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Stock Market & Financial Investment News

News Breaks
July 16, 2014
11:45 EDTCBS, AMCX, FOX, VIAB, DISCA, FOXA, VIA, SNI, 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
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December 9, 2014
15:03 EDTTWX, CBS, FOXA, DISCA, AMCX, VIADiscovery Communications rises after CEO sees outperforming U.S. peers
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13:53 EDTTWXTime Warner CEO: Bundle will continue to be dominant
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11:29 EDTDISCADiscovery CEO says international market 'steady, good' for company
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11:27 EDTDISCADiscovery CEO says will buy back more shares in 2015 than 2014
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11:11 EDTFOXA, DISCA, FOXDiscovery, Hulu announce new distribution agreement
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08:55 EDTFOX, FOXA21st Century Fox co-COO says company has 'clear' succession plan
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08:54 EDTFOXA, FOX21st Century Fox co-COO says on track for FY15, FY16 guidance
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07:32 EDTDISCA, FOX, AMCX, TWXUBS to hold a conference
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06:48 EDTTWX, CBS, DISCA, VIA, AMCX, FOXAAnalysts say Netflix undermining TV ad revenue, NY Times reports
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December 8, 2014
10:00 EDTVIAB, TWX, SNI, AMCX, CBS, DISCA, FOXAOn The Fly: Analyst Initiation Summary
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07:23 EDTVIA, CBSUBS to hold a conference
42nd Annual Global Media & Communications Conference is being held in New York on December 8-10 with webcasted company presentations to begin on December 8 at 8 am; not all presentations may be webcasted. Webcast Link
December 7, 2014
12:26 EDTCBSCBS, DISH reach content carriage agreement
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December 5, 2014
16:57 EDTVIABViacom initiated with a Neutral at UBS
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16:57 EDTSNIScripps Networks initiated with a Neutral at UBS
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16:56 EDTDISCADiscovery initiated with a Neutral at UBS
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16:55 EDTCBSCBS initiated with a Neutral at UBS
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16:55 EDTAMCXAMC Networks initiated with a Neutral at UBS
Target $66.
16:55 EDTTWXTime Warner initiated with a Buy at UBS
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16:54 EDTFOXA21st Century Fox initiated with a Buy at UBS
Target $46.
10:35 EDTVIABHigh option volume stocks
High option volume stocks: NOAH FRAN BIG GREK KEY VIAB STRZ ALKS QTWW ONNN
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