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Stock Market & Financial Investment News

News Breaks
February 19, 2014
06:12 EDTDISCA, LBTYAU.S. 'Cable Cowboy' Malone starts succession planning, FT says
John Malone, the U.S. billionaire nicknamed the “Cable Cowboy," has started planning his succession at Discovery Communications (DISCA) and Liberty Global (LBTYA) by giving their CEOs right of first refusal if he chooses to sell his stakes in the media companies, according to the Financial Times, citing comments from Malone. Reference Link
News For DISCA;LBTYA 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.

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