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Stock Market & Financial Investment News

News Breaks
May 8, 2014
07:37 EDTLMCA, CHTR, TWCLiberty Media to spin-off Liberty Broadband into new publicly-traded company
Liberty Media’s (LMCA) board has authorized management to pursue a plan to spin-off to its stockholders common stock of a newly formed company to be called Liberty Broadband and to distribute subscription rights to acquire shares of Liberty Broadband’s common stock. Liberty Broadband would be comprised of, among other things, Liberty Media's interest in Charter Communications (CHTR), subsidiary TruePosition, minority equity investment in Time Warner Cable (TWC) and certain deferred tax and deferred revenue liabilities, as well as liabilities related to the Time Warner call option. In the spin-off, record holders of Series A, Series B and Series C common stock would receive one-fourth of a share of the corresponding series of Liberty Broadband common stock for each share of common stock held by them as of the record date for the spin-off, with cash in lieu of fractional shares. In addition, stockholders will also receive a subscription right to acquire one share of Series C Liberty Broadband common stock for every five shares of Liberty Broadband common stock they receive in the spin-off. The subscription rights are being issued to raise capital for general corporate purposes of Liberty Broadband and will enable the holders to acquire shares of Series C Liberty Broadband common stock at a 20% discount to the 20-trading day volume weighted average trading price of the Series C Liberty Broadband common stock following the completion of the spin-off. The company expects the subscription rights to become publicly traded once the exercise price has been established and the rights offering to expire forty trading days following the completion of the spin-off. The spin-off and rights offering are intended to be tax-free to stockholders of Liberty Media and the completion of the spin-off and commencement of the rights offering will be subject to various conditions, including the receipt of an opinion of tax counsel. Subject to the satisfaction of these conditions, the completion of the spin-off and the commencement of the rights offering is expected to occur in the second half of 2014.
News For LMCA;CHTR;TWC From The Last 14 Days
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August 27, 2014
07:17 EDTTWCTime Warner Cable says experiencing 'widespread' technical issues
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06:40 EDTTWCTime Warner Cable customers reporting outages, Business Insider reports
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August 26, 2014
11:37 EDTTWCTime Warner Cable to pay $1.1M to resolve outage reporting violations, FCC says
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10:51 EDTCHTR, TWCZoom Telephonics files FCC petition opposing Charter's cable modem policies
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09:35 EDTTWCNetflix files formal protest against Comcast merger, Engadget reports
Netflix (NFLX) has filed a petition to the FCC against the proposed merger between Comcast (CMCSA) and Time Warner Cable (TWC), as the streaming company has previously indicated it would, reported Engadget. Netflix claims the deal would result in "serious public interest harm" and that a merged cable giant would have huge leverage over it and rivals like Hulu, which is a joint venture owned by Comcast itself along with partners Disney (DIS) and 21st Century Fox (FOXA). Reference Link
August 25, 2014
19:00 EDTTWCDISH Network petitions FCC to deny Comcast, Time Warner merger
Citing irreparable harm to competition and consumers, DISH Network (DISH) petitioned the Federal Communications Commission, or FCC, to deny the merger of Comcast (CMCSA) and Time Warner Cable (TWC). The petition to deny outlines, among other things, the critical role high-speed broadband plays in the video industry and the potential for the merger to significantly damage competitive development of over-the-top video and limit consumer access to online video programming.
16:47 EDTLMCAD. E. Shaw & Co reports 5.0% passive stake in Liberty Media
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06:20 EDTTWCFCC seeks more data from Comcast regarding TWC deal, Reuters says
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August 20, 2014
06:13 EDTTWCNetflix signs paid peering deal with Time Warner Cable, Gigaom reports
Netflix (NFLX) has signed a direct interconnection deal with Time Warner Cable (TWC) that would provide Netflix with direct access and faster streams, reports Gigaom. Time Warner Cable confirmed that the deal happened in June and the implementation has been rolling out this month. Reference Link
August 18, 2014
08:05 EDTTWCTime Warner Cable price target raised to $173 from $148 at UBS
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August 17, 2014
20:16 EDTTWCFCC must decide on TWC arrangement as it reviews Comcast deal, WSJ says
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August 15, 2014
07:38 EDTTWCComcast met with FCC this week to argue for deal, NY Post says
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August 14, 2014
19:08 EDTCHTROn The Fly: After Hours Movers
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17:08 EDTTWCSoros Fund Management gives quarterly update on stakes
NEW STAKES: CONSOL Energy (CNX), Google (GOOG), Level 3 (LVLT), Time Warner (TWC), and New Oriental (EDU). INCREASED STAKES: YPF SA (YPF), Apple (AAPL), Facebook (FB), AIG (AIG), and American Airlines (AAL). DECREASED STAKES: Teva (TEVA), Liberty Global (LBTYK), Barrick Gold (ABX), EQT (EQT), and Comcast (CMCSA). LIQUIDATED STAKES: FedEx (FDX), Monster Beverage (MNST), Google (GOOGL), Devon Energy (DVN), Marathon Petroleum (MPC).
16:54 EDTCHTR, LMCABerkshire Hathaway gives quarterly update on stakes
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12:58 EDTCHTR, LMCAJANA Partners gives quarterly update on stakes
NEW STAKES: Apache (APA), FMC Corp (FMC), Civeo (CVEO), PetSmart (PETM), and Charter Communications (CHTR). INCREASED STAKES: Actavis (ACT), AIG (AIG), Mallinckrodt (MNK), HD Supply (HDS), and American Capital (ACAS). DECREASED STAKES: Liberty (LVNTA), Oil States International (OIS), eBay (EBAY), Liberty Media (LMCA), and Liberty Interactive (LINTA). LIQUIDATED STAKES: Sirius XM (SIRI), Juniper (JNPR), Golar LNG (GLNG), Outerwall (OUTR), and Teva (TEVA).
10:05 EDTLMCAOn The Fly: Analyst Upgrade Summary
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09:07 EDTLMCAMorgan Stanley to hold a conference
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06:18 EDTLMCALiberty Media upgraded to Overweight from Equal-Weight at Evercore
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August 13, 2014
11:12 EDTTWCTime Warner Cable adds NBCUniversal portfolio to TV Everywhere
Time Warner Cable announced the addition of NBCUniversal’s portfolio of broadcast and cable networks to its TV Everywhere offering across multiple platforms and devices. Time Warner Cable and Bright House subscribers will have authenticated access to live and on demand content from NBCUniversal’s cable networks including USA Network, Syfy, Telemundo, Bravo, Oxygen, CNBC, MSNBC, mun2, NBC Sports Network, and Golf Channel, as well as local NBC and Telemundo owned broadcast stations.
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