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Stock Market & Financial Investment News

News Breaks
December 4, 2012
07:15 EDTTI, DISCASources: Clessidra offers to buy Telecom Italia Media, Reuters reports
According to two sources, Clessidra, an Italian private equity fund, has offered to acquire Telecom Italia Media, Reuters reports. Telecom Italia Media is 77% owned by Telecom Italia (TI). Other potential bidders were Discover (DISCA), Hutchison Whampoa's Italian telecoms operator and Cairo Communication. Reference Link
News For TI;DISCA From The Last 14 Days
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September 1, 2015
11:47 EDTTITelecom Italia upgraded to Outperform from Sector Perform at RBC Capital
August 24, 2015
14:13 EDTTITelecom Italia downgraded to Underperform from Neutral at Macquarie
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06:30 EDTDISCADiscovery exec: Group in 'hand to hand combat' with Netflix, Guardian says
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August 20, 2015
09:17 EDTDISCADisney hit with another downgrade on TV concerns
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06:36 EDTDISCABernstein cuts Disney, Time Warner with TV entering 'structural decline'
Bernstein analyst Todd Juenger downgraded his rating on both Disney (DIS) and Time Warner (TWX) saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. The analyst moved both companies to a Market Perform rating from Outperform, and lowered his price target for Disney to $114 from $125 and for Time Warner to $90 from $101. He called the downgrade of Time Warner a "very close call" as his new price target still represents 15% upside from current levels. Share performance in the entire Media sector will be challenged until the content owners take steps to "reclaim on-demand viewing" from streaming services like Netflix (NFLX) and use it to protect affiliate fees, Juenger argues. His Outperform-rated names are Nielsen (NLSN) and 21st Century Fox (FOXA). Along with Time Warner and Disney, the analyst has Market Perform ratings on AMC Networks (AMCX), CBS (CBS), Scripps Networks (SNI) and Discovery (DISCA). Juenger has an Underperform rating on Viacom (VIAB). Wells Fargo on Tuesday also downgraded Disney to Market Perform. Piper Jaffray this morning told investors that the recent pullback in shares of AMC Networks brings a "great" entry point into the name.

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