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Stock Market & Financial Investment News

News Breaks
February 11, 2014
09:23 EDTTWX, CHTRTime Warner: Charter nominating directors to prsesure board into accepting offer
Time Warner Cable (TWC) issued the following statement in response to receipt of notice that Charter Communications (CHTR) is seeking control of the Time Warner Cable Board by nominating 13 directors for election at the 2014 Annual Meeting of Stockholders. Charter previously made a proposal to acquire Time Warner Cable for $82.54 in cash and 0.372 CHTR share per TWC share, which was unanimously rejected as grossly inadequate by Time Warner Cable’s Board of Directors. Rob Marcus, Time Warner Cable’s Chairman and CEO, said: “It is clear that Charter is nominating a slate of directors for the sole purpose of pressuring our Board into accepting the same lowball offer that it previously considered and unanimously rejected. Our Board remains focused on maximizing shareholder value. We are confident in our strategic plan, which was detailed publicly on January 30, and we are not going to let Charter steal the company.”
News For TWX;CHTR From The Last 14 Days
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April 23, 2014
16:57 EDTTWXOn The Fly: Closing Wrap
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12:51 EDTTWXOn The Fly: Midday Wrap
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12:36 EDTTWXNetflix slides after Amazon signs content deal with HBO
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12:09 EDTTWXAmazon deal with HBO helps Prime catch up with Netflix, says Cantor
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09:01 EDTTWXAmazon, HBO sign multi-year deal to bring HBO programming to Prime members
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06:35 EDTCHTRCharter close to adding 4M subscribers in deal with Comcast, WSJ reports
Charter (CHTR) and Comcast (CHTR) are close to a deal where Charter would acquire nearly 4M extra subscribers, reports the Wall Street Journal. The two companies are in advanced talks that would be contingent on Comcast's proposed acquisition of Time Warner Cable (TWC), where Comcast would divest subscribers so its share of the pay-TV market would not rise above 30%. According to people familiar with the situation, Charter would likely acquire 1M-1.5M through a straight out sale and it would take an equity stake in a Comcast spinoff holding a few more million subscribers. Reference Link
April 22, 2014
18:30 EDTTWXDISH to launch internet-TV service this summer, Bloomberg says
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18:01 EDTTWXDISH aims for late Summer to roll-out U.S. Internet TV service, Bloomberg says
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16:42 EDTCHTRCharter near deal to acquire 1.5M subscribers from Comcast, Bloomberg says
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15:45 EDTCHTRCharter near deal to acquire 4M subscibers from Comcast, DJ says
Dow Jones cites sources.
10:37 EDTTWXTime Warner says Joseph Ripp will become chairman of Time Inc
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07:25 EDTTWXNatural E Creative Group to hold a summit
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07:18 EDTTWXTime Inc CEO to serve as chairman of company, NY Post reports
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April 21, 2014
13:37 EDTCHTREarnings Preview: Comcast set for first report after Time Warner Cable deal
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06:35 EDTTWX'Captain America' ranks first for third straight weekend, Bloomberg says
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April 20, 2014
17:25 EDTCHTRAhead of TWC deal Comcast in talks to sell subscribers to Charter, Reuters says
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April 16, 2014
06:58 EDTTWXFormer Sony chairman to take place on Time Inc's board, NY Post says
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April 10, 2014
11:35 EDTTWXCNN to use 9pm for original series, documentaries, Variety reports
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