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Stock Market & Financial Investment News

News Breaks
July 16, 2014
11:45 EDTFOXA, FOX, SNI, DISCA, AMCX, VIA, VIAB, CBS, TWXMedia stocks rally after Time Warner rejects Fox bid
Media stocks are rallying after Time Warner (TWX) confirmed that it rejected an offer made by 21st Century Fox (FOXA, FOX) to combine the media giants. WHAT'S NEW: Both Time Warner and 21st Century Fox confirmed an earlier CNBC report that Time Warner rejected an $80B takeover offer from 21st Century Fox. Time Warner said it turned down Fox's offer to acquire all of the outstanding shares of the company for a combination of 1.531 of Twenty-First Century Fox Class A non-voting common shares and $32.42 in cash per share. Time Warner added that its board is confident that continuing to execute its strategic plan will "create significantly more value for the company and its stockholders and is superior to any proposal that Twenty-First Century Fox is in a position to offer." 21st Century Fox also confirmed that it made a formal proposal to Time Warner, which was rejected, and added that the companies are not currently in any discussions. PRICE ACTION: In late morning trading, Time Warner advanced 16.5% to $82.70, while Twenty-First Century Fox class A shares are down 5% to $33.45. OTHERS TO WATCH: Other media stocks were trading higher after the news. Discovery Communications (DISCA) rose 6%, Scripps Networks Interactive (SNI) gained 3%, AMC Networks (AMCX) added 3.2%, Viacom class B shares (VIAB) increased 4% and CBS (CBS) advanced 1.5%.
News For TWX;FOXA;FOX;SNI;DISCA;AMCX;VIA;VIAB;CBS From The Last 14 Days
Check below for free stories on TWX;FOXA;FOX;SNI;DISCA;AMCX;VIA;VIAB;CBS the last two weeks.
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August 31, 2014
14:03 EDTAMCX, TWX, DISCASterne Agee to hold a conference
Media IR Day to be held in Boston on September 3.
13:50 EDTAMCX, DISCA, CBS, FOXA, TWXNomura to hold a conference
Digital Media Conference 2014 to be held in New York on September 3-4.
August 29, 2014
15:46 EDTFOXA, TWXDisney jv A&E in talks for Vice Media stake after Time Warner backs out, FT says
A&E Networks, a joint venture owned by Disney (DIS) and Hearst Corporation, is nearing a deal to pay $250M for 10% stake in Vice Media after the digital media company and Time Warner (TWX) failed to come to terms on a deal, said Financial Times. 21st Century Fox (FOXA) already owns a 5% stake in Vice. Reference Link
13:15 EDTFOXA, TWXTime Warner ends talks to buy Vice Media stake, NYT says
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August 28, 2014
14:53 EDTVIABViacom management to meet with Jefferies
Meetings to be held in Chicago/Kansas City on September 4 hosted by Jefferies.
08:32 EDTCBSLIN Media overhang should be removed by deal, says Wells Fargo
After LIN Media (LIN) and CBS (CBS) signed a long-term affiliation agreement involving ten stations, Wells Fargo thinks the deal removes "a pretty significant overhang" on LIN's stock, since most of its affiliation deals with CBS expire on January 1, 2015, according to the firm.
07:32 EDTCBSCBS, LIN Media sign deal to renew station affiliation agreements
CBS (CBS) announced a deal with LIN Media (LIN) to renew existing station affiliation agreements for 12 LIN stations in ten markets nationwide.
07:30 EDTCBSLIN Media, CBS renew network affiliation agreements in 10 markets
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August 26, 2014
09:35 EDTFOXANetflix files formal protest against Comcast merger, Engadget reports
Netflix (NFLX) has filed a petition to the FCC against the proposed merger between Comcast (CMCSA) and Time Warner Cable (TWC), as the streaming company has previously indicated it would, reported Engadget. Netflix claims the deal would result in "serious public interest harm" and that a merged cable giant would have huge leverage over it and rivals like Hulu, which is a joint venture owned by Comcast itself along with partners Disney (DIS) and 21st Century Fox (FOXA). Reference Link
08:02 EDTVIAEros International, Viacom18 Motion Pictures announce distribution agreement
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August 25, 2014
17:04 EDTTWXTime Warner to offer buyouts to 4% of cable unit's staff, Reuters says
Time Warner's Turner cable division is set to offer buyouts to from 500 to 600 employees or approximately 4% of its staff, says Reuters. Turner is home to cable networks such as CNN, TNT and the Cartoon Network, added Reuters. Reference Link
14:51 EDTFOX, FOXAGray Television renews all Fox affiliation agreements
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10:44 EDTCBSGray Television renewal with CBS removes overhang, says Wells Fargo
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08:31 EDTCBSCBS, Gray Television sign affiliation deal
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August 21, 2014
06:20 EDTCBSCBS seeking bigger share of pay-television revenue from affiliates, WSJ reports
CBS last week stripped an Indianapolis station of its affiliation due to a fee disagreement as it seeks a bigger share of pay-television revenue, reports the Wall Street Journal. The Indianapolis station's owner LIN Media (LIN) was set to be acquired by Media General (MEG) for $1.6B this year, but Media General cut its acquisition price Wednesday by 7%, or more than $100M, with the move from CBS cited as one of the reasons. According to Gabelli & Co., the lack of a CBS affiliation may cost the statio tens of millions of dollars in annual revenue to decline. Reference Link
06:00 EDTTWXStocks with implied volatility below IV index mean; TWX WAG
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