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Stock Market & Financial Investment News

News Breaks
February 7, 2013
13:19 EDTCVC, TWX, CHTRCablevision near sale of Optimum West to Charter, Bloomberg reports
Cablevision (CVC) is near an agreement to sell its Optimum West unit to Charter Communications (CHTR), Bloomberg reports, citing people with knowledge of the matter. Charter beat out Time Warner (TWX) and Suddenlink Communications, who also bid on regional cable provider Optimum, and a deal could be announced as early as today, Bloomberg adds.Reference Link
News For CVC;CHTR;TWX From The Last 14 Days
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April 16, 2014
06:58 EDTTWXFormer Sony chairman to take place on Time Inc's board, NY Post says
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April 10, 2014
11:35 EDTTWXCNN to use 9pm for original series, documentaries, Variety reports
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April 9, 2014
15:48 EDTCVCCablevision promotes Sweeney to President, Kristin Dolan to COO
Cablevision announced the promotions of two long-time senior executives. Brian Sweeney has been named President and Kristin Dolan has been appointed COO. Along with these new positions, both were elected executive officers of the company. These leadership appointments are effective immediately and Sweeney and Dolan will report to Cablevision CEO James Dolan, who will no longer serve as president of the company.
April 8, 2014
08:51 EDTTWXTime Warner announces proposed $1.4B financing by Time Inc
Time Warner Inc. and Time Inc. announced that, in connection with Time Warner Inc.’s previously announced intention to separate Time Inc. from Time Warner Inc., Time Inc. plans to raise an aggregate $1.4B of debt through an offering of unsecured senior notes and by entering into a secured term loan facility. Time Warner Inc. will not be a guarantor or otherwise provide credit support for the notes or the term loan facility. Time Inc. intends to use the expected net proceeds from this financing to fund the acquisition of Time Inc.’s U.K. publishing business, which is currently owned by a wholly owned subsidiary of Time Warner Inc. Time Inc. intends to use the remaining expected net proceeds from this financing to pay a special cash dividend to Time Warner Inc.
06:27 EDTTWXMajor movie studios file lawsuit against Megaupload, Engadget reports
The MPAA announced that major movie studios have filed a civil lawsuit against filesharing site megaupload two years after federal investigators shut down the website and filed criminal charges against its founder, reports Engadget. The lawsiut targets the site's Uploader Rewards program with the claim that the business model was "designed to encourage theft." Reference Link
April 7, 2014
08:05 EDTTWXTime Warner's HBO Go again suffers connection issues, Re/code says
Just a month after Time Warner CEO Jeff Bewkes promised his pay TV channel HBO Go would be improving its technology after the season finale of “True Detective” was plagued by outages, many users tuning in for the season premiere of “Game of Thrones” received error messages, Re/code reports. Reference Link
07:43 EDTCHTRCharter added Franchise Pick list at Jefferies
Jefferies sees 22% upside in shares of Charter Communications and added the stock to its Franchise Pick list. The firm sees upside to 2014 estimates and keeps a Buy rating on the stock.

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