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Stock Market & Financial Investment News

News For DIS;NWSA;CMCSA From The Last 14 Days
Check below for free stories on DIS;NWSA;CMCSA the last two weeks.
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May 24, 2013
08:38 EDTNWSANews Corp. adopts stockholder rights plan ahead of split up
News Corporation and the new News Corporation announced that, in advance of their planned separation, the Board of Directors of the company and the current Board of the new News Corporation has each determined to adopt stockholder rights agreements for the company and for new News Corporation, respectively. The rights agreements would expire one year after the date of this announcement, in the case of the company, or one year after the date of the separation, in the case of the new News Corporation. The company said it has considered that there may be significant volume of trading in shares of 21st Century Fox and the new News Corporation around the time of the separation, and for a period thereafter. The rights agreements are intended to protect the stockholders of the company and the new News Corporation from efforts to obtain control of such companies that their respective Boards of Directors determine are not in the best interests of the companies and their respective stockholders, News Corp. said.
08:35 EDTNWSANews Corp. board approves separation of businesses, stock buyback after split
News Corporation announced that the separation of News Corporation into two distinct publicly traded companies, 21st Century Fox and the new News Corporation, has been formally approved by the company’s Board of Directors. The company also announced appointments to the Boards of Directors of both companies, effective upon the completion of the separation, which is expected to occur on June 28. In connection with the separation, the company’s Board has approved the distribution of all shares of the new News Corporation to the company’s stockholders in a ratio of one share of the new News Corporation for every four shares of News Corporation. Furthermore, the Board authorized a $500M stock repurchase program for the new News Corporation following completion of the separation.
07:11 EDTNWSA, DISHulu attracts several bidders, Reuters reports
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06:10 EDTDIS, NWSAOn the Fly: Periodicals Wrap-Up
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May 23, 2013
15:39 EDTNWSANews Corp. to host investor day
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May 22, 2013
07:29 EDTCMCSAXbox won't hurt pay TV companies in near-term, AllThingsD says
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07:24 EDTCMCSANetEvents International to host a summit
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May 21, 2013
12:58 EDTDISDisney's ESPN cuts less than 6% of workforce, Bloomberg reports
Disney's (DIS) ESPN unit laid off less than 400 workers today as part of a companywide cost-cutting effort, Bloomberg reports, citing a person with knowledge of the situation. The cuts amount to less than 6% of ESPN’s 7,000 employees, the report adds. Reference Link
06:52 EDTCMCSAVideo on demand from cable companies becoming more popular, NY Times says
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May 20, 2013
13:45 EDTCMCSAComcast's NBC names new news president
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May 19, 2013
16:41 EDTDISViacom's 'Into Darkness' tops Disney's “Iron Man 3” at box office, WSJ says
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May 17, 2013
15:51 EDTNWSA, DIS, CMCSADirecTV weighing bid for Hulu, WSJ reports
DirecTV (DTV) is considering making a bid for Hulu, the video website jointly owned by News Corp. (NWSA), Comcast (CMCSA), and Disney (DIS), reports The Wall Street Journal citing a person familiar with the matter. Reference Link
15:26 EDTNWSA, CMCSA, DISDirecTV considering acquisition of Hulu, Dow Jones reports
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06:23 EDTDISDisney downgraded to Neutral from Overweight at Atlantic Equities
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May 16, 2013
13:46 EDTDISDisney's ESPN acquires rights to tennis' U.S. Open beginning 2015
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09:24 EDTCMCSAAmazon.com expands content licensing agreement with NBCUniversal
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05:51 EDTCMCSANBCUniversal says winter Olympic Games ad sales strong, WSJ reports
Comcast's (CMCSA) NBCUniversal unit is projecting advertising sales over $800M for the Olympic Games next year in Russia, which would be a record for the Winter Games, despite the decision by Anheuser-Busch InBev (BUD) and Hilton Worldwide not to advertise on the event in Sochi, reports the Wall Street Journal. The company said it has sold 75%-80% of its TV inventory.Reference Link
May 15, 2013
19:59 EDTCMCSA, NWSA, DISPay-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
17:46 EDTNWSASAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), .
11:48 EDTCMCSAAppaloosa reports new stakes in Comcast, Ashland, sells Oracle
David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M.
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