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Stock Market & Financial Investment News

News Breaks
July 1, 2014
11:04 EDTBKS, BBBY, APOL, MNKD, IRM, CBS, SBGI, FIO, NXST, UNXLOptions with decreasing implied volatility
Options with decreasing implied volatility: MNKD UNXL SBGI APOL NXST CBS BBBY FIO IRM BKS
News For MNKD;UNXL;SBGI;APOL;NXST;CBS;BBBY;FIO;IRM;BKS From The Last 14 Days
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November 14, 2014
08:34 EDTUNXLUni-Pixel to settle previously disclosed shareholder litigation
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07:37 EDTNXSTLocal media ad market looks positive, says Wells Fargo
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November 13, 2014
14:30 EDTNXSTRoystone Capital reports 6.03% passive stake in Nexstar
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13:12 EDTCBSGruss Capital reports 5.02% passive stake in CBS
10:47 EDTCBSLionsgate and CBS Films announce multi-year film distribution partnership
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06:17 EDTCBSSony unveils PlayStation Vue, a cloud-based TV service
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November 12, 2014
12:41 EDTAPOLFor-profit education stocks look appealing, analyst says
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10:43 EDTCBSBernstein downgrades Discovery, Viacom, citing 'structural decline' in TV
Research firm Bernstein sees strong evidence that audiences of ad-supported TV have entered a period of "structural decline." The firm cut its rating on Discovery (DISCA), the owner of the Discovery Channel and Animal Planet cable stations, and Viacom (VIA,VIAB), which owns MTV and and Nickelodeon. The firm also cut its price target on CBS (CBS). WHAT'S NEW: Noting that audiences for ad-supported TV have fallen by unprecedented amounts for four months, Bernstein analyst Todd Juenger added that consumption of subscription video on demand, or SVOD, services continue to grow. Meanwhile, TV networks are seeing increased competition from Internet websites for ad dollars, limiting the ability of the networks to raise ad prices, Juenger stated. The profit margins and return on investment of content owners are likely to decline over time, the analyst believes. He downgraded Discovery to Market Perform from Outperform and set a $37 price target on the stock, and cut Viacom to Underperform from Market Perform, placing a $71 price target on that stock. Juenger reduced his price target on CBS to $55 from $60 and kept a Market Perform rating on the shares. He kept Outperform ratings on 21st Century Fox (FOXA), Disney (DIS), and Time Warner (TWX), saying that those are least affected by the trend, as they are less dependent than their peers on the American TV ad market and have a large amount of sports programming. PRICE ACTION: In mid-morning trading, Discovery lost 0.6% to $31.81, Viacom class A shares gained 0.6% to $70.09, CBS fell 0.7% to $51.48, Twenty-First Century Fox class A shares lost 0.5% to $34.75, Time Warner fell 0.5% to $77.69 and Disney was flat near $90 per share.
08:19 EDTAPOLJPMorgan to hold a conference
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07:48 EDTCBSWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.
07:22 EDTAPOLPiper says time to increase exposure to Education sector
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05:50 EDTMNKDStocks with implied volatility movement; MNKD XLF
Stocks with implied volatility movement; MannKind (MNKD) 65, Financial Select Sector (XLF) 15 according to iVolatility.
November 11, 2014
18:19 EDTCBSCBS, Disney look to block FCC Comcast merger disclosures, Bloomberg says
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16:01 EDTMNKDOptions Update; November 11, 2014
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11:01 EDTSBGISinclair Broadcast promotes Delbert Parks to Chief Technology Officer
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08:32 EDTIRMIron Mountain selling shredding operations in UK, Ireland, Australia for $29.8M
Iron Mountain announced it has signed a definitive agreement to divest its international shredding operations located in the United Kingdom, Ireland and Australia to Shred-it International ULC for approximately $29.8M. Additionally, Iron Mountain has agreed to acquire Canadian-based Securit Records Management Inc., an affiliate of Shred-it International ULC, for approximately $29M. The deals are subject to customary closing conditions and price adjustments, and are expected to close by the end of the year. Iron Mountainís international shredding operations include eight shredding plants and approximately 90 mobile shredding units across the UK, Ireland, and Australia. Going forward, Iron Mountain and Shred-it will work together to provide seamless support for shared customers in these regions. Additionally, the acquisition of Securit Records Management aligns with Iron Mountainís vision to expand its capacity to provide records management services and to grow its brand as a leading information management solution provider. Securit Records Management in Canada consists of nine facilities and three million cubic feet of records. Two of the largest facilities are located in Ottawa and Toronto, where Iron Mountain sought additional space to support new and existing customers. Iron Mountain will continue to operate its substantial shredding business throughout North America, which includes 21 plants, 290 mobile shredding units and serves more than 43,000 customers.
November 10, 2014
07:11 EDTCBSOpen Mobile Media to hold a summit
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November 7, 2014
07:10 EDTNXSTNexstar to generate pro-forma cash flow in excess of $365M in FY14, FY15 cycle
The company said, ďLooking ahead, with distribution agreements representing approximately 60% of Nexstarís MVPD subscribers renewed in FY13 and by FY14 year-end, and another 25% of Nexstarís subscriber households up for renewal in FY15, we project visible ongoing revenue growth from this source in FY15 and beyond. Similarly, digital media revenue growth in the remainder of 2014 and in 2015 will further benefit from our recent accretive acquisitions of Internet Broadcasting Systems and Enterprise Technology Group. These strategic additions to Nexstarís existing digital platform and agency capabilities have expanded Nexstarís digital business portfolio to over $50M in annual run rate revenues. As such, inclusive of the two recently announced station transactions and assuming the completion of all other announced transactions, Nexstar would generate pro-forma free cash flow in excess of $365 million during the 2014/2015 cycle, or average pro-forma free cash flow in excess of $6.00 per share per year. Our current operations alone are tracking to generate blended free cash flow of approximately $4.50 per share per year in the current FY14, FY15 period and with just the free cash flow generated from this base of operations, we expect Nexstarís net leverage to decline to approximately 4.0x at the end of FY14.Ē
07:08 EDTNXSTNexstar reports Q3 EPS 48c, consensus 49c
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07:07 EDTNXSTNexstar to acquire assets of KCWI-TV for $3.5M
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