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Stock Market & Financial Investment News

News Breaks
March 3, 2014
07:22 EDTDISCA, VIA, SNIViacom, 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
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November 24, 2014
08:40 EDTDISCADiscovery, News Corp. jv to make joint bid for Ten Network, SMH reports
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November 20, 2014
05:12 EDTVIAViacom signs 180K-square foot lease at Columbia Square development in Hollywood
Kilroy Realty (KRC) said it has signed a long-term lease with Viacom (VIAB, VIA) for approximately 180,000 square feet of space at KRC’s 685,000-square-foot, mixed-use Columbia Square development located in the heart of Hollywood. The New York-based company plans to relocate and unite the West Coast operations of Viacom media networks including BET, Comedy Central, MTV, Spike TV, VH1 and TV Land currently based in Santa Monica and in other Los Angeles offices into Columbia Square’s 250,000-square-foot Gower Building. The six-story, dual-core glass and steel Gower Building is the larger of two new office buildings totaling 350,000 square feet currently under construction as part of KRC’s $420M mixed-use project located on Sunset Boulevard. Designed by Rios, Clementi, Hale Studios, Columbia Square will also feature 93,000 square feet of renovated, historical creative office and studio space, 30,000 square feet of retail space, 200 luxury residential units and a five-level subterranean parking structure. Viacom is expected to take occupancy in phases starting in late 2016.
November 19, 2014
14:36 EDTDISCADiscovery acquires exclusive broadcast rights to TNA Impact Wresting
Discovery Communications announced that it has signed a multi-year deal with TNA IMPACT WRESTLING to bring the popular league to homes nationwide on Destination America, the only network dedicated to celebrating the people, places and stories of the United States. Destination America officially enters the ring with its first world premiere of IMPACT WRESTLING in January 2015. The series features some of the biggest names in professional wrestling, including Jeff Hardy, Bobby Roode, Kurt Angle, Bobby Lashley and Gail Kim. The partnership includes the U.S. premieres of additional TNA WRESTLING series and specials and provides Discovery Communications with international broadcasting rights in select regions, to be announced at a later date.
November 18, 2014
09:56 EDTDISCAOn The Fly: Analyst Upgrade Summary
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06:12 EDTDISCADiscovery upgraded to Neutral from Sell at Citigroup
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November 14, 2014
07:14 EDTVIAViacom multiple compression overdone, says RBC Capital
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06:43 EDTVIAViacom CEO: Nielsen's ratings haven't kept up with trends, NY Times says
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November 13, 2014
16:19 EDTDISCAMeritage Group reports 5.0% passive stake in Discovery
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09:25 EDTVIAViacom CEO says company will repurchase $750M shares in Q4
09:18 EDTVIAViacom management says TV renewals cover over 25% of subscriptions
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07:38 EDTVIABloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
06:54 EDTVIAViacom reports Q4 Media Networks revenue up 8% to $2.66B
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06:53 EDTVIAViacom reports Q4 adjusted EPS $1.71, consensus $1.68
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06:17 EDTVIA, DISCA, SNISony unveils PlayStation Vue, a cloud-based TV service
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November 12, 2014
10:43 EDTVIA, DISCABernstein downgrades Discovery, Viacom, citing 'structural decline' in TV
Research firm Bernstein sees strong evidence that audiences of ad-supported TV have entered a period of "structural decline." The firm cut its rating on Discovery (DISCA), the owner of the Discovery Channel and Animal Planet cable stations, and Viacom (VIA,VIAB), which owns MTV and and Nickelodeon. The firm also cut its price target on CBS (CBS). WHAT'S NEW: Noting that audiences for ad-supported TV have fallen by unprecedented amounts for four months, Bernstein analyst Todd Juenger added that consumption of subscription video on demand, or SVOD, services continue to grow. Meanwhile, TV networks are seeing increased competition from Internet websites for ad dollars, limiting the ability of the networks to raise ad prices, Juenger stated. The profit margins and return on investment of content owners are likely to decline over time, the analyst believes. He downgraded Discovery to Market Perform from Outperform and set a $37 price target on the stock, and cut Viacom to Underperform from Market Perform, placing a $71 price target on that stock. Juenger reduced his price target on CBS to $55 from $60 and kept a Market Perform rating on the shares. He kept Outperform ratings on 21st Century Fox (FOXA), Disney (DIS), and Time Warner (TWX), saying that those are least affected by the trend, as they are less dependent than their peers on the American TV ad market and have a large amount of sports programming. PRICE ACTION: In mid-morning trading, Discovery lost 0.6% to $31.81, Viacom class A shares gained 0.6% to $70.09, CBS fell 0.7% to $51.48, Twenty-First Century Fox class A shares lost 0.5% to $34.75, Time Warner fell 0.5% to $77.69 and Disney was flat near $90 per share.
10:00 EDTDISCA, VIAOn The Fly: Analyst Downgrade Summary
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09:30 EDTVIAViacom and Frontier Communications renew carriage agreement
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06:13 EDTDISCADiscovery downgraded at Bernstein
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November 11, 2014
16:08 EDTDISCADiscovery downgraded to Market Perform from Outperform at Bernstein
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November 10, 2014
16:28 EDTSNISoutheastern Asset Management reports 11.7% passive stake in Scripps Networks
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