New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 21, 2014
06:34 EDTCRWN, SNI, DISCADeals increase vulnerability of small cable stations, NY Times reports
Recent major M&A deals, if approved, would make the owners of small cable TV channels more vulnerable, industry executives and analysts say, according to The New York Times. It is uncertain if the small cable TV networks will be acquired or disappear, the newspaper stated. Owners of small cable channels include Discovery Communications (DISCA), Scripps Networks (SNI), and Crown Media (CRWN). Reference Link
News For DISCA;SNI;CRWN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 8, 2016
11:01 EDTSNITV networks seen beating expectations thanks to strong ad market
The outlook for television networks is positive and investors should overweight the sector, research firm Pacific Crest wrote in a note to investors today. WHAT'S NEW: Pacific Crest analyst Andy Hargreaves recommended that investors own the shares of TV network owners 21st Century Fox (FOXA), Time Warner (TWX) and AMC Networks (AMCX). The companies' results should beat expectations, driven by a strong U.S. advertising market and stable pay TV subscriptions, he forecast. Moreover, given their "low elasticity, limited exposure to emerging markets and credit-fueled funding, and historically low valuations," the networks look "highly defensible," the analyst stated. Based on viewership data, 21st Century Fox, AMC and Scripps Networks (SNI) are best positioned to increase their ad revenue going forward, Hargreaves believes. Meanwhile, Fox and Scripps should benefit from strong viewership trends for sporting events, contended the analyst, who kept Overweight ratings on 21st Century Fox, Time Warner and AMC Networks, but maintained a Sector Weight rating on Scripps. WHAT'S NOTABLE: Hargreaves also kept a Sector Weight rating on CBS (CBS), but he recommended owning the stock in the near-term. The company's ad revenue should rise this year, driven by the Super Bowl and political spending, and its fourth quarter results could beat expectations on the back of strong ad revenue and content sales, the analyst predicted. Furthermore, CBS's content is well-positioned to be part of any significant bundle, and the stock's risk/reward ratio is positive, he wrote. PRICE ACTION: In late morning trading, Class A Fox shares slid 3%, AMC gave back 4.4%, Time Warner retreated 2.7%, and CBS and Scripps each fell about 4%.
10:06 EDTSNIScripps Networks announces retirement of Joseph NeCastro
Subscribe for More Information
February 2, 2016
07:22 EDTSNIScripps, TWC, reach multiyear retrans agreement, Broadcasting & Cable says
Scripps (SNI) and Time Warner Cable (TWC) have quietly reached a multi-year retransmission consent deal for stations representing more than 3M households in 14 markets, Broadcasting & Cable reports, citing a broadcast source familiar with the deal. The agreement also includes certain Bright House cable systems, the report says. Affected markets include Bakersfield, Cleveland, Cincinnati, Denver, Detroit, Green Bay, Indianapolis, Kansas City, Nashville, Omaha, Milwaukee, San Diego and Tampa, the report says. Reference Link
February 1, 2016
07:35 EDTDISCAIMAX, Discovery enter global distribution, marketing partnership
IMAX (IMAX) announced a distribution and marketing partnership, which provides Discovery Communications' (DISCA, DISCB, DISCK) flagship network Discovery Channel with 18 months of exclusive paid global television rights for up to 10 IMAX documentary films to be released through the IMAX Original Film Fund, following the titles' theatrical release across the IMAX institutional theatre network. The alliance marks IMAX's first television distribution agreement for original content. Under the partnership agreement, Discovery Channel will air IMAX documentaries worldwide following their theatrical IMAX release, and consult on development, production and marketing. The IMAX Original Film Fund was established in 2014 to deliver new educational documentaries for the Company's institutional partners, which include many of the world's most prestigious museums, science centers and aquariums. The Fund will finance an ongoing supply of educational documentaries that push the envelope of traditional documentary filmmaking for a new generation of moviegoers.

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