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Stock Market & Financial Investment News

News Breaks
February 18, 2014
06:45 EDTSNI, DISCA, CMCSA, TWCComcast deal could spur wave of consolidation, NY Times says
Comcast's (CMCSA) proposed acquisition of Time Warner Cable (TWC) could spur "a frenzy" of M&A deals as cable networks, and cable operators could look to combine, The New York Times reported Friday night. Last month Discovery (DISCA) was considering buying Scripps Networks (SNI), but decided not to pull the trigger, partly because Discovery felt it was already large enough to deal with Comcast, the newspaper stated, citing unnamed sources. But if Comcast gets much larger, cable networks may need to consolidate, the newspaper quoted "a person with knowledge of Discovery’s thinking" as saying. Reference Link
News For SNI;DISCA;CMCSA;TWC From The Last 14 Days
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October 20, 2014
06:34 EDTDISCAHasbro reports pre-tax charge due to restructuring of Hub Network
On September 25, Hasbro (HAS) and Discovery (DISCA) announced Hub Network would become Discovery Family Channel effective October 13, 2014. The network will broaden its programming focus to serve families in primetime and continue to showcase Hasbro Studios award-winning children’s content in daytime. As a result of restructuring the Company’s investment in the Hub Network joint venture, the Company recorded a pre-tax charge of $11.6M, or 6c per diluted share, in the third quarter 2014. This net charge is primarily related to the costs associated with recording the fair value of a put/call option exercisable at the end of 2021 that the Company and Discovery entered into related to this transaction.
October 17, 2014
09:59 EDTCMCSAComcast volatility elevated into Q3 and outlook
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09:29 EDTCMCSAComcast it top large cap pick into the print, says Goldman
Goldman said Comcast is its top large cap pick into the earnings report given steady fundamentals, moderated expectations, and valuation. Shares are Buy rated with a $64 price target.
08:00 EDTTWC, CMCSAHBO may have fight with cable operators over OTT service price, Reuters says
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October 15, 2014
16:00 EDTCMCSAOptions Update; October 15, 2014
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13:22 EDTTWCEarnings Preview: Netflix falls after HBO announced plans of streaming service
Netflix (NFLX) is expected to report third quarter earnings after the market close on Wednesday, October 15 with a conference call scheduled for 6:00 pm ET. Netflix is an Internet subscription service that allows members to watch TV shows and movies through DVD and on-demand streaming. EXPECTATIONS: Analysts are looking for earnings per share of 93c on revenue of $1.41B. The consensus range is 86c-$1.24 for EPS, and $1.39B-$1.43B for revenue, according to First Call. LAST QUARTER: Netflix reported second quarter EPS of $1.15 against estimates of $1.16, on revenue of $1.15B against estimates of $1.33B. It reported Q2 total streaming net additions of 1.69M and Q2-end total streaming members of 50.05M. The company reports Q2 international streaming net additions of 1.12M and Q2-end members of 13.8M. Netflix gave Q3 EPS guidance of 89c and revenue guidance of $1.22B. It also expects to add 3.69M net additions, with international approaching contribution profitability. Netflix said it can achieve U.S.-like margins in its international business. During its Q2 earnings interview, Netflix said it sees a dip in free cash flow for the fourth quarter of 2014 and the first quarter of 2015 as company expands original content. NEWS: Netflix launched in several countries in the past quarter, including France, Germany, Gelgium Austria, Switzerland, and Luxemburg. It also signed a deal with Weinstein Co. to release a feature film sequel to "Crouching Tiger Hidden Dragon" that will be released to a number of IMAX (IMAX) theaters. Netflix signed Judd Apatow to a two-year commitment for an original comedy series, and Adam Sandler to star in four feature films. The company announced a peering deal with Time Warner Cable (TWC) for faster streams and direct access. In a recent post on Facebook, CEO Reed Hastings said the company passed Time Warner's HBO in subscriber revenue. HBO, however, announced plans today to launch a standalone streaming service in the U.S. that does not require a cable TV subscription. STREET RESEARCH: MKM Partners said Netflix's international opportunity is larger than most realize and will eventually be able to provide a global product. The company's price target was raised at RBC Capital due to the opportunities in new European markets, along with favorable survey results in the U.S. and the U.K. Barclays and BTIG upgraded the company, saying international estimates are likely achievable no longer see the stock as underperforming its peers. BTIG expects Netflix's streaming service may reach 100M subscribers worldwide by 2017. Ahead of Q3 earnings, Canaccord said Netflix will likely report in-line results with continued strong subscriber additions and improved international performance. PRICE ACTION: Netflix shares have fell more than to 3.31% since the first day of trading following the company's Q2 report. In Wednesday mid-day trading ahead of Q3 report, Netflix shares are trading down 2.67%.
