New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 14, 2014
06:40 EDTDISCADiscovery upgraded to Buy from Neutral at Guggenheim
News For DISCA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 19, 2014
14:36 EDTDISCADiscovery acquires exclusive broadcast rights to TNA Impact Wresting
Discovery Communications announced that it has signed a multi-year deal with TNA IMPACT WRESTLING to bring the popular league to homes nationwide on Destination America, the only network dedicated to celebrating the people, places and stories of the United States. Destination America officially enters the ring with its first world premiere of IMPACT WRESTLING in January 2015. The series features some of the biggest names in professional wrestling, including Jeff Hardy, Bobby Roode, Kurt Angle, Bobby Lashley and Gail Kim. The partnership includes the U.S. premieres of additional TNA WRESTLING series and specials and provides Discovery Communications with international broadcasting rights in select regions, to be announced at a later date.
November 18, 2014
09:56 EDTDISCAOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:12 EDTDISCADiscovery upgraded to Neutral from Sell at Citigroup
Subscribe for More Information
November 13, 2014
16:19 EDTDISCAMeritage Group reports 5.0% passive stake in Discovery
Subscribe for More Information
06:17 EDTDISCASony unveils PlayStation Vue, a cloud-based TV service
Subscribe for More Information
November 12, 2014
10:43 EDTDISCABernstein downgrades Discovery, Viacom, citing 'structural decline' in TV
Research firm Bernstein sees strong evidence that audiences of ad-supported TV have entered a period of "structural decline." The firm cut its rating on Discovery (DISCA), the owner of the Discovery Channel and Animal Planet cable stations, and Viacom (VIA,VIAB), which owns MTV and and Nickelodeon. The firm also cut its price target on CBS (CBS). WHAT'S NEW: Noting that audiences for ad-supported TV have fallen by unprecedented amounts for four months, Bernstein analyst Todd Juenger added that consumption of subscription video on demand, or SVOD, services continue to grow. Meanwhile, TV networks are seeing increased competition from Internet websites for ad dollars, limiting the ability of the networks to raise ad prices, Juenger stated. The profit margins and return on investment of content owners are likely to decline over time, the analyst believes. He downgraded Discovery to Market Perform from Outperform and set a $37 price target on the stock, and cut Viacom to Underperform from Market Perform, placing a $71 price target on that stock. Juenger reduced his price target on CBS to $55 from $60 and kept a Market Perform rating on the shares. He kept Outperform ratings on 21st Century Fox (FOXA), Disney (DIS), and Time Warner (TWX), saying that those are least affected by the trend, as they are less dependent than their peers on the American TV ad market and have a large amount of sports programming. PRICE ACTION: In mid-morning trading, Discovery lost 0.6% to $31.81, Viacom class A shares gained 0.6% to $70.09, CBS fell 0.7% to $51.48, Twenty-First Century Fox class A shares lost 0.5% to $34.75, Time Warner fell 0.5% to $77.69 and Disney was flat near $90 per share.
10:00 EDTDISCAOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
06:13 EDTDISCADiscovery downgraded at Bernstein
Subscribe for More Information
November 11, 2014
16:08 EDTDISCADiscovery downgraded to Market Perform from Outperform at Bernstein
Subscribe for More Information

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