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Stock Market & Financial Investment News

News Breaks
February 24, 2014
06:11 EDTDISHLightSquared says Dish's Ergen can agree to plan or risk $1B, Bloomberg reports
In Manhattan today, U.S. Bankruptcy Judge Shelley Chapman is scheduled to consider whether to approve LightSquared’s disclosure statement, which lays out the terms of the reorganization proposal, on which creditors can then vote, reports Bloomberg. LightSquared, run by Philip Falcone, has proposed a bankruptcy plan that would punish Dish Network Chairman Charles Ergen, a creditor and onetime bidder for the wireless company, if he doesn’t go along. A “no” vote from Ergen’s SP Special Opportunities LLP, which holds over $1B in LightSquared debt, would put his fund far behind other creditors in getting paid. Reference Link
News For DISH From The Last 14 Days
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January 21, 2015
11:28 EDTDISHDISH found liable for 'tens of millions' of telemarketing violations by court
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January 20, 2015
19:27 EDTDISHDISH Slingbox, Hopper features upheld in copyright ruling
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January 15, 2015
18:03 EDTDISHDISH, Fox News reach content carriage agreement
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January 14, 2015
17:19 EDTDISHDISH being questioned by FCC over Sling online TV service, Re/code reports
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16:33 EDTDISHOn The Fly: Closing Wrap
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10:28 EDTDISHViacom carriage deal with DISH goes until 2016, Faber says
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06:28 EDTDISHViacom downgraded to Sell from Buy at Citigroup
Citigroup downgraded Viacom (VIAB) two notches to Sell from Buy and lowered its price target for shares to $62 from $88. Citi says its new price target assumes a 50% probability that DISH (DISH) drops Viacom's channels. The firm sees 30% share downside risk should such an event occur. Citi lists two potential M&A deals that could offset the downside risk: Viacom acquiring CBS (CBS), which it feels would be neutral for the stock, or another media firm acquiring Viacom, which it feels could drive 20% upside for Viacom shares. Citi assumes a 10% probability of Viacom getting bought out.

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