased competition from Internet websites for ad dollars, limiting the ability of the networks to raise ad prices, Juenger stated. The profit margins and return on investment of content owners are likely to decline over time, the analyst believes. He downgraded Discovery to Market Perform from Outperform and set a $37 price target on the stock, and cut Viacom to Underperform from Market Perform, placing a $71 price target on that stock. Juenger reduced his price target on CBS to $55 from $60 and kept a Market Perform rating on the shares. He kept Outperform ratings on 21st Century Fox (FOXA), Disney (DIS), and Time Warner (TWX), saying that those are least affected by the trend, as they are less dependent than their peers on the American TV ad market and have a large amount of sports programming. PRICE ACTION: In mid-morning trading, Discovery lost 0.6% to $31.81, Viacom class A shares gained 0.6% to $70.09, CBS fell 0.7% to $51.48, Twenty-First Century Fox class A shares lost 0.5% to $34.75, Time Warner fell 0.5% to $77.69 and Disney was flat near $90 per share.
10:20 EDTVZVerizon CFO says over-the-top mobile different than OTT on TV
Verizon CFO Fran Shammo says mobile video viewers want different types, lengths of video content.
10:10 EDTVZVerizon CFO sees tablets as 'huge opportunity,' growth engine in next 2 years
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10:02 EDTVZVerizon CFO says company has always operated under open Internet policy
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10:00 EDTVIAB, VIAOn The Fly: Analyst Downgrade Summary
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09:30 EDTVIAB, VIAViacom and Frontier Communications renew carriage agreement
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06:13 EDTVIABViacom downgraded at Bernstein
As previously reported, Bernstein downgraded Viacom to Underperform from Market Perform. The analyst believes Viacom is vulnerable to a secular declines in TV consumption and SVOD substitution. Price target lowered to $71 from $77.
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