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Stock Market & Financial Investment News

News Breaks
March 11, 2014
13:20 EDTCMCSA, FOXA, DIS, CMCSK, DTVDirecTV says views Latin America as company's best growth opportunity
Says will have "more to say" re: online TV later this year. Says "not shy" at looking at M&A candidates. Says looked at Hulu (DIS, CMCSA, FOXA). Says confident in U.S. business. Says "still shooting" for EPS of $8 in 2016 ex-Venezuela. Comments made at Deutsche Bank's Media, Internet and Telecom conference.
News For DTV;DIS;CMCSA;CMCSK;FOXA From The Last 14 Days
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June 26, 2015
08:28 EDTDISDisney considers $1B Disneyland expansion in tax deal with Anaheim
The city of Anaheim, California said it is expected to consider an entertainment tax policy for the Disneyland Resort at its July 7 meeting as Walt Disney Parks and Resorts evaluates a significant investment in its existing operations in the Anaheim Resort. Disney is evaluating the addition of new attractions to drive attendance with a potential investment that could be valued at $1B. If Disney decides to move forward, it would have until December 31, 2024, to complete its investment under the proposed agreement. The expansion under consideration requires no City funding or bond financing. The resolution going before the Council extends a nearly 20-year agreement with Disney regarding entertainment tax policy.
June 25, 2015
15:07 EDTFOXABrian Sullivan named president of digital, Fox Networks Group
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09:08 EDTDISOn The Fly: Pre-market Movers
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08:28 EDTFOXAFox News Chairman and CEO Roger Ailes signs new multi-year contract
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June 24, 2015
19:53 EDTCMCSA, CMCSKComcast to offer EA games over cable box, DSLReports says
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16:20 EDTDISDisney plans semi-annual dividend, says raising dividend 15% annually
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14:51 EDTFOXASirius XM, Fox News announce partnership on new channel
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13:58 EDTCMCSA, FOXA, CMCSKChernin, NBCUniversal agree on two year deal, L.A. Times reports
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08:25 EDTCMCSA, DISNetflix on pace to have larger audience than all networks, FBR says
FBR Capital analyst Barton Crockett says that while Netflix (NFLX) is not rated by Nielsen (NLSN), the 10B hours streamed in Q1 reported by the company are equivalent to having a 24-hour rating of 2.6, on par with Disney's (DIS) ABC and Comcast's (CMCSA) NBC. And while ratings at broadcasters are falling on average, Netflix is growing its ratings at a 40%-plus compound annual rate, Crockett tells investors this morning in a research note. At this pace, Netflix in a year will have a larger 24-hour audience than all broadcast networks, he contends. Regarding last night's 7-for-1 stock split announcement, Crockett says the move reflects management's confidence in the "durability of the recent stock surge." For perspective, three years ago Netflix shares were around $60. This morning they are trading up $18.69 to $699.88 in the pre-market. Crockett has an Outperform rating on the streaming service with a $900 price target.
07:43 EDTDISDisney not investing $250M to DraftKings, Re/code reports
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June 23, 2015
13:09 EDTDIS, CMCSAHulu to sell Showtime premium package for subscribers
Hulu (DIS;NWSA;CMSA) will sell Showtime Networks' (CBS) Internet streaming service to subscribers in early July, reports Variety. Hulu will offer Showtime to its subscribers for $8.99 in addition to the $7.99 fee Hulu subscribers pay per month.Reference Link
05:41 EDTDTVAT&T upgraded to Buy from Neutral at UBS
UBS analyst John Hodulik upgraded AT&T (T) to Buy citing an attractive valuation at current share levels. Hodulik expects the phone giant's core domestic wireless business to show "meaningful improvement" in Q2. He also thinks financial benefits from the DirecTV (DTV) acquisition are being underappreciated by the market. Hodulik raised his price target for AT&T shares to $42 from $34. The stock was also upgraded this morning by Barclays analyst Amir Rozwadowski. AT&T shares closed yesterday up 5c to $35.04.
05:35 EDTDTVAT&T upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Amir Rozwadowski upgraded AT&T (T) to Overweight saying earnings estimates should move higher following the close of the DirecTV (DTV) acquisition. After visiting AT&T's headquarters, Rozwadowski believes synergies from the deal are "too material to ignore." He raised his price target for AT&T shares to $39 from $34. The stock closed yesterday up 5c to $35.04.
June 22, 2015
15:04 EDTCMCSA, CMCSKT-Mobile could abandon DISH for Comcast, Forbes contributor says
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13:19 EDTDISMarvel Entertainment wins patent dispute over Spider-Man toy, Variety says
The Supreme Court sided with Disney 's Marvel Entertainment in a case involving a patent on a toy owned by Stephen Kimble that shoots web from pressurized foam string, says Variety. The Court would not overrule precedent and ruled in favor of Marvel Entertainment that a patentee cannot continue to receive royalties for a patent after it expires, added Variety. Reference Link
09:52 EDTDTVKimberly-Clark names DirecTV CEO Michael White to board of directors
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06:59 EDTCMCSAComcast, NBCUniversal using cross-promotional strategy, NY Times says
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June 21, 2015
19:21 EDTFOXAFox rejects offers from Vodafone, Vivendi for Sky stake, Telegraph says
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17:57 EDTCMCSA, DIS, CMCSKRealD says 3D screens accounted for 47% of weekend 'Jurassic World' gross
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16:21 EDTFOXA, CMCSA, DIS, CMCSKUniversal's 'Jurassic World' leads U.S. weekend box office with $102M
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