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Stock Market & Financial Investment News

News Breaks
February 7, 2013
06:18 EDTTWX, SIXSix Flags partners with Roadrunner Records for first original song for a coaster
Roadrunner Records is owned by Warner Music Group.
News For SIX;TWX From The Last 14 Days
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December 21, 2014
17:15 EDTTWXWarner Bros' ‘The Hobbit’ prevails at weekend box office, Bloomberg says
“The Hobbit: The Battle of the Five Armies,” from Warner Bros. (TWX) topped Sony's (SNE) remake of “Annie” and 21st Century Fox's (FOX, FOXA) The “Night of the Museum” this weekend, says Bloomberg. The action-fantasy from Warner Bros.brought in $56.2M in weekend sales, added Bloomberg. Reference Link
December 16, 2014
08:29 EDTTWXComcast to launch online live stream of NBC, WSJ reports
Comcast's (CMCSA) NBC is launching a live stream of its broadcast network online today and plans for it to be available on mobile platforms early next year, but NBC does not plan to sell a separate online version without requiring a pay-TV subscription, unlike peers CBS (CBS) and Time Warner’s (TWX) HBO, said The Wall Street Journal. Reference Link
06:36 EDTTWXAmazon says HBO GO now available on Fire TV
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December 12, 2014
10:35 EDTSIXSeaWorld CEO exit sparks talk of Busch Gardens split
Shares of theme park operator SeaWorld (SEAS) climbed in early trading, but have since given up their gains, following the departure of the company's CEO and president, Jim Atchison. Research firm FBR Capital suggested that the company could be split into two parts. According to the firm, SeaWorld's stock could eventually be worth about double its present value if the company does decide to pursue a break-up. WHAT'S NEW: After SeaWorld announced last night that its current CEO would step down from the position as of January 15 and be replaced on an interim basis by its chairman, FBR Capital analyst Barton Crockett wrote that a split up of the company "looks compelling." Specifically, SeaWorld could split its SeaWorld parks off from the other parks it owns, including Busch Gardens and Sesame Place, the analyst stated. In such a scenario, the other parks could be seen as an eventual takeover target for theme park operators Six Flags (SIX) and Cedar Fair (FUN), although an acquisition would not take place for two years due to tax issues, Crockett stated. Following a split, truncated SeaWorld should be valued at $4 per share, while the other parks could trade at $12 per share, the analyst stated. However, the spun off SeaWorld shares could eventually rebound to $17 if its initiatives to revitalize its weak attendance bear fruit or if it turns itself into a REIT, Crockett stated. Under the scenario outlined by Crockett, SeaWorld's stock, currently trading at about $16.60, could be worth $29. Additionally, split off SeaWorld could be taken private a few years later at a 30% premium, Crockett believes. While the analyst does not think the board wants to split the company, he says that the CEO vacancy could spark greater interest in the idea among investors, or CEO candidates could embrace the concept. Crockett kept a $20 price target and Outperform rating on SeaWorld. WHAT'S NOTABLE: SeaWorld's CEO change is likely to be viewed positively by investors, given the challenges faced by the company, Wells Fargo analyst Timothy Conder wrote in his own note to investors today. However, the analyst thinks the company lacks fundamental catalysts through the first half of next year and is facing difficult comparisons. He kept a Market Perform rating on the shares. PRICE ACTION: In early trading, SeaWorld fell 4c, or 0.25%, to $16.06.
06:17 EDTTWXTime Warner CEO talks potential mergers in media space, NY Post reports
Time Warner CEO Jeff Bewkes discussed the potential of a merger with CBS (CBS) and Viacom (VIA) at yesterday's DealBook conference, New York Post reports. Bewkes said, "They may want to be a merger partner for somebody or maybe even for themselves."Reference Link
December 11, 2014
07:49 EDTTWXThe New York Times to hold a conference
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December 10, 2014
06:03 EDTTWXHBO plans to launch web-only service in April, Fortune reports
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05:59 EDTTWXHBO CTO Berkes to exit cable network, Variety reports
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December 9, 2014
15:03 EDTTWXDiscovery Communications rises after CEO sees outperforming U.S. peers
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13:53 EDTTWXTime Warner CEO: Bundle will continue to be dominant
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07:32 EDTTWXUBS to hold a conference
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06:48 EDTTWXAnalysts say Netflix undermining TV ad revenue, NY Times reports
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December 8, 2014
10:00 EDTTWXOn The Fly: Analyst Initiation Summary
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