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Stock Market & Financial Investment News

News Breaks
December 9, 2013
11:39 EDTDISCA, TWCDiscovery says streaming to fuel content strength over next 3 to 4 years
Discovery (DISCA) says content to get stronger over the next three to four years due to the "success in streaming." Says more advertisers coming to the network than in prior years. In terms of the early renewal agreement with Time Warner Cable (TWC), the company said that they have "reached a good conclusion" and that they were able to do their first "TV Everywhere" platform. Says the platform can increase future revenue. Reports more people watching their channels and saw mid-single digit subscriber growth and continues to push subscription fees. The company said it aims to make sure that consistent growth of subscription fees occurs since it feels that it comprises a "significant part" of the company's growth. Says 80% of DVR content is viewed within three days of airing. Hopes to have a "steadier hand" in 2014 in terms of content. Expects OWN to be profitable this upcoming quarter. Comments made during the UBS Global Media and Communications Conference.
News For DISCA;TWC From The Last 14 Days
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April 17, 2014
06:58 EDTTWCNetflix, Comcast deal questioned by senator, NY Post says
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April 16, 2014
19:43 EDTDISCADiscovery drops bid for Channel 5, Reuters says
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10:00 EDTTWCOn The Fly: Analyst Upgrade Summary
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07:12 EDTDISCABSkyB, Discovery make joint offer for Channel 5, Bloomberg says
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05:54 EDTTWCTime Warner Cable upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo upgraded Time Warner Cable (TWC) to Outperform on expectations the merger with Comcast (CMCSA) will get approved. Wells raised the low end of its price target range for shares to $140-$160 from $132.50-$160.
April 15, 2014
10:10 EDTDISCADiscovery, 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
07:26 EDTTWCReport: Comcast raised advertised basic TV rates 68% over 4 years, NY Post says
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April 11, 2014
07:26 EDTTWCTime Warner struggling to force Dodgers network on pay-TV players, LAT say
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April 10, 2014
07:49 EDTTWCLawmakers concerned over Internet share of combined Comcast-TWC, LAT says
During merger review proceedings, legislators on the Senate Judiciary Committee expressed particular concern about the 40% nationwide share of the Internet market that would be held by a combined Comcast (CMCSA) and Time Warner Cable (TWC) if the two are permitted to merge, reported The Los Angeles Times. Reference Link
April 9, 2014
07:31 EDTTWCSenate Judiciary Committee to hold a hearing
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07:28 EDTTWCComcast, Time Warner go before lawmakers on merger plan, Reuters says
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07:07 EDTTWCComcast sees ample competition to permit deal, lawmakers cautious, WSJ says
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April 8, 2014
12:55 EDTTWCComcast, TWC filing reference development of Apple TV box, 9to5Mac says
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12:01 EDTTWCComcast says consumers would benefit from acquisition, The Hill says
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08:57 EDTTWCSmall rivals to testify in Comcast, Time Warner hearing, Bloomberg says
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07:52 EDTTWCComcast, Time Warner execs go before critic at hearing, Reuters says
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06:59 EDTTWCComcast, Time Warner Cable Internet businesses to be examined, NY Times says
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