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Stock Market & Financial Investment News

News Breaks
January 23, 2014
10:19 EDTCHTR, LMCA, TWCLiberty Media expresses support for Charter's Time Warner Cable proposal
Liberty Media Corporation (LMCA) released the following statements from its Chairman, John Malone, and its President and CEO, Greg Maffei, regarding their support for the Charter (CHTR) proposal to Time Warner Cable (TWC): “The proposed consolidation of Charter and Time Warner Cable, under the respected operational leadership of Tom Rutledge, will enable the cable industry to adopt common technology, brands and service offerings providing the scale necessary to compete in today’s marketplace,” said John Malone, Chairman of Liberty Media. “This industry brought to the home 500 channels; digital compression and high speed internet, but needs scale to attract the developers and innovators critical to remaining competitive.” “A key reason Liberty invested in Charter was the strength of Tom Rutledge and his management team. They have done a tremendous job turning around Charter's business and we are pleased with the performance of our investment,” said Greg Maffei, President and CEO of Liberty Media. “Charter has been and can continue to be successful on a standalone basis, but the proposed combination with Time Warner Cable will drive shareholder value for all.”
News For LMCA;CHTR;TWC From The Last 14 Days
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March 31, 2015
08:45 EDTCHTR, TWCLiberty Broadband announces stockholder agreement with Charter
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08:43 EDTCHTRLiberty Broadband announces stockholder agreement with Charter
08:31 EDTCHTRCharter to acquire Bright House Networks for $10.4B
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08:10 EDTCHTR, LMCACharter to buy Bright House for $10.4B in stock, CNBC reports
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07:58 EDTLMCALiberty Media upgraded at Buckingham
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07:41 EDTTWC, CHTRCharter strikes deal to buy Bright House for $10B, Reuters reports
Charter Communications (CHTR) has agreed to buy Bright House Networks, which has about 2.5M cable subscribers, in a deal valued at close to $10B, according to Reuters, citing a source familiar with the matter. The deal is contingent on Comcast's (CMCSA) deal for Time Warner Cable (TWC) being approved by regulators, the report added. Charter shares are up 3.7% to $190.15 in pre-market trading following the report. Reference Link
07:33 EDTTWCComcast enters agreement with CFO to establish new strategic company
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07:31 EDTLMCALiberty Media upgraded to Buy from Neutral at Buckingham
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March 30, 2015
08:22 EDTTWCComcast presents new arguments in Time Warner Cable merger case, NY Post says
Comcast (CMCSA, CMCSK) told regulators this week that its potential merger with Time Warner Cable (TWC) will not substantially affect its national broadband marketshare under recently changed FCC rules, reports the New York Post, citing sources. The move follows a ruling that establishes a heightened minimum download speed to qualify a service as "broadband," which now means that Time Warner Cable does not technically offer broadband in many markets. An antitrust lawyer working against the merger said, "That’s grasping at straws." Reference Link
07:36 EDTTWCConcerns over Comcast deal overdone, says Wells Fargo
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March 27, 2015
06:14 EDTTWCAT&T betting on slow decline in traditional cable packages, WSJ says
AT&T (T) knew that demand for cable bundles had likely peaked when it bought DirecTV (DTV), but the company believes the decline in traditional cable businesses will be slower than anticipated, allowing it to fund upgrades to its broadband network, reports the Wall Street Journal, citing statements by Chief Strategy Officer John Stankey. "The world is going to be broadband... and that is where we want to be," said Stankey. The Journal notes that Apple (AAPL), Time Warner's (TWC) HBO, and Dish (DISH) have launched or plan to launch web-TV packages and services. Reference Link
March 26, 2015
08:51 EDTCHTRCharter to participate in industry consolidation, says Canaccord
Canaccord continues to believe that Charter will be involved with and benefit from industry consolidation. The firm said the company continues to be in a position to take market share and is in an even better position as an industry consolidator should any of the current transactions not receive regulatory approval. Canaccord reiterates a Buy rating and $203 price target on Charter shares.
08:08 EDTTWCTime Warner Cable standalone value $172 per share, says Wunderlich
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March 25, 2015
15:33 EDTTWCCPUC vote on Comcast deal pushed out to May 7, LA Times reports
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10:29 EDTTWCDISH Chairman Ergen says Comcast, TWC merger should be blocked
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09:22 EDTTWCTime Warner Cable disputes report of Dodgers channel writedown, LA Times says
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March 24, 2015
08:19 EDTTWCTime Warner Cable expected to write down Dodgers deal by up to $1B, NY Post says
Time Warner Cable (TWC) is expected to write down the value of its LA Dodgers distribution rights by up to $1B, reports the New York Post, citing sources. The writedown may be a requirement before any deal with Comcast (CMCSA, CMCSK) can be made, suggested one of the sources. Reference Link
March 20, 2015
09:59 EDTTWC, CHTRCharter may have interest in Cablevision 'at some point,' says Detwiler
Detwiler Fenton believes there is truth to last week's reports of Charter (CHTR) being in talks to acquire Bright House Networks. In addition, the firm says its checks indicate Charter may have interest in buying Suddenlink Communications and Cablevision (CVC) "at some point" as a part of a lager acquisition strategy. Detwiler adds Charter's potential deal strategy assumes Comcast's (CMCSA) bid for Time Warner (TWC) wins regulatory approval. Should the deal not get approved, Detwiler believes Charter will turn its attention back to Time Warner.
March 18, 2015
07:30 EDTTWCAT&T-DirecTV getting less attention than Comcast-Time Warner Cable, Reuters says
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March 17, 2015
16:40 EDTCHTRCharter shareholders approve share issuance in transactions with Comcast
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