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Stock Market & Financial Investment News

News Breaks
July 31, 2014
08:56 EDTTWCTime Warner Cable sees FY14 revenue growth in low end of 3.5%-4.5%
FY14 revenue consensus of $23.02B. The company said it does not expect to have any additional affiliate agreements for Dodgers this year, and expects SportsNet LA to cost the company 50 basis points in revenue growth. Including the benefit, the company had seen a 4%-5% revenue growth for 2014. Adjusting for the lack of Dodgers in its growth, the company expects to see revenue and adjusted OIBDA in FY14 to be in the low end of its range. Otherwise, the company sees typical sequential trends in Q3, with total company OIBDA weighted towards Q4. Comments taken from Q2 earnings conference call.
News For TWC From The Last 14 Days
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April 1, 2015
07:28 EDTTWCCharter acquisition positive, says Wells Fargo
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07:27 EDTTWCComcast tells FCC it should not be required to offer NBC to rivals, NY Post says
Comcast (CMCSA, CMCSK) has told the FCC it does not believe it should be required to offer NBC content to its rivals after January 2018, reports the New York Post, citing sources. The company believes that the advent of new web TV offerings -- including Dish's (DISH) Sling TV, which launched without any NBC content -- mean that NBC is no longer needed for a service to find traction. The FCC believes that in light of Comcast's potential merger with Time Warner Cable (TWC), allowing it to withhold NBC content may prove too anticompetitive, said one source. Separately, the source said the merger review is "in the bottom of the sixth inning." Reference Link
March 31, 2015
16:50 EDTTWCOn The Fly: Closing Wrap
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14:59 EDTTWCComcast 'balking' at costs of CPUC broadband proposal, CT Financial News reports
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12:31 EDTTWCOn The Fly: Midday Wrap
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10:59 EDTTWCCharter $10B deal for Bright House headlines busy day in cable industry
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10:13 EDTTWCCharter says scale, balance sheet after deal give significant flexibility
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08:45 EDTTWCLiberty Broadband announces stockholder agreement with Charter
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07:41 EDTTWCCharter strikes deal to buy Bright House for $10B, Reuters reports
Charter Communications (CHTR) has agreed to buy Bright House Networks, which has about 2.5M cable subscribers, in a deal valued at close to $10B, according to Reuters, citing a source familiar with the matter. The deal is contingent on Comcast's (CMCSA) deal for Time Warner Cable (TWC) being approved by regulators, the report added. Charter shares are up 3.7% to $190.15 in pre-market trading following the report. Reference Link
07:33 EDTTWCComcast enters agreement with CFO to establish new strategic company
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March 30, 2015
08:22 EDTTWCComcast presents new arguments in Time Warner Cable merger case, NY Post says
Comcast (CMCSA, CMCSK) told regulators this week that its potential merger with Time Warner Cable (TWC) will not substantially affect its national broadband marketshare under recently changed FCC rules, reports the New York Post, citing sources. The move follows a ruling that establishes a heightened minimum download speed to qualify a service as "broadband," which now means that Time Warner Cable does not technically offer broadband in many markets. An antitrust lawyer working against the merger said, "Thatís grasping at straws." Reference Link
07:36 EDTTWCConcerns over Comcast deal overdone, says Wells Fargo
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March 27, 2015
06:14 EDTTWCAT&T betting on slow decline in traditional cable packages, WSJ says
AT&T (T) knew that demand for cable bundles had likely peaked when it bought DirecTV (DTV), but the company believes the decline in traditional cable businesses will be slower than anticipated, allowing it to fund upgrades to its broadband network, reports the Wall Street Journal, citing statements by Chief Strategy Officer John Stankey. "The world is going to be broadband... and that is where we want to be," said Stankey. The Journal notes that Apple (AAPL), Time Warner's (TWC) HBO, and Dish (DISH) have launched or plan to launch web-TV packages and services. Reference Link
March 26, 2015
08:08 EDTTWCTime Warner Cable standalone value $172 per share, says Wunderlich
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March 25, 2015
15:33 EDTTWCCPUC vote on Comcast deal pushed out to May 7, LA Times reports
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10:29 EDTTWCDISH Chairman Ergen says Comcast, TWC merger should be blocked
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09:22 EDTTWCTime Warner Cable disputes report of Dodgers channel writedown, LA Times says
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March 24, 2015
08:19 EDTTWCTime Warner Cable expected to write down Dodgers deal by up to $1B, NY Post says
Time Warner Cable (TWC) is expected to write down the value of its LA Dodgers distribution rights by up to $1B, reports the New York Post, citing sources. The writedown may be a requirement before any deal with Comcast (CMCSA, CMCSK) can be made, suggested one of the sources. Reference Link
March 20, 2015
09:59 EDTTWCCharter may have interest in Cablevision 'at some point,' says Detwiler
Detwiler Fenton believes there is truth to last week's reports of Charter (CHTR) being in talks to acquire Bright House Networks. In addition, the firm says its checks indicate Charter may have interest in buying Suddenlink Communications and Cablevision (CVC) "at some point" as a part of a lager acquisition strategy. Detwiler adds Charter's potential deal strategy assumes Comcast's (CMCSA) bid for Time Warner (TWC) wins regulatory approval. Should the deal not get approved, Detwiler believes Charter will turn its attention back to Time Warner.

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