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Stock Market & Financial Investment News

News Breaks
May 21, 2014
12:33 EDTVIA, VIABViacom raises quarterly dividend to 33c from 30c per share
Viacom announced that its Board of Directors has approved an increase in its quarterly dividend to 33c per share of Class A and B common stock from 30c per share. The increase will take effect beginning with Viacom’s next quarterly dividend, payable on July 1 to stockholders of record at the close of business on June 13.
News For VIAB;VIA From The Last 14 Days
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November 20, 2014
05:12 EDTVIAB, VIAViacom 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 14, 2014
10:03 EDTVIABHigh option volume stocks
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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
09:25 EDTVIAB, VIAViacom CEO says company will repurchase $750M shares in Q4
09:18 EDTVIAB, VIAViacom 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 EDTVIA, VIABViacom reports Q4 Media Networks revenue up 8% to $2.66B
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06:53 EDTVIA, VIABViacom reports Q4 adjusted EPS $1.71, consensus $1.68
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06:17 EDTVIA, VIABSony unveils PlayStation Vue, a cloud-based TV service
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November 12, 2014
15:29 EDTVIABNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.12; Viacom (VIAB), consensus $1.68; Tyco (TYC), consensus 56c; Kohl's (KSS), consensus 74c; Helmerich & Payne (HP), consensus $1.67; Sally Beauty (SBH), consensus 40c; Manulife Financial (MFC), consensus 40c; TransDigm (TDG), consensus $2.02; MAXIMUS (MMS), consensus 52c.
10:43 EDTVIA, VIABBernstein 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 EDTVIAB, VIAOn The Fly: Analyst Downgrade Summary
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09:30 EDTVIA, VIABViacom and Frontier Communications renew carriage agreement
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06:13 EDTVIABViacom downgraded at Bernstein
As previously reported, Bernstein downgraded Viacom to Underperform from Market Perform. The analyst believes Viacom is vulnerable to a secular declines in TV consumption and SVOD substitution. Price target lowered to $71 from $77.
November 11, 2014
16:08 EDTVIABViacom downgraded to Market Perform from Outperform at Bernstein
November 9, 2014
16:36 EDTVIAB, VIADisney's 'Big Hero 6' comes out on top at box office, Bloomberg says
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