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Stock Market & Financial Investment News

News Breaks
May 16, 2014
11:47 EDTWWE, CMCSAWWE slammed after TV deal fails to impress investors
Shares of WWE (WWE), which organizes professional wrestling matches, are tumbling after the company signed a new TV deal with NBC that will reportedly pay it much less than it had expected. WHAT'S NEW: WWE announced that it had agreed to a multi-year renewal of its TV licensing deal with Comcast's (CMCSA) NBC. WWE did not directly disclose the value of its deal with NBC, but estimated that the average annual value of its key TV deals in the U.S., U.K., Thailand, and India would reach about $200M annually, representing an increase of more than $90M. In a note to investors earlier today, Benchmark analyst Mike Hickey estimated that WWE's fees from NBC would increase around 50%. WWW had previously estimated that the fees from NBC would double or triple, the analyst stated. He downgraded the stock to Hold from Buy and slashed his price target on the name to $19.96 from $29.12. WHAT'S NOTABLE: WWE estimated that its operating income before interest, depreciation and amortization could double or triple from 2012 levels by 2015, reaching $125M-$190M. PRICE ACTION: In late morning trading, World Wrestling sank $8.30, or 42%, to $11.65.
News For WWE;CMCSA From The Last 14 Days
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August 27, 2014
11:56 EDTCMCSANY Governor Cuomo orders investigation of Time Warner Cable outage
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August 26, 2014
10:51 EDTCMCSAZoom Telephonics files FCC petition opposing Charter's cable modem policies
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09:35 EDTCMCSANetflix files formal protest against Comcast merger, Engadget reports
Netflix (NFLX) has filed a petition to the FCC against the proposed merger between Comcast (CMCSA) and Time Warner Cable (TWC), as the streaming company has previously indicated it would, reported Engadget. Netflix claims the deal would result in "serious public interest harm" and that a merged cable giant would have huge leverage over it and rivals like Hulu, which is a joint venture owned by Comcast itself along with partners Disney (DIS) and 21st Century Fox (FOXA). Reference Link
August 25, 2014
19:00 EDTCMCSADISH Network petitions FCC to deny Comcast, Time Warner merger
Citing irreparable harm to competition and consumers, DISH Network (DISH) petitioned the Federal Communications Commission, or FCC, to deny the merger of Comcast (CMCSA) and Time Warner Cable (TWC). The petition to deny outlines, among other things, the critical role high-speed broadband plays in the video industry and the potential for the merger to significantly damage competitive development of over-the-top video and limit consumer access to online video programming.
08:01 EDTWWE2K says WWE SuperCard exceeds 1.5M downloads in first week
2K (TTWO) announced the larger-than-life, action-packed collectible card game, WWE (WWE) SuperCard, was downloaded more than 1.5 million times during its first week of release.
06:20 EDTCMCSAFCC seeks more data from Comcast regarding TWC deal, Reuters says
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August 22, 2014
05:58 EDTCMCSAComcast launches streaming TV services for college campuses, WSJ reports
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August 17, 2014
20:16 EDTCMCSAFCC must decide on TWC arrangement as it reviews Comcast deal, WSJ says
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August 15, 2014
11:01 EDTWWEWWE, Lionsgate announce second film in deal, Lockdown
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07:38 EDTCMCSAComcast met with FCC this week to argue for deal, NY Post says
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August 14, 2014
17:08 EDTCMCSASoros Fund Management gives quarterly update on stakes
NEW STAKES: CONSOL Energy (CNX), Google (GOOG), Level 3 (LVLT), Time Warner (TWC), and New Oriental (EDU). INCREASED STAKES: YPF SA (YPF), Apple (AAPL), Facebook (FB), AIG (AIG), and American Airlines (AAL). DECREASED STAKES: Teva (TEVA), Liberty Global (LBTYK), Barrick Gold (ABX), EQT (EQT), and Comcast (CMCSA). LIQUIDATED STAKES: FedEx (FDX), Monster Beverage (MNST), Google (GOOGL), Devon Energy (DVN), Marathon Petroleum (MPC).
09:07 EDTCMCSAMorgan Stanley to hold a conference
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