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Stock Market & Financial Investment News

News Breaks
February 1, 2013
18:58 EDTJCOM, NWSANews Corp. to sell IGN gaming unit to J2's Ziff Davis, AllThingsD says
News Corp. (NWSA) is close to completing a sale of its gaming unit, IGN, to Ziff Davis, which is owned by J2 Global (JCOM), according to an AllThingsD report that cites sources close to the situation. The report says News Corp. bought IGN for $650M in 2005, and that this transaction is "considerably lower." Reference Link
News For NWSA;JCOM From The Last 14 Days
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March 24, 2015
07:01 EDTJCOMj2 Global acquires SugarSync assets
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March 23, 2015
11:12 EDTJCOMj2 Global management to meet with FBR Capital
Meeting to be held in Chicago on March 25 hosted by FBR Capital.
March 20, 2015
06:28 EDTNWSAReuters' news sites 'inaccessible' in China, Reuters reports
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March 19, 2015
05:24 EDTNWSANews Corp builds investment plan in APN News to 14.99% stake
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March 18, 2015
07:29 EDTJCOMNorthland Capital Markets to hold a conference
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March 16, 2015
15:13 EDTNWSANews Corp. management to meet with Jefferies
Meeting to be held in Boston on March 20 hosted by Jefferies.
10:44 EDTNWSANetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.

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