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Stock Market & Financial Investment News

News Breaks
April 15, 2014
10:10 EDTDISCA, BSYBYDiscovery, BSkyB near deal to buy Channel 5, Broadcast says
Discovery Communications (DISCA) and British Sky Broadcasting (BSYBY) are near a GBP350M deal to buy Channel 5 from Northern & Shell, according to Broadcast. Reference Link
News For DISCA;BSYBY From The Last 14 Days
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October 20, 2014
09:31 EDTDISCARobinhood.org to hold conference
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06:34 EDTDISCAHasbro reports pre-tax charge due to restructuring of Hub Network
On September 25, Hasbro (HAS) and Discovery (DISCA) announced Hub Network would become Discovery Family Channel effective October 13, 2014. The network will broaden its programming focus to serve families in primetime and continue to showcase Hasbro Studios award-winning children’s content in daytime. As a result of restructuring the Company’s investment in the Hub Network joint venture, the Company recorded a pre-tax charge of $11.6M, or 6c per diluted share, in the third quarter 2014. This net charge is primarily related to the costs associated with recording the fair value of a put/call option exercisable at the end of 2021 that the Company and Discovery entered into related to this transaction.
October 13, 2014
06:46 EDTBSYBYBSkyB invests $500,000 in Pluto.TV, Variety reports
BSkyB is investing $500,000 in digital video startup Pluto.TV, Variety reports. Other investors in Pluto.TV include UTA CEO Jeremy Zimmer and Terry Semel’s Windsor Media.Reference Link
October 10, 2014
08:05 EDTBSYBY21st Century Fox, Apollo Global agree to form content joint venture
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