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Stock Market & Financial Investment News

News Breaks
February 20, 2014
07:32 EDTFOXAAereo dealt setback by court as broadcasters' battle continues, WSJ reports
In Utah, a federal court placed an injunction on Aereo, which is backed by media mogul Barry Diller, an initial legal win for TV broadcasters against the online video service as the Supreme Court prepares to take up the issue in April, reports the Wall Street Journal. The judge in the case said Aereo, which streams TV signals over the Web for a monthly fee without TV stations' permission, is violating the copyrights of broadcasters. Fox Broadcasting (FOXA) called the ruling "a significant win for both broadcasters and content owners." Reference Link
News For FOXA From The Last 14 Days
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September 12, 2014
11:13 EDTFOXALiberty Global says no 'big' transactions on horizon
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06:56 EDTFOXAEU approves BSkyB $9B pay-TV agreements in Germany, Italy, Reuters says
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September 11, 2014
11:10 EDTFOXAFox COO Carey says company has 'moved on' from Time Warner, THR reports
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06:17 EDTFOXATime Warner not planning HBO IPO, comments on Fox, NY Post reports
Time Warner (TWX) CEO Jeff Bewkes told the Goldman Sachs Communacopia conference that the company is not planning an IPO or tracking stock for HBO, the New York Post reports. Bewkes also commented that the company took 21st Century Fox's (FOXA) takeover offer "very seriously," but it was determined that the integration process would be such a "large undertaking" that shareholders of both companies "would be exposed to incredible and unnecessary risks." Reference Link
September 10, 2014
07:36 EDTFOXAFox loses round in fight with TVEyes, Hollywood Reporter says
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September 9, 2014
07:28 EDTFOXAFOX pursues reality TV joint venture agreement, Hollywood Reporter says
21st Century Fox (FOX, FOXA) president and COO Chase Carey said that the company doesn't want to pursue Time Warner (TWX) again or look for another large deal, but the firm is aiming to finalize an agreement to create a reality television joint venture agreement comprised of Shine Group, Endemol and Core Media in the future, according to Hollywood Reporter, citing comments from Carey. Reference Link
September 5, 2014
06:05 EDTFOXAWarner Bros. to eliminate jobs 'at every level' acros studio, Deadline reports
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September 2, 2014
07:47 EDTFOXA21st Century Fox risk/reward positive, says Bernstein
Bernstein believes that 21st Century Fox's stock can climb 30% if the company meets its EBITDA target of $8.1B. If the company misses the target by $300M, the stock may only drop 3%, estimated the firm, which keeps a $46 price target and Outperform rating on the shares.

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