New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 1, 2013
06:43 EDTVIA, DISDisney to become cable ratings leader among preschoolers, NY Times says
Disney's (DIS) channel for preschool children, Disney Junior, is expected to unseat Nick Jr., the channel operated by Viacom's (VIA) Nickelodeon, as the cable ratings leader among preschoolers when ratings are released tomorrow, according to The New York Times. Disney now has the three leading cable shows among the demographic, the newspaper explained. Reference Link
News For DIS;VIA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 29, 2015
11:20 EDTVIAViacom kids network Nickelodeon to launch subscription service
Viacom (VIA, VIAB) stated earlier during its earnings conference call that in March its Nickelodeon group will launch a new direct-to-consumer subscription service. "We believe this innovative service, which will have a distinct brand and will target the fast-growing mobile market, will be very attractive for parents and children," the company stated. Nickelodeon will provide more details and announce the brand name at its upfront presentation next month, Viacom CEO Philippe Dauman noted.
06:53 EDTVIAViacom reports Q1 Media Networks revenue up 4% to $2.65B
Subscribe for More Information
06:52 EDTVIAViacom reports Q1 adjusted EPS $1.29, one estimate $1.27
Subscribe for More Information
January 28, 2015
07:23 EDTVIAViacom volatility elevated into Q1 and outlook
Subscribe for More Information
January 21, 2015
18:10 EDTVIAGoogle, Viacom win dismissal of suit on children's web privacy, Re/code reports
Subscribe for More Information
08:39 EDTDISDisney reports five employees affected by California measles outbreak, AP says
Subscribe for More Information
06:17 EDTDISOverstock to introduce streaming-video service later this year, WSJ reports
Overstock.com (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
January 20, 2015
17:46 EDTDISNetflix says 'looking good' to reach 60M-90M U.S. subscriptions
Subscribe for More Information
14:00 EDTVIA, DISFCC fines Viacom, ESPN $1.4M after brodcasting EAS tones to promote movie
The Federal Communications Commission fined Viacom (VIA) and ESPN (DIS) $1.4M for misusing the Emergency Alert System warning tones. The cable networks transmitted EAS warning tones for several days in 2013 to promote the movie “Olympus Has Fallen,” which portrayed a terrorist attack on Washington, D.C. Broadcast or transmission of these tones outside an emergency or test violates the FCC’s laws protecting the integrity of the system. The networks admitted that the commercial contained actual EAS codes and appeared multiple times on the networks. In March 2014, the FCC proposed a total fine of $1,930,000 against NBCUniversal (CMCSA), ESPN, and Viacom. NBCUniversal paid its $530,000 fine, but ESPN and Viacom objected and requested reductions. The FCC rejected their arguments and imposed fines of $1,120,000 against Viacom and $280,000 against ESPN. The fines, which differ based on several factors including the number of channels involved and the number of transmissions on each channel, must be paid in 30 days.
07:25 EDTVIAViacom buys 50% stake in five Indian TV channels, WSJ says
Viacom (VIA, VIAB) is completing a deal with India's Reliance Industries giving it 50% ownership of five Indian TV channels for an undisclosed sum, reports the Wall Street Journal. Competitors including Discovery Communications (DISCA), 21st Century Fox (FOX, FOXA), and AMC Networks (AMCX) are similarly looking towards foreign investment as U.S. consumers move away from traditional cable packages. PricewaterhouseCoopers predicts 16% annual growth in Indian TV revenue over the next five years. Reference Link
07:20 EDTVIAViacom weakness overdone, says RBC Capital
Subscribe for More Information
January 16, 2015
11:16 EDTVIACBS, Viacom climb following Stifel upgrades
Shares of CBS (CBS) and Viacom (VIA, VIAB) are climbing after research firm Stifel upgraded the stocks to Buy from Hold. CBS owns the CBS network and other entertainment properties. Viacom owns a number of cable networks, including MTV and Nickelodeon. WHAT'S NEW: CBS' NFL rights leave it well-positioned to charge cable companies and other TV providers high fees, Stifel analyst Benjamin Mogil wrote in a note to investors today. Meanwhile, the company's strong ratings and lower production costs reduce its risk, Mogil stated. CBS has more opportunities when it comes to selling its content to Internet TV networks such as Netflix (NFLX), Mogil believes. The analyst set a $65 price target on the shares. Meanwhile, Mogil believes that Viacom should benefit from the adoption of ratings measurements other than Nielsen's (NLSN) tools. Viacom has complained that Nielsen's tools have underestimated its ratings by failing to adequately take into account new types of content consumption, the analyst noted. Viacom's recent expansion into new international markets should also improve its performance, Mogil stated. He set an $89 price target on the shares. ANOTHER TO WATCH: Mogil initiated coverage of Twenty-First Century Fox (FOXA) with a $41 price target and Buy rating, saying that the company is well-positioned to benefit from its wide range of sports programming. He set a $41 price target on the shares. PRICE ACTION: In late morning trading, CBS advanced 2.75% to $55, Viacom gained 2.5% to $68, and Twenty-First Century Fox rose 0.4% to $34.72.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use