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March 1, 2013
06:05 EDTGRPN, CMCSA, NWSA, RAD, GLNCY, VZ, TWX, WAG, DTV, DIS, CVC, CVSOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Drugstore chains (CVS, WAG, RAD) are branching out into health-care services, as a way to counter a slowdown in prescription drug sales and evolve beyond just dispensing pills. They see big opportunities as millions of uninsured Americans pick up health coverage next year. The upside is in making sure current patients stay on their medications or providing alternative venues for medical treatment, even if it is done virtually, the Wall Street Journal reports...What happens when the "bundle" begins to unravel? The question is taking on intense importance for the cable-TV business (CVC, TWX, NWSA, DIS, VZ, CMCSA, DTV). Attacks on the bundle approach have escalated. Now pay-TV executives, as well as its customers, are openly pondering a world where the bundle no longer reigns, even though such a scenario could be years away, the Wall Street Journal reports...REUTERS: Glencore (GLNCY) supplied thousands of tons of alumina to the Iranian Aluminum Co. (Iralco) that has provided aluminum to Iran's nuclear program, intelligence and diplomatic sources say, Reuters reports...The $85B in across-the-board "sequestration" cuts designed to hit most U.S. government programs were set to begin today. What they were not likely to do, at least as far as financial markets were concerned, was cause enough damage to derail a U.S. economy that has been gaining momentum, Reuters reports...BLOOMBERG: The firing of Groupon (GRPN) CEO Andrew Mason puts pressure on Chairman Eric Lefkofsky to find a replacement who can create a money-making business after the daily-deal provider lost $723.8M in the past three years, Bloomberg reports...Two Chinese Manufacturing indexes revealed a slower-than-estimated pace of expansion, a signal that the nationís economic recovery may be losing steam, Bloomberg reports.
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October 2, 2015
06:59 EDTTWXHBO had talks with Zack Snyder about 'Watchmen' series, Deadline reports
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October 1, 2015
13:00 EDTCVCAltice raises EUR1.61B in capital to fund Cablevision deal
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12:57 EDTTWXOptions with increasing put volume
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10:50 EDTCVSLeerink healthcare services analyst holds analyst/industry conference call
Analyst Larsen, along with Dan Steiber of D2 Pharma Consulting and James Kenney, Jr., of Harvard Pilgrim Health Care, discuss Hillary Care's potential impact to the Prescription Drug Supply Chain, the impact of the Medicaid rebate program and the uptake of bio-similars and generic launches in 2015 on an Analyst/Industry conference call to be held on October 2 at 12 pm.
10:37 EDTDISBofA/Merrill's Top 10 US Ideas for Q4 2015
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08:32 EDTRADRite Aid reports September SSS up 1.5%
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September 30, 2015
17:53 EDTCMCSANBCUniversal reaches advertising deal with YouTube, WSJ says
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17:42 EDTNWSANews Corp sells Amplify digital education businesses, terms not disclosed
News Corp (NWS, NWSA) announced that it has sold its Amplify Insight and Learning businesses to a management team supported by a group of private investors. Financial terms of the transaction were not disclosed. As a result of the sale, beginning in First Quarter of Fiscal 2016, News Corp will reflect the results of its Digital Education segment as discontinued operations.
13:33 EDTCMCSAFCC review of Charter-TWC deal likely to extend into 1Q16, CTFN says
The FCC's review of Charter Communications' (CHTR) proposed merger with Time Warner Cable (TWC) and Bright House Networks will likely extend into the first quarter of 2016 and could take even longer, CTFN reports, citing an attorney who often deals with telecom issues before the FCC. "...It is virtually impossible for the FCC to complete its review and adopt an order approving the license transfer before 1Q16 and, in my opinion, even getting it done before April 1 is a stretch," Barbara Esbin, a partner at law firm Cinnamon Mueller, told CTFN in an email. Esbin also said that the merger "appears to have drawn none of the heavy flack that felled Comcast (CMCSA)-TWC," a proposal that was nixed by the FCC and DOJ earlier this year, the report says. California utility regulators are also preparing for their own review of the deal since it will particularly effect the southern half of the state, the report says. Reference Link
11:31 EDTVZOn Track Innovations files patent infringement lawsuits against AT&T, Verizon
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10:50 EDTVZAT&T, Verizon could find it hard to sell enterprise businesses, CTFN says
The wireline units of AT&T (T) and Verizon (VZ) that serve corporate customers may be viewed as good units to sell if the companies need to raise cash to help defray spectrum acquisition costs, but a small number of potential buyers and low EBITDA multiples for the units could make any such divestitures challenging, contended CTFN. Level 3 (LVLT) could be seen as a potentially interested buyer, but a source within the company told CTFN that purchasing units that are part of other companies, known as a "carve out," doesn't match the company's usual M&A strategy. Reference Link
10:47 EDTCVSLeerink analyst/industry conference call date/time changed from October 8 10 am
Healthcare Distribution & Technology Larsen, along with Diplomat Pharmacy Chairman & CEO Hagerman and CFO & Secretary/Treasurer Whelan, provide industry insights including the potential impact of Hillary Care, the influence CMS may have on overall drug pricing and recent stock volatility on an Analyst/Industry conference call now being held at a new date and time of September 30 at 5 pm.
