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Stock Market & Financial Investment News

News Breaks
December 6, 2012
13:32 EDTAOL, NYT, GCI, TWX, NWSAClouding files patent infringement suits against CNN, NYT, others, Deadline says
Patent owner Clouding has slapped patent infringement lawsuits on Time Warner's (TWX) CNN and Time, News Corp. (NWSA), New York Times (NYT), Reuters, Gannett (GCI) and AOL's (AOL) Huffington Post, reports Deadline. Clouding says the media organizations infringed on two of their patents on mobile phone apps and websites. Reference Link
News For TWX;NYT;NWSA;GCI;AOL From The Last 14 Days
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March 4, 2015
15:17 EDTTWXHBO in talks to have Apple TV on board for HBO Now launch, IBT says
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15:14 EDTTWXTime Warner in talks for Apple to be HBO Now launch partner, CNBC says
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07:21 EDTTWXMorgan Stanley to hold a conference
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07:06 EDTAOLAOL launches Makers in Canada
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March 3, 2015
12:36 EDTTWXHBO GO to debut on PlayStation 4 today
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March 2, 2015
12:40 EDTTWXTime Warner's 'Focus' takes top box office spot with $19.1M, CBS News says
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07:51 EDTNWSANews Corp likely to rehire Rebekah Brooks to lead digital efforts, NY Times says
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07:09 EDTGCIGannett announces corporate governance for publishing company spin-off
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February 26, 2015
14:06 EDTNWSA, NYT, GCINY Daily News hires Lazard to explore sale, Buzzfeed reports
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10:15 EDTTWXTime Warner calls active on speculation of a large investor stake
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10:01 EDTTWXRumor: Time Warner active on speculation of a large investor stake
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February 25, 2015
11:47 EDTTWXAnalysts clash on DreamWorks following Q4 miss
The shares of animated film and television show maker DreamWorks (DWA) are rising, despite the weaker than expected results reported by the company last night. Two analysts offered very different views on the company's outlook following its results. BACKGROUND: DreamWorks last night reported a fourth quarter per share loss of ($3.08), versus analysts' consensus outlook for a ($3.01) per share loss. The company's revenue also came in below expectations. Excluding $210M in pre-tax charges associated with DreamWorks' restructuring plan, its loss was (75c) per share, the company stated. BEARISH TAKE: In a note to investors today, FBR Capital analyst Barton Crockett wrote that DreamWorks' results were "ugly," as they included $155M of write-offs on films and TV shows. However, Crockett believes that the crucial factor for the company's outlook is whether it can consistently compete with the entertainment giants, including Disney (DIS), Viacom (VIA), and Time Warner (TWX). Crockett is not convinced that DreamWorks will be able to hold its own, and he believes that its 2015 results could come in below expectations. The analyst warned that the company may have difficulty meeting its 2015 consumer products revenue guidance. DreamWorks expects its consumer products revenue to double this year, but the movie-based toy space is "very competitive" in 2015, as toys based on multiple popular children's films are set to be released, Crockett stated. Moreover, after conducting checks online, Crockett reports that there does not seem to be a great deal of interest in DreamWorks' movie "Home," which is set to be released on March 27. He kept an Underperform rating on the shares and raised his price target on the stock to $14 from $12. BULLISH TAKE: DreamWorks' results were mixed, but the results are not very important, Piper Jaffray analyst James Marsh stated. The company's guidance for its TV and consumer products businesses were solid, the analyst believes. Moreover, the company "took specific and decisive action" to avert a liquidity crunch, Marsh wrote. Specifically, DreamWorks raised $185M of capital by selling its real estate in Glendale, California and then leasing it back, and increased the size of its current credit facility to $450M from $400M, Marsh reported. The moves should "largely" eliminate investors' worries about the company's liquidity position, Marsh stated. He kept a $26 price target and Overweight rating on the stock. WHAT'S NOTABLE: On DreamWorks' earnings conference call last night, the company's CEO Jeffrey Katzenberg stated that it did not obtain more than 10% of its revenue from Netflix (NFLX) last year. However, in an SEC filing earlier this morning, DreamWorks clarified that it had obtained 14.9% of its revenue from Netflix last year. PRICE ACTION: In late morning trading, DreamWorks rose 5.6% to $22.31.
February 24, 2015
15:15 EDTNWSAZillow granted temporary order to keep ListHub listings on Trulia, Inman reports
Zillow Group (Z) has been granted a temporary restraining order to continue receiving listings from ListHub, which is owned by a News Corp. (NWSA) subsidiary, reported real estate industry publication Inman, citing a statement from Trulia president Paul Levine. In a statement, ListHub owner Move Inc. said, “We look forward to another ‘liberating moment’ for Zillow on March 12, when we will have the opportunity to make our full case in court. In the meantime, we are happy to continue supplying the industry’s best data.” Reference Link
07:14 EDTAOLCantor to hold a conference
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06:10 EDTTWXSalem Media Group, CNN to team up for three GOP presidential primary debates
February 23, 2015
15:17 EDTAOLAOL iTunes login pact with Apple ending soon, AppleInsider says
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11:35 EDTTWXAmazon picks Benson to head advertising for original TV series, Variety says
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07:38 EDTTWXComcast, AT&T deals could be delayed by document access case, WSJ says
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February 20, 2015
14:36 EDTNWSAZillow sues to maintain ListHub listings on Trulia, GeekWire reports
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07:08 EDTNYTAmerican Academy of Allergy, Asthma and Immunology to hold annual meeting
2015 Annual Meeting of AAAAI is being held in Houston, Texas on February 20-24.
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