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Stock Market & Financial Investment News

News For TWX From The Last 14 Days
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August 20, 2015
16:48 EDTTWXOn The Fly: Top stock stories for Thursday
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13:26 EDTTWXOn The Fly: Top stock stories at midday
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10:00 EDTTWXOn The Fly: Analyst Downgrade Summary
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09:17 EDTTWXDisney hit with another downgrade on TV concerns
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06:36 EDTTWXBernstein cuts Disney, Time Warner with TV entering 'structural decline'
Bernstein analyst Todd Juenger downgraded his rating on both Disney (DIS) and Time Warner (TWX) saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. The analyst moved both companies to a Market Perform rating from Outperform, and lowered his price target for Disney to $114 from $125 and for Time Warner to $90 from $101. He called the downgrade of Time Warner a "very close call" as his new price target still represents 15% upside from current levels. Share performance in the entire Media sector will be challenged until the content owners take steps to "reclaim on-demand viewing" from streaming services like Netflix (NFLX) and use it to protect affiliate fees, Juenger argues. His Outperform-rated names are Nielsen (NLSN) and 21st Century Fox (FOXA). Along with Time Warner and Disney, the analyst has Market Perform ratings on AMC Networks (AMCX), CBS (CBS), Scripps Networks (SNI) and Discovery (DISCA). Juenger has an Underperform rating on Viacom (VIAB). Wells Fargo on Tuesday also downgraded Disney to Market Perform. Piper Jaffray this morning told investors that the recent pullback in shares of AMC Networks brings a "great" entry point into the name.
06:24 EDTTWXTime Warner downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Todd Juenger downgraded Time Warner (TWX) to Market Perform saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. He cut his price target for Time Warner to $90 from $101 and calls the downgrade a " very close call" with his new price target representing 15% upside from current levels. The analyst also downgraded shares of Disney (DIS) to Market Perform.
06:22 EDTTWXDisney downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Todd Juenger downgraded Disney (DIS) to Market Perform saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. He cut his price target for Disney shares to $114 from $125. The analyst also downgraded shares of Time Warner (TWX) to Market Perform. Shares of Disney closed yesterday down 45c to $106.49. Wells Fargo on Tuesday also downgraded the stock to Market Perform.
August 19, 2015
06:14 EDTTWXIntel to launch contest show on Turner Broadcasting, WSJ reports
Intel (INTC) is making a foray into reality television by developing a contest show with Mark Burnett and Time Warner's (TWX) Turner Broadcasting unit, the Wall Street Journal reports. The program will be called "America's Greatest Makers" and will engage "do-it-yourselfers" who turn microchips and other components into devices and gadgets, competing for a $1M prize, the report says. The show is scheduled to appear on TV and other media channels in 2016, the report adds. Reference Link
August 18, 2015
07:12 EDTTWXDisney downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Disney (DIS) to Market Perform with a $112-$119 price target range saying value is shifting from content to distribution. Wells also downgraded CBS (CBS) and 21st Century Fox (FOXA) this morning to Market Perform while cutting its Diversified Media sector view to Market Weight. Time Warner (TWX) remains its only Outperform-rated media stock. Shares of Disney closed yesterday up $1.88 to $109.05.
August 17, 2015
11:49 EDTTWXTime Warner price target lowered to $92 from $103 at Barrington
Barrington analyst James Goss lowered his price target for Time Warner to $92 to reflect more conservative multiple assumptions but keeps an Outperform rating on the name.
August 16, 2015
16:59 EDTTWX'Straight Outta Compton' sidesteps rivals in $56.1M weekend debut
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August 14, 2015
13:03 EDTTWXOmega Advisors gives quarterly update on stakes, discloses stake in Google
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11:24 EDTTWXFly Watch: 'Straight Outta Compton' expected to lead weekend box office
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09:47 EDTTWXTurner Broadcasting buys majority stake in iStreamPlanet
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07:37 EDTTWXJANA reports new stakes in Allergan, TWC, sells Applied Materials
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August 13, 2015
11:15 EDTTWXTime Warner's HBO strikes deal for 'Sesame Street,' NY Times reports
Time Warner's HBO unit has formed a deal with Sesame Workshop to bring the next five seasons of "Sesame Street" to the cable network and its streaming outlets beginning this fall, The New York Times reports. Sesame will produce 35 episodes of "Sesame Street" per year, an increase from the 18 it currently produces, and Sesame will also create a spinoff series based on the "Sesame Street" Muppets. Financial terms of the deal have not been disclosed. Reference Link
09:42 EDTTWXTime Warner says could look at international M&A
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09:32 EDTTWXTime Warner says hasn't changed view on M&A, sees 'high hurdle' for large deal
Says not looking at M&A as a priority in terms of growth, but will look at things "as they come along." Says sees "very high hurdle" for large deal.
09:26 EDTTWXTime Warner sees HBO Now generating losses for year
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09:17 EDTTWXTime Warner says pace of change in TV industry 'has accelerated'
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