New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 3, 2014
07:22 EDTSNI, DISCA, VIAViacom, Discovery, Scripps all bidding for U.K.'s Channel 5, FT says
Viacom (VIA), Discovery Communications (DISCA) and Scripps Networks (SNI) all submitted first round bids for U.K. television broadcaster Channel 5, according to Financial Times, citing people familiar with the auction process. Channel 5 is seeking a sale price of about $1.2B, the report said, though the value of the first round bids was not reported. Reference Link
News For VIA;DISCA;SNI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
March 2, 2015
12:00 EDTVIAFCC probing Comcast, Time Warner Cable, The Verge says
The FCC is investigating whether Comcast (CMCSA) or Time Warner Cable (TWC) limited or restricted companies' ability to access streaming video services, according to The Verge, which cited an FCC document. Disney (DIS), CBS (CBS), and Viacom (VIA) were among the companies approached by the FCC about the matter, The Verge stated. Reference Link
February 27, 2015
15:06 EDTDISCAFollow-up: Discovery Communications downgraded at Barrington
Subscribe for More Information
15:02 EDTDISCADiscovery downgraded to Market Perform from Outperform at Barrington
Subscribe for More Information
February 26, 2015
06:02 EDTVIAViacom's Nickelodeon announces launch of Noggin mobile subscription service
Subscribe for More Information
February 25, 2015
11:47 EDTVIAAnalysts 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.
06:17 EDTVIASuddenlink claims 99.7% customer retention after dropping Viacom, NY Post says
Subscribe for More Information
February 24, 2015
10:00 EDTDISCAOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:13 EDTSNIScripps Networks appoints Hickok as CFO, moves NeCastro from CFO to CDO
Subscribe for More Information
08:14 EDTDISCADiscovery upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded Discovery Communications to Outperform based on expectations the year could end with double-digit growth as management maximizes Eurosport's operating leverage, increased revenues from International, buybacks, and accretive M&A deals. Price target is $38.
07:21 EDTVIA Viacom reportedly planning job cuts, Bloomberg says
Subscribe for More Information
February 23, 2015
10:08 EDTDISCAHigh option volume stocks
Subscribe for More Information
09:12 EDTDISCADiscovery volatility flat into 21st Century Fox denied it held talks
Subscribe for More Information
07:00 EDTDISCA21st Century Fox says 'no truth' in rumors of Discovery talks, Reuters reports
Subscribe for More Information
06:34 EDTDISCA21st Century Fox, Discovery held preliminary merger talks, AFR reports
21st Century Fox (FOXA) executives met with their counterparts at Discovery Communications (DISCA) nearly two weeks ago to discuss a possible takeover offer, The Australian Financial Review reports, citing sources. According to the sources, discussions were "nascent" and talks are in the "very, very early days." A spokesperson for 21st Century Fox has denied talks took place. Reference Link
February 19, 2015
16:26 EDTSNIScripps Networks raises quarterly dividend by 15% to 23c per share
Scripps Networks board also has increased its quarterly dividend rate and declared a dividend of 23c per share up from 20c. This dividend will be payable on March 10, to shareholders of record at the close of business on March 2.
16:25 EDTSNIScripps Networks authorizes additional $1B share repurchase program
Subscribe for More Information
11:02 EDTSNIScripps Networks promotes Steve Gigliotti to Chief Revenue Officer
Subscribe for More Information
07:25 EDTVIA, DISCACable nets speed up shows to add more ads, WSJ says
Subscribe for More Information
07:08 EDTDISCADiscovery reports Q4 EPS 43c, consensus 41c
Subscribe for More Information
February 18, 2015
15:35 EDTDISCANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.54... Priceline (PCLN), consensus $10.10... DIRECTV (DTV), consensus $1.40... Noble Energy (NBL), consensus 35c... Host Hotels & Resorts (HST), consensus 39c... Hormel Foods (HRL), consensus 64c... Discovery Communications (DISCA), consensus 41c... SCANA (SCG), consensus 73c... Quanta Services (PWR), consensus 51c... Patterson (PDCO), consensus 59c... Denbury Resources (DNR), consensus 23c... T-Mobile (TMUS), consensus 5c... Linn Energy (LINE), consensus 6c... Linn Co (LNCO), consensus 39c... Bloomin' Brands (BLMN), consensus 27c... Huntington Ingalls (HII), consensus $1.98.
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use