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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
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July 13, 2014
11:23 EDTVIAB, FOXA, VIAHulu and South Park announce exclusive multi-year content licensing deal
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July 10, 2014
11:00 EDTCBSHigh option volume stocks
High option volume stocks: CBS MEMP EWT CBSO DRWI TRW TTS EXK MEOH AG
09:29 EDTDISCADiscovery Europe strategy creates fantastic buying opportunity, says Bernstein
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08:56 EDTCBSCBS announces preliminary results of CBS Outdoor exchange offer
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07:28 EDTTWXTime Warner CEO says not worried about Warner Bros. financing, Variety reports
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07:14 EDTCBS, FOXAAereo seeks to survive as cable system, WSJ says
Following its Supreme Court loss, Aereo is now arguing that it should be classified as a cable system and receive a compulsory license that would give it legal access to content and allow it to continue operating, reported The Wall Street Journal. Television broadcasters that own the copyrights in many of the programs that Aereo streams, including CBS (CBS), Disney (DIS), 21st Century Fox (FOXA), and Comcast (CMCSA), successfully sued the service for copyright infringement. In addition to Comcast, publicly-traded cable companies include Time Warner Cable (TWC), Cablevision (CVC), and Charter (CHTR). Reference Link
05:50 EDTTWXStocks with implied volatility movement; TWX VHC
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July 9, 2014
14:45 EDTTWXTime Warner says no truth to rumor of M&A talks with Google, WSJ reporter says
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13:44 EDTCBSNetflix wins video on demand rights to 'Zoo' series, Variety reports
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12:52 EDTTWXGasparino says hearing 'buzz' of Google buying Time Warner
Charles Gasparino of Fox Business tweeted ahead of the Sun Valley conference, "I'm now hearing more Google buying time warner buzz than any other company will advise once I get to #sunvalley." Shares of Time Warner are at their highs of the day, up 81c to $71.56.
10:02 EDTVIAB, TWX, CBS, DISCA, FOXAOn The Fly: Analyst Initiation Summary
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07:29 EDTDISCADiscovery CEO sees content consolidation coming, CNBC reports
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July 8, 2014
18:18 EDTTWX, DISCA, FOXA, CBS, VIABU.S. Media sector initiated with a Neutral at Barclays
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18:09 EDTVIABViacom initiated with an Underweight at Barclays
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18:08 EDTFOXA21st Century Fox initiated with an Overweight at Barclays
Target $43.
18:08 EDTTWXTime Warner initiated with an Equal Weight at Barclays
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18:08 EDTDISCADiscovery initiated with an Overweight at Barclays
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18:08 EDTCBSCBS initiated with an Equal Weight at Barclays
Target $68.
07:43 EDTTWX, VIA, FOXA, VIABComcast growing clout in mobile ads troubling rivals, WSJ says
Executives at several of the large partners to FreeWheel, an online video advertising company acquired by Comcast (CMCSA) in April, are concerned that the cable giant is gathering too much influence over the digital-TV business that will be vital as viewing shifts from traditional sets to mobile devices and tablets, according to The Wall Street Journal. The report lists Time Warner (TWX), Viacom (VIA, VIAB) Disney (DIS) and 21st Century Fox (FOXA) as among FreeWheel's customers, but does not attribute the concerns to executives at any of them specifically. Reference Link
06:40 EDTVIA'Transformers: Age of Extinction' grosses over $220M in China, Variety reports
"Transformers: Age of Extinction," from Viacom's Paramount Pictures, grossed over $220M at the Chinese box office in the week to Sunday, July 6, Variety reports, citing data from Ent Group. The movie has broken the country's all-time theatrical record, which was previously set by "Avatar." Reference Link
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