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Stock Market & Financial Investment News

News Breaks
January 28, 2013
12:42 EDTTWXTime Warner names Kevin Tsujihara CEO of Warner Bros. effective March 1
Tsujihara will replace Barry Meeyer, who will remain as Chairman through 2013. Tsujihara was most recently President of Warner Bros. Home Entertainment Group.
News For TWX 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 8, 2014
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

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