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Stock Market & Financial Investment News

News Breaks
February 14, 2013
10:14 EDTDISCADiscovery says 'fully on track' to see OWN's cash flow break even in 2H
The company says it will continue to return capital to shareholders aggressively if it is the best use of its balance sheet, says first priority remains investing in core business. Anticipates returning similar amounts of capital to shareholders through buybacks in 2013 as in 2012. Comments made on the Q4 earnings conference call.
News For DISCA From The Last 14 Days
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January 23, 2015
07:22 EDTDISCADiscovery's bid for Ten Networks expected to be rejected, AFR reports
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January 21, 2015
12:54 EDTDISCADiscovery to bid for rights to screen English Premier League, Bloomberg reports
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January 20, 2015
07:25 EDTDISCAViacom buys 50% stake in five Indian TV channels, WSJ says
Viacom (VIA, VIAB) is completing a deal with India's Reliance Industries giving it 50% ownership of five Indian TV channels for an undisclosed sum, reports the Wall Street Journal. Competitors including Discovery Communications (DISCA), 21st Century Fox (FOX, FOXA), and AMC Networks (AMCX) are similarly looking towards foreign investment as U.S. consumers move away from traditional cable packages. PricewaterhouseCoopers predicts 16% annual growth in Indian TV revenue over the next five years. Reference Link

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