October 14, 2014
09:02 EDTTWCTime Warner Cable implements CSG Systems SmartVideo
Time Warner Cable (TwC) and CSG Systems (CSGS) announced that Time Warner Cable successfully implemented CSG SmartVideo in markets in New York City, Ohio, Nebraska, Texas, Los Angeles, and San Diego.
October 13, 2014
06:32 EDTCMCSAUniversal receives approval to open $3.27B theme park in Beijing, WSJ reports
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October 12, 2014
15:54 EDTCMCSA21st Century Fox's 'Gone Girl' wins at box office with $26.8M, Bloomberg says
21st Century Fox's (FOX, FOXA) “Gone Girl” took first place at the box office this weekend taking in $26.8M, says Bloomberg. "Dracula Untold,” from Comcast's (CMCSA) Universal Pictures came in second this weekend taking in $23.5M, added Bloomberg. Reference Link
October 10, 2014
13:17 EDTCMCSANielsen to restate some TV rating due to software glitch, Variety reports
Nielsen (NLSN) acknowledged it uncovered a software error on October 6 that had resulted in TV ratings being allocated incorrectly among broadcast and syndication programming since March 2 and that it would restate the ratings accordingly to fix the errors, reported Variety. The company said 98% to 99% of ratings would not be affected by more than .05 of a ratings point and a person familiar with the situation said some TV networks have an expectation that some of their new fall programming will see a very slight uplift due to the restatement, the report noted. The big four broadcast networks are operated by CBS (CBS), Comcast (CMCSA), Disney (DIS) and 21st Century Fox (FOXA). Reference Link
07:04 EDTCMCSAAmazon in talks to join digital locker for movies. WSJ reports
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October 9, 2014
11:00 EDTCMCSA, TWCTime Warner Cable stockholders approve Comcast merger deal
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10:59 EDTCMCSA, TWCTime Warner Cable stockholders approve Comcast merger deal
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09:06 EDTDISCADiscovery obtains exclusive TV rights to Hasbro film
Discovery's (DISCA) Family Channel - formerly Hub Network - has obtained the exclusive broadcast rights to Hasbro's (HAS) animated film "My Little Pony Equestria Girls: Rainbow Rocks" to air on October 17.
08:18 EDTTWC, CMCSATime Warner Cable to host special shareholder meeting
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October 8, 2014
11:04 EDTTWC, CMCSAComcast shareholders approve stock issuance for Time Warner Cable merger
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11:03 EDTTWC, CMCSAComcast shareholders approve stock issuance for Time Warner Cable merger
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07:13 EDTCMCSAHulu may cut number ads on Hulu Plus, NY Post reports
Hulu (FOXA, DIS, CMCSA) CEO Mike Hopkins is looking to cut back on the number of ads that appear on Hulu Plus, reports the New York Post. According to an executive close to the company, Hulu and its partners are “always looking at a variety of ways to create the best possible experience for our viewers and advertisers including reducing the ad load." Reference Link
October 6, 2014
06:41 EDTCMCSA'Gone Girl' leads weekend box office with $38M in sales, WSJ reports
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