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Stock Market & Financial Investment News

News Breaks
January 24, 2014
17:42 EDTFOXA, FOX21st Century Fox acquires majority stake in YES Network
21st Century Fox announced an agreement to acquire a majority stake in the Yankees Entertainment and Sports Network, YES Network, raising its ownership position in the regional sports network to 80% from the current 49% it acquired in 2012. The remaining 20% stake will continue to be held by Yankee Global Enterprises. The YES Network delivers exclusive live local television coverage of New York Yankees baseball and Brooklyn Nets basketball, as well as other Emmy Award-winning local and national sports programming. The acquisition is expected to close by the end of the first calendar quarter, subject to regulatory and other requisite approvals. As a result of the acquisition, the YES Network will become a consolidated entity of 21st Century Fox.
News For FOX;FOXA From The Last 14 Days
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November 24, 2014
06:17 EDTFOX, FOXAJetBlue announces partnerships for Fly-Fi Hub
JetBlue (JBLU) is partnering with content providers Coursera, FOX (FOX, FOXA), HarperCollins Publishers, National Geographic, Rouxbe and Time Inc. (TIME) to offer customers more free content than any other U.S carrier in the sky. The Fly-Fi Hub is the new gateway to JetBlue's Fly-Fi offering, the fastest Wi-Fi in the sky, and went live this morning. Available to JetBlue customers via their own personal device, it will offer a wide range of entertainment options such as some of the most popular TV shows from FOX and National Geographic, ebook samples from HarperCollins, e-learning videos from Coursera and Rouxbe and the option to purchase magazines from Time Inc.'s portfolio. In the next phase of JetBlue's Fly-Fi Hub, due to roll out 1Q15, additional content from PBS, Random House and the Wall Street Journal (NWSA, NWS) will be added.
November 21, 2014
09:27 EDTFOXA21st Century Fox shares set to rise, says Sterne Agee
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November 20, 2014
07:42 EDTFOXAStudios looking abroad for opportunity in TV licensing, WSJ reports
For U.S. television studios, such as Time Warner’s (TWX) Warner Bros., licensing shows abroad, which was once a small side business, has become a much-needed source of growth and is increasingly needed to make shows profitable, reported The Wall Street Journal. In addition to Time Warner, CBS Corp. (CBS), Sony (SNE) and 21st Century Fox (FOXA) also see huge promise from international TV distribution, the report noted. Reference Link

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