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News Breaks | | | | March 15, 2013 | | 06:30 EDT |  | CHTR, CVC, TWC | Cablevision likely to be sold, may be worth $20 per share, says Citigroup
Citigroup said this morning in a note to investors that it expects Cablevision (CVC) to be sold. Citi sees Time Warner Cable (TWC) and Charter (CHTR) as the most likely buyers of Cablevision and says the company could be worth $20 per share in a takeover. The firm believes Cablevision's share price performance post its Q4 results indicate that most on the buy-side expect Cablevision will be sold. Citi says that absent a takeover, Cablevision could drift towards $11 per share. The firm keeps a Buy rating on Cablevision, but lowered its price target for shares to $18 from $19.25. | |
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News For CVC;TWC;CHTR From The Last 14 Days Check below for free stories on CVC;TWC;CHTR the last two weeks. |
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| May 16, 2013 | | 06:33 EDT |  | TWC | Time Warner Cable talking about joint bid for Hulu, NY Post reports
 Subscribe for More Information | | | May 15, 2013 | | 19:59 EDT | | TWC | Pay-TV operators eye Hulu, WSJ reports
At least two pay-TV operators, including Time Warner Cable (TWC), are looking at an investment in Hulu, jointly controlled by Comcast (CMCSA), Disney (DIS), and News Corp. (NWSA), reports the Wall Street Journal, citing people familiar with the matter. Reference Link | | | 17:03 EDT |  | CHTR | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). | | | May 13, 2013 | | 10:31 EDT |  | TWC | Time Warner Cable management to meet with Needham
Subscribe for More Information | | | May 10, 2013 | | 16:43 EDT | | CHTR | Liberty Media reports 27.3% stake in Charter
Subscribe for More Information | | | 10:00 EDT |  | CVC | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 05:50 EDT | | CVC | Cablevision downgraded to Neutral from Buy at Citigroup
Subscribe for More Information | | | May 9, 2013 | | 10:48 EDT | | CVC | Cablevision 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 EDT | | TWC, CVC | Bill 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 EDT | | CVC | Cablevision sees Q2 adjusted operating cash flow to be above Q1
Subscribe for More Information | | | | 08:34 EDT |  | CVC | Cablevision 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. | | | May 8, 2013 | | 15:29 EDT | | CVC | Notable companies reporting before tomorrow's open
Subscribe for More Information | | | 08:49 EDT | | CHTR | Charter price target raised to $125 from $105 at UBS
Subscribe for More Information | | | 08:01 EDT |  | CHTR | Charter files to sell 1M share of common stock for holders
Goldman, Sachs & Co. will act as underwriter for the offering. | | | May 7, 2013 | | 08:10 EDT | | CHTR | Charter sees FY13 CapEx approximately $1.7B
Charter expects 2013 capital expenditures to be driven by the deployment of additional set-top boxes in new and existing customer homes, growth in Charter's commercial business, and further spend related to plant reliability, back-office support and organizational realignment. | | | 08:10 EDT | | CHTR | Charter reports Q1 EPS (42c), consensus (61c)
Subscribe for More Information | | | May 6, 2013 | | 15:35 EDT | | CHTR | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Emerson Electric (EMR), consensus 78c; EOG Resources (EOG), consensus $1.17; DIRECTV (DTV), consensus $1.08; Health Care REIT (HCN), consensus 91c; FirstEnergy (FE), consensus 68c; Perrigo (PRGO), consensus $1.44; Charter Communications (CHTR), consensus (61c); HollyFrontier (HFC), consensus $1.73; Oaktree Capital Group (OAK), consensus $1.53; NRG Energy (NRG), consensus (28c). | |
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