09:31 EDTVZVerizon Ventures partners with Grand Central Tech
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09:21 EDTGRPNOrderUp updates iPhone app to include Apple Pay
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09:05 EDTCVSCVS Health announces partnership with MassChallenge and Rock Health
CVS Health announced that it was partnering with top startup accelerator MassChallenge and digital health venture fund Rock Health to drive faster innovation and expand areas of focus for connected health solutions.
September 29, 2015
18:55 EDTCVCCablevision, Viacom in talks to settle antitrust dispute, Reuters says
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15:19 EDTDISDiscovery drops as investor day fails to dispell cord-cutting fears
Shares of Discovery Communications (DISCA) have dropped today as the company held its first-ever investor day amid ongoing concerns about the potential decline of pay TV. NEW GUIDANCE: Discovery Chief Financial Officer Andrew Warren updated the company's full year 2015 outlook, saying he expects constant currency adjusted earnings per share to grow in the low double digits. The company expects revenue for the year to grow 9%-10%, with free cash flow up in low single digits. Meanwhile, year over year currency headwinds were seen deducting $460M from revenue and 24c-29c from adjusted EPS. Discovery also established long-term guidance, saying it sees its adjusted EPS compound annual growth rate up in low double digits from 2015 to 2018, on a constant currency basis. "Third quarter results are on track, highlighted by strong U.S. advertising growth," Warren added. THREE BILLION SUBSCRIBERS: CEO David Zaslav commented during the investor day that the company is "confident in the long-term outlook for our business," adding that Discovery expects to reach 3B cumulative worldwide subscribers by year's end. The Chief Executive highlighted what he called five differentiators for Discovery's growth potential, including its ownership of a growing and diverse portfolio of content and IP "that uniquely positions Discovery for the changing media landscape." CORD CUTTING: Multiple Discovery executives showcased the company's European products, including Eurosport and the Eurosport Player OTT service, as well as the company's apparent first-mover advantage in Latin America. The seemingly increased attention on foreign initiatives comes as U.S. cord-cutting trends continue generating headlines, with Citi analyst Jason Bazinet arguing as recently as September 18 that Disney (DIS) would be the only cable network to make more money in a bundle-free world. According to media reports of today's Discovery event, Chief Executive Zaslav said "it's not rational" that media companies are selling so much of their content to streaming services like Netflix (NFLX) that threaten the appeal of cable bundles. The CEO added that Discovery has assumed a 1%-2% decline in pay TV over "the next couple of years," though he reassured investor day attendees that the company's adjusted operating income should be roughly flat even in a worst-case scenario. PRICE ACTION: Shares of Discovery crashed as much as 7% in early morning trading before seeing hesitant moves higher. The stock is down just under 4% to roughly $26.70 heading towards session close.
11:09 EDTCMCSAGoPro announces launch of channel on Comcast Watchable
GoPro (GPRO) announced it's bringing the GoPro Channel to Watchable, Comcast's (CMCSA, CMCSK) new, cross-platform video service. GoPro's first Multichannel Video Programming Distributor agreement will deliver GoPro content to users on iOS,, and X1. Launching in beta, all Watchable content is free, the company stated.
11:05 EDTCMCSAComcast launches video platform Watchable, Business Insider reports
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06:18 EDTVZPublicis signs advertising partnership with Verizon's Go90 service, WSJ reports
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