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Stock Market & Financial Investment News

News Breaks
February 26, 2013
11:44 EDTVIA, CVC, VIABCablevision files antitrust suit against Viacom over bundled programming
Cablevision Systems (CVC) announced it filed an antitrust lawsuit against Viacom (VIA, VIAB) in federal court in Manhattan. Cablevision alleges Viacom illegally forced it to carry and pay for 14 lesser-watched ancillary networks its customers do not want, such as Palladia, MTV Hits and VH1 Classic, in order to carry must-have networks such as Nickelodeon, MTV and Comedy Central. Cablevision's complaint asserts that Viacom engaged in a "per se" illegal tying arrangement in violation of the federal antitrust laws. Cablevision's antitrust lawsuit also asserts that Viacom has engaged in unlawful "block booking," which is a form of tying that conditions the sale of a package of rights on the purchaser's taking of other rights. Cablevision said Viacom's conduct also violates the Donnelly Act in New York State Law, which parallels federal anti-trust laws. The complaint was filed under seal and a public version is not yet available. Cablevision said it is seeking a number of remedies including: Declaratory relief voiding the December 2012 carriage agreement; a permanent injunction barring Viacom from conditioning carriage of any or all of its core networks on Cablevision's licensing any or all of Viacom's ancillary networks; to effectuate the permanent relief, a requirement that Viacom permit Cablevision to carry the core networks and ancillary products on terms pending negotiation of a new, lawful agreement; treble damages and legal fees. Cablevision indicated that there would be no immediate disruption in programming offerings pending the resolution of this matter.
News For CVC;VIA;VIAB From The Last 14 Days
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December 15, 2014
18:59 EDTVIAB, VIAParamount Pictures 'INTERSTELLAR' surpasses $100M mark in IMAX theatres
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07:25 EDTVIA, VIABViacom CEO stock sale fuels takeover speculation, NY Post says
Viacom CEO Philippe Dauman's sale of $140M of stock is adding to the speculation that the company could be a takeover target, reports the New York Post. Reference Link
December 12, 2014
06:17 EDTVIATime Warner CEO talks potential mergers in media space, NY Post reports
Time Warner CEO Jeff Bewkes discussed the potential of a merger with CBS (CBS) and Viacom (VIA) at yesterday's DealBook conference, New York Post reports. Bewkes said, "They may want to be a merger partner for somebody or maybe even for themselves."Reference Link
December 9, 2014
15:03 EDTVIADiscovery Communications rises after CEO sees outperforming U.S. peers
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06:48 EDTVIAAnalysts say Netflix undermining TV ad revenue, NY Times reports
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December 8, 2014
10:00 EDTVIABOn The Fly: Analyst Initiation Summary
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07:23 EDTVIAUBS to hold a conference
42nd Annual Global Media & Communications Conference is being held in New York on December 8-10 with webcasted company presentations to begin on December 8 at 8 am; not all presentations may be webcasted. Webcast Link
December 5, 2014
16:57 EDTVIABViacom initiated with a Neutral at UBS
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10:35 EDTVIABHigh option volume stocks
High option volume stocks: NOAH FRAN BIG GREK KEY VIAB STRZ ALKS QTWW ONNN

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