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Stock Market & Financial Investment News

News Breaks
December 23, 2013
08:11 EDTTWX, MDP, NWSATime Warner spin-off of Time Inc. includes debt issues, FT reports
Time Warner’s spin-off of its publishing business Time Inc., expected next year, is not just about separating itself from a weak business, reports the Financial Times. It may be an opportunity for a payday if the media group chooses to pile a mountain of debt onto Time. But such a choice would be odd, given the challenges facing magazine companies and the modest leverage of two of Time’s peers, Meredith (MDP) and News Corp. (NWSA)Reference Link
News For TWX;MDP;NWSA From The Last 14 Days
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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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April 9, 2014
08:33 EDTNWSANews Corp. acquires U.K. luxury shopping website Handpicked Companies
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April 8, 2014
09:04 EDTNWSAAmazon Instant Video says video streams on Prime Instant Video tripled y/y
Amazon Instant Videoannounced that video streams on Prime Instant Video nearly tripled year over year. According to a report from Qwilt, which tracks growth in online video usage, Amazon (AMZN) has now passed both Apple (AAPL) and Hulu (NWSA, DIS, CMCSA) in streaming video usage.
08:51 EDTTWXTime Warner announces proposed $1.4B financing by Time Inc
Time Warner Inc. and Time Inc. announced that, in connection with Time Warner Inc.’s previously announced intention to separate Time Inc. from Time Warner Inc., Time Inc. plans to raise an aggregate $1.4B of debt through an offering of unsecured senior notes and by entering into a secured term loan facility. Time Warner Inc. will not be a guarantor or otherwise provide credit support for the notes or the term loan facility. Time Inc. intends to use the expected net proceeds from this financing to fund the acquisition of Time Inc.’s U.K. publishing business, which is currently owned by a wholly owned subsidiary of Time Warner Inc. Time Inc. intends to use the remaining expected net proceeds from this financing to pay a special cash dividend to Time Warner Inc.
06:27 EDTTWXMajor movie studios file lawsuit against Megaupload, Engadget reports
The MPAA announced that major movie studios have filed a civil lawsuit against filesharing site megaupload two years after federal investigators shut down the website and filed criminal charges against its founder, reports Engadget. The lawsiut targets the site's Uploader Rewards program with the claim that the business model was "designed to encourage theft." Reference Link
April 7, 2014
08:05 EDTTWXTime Warner's HBO Go again suffers connection issues, Re/code says
Just a month after Time Warner CEO Jeff Bewkes promised his pay TV channel HBO Go would be improving its technology after the season finale of “True Detective” was plagued by outages, many users tuning in for the season premiere of “Game of Thrones” received error messages, Re/code reports. Reference Link
April 2, 2014
10:32 EDTTWXTime Warner management to meet with Guggenheim
Meeting to be held in Dallas on April 7 hosted by Guggenheim.

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