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Stock Market & Financial Investment News

News Breaks
August 5, 2014
13:19 EDTDIS, FOX, FOXA, TWXEarnings Preview: Disney shares up more than 6.5% over last three months
The Walt Disney Company (DIS) is scheduled to report third quarter earnings after the market close on Tuesday, August 5 with a conference call scheduled for 5:00 pm ET. The Walt Disney Company is a diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media. EXPECTATIONS: Analysts are looking for earnings per share of $1.17 on revenue of $12.16B, according to First Call. The consensus range for EPS is $1.07-$1.27 on revenue of $11.73B-$12.6B. LAST QUARTER: Disney reported second quarter EPS of $1.11 excluding items against estimates for 96c, on revenue of $11.65B against estimates for $11.24B. The company's media networks revenue was $5.1B, up 4% from the prior quarter and its Q2 cable networks operating income was $2B, an increase of $250M from the prior quarter. NEWS: During the quarter, Disney closed the previously-announced deal to buy Maker Studios for up to $950M. Variety reported that Disney would lay off about 10% of Maker's 380 employees. The NBA looked to double the TV-rights fees it receives from ESPN's majority owner Disney, sources said, and Reuters said a Fox (FOXA) purchase of Time Warner (TWX) would pose a significant challenge to ESPN. The Hollywood Reporter said Disney is not planning to pursue a stake in Vice Media. Also during the quarter, the Supreme Court ruled 6-3 in favor of television network owners and against Aereo, which sells a service that allows its subscribers to watch television programs over the Internet at about the same time as the programs are broadcast over the air. STREET RESEARCH: During the quarter, Barclays initiated Disney with an Overweight rating, as the firm believes new distribution platforms could lead to less leverage and market share loss for the industry. Disney shares were also initiated with a Buy rating and $100 target at Jefferies. PRICE ACTION: Year-to-date, Disney shares are up over 13%. Over the last three months, Disney shares are up over 6.5%. Shares are trading down over 0.5% to $86.75 ahead of tonight's earnings report.
News For DIS;FOX;FOXA;TWX From The Last 14 Days
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September 17, 2014
09:04 EDTTWX, FOXAmericas Media ad growth estimates lowered at Nomura
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06:13 EDTFOX, FOXASky Deutschland tells investors to reject BSkyB offer
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September 16, 2014
07:27 EDTDISBofA/Merrill to hold a conference
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07:19 EDTDISCompanies' share buybacks at fasttest clip since 2007, WSJ reports
Companies are buying back their own shares at its fastest pace since the financial crisis to fuel a stock rally, reports the Wall Street Journal. According to Birinyi Associates, companies have bought back $338.3B of stock in 1H14, the most since 2007. Citing an analysis by Barclays, companies with the largest buyback programs by dollar value have outperformed the broader market by 20% since 2008. Reference Link
September 15, 2014
07:29 EDTDIS, TWXSony's 'No Good Deed' tops weekend box office, WSJ reports
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September 12, 2014
14:50 EDTDISDisney confirms plans for 'Frozen' attraction at Disney World
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11:13 EDTFOX, FOXALiberty Global says no 'big' transactions on horizon
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06:56 EDTFOXA, FOXEU approves BSkyB $9B pay-TV agreements in Germany, Italy, Reuters says
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September 11, 2014
11:10 EDTFOX, TWX, FOXAFox COO Carey says company has 'moved on' from Time Warner, THR reports
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06:17 EDTTWX, FOX, FOXATime Warner not planning HBO IPO, comments on Fox, NY Post reports
Time Warner (TWX) CEO Jeff Bewkes told the Goldman Sachs Communacopia conference that the company is not planning an IPO or tracking stock for HBO, the New York Post reports. Bewkes also commented that the company took 21st Century Fox's (FOXA) takeover offer "very seriously," but it was determined that the integration process would be such a "large undertaking" that shareholders of both companies "would be exposed to incredible and unnecessary risks." Reference Link
September 10, 2014
13:48 EDTDISDisney CFO says digital ads growing 'much faster' than tv advertising
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13:11 EDTDISDisney CFO says Maker integration going well
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07:36 EDTFOXAFox loses round in fight with TVEyes, Hollywood Reporter says
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07:31 EDTTWXGoldman to hold a conference
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September 9, 2014
14:54 EDTDISApple announces Apple Pay
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13:58 EDTDISStarbucks, Groupon, OpenTable apps among those to integrate Apple Pay
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07:28 EDTFOXA, TWX, FOXFOX pursues reality TV joint venture agreement, Hollywood Reporter says
21st Century Fox (FOX, FOXA) president and COO Chase Carey said that the company doesn't want to pursue Time Warner (TWX) again or look for another large deal, but the firm is aiming to finalize an agreement to create a reality television joint venture agreement comprised of Shine Group, Endemol and Core Media in the future, according to Hollywood Reporter, citing comments from Carey. Reference Link
September 5, 2014
09:18 EDTDISDISH debuts ESPN Fantasy Football app
As the NFL kicks off its 2014 season, DISH (DISH) is adding an ESPN Fantasy Football app that delivers fantasy stats directly to customers’ TV screens. ESPN is owned by Disney (DIS).
06:05 EDTFOXA, TWXWarner Bros. to eliminate jobs 'at every level' acros studio, Deadline reports
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06:01 EDTDISESPN head doesn't see people using Google for big sports events, Re/code reports
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