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Stock Market & Financial Investment News

News Breaks
July 7, 2014
07:26 EDTTWC, AMCX, T, TWX, DIS, CMCSA, LGF, DTV, DISCA, SNIConsolidation in focus as media conference kicks off, WSJ says
As Allen & Co.'s annual media and technology conference in Sun Valley kicks off Tuesday against the backdrop of mega-deals like Comcast's (CMCSA) pending merger with Time Warner Cable (TWC) and AT&T's (T) proposed acquisition of DirecTV (DTV), attendees and industry watchers are wondering which content companies might be in play in the coming months, according to The Wall Street Journal. Analysts and bankers say Discovery Communications (DISCA) could be a target or a buyer in a consolidation wave, the report adds, noting the the company considered buying Scripps (SNI) last year and that analysts have pointed out the benefits of pairing Discovery with Disney (DIS). Other potential M&A targets discussed in the article include AMC Networks (AMCX), Lions Gate Entertainment (LGF) and Time Warner (TWX). Reference Link
News For DISCA;SNI;DIS;AMCX;LGF;TWX;TWC;CMCSA;T;DTV From The Last 14 Days
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March 18, 2015
13:23 EDTTWXBattleground: Oppenheimer weighs in on Netflix with positive note
The recent weakness in Netflix's (NFLX) stock has created a buying opportunity, Oppenheimer wrote in a note to investors today. Oppenheimer's upbeat note comes after research firm Stifel issued a positive note on the stock yesterday and a third firm, Evercore ISI, downgraded the shares to sell on Monday. BULLISH TAKE: Noting that Netflix's stock has dropped 15% from its 52-week high, Oppenheimer analyst Jason Helfstein said that the decline creates a good buying opportunity ahead a number of "tier 1" original show launches by the company. History indicates that tier 1 original shows have the most impact on the company's net subscriber additions, the analyst stated. Worries about competition have weighed on the shares, but Netflix can beat the competition by using its data to provide superior programming, according to the analyst. He kept a $483 price target and Outperform rating on the shares. Stifel analyst Scott Devitt yesterday stated that concerns about the company's competition are overdone, as Netflix's positioning in the U.S. is as strong as ever and continues to improve as it adds more content. Time Warner's (TWX) upcoming launch of a video on demand service called HBO Now is the primary cause of the decline in Netflix's stock, Devitt contended, noting he views the HBO Now launch as "a non-event" for Netflix. Most Netflix subscribers who obtain HBO Now will probably keep both services, Devitt believes. BEARISH TAKE: Evercore ISI analyst Ken Sena on Monday downgraded Netflix shares to Sell from Hold. Increased competition will force the company to raise its investments, and the return from those investments is uncertain, the analyst contended. In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes, adding that Netflix will face even more competition overseas than in the U.S. Sela reduced his price target on the shares to $380 from $450. PRICE ACTION: In mid-afternoon trading, Netflix was little changed near $418 per share.
12:09 EDTAMCX, CMCSA, SNI, TWX, DISCASony announces launch of PlayStation Vue in New York, Chicago, Philadelphia
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09:23 EDTCMCSA, DISVerizon may launch mobile TV service as soon as June, Bloomberg says
Verizon (VZ) has secured mobile television streaming rights with Viacom (VIA, VIAB) and DreamWorks Animation (DWA) and plans to start a mobile video streaming service as early as June, according to Bloomberg, citing a person familiar with the matter. Verizon plans to have programming from ABC (DIS), NBC (CMCSA), CBS (CBS) and Fox (FOXA) as part of the service, the report added. The Fly notes that Verizon has publicly confirmed previously that it plans to launch such a service, but has not provided many details to date.
07:54 EDTCMCSA, DISComcast may be forced to put content on Apple TV, NY Post says
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07:30 EDTT, TWC, DTV, CMCSAAT&T-DirecTV getting less attention than Comcast-Time Warner Cable, Reuters says
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06:53 EDTLGFLionsgate closing $375M financing agreement with Chinese broadcaster, WSJ says
Lionsgate CEO Jon Feltheimer said in a Wall Street Journal interview that the company is closing a $375M financing agreement with Hunan TV & Broadcast Intermediary that may boost its ability to screen films in China. Hunan will fund 25% of Lionsgate production costs over a three year period which the Journal notes could total $1.5B, though popular franchises "Hunger Games," "Divergent," and "Twilight" are not covered. Hunan's subsidiary will acquire rights to distribute up to four Lionsgate films in China, and the two companies will also produce films and television shows for both U.S. and Chinese markets, with a "Candy Crush Saga" TV show being a likely first candidate, according to Feltheimer. Reference Link
06:31 EDTDISCADiscovery, Viacom in talks to be on Apple TV service, WSJ reports
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06:16 EDTT, CMCSA, DISAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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March 17, 2015
17:19 EDTTWXTime Warner, CBS CEOs discussed possible merger last year, Bloomberg reports
CBS (CBS) CEO Les Moonves and Time Warner (TWX) CEO Jeff Bewkes had discussions about combining their companies in meetings last year, Bloomberg reports, citing three people with knowledge of the matter. Reference Link
16:40 EDTCMCSACharter shareholders approve share issuance in transactions with Comcast
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15:56 EDTTWXTime Warner, CBS CEOs discussed possible merger last year, Bloomberg reports
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13:06 EDTTWX, DIS, CMCSABattleground: Analysts take opposite sides on Netflix
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12:46 EDTCMCSANBC planning for cable-dependent Apple TV app for 2H15, 9to5Mac reports
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11:36 EDTCMCSA, DISApple may launch standalone TV in 2016, says Piper Jaffray
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10:21 EDTCMCSAAtlanta Braves and Comcast announce technology and real estate partnership
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10:02 EDTSNIHigh option volume stocks
High option volume stocks: NGL ARCO ENR OIL SNI ESPR CYH WIN CRZO DISH
09:10 EDTDISDISH announces four new A+E Network channels
Dish's (DISH) Sling TV announced that four A+E Networks’ channels -- A&E, HISTORY, H2 and Lifetime -- will be available in its “Best of Live TV” core package by the end of March. The company’s core package will remain priced at $20 per month. With this update also comes the introduction of two new add-on packs, “Lifestyle Extra” and “World News Extra,” each priced at an additional $5 per month. Sling TV will announce A+E Networks’ launch date and Video-On-Demand availability within the coming weeks. Sling TV plans to provide existing “News & Info Extra” subscribers with both the “Lifestyle Extra” and “World News Extra” for a total of $5 per month. A&E is jointly owned by Disney (DIS) and Hearst.
08:49 EDTSNIScripps acquisition of Polish business difficult to understand, say Bernstein
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07:48 EDTSNIScripps to meet with BBC Trust over GBP500M offer for UKTV stake, Guardian says
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05:46 EDTTWX, DISApple set to launch online TV service this year, Financial Times reports
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