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Stock Market & Financial Investment News

News Breaks
August 3, 2013
16:43 EDTTWC, CBSTime Warner Cable CEO says wants to put CBS back on at sensible price
Time Warner Cable (TWC) CEO Glenn Britt said. "CBS (CBS) Television CEO Les Moonves was quoted as saying 'we are now at war with Time Warner Cable.' But the only people CBS is hurting are our viewers who love their shows. Please know that Time Warner Cable is at war with no one. We exist as a company to connect people to the things they love and CBS's shows and sports are a few of those things. We want to put CBS back on the air at a price that makes sense for us and our customers. That's not war, that's what our customers say they want good programming at a fair price and on reasonable terms. We hope CBS will join us at the negotiating table and agree to a contract that is in the best interest of not only CBS, but everyone who enjoys watching television."
News For TWC;CBS From The Last 14 Days
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June 26, 2015
16:00 EDTTWCOptions Update; June 26, 2015
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June 25, 2015
19:58 EDTTWCCharter will not block, throttle net traffic
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12:52 EDTTWCCharter to 'go further' than net neutrality rules in TWC merger, Variety reports
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June 24, 2015
08:25 EDTCBSNetflix on pace to have larger audience than all networks, FBR says
FBR Capital analyst Barton Crockett says that while Netflix (NFLX) is not rated by Nielsen (NLSN), the 10B hours streamed in Q1 reported by the company are equivalent to having a 24-hour rating of 2.6, on par with Disney's (DIS) ABC and Comcast's (CMCSA) NBC. And while ratings at broadcasters are falling on average, Netflix is growing its ratings at a 40%-plus compound annual rate, Crockett tells investors this morning in a research note. At this pace, Netflix in a year will have a larger 24-hour audience than all broadcast networks, he contends. Regarding last night's 7-for-1 stock split announcement, Crockett says the move reflects management's confidence in the "durability of the recent stock surge." For perspective, three years ago Netflix shares were around $60. This morning they are trading up $18.69 to $699.88 in the pre-market. Crockett has an Outperform rating on the streaming service with a $900 price target.
June 23, 2015
13:09 EDTCBSHulu to sell Showtime premium package for subscribers
Hulu (DIS;NWSA;CMSA) will sell Showtime Networks' (CBS) Internet streaming service to subscribers in early July, reports Variety. Hulu will offer Showtime to its subscribers for $8.99 in addition to the $7.99 fee Hulu subscribers pay per month.Reference Link
10:00 EDTTWCOn The Fly: Analyst Downgrade Summary
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08:39 EDTTWCTime Warner Cable downgraded to Sector Perform from Outperform at Scotiabank

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