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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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May 27, 2015
07:34 EDTVIAMediacom Communications, Viacom renew carriage agreement
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06:06 EDTCVCCablevision implied volatility of 45 at upper end of index
May 26, 2015
11:54 EDTCVCOptions with increasing implied volatility
Options with increasing implied volatility: VIPS DGX CVC JIVE LBTYA BBBY YHOO NKE CAN DTV
08:59 EDTCVCCablevision up more than 5% following Charter-TWC merger announcement
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May 21, 2015
10:04 EDTCVCHigh option volume stocks
High option volume stocks: MTZ LQD LBTYA AGEN OCR CVC NTAP BBY BRKR VOC
May 20, 2015
16:26 EDTCVCOn The Fly: Top stock stories for Wednesday
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13:34 EDTVIAB, VIAViacom boosts quarterly dividend to 40c from 33c
Viacom announced that its board has approved a 21% increase in its quarterly dividend to 40c per share of Class A and B common stock from 33c per share. The increase will take effect beginning with Viacom’s next quarterly dividend, payable on July 1, to stockholders of record at the close of business on June 15. Viacom President and CEO Philippe Dauman said, “Viacom is deeply committed to returning capital directly to our shareholders while investing in high-quality programming, expanding in the U.S. and abroad, and developing new and innovative consumer and advertising initiatives. Our strong balance sheet and substantial cash flow have allowed us to increase our quarterly dividend each year since it was initiated in 2010. We also look forward to resuming our buyback program by October."
13:31 EDTVIA, VIABViacom announces 21% increase in quarterly dividend
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12:01 EDTCVCCablevision calls active as shares at four-year high
Cablevision June 21 and 23 calls are active on total call volume of 8K contracts (1K puts). June call option implied volatility is at 38, July is at 34 compared to its 90-day average of 34. Active call volume suggests traders taking positions for large upside price movement.
10:48 EDTCVCOptions with increasing implied volatility
Options with increasing implied volatility: WETF CVC YHOO NLY
10:23 EDTCVCCablevision rallies sharply, levels to watch
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09:54 EDTCVCCablevision upgraded to Buy from Hold at Pivotal Research
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May 18, 2015
07:27 EDTVIAJPMorgan to hold a conference
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May 15, 2015
17:15 EDTCVCPaulson & Co. gives quarterly update on stakes
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16:32 EDTVIABBerkshire Hathaway gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: IBM (IBM), Precision Castparts (PCP), Wells Fargo (WFC), Phillips 66 (PSX), and US Bancorp (USB). DECREASED STAKES: National Oilwell Varco (NOV), Viacom (VIAB), Bank of New York Mellon (BK), MasterCard (MA), and Visa (V). LIQUIDATED STAKES: None.
May 14, 2015
06:01 EDTVIAMTV Networks COO Rich Eigendorff leaving company, NY Post reports
MTV Networks COO Rich Eigendorff is leaving the company, sources tell The New York Post. MTV parent Viacom began letting senior executives go several months ago as part of a restructuring effort. Eigendorff is said to be retiring from the company, one source says. Reference Link

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