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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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March 30, 2015
08:28 EDTVIATrevor Noah likely to replace Jon Stewart on 'Daily Show,' Deadline says
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March 26, 2015
07:01 EDTVIASpike TV to enter U.K. homes on April 15
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March 25, 2015
17:58 EDTVIAB, VIAKarisma, Viacom to develop Nickelodeon hotels
Karisma Hotels & Resorts and Viacom International Media Networks, a division of Viacom (VIAB,VIA), are pleased to announce the signing of a landmark agreement to develop Nickelodeon Hotels. A Gourmet Inclusive collection of luxurious family-friendly properties, Nickelodeon Hotels will represent the first and only international hotels for Nickelodeon, one of the most globally recognized and widely distributed multimedia brands for kids. The milestone deal includes plans to debut Nickelodeon Hotels with the opening of Nickelodeon Punta Cana in the Dominican Republic in late 2016. A second Nickelodeon Hotel will open in Mexico shortly thereafter. Karisma Hotels & Resorts is an award-winning luxury hotel collection, which owns and manages properties in Latin America, the Caribbean and Europe.
March 23, 2015
12:04 EDTVIAB, VIAAzul Hotels by Karisma introduces Nickelodeon Experience
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March 20, 2015
10:26 EDTCVCCablevision call activity attributed to takeover speculation
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10:07 EDTCVCHigh option volume stocks
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09:59 EDTCVCCharter may have interest in Cablevision 'at some point,' says Detwiler
Detwiler Fenton believes there is truth to last week's reports of Charter (CHTR) being in talks to acquire Bright House Networks. In addition, the firm says its checks indicate Charter may have interest in buying Suddenlink Communications and Cablevision (CVC) "at some point" as a part of a lager acquisition strategy. Detwiler adds Charter's potential deal strategy assumes Comcast's (CMCSA) bid for Time Warner (TWC) wins regulatory approval. Should the deal not get approved, Detwiler believes Charter will turn its attention back to Time Warner.
09:37 EDTCVCRumor: Cablevision strength attributed to takeover speculation
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March 18, 2015
12:09 EDTVIASony announces launch of PlayStation Vue in New York, Chicago, Philadelphia
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09:23 EDTVIA, VIABVerizon may launch mobile TV service as soon as June, Bloomberg says
Verizon (VZ) has secured mobile television streaming rights with Viacom (VIA, VIAB) and DreamWorks Animation (DWA) and plans to start a mobile video streaming service as early as June, according to Bloomberg, citing a person familiar with the matter. Verizon plans to have programming from ABC (DIS), NBC (CMCSA), CBS (CBS) and Fox (FOXA) as part of the service, the report added. The Fly notes that Verizon has publicly confirmed previously that it plans to launch such a service, but has not provided many details to date.
06:31 EDTVIADiscovery, Viacom in talks to be on Apple TV service, WSJ reports
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