New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 16, 2014
11:47 EDTCMCSA, WWEWWE 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
Sign up for a free trial to see the rest of the stories you've been missing.
November 25, 2014
07:44 EDTCMCSAComcast added to US 1 List at BofA/Merrill
Subscribe for More Information
November 21, 2014
11:54 EDTCMCSAFCC order on contracts in Comcast merger review blocked by court, Bloomberg says
Subscribe for More Information
08:06 EDTCMCSAComcast Time Warner Cable outlook positive, says Wells Fargo
Subscribe for More Information
November 20, 2014
07:16 EDTCMCSACharter could look to buy Time Warner Cable if Comcast deal fails, WSJ says
John Malone, the chairman of Liberty Media (LMCA), said Charter Communications (CHTR) would look to buy Time Warner Cable (TWC) if TWC's deal with Comcast (CMCSA) falls through, The Wall Street Journal reports. Malone told shareholders at Liberty's investor day that he would pursue "an outright purchase" of Time Warner Cable if regulators don't approve the Comcast deal. Reference Link
November 19, 2014
13:29 EDTCMCSACharter CEO sees Comcast, Time Warner Cable deal getting done
Subscribe for More Information
13:06 EDTCMCSADeutsche Telekom CEO says T-Mobile could again attract suitors, Bloomberg says
Bloomberg quotes Deutsche Telekom (DTEGY) CEO Timotheus Hoettges speaking in interview as having said that T-Mobile (TMUS) could attract interest from suitors such as Comcast (CMCSA), DISH (DISH) or America Movil (AMOV, AMX).
November 17, 2014
06:35 EDTCMCSA'Dumb and Dumber To' takes first at the box office from 'Big Hero 6', WSJ says
Comcast (CMCSA) company Universal Pictures' "Dumb and Dumber To" brings in $38.1M at the box office, taking first away from Disney's (DIS) "Big Hero 6," which brought in $36M this weekend, reports the Wall Street Journal. "Big Hero 6" has a two week total of $111.7M in North America, the Journal adds. Reference Link
November 13, 2014
09:50 EDTWWEWWE, Atresmedia extend partnership in Spain through 2016
Subscribe for More Information
09:06 EDTCMCSAComcast and Boys & Girls Clubs of America launch My Future Technology initiative
Comcast NBCUniversal and Boys & Girls Clubs of America have entered into a five-year national partnership valued at tens of millions of dollars in cash and in-kind support. The partnership includes the launch of My.Future, a new technology initiative designed to teach Club members about our digital world and ignite their passion for technology.
06:17 EDTCMCSASony unveils PlayStation Vue, a cloud-based TV service
Subscribe for More Information
06:02 EDTCMCSAComcast moving ahead with $45B acquisition of Time Warner Cable, AP reports
Subscribe for More Information
November 12, 2014
12:56 EDTCMCSAFCC chairman disagrees with Obama on Internet rules, Washington Post says
FCC Chairman Tom Wheeler told the executives of major Internet companies that he favors a more nuanced solution for regulating the Internet than the one suggested by President Obama, according to The Washington Post. Wheeler said he would "try to split the baby" between the president's proposal and the agenda of Internet executives who don't want the rules to affect their business, the newspaper stated, citing four unnamed sources who attended a meeting with Wheeler. Comcast (CMCSA), Time Warner Cable (TWC), Verizon (VZ), Cablevision (CVC) ,and AT&T (T) are major Internet Service Providers. Executives from Google (GOOG) and Yahoo (YHOO) were at the meeting with Wheeler, the newspaper said. . Reference Link
10:00 EDTCMCSAOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:28 EDTCMCSAComcast weakness on Title II pullback a buying opportunity, says Goldman
Goldman recommends buying Comcast on Title II weakness. The firm said Comcast's business practices are largely in-line with the proposed rules, suggesting minimal impact to operations. The firm reiterates its Buy rating and $65 price target.
08:19 EDTCMCSAComcast downgraded to Hold from Buy at Maxim
Maxim downgraded Comcast to Hold saying the company's Internet pricing power could be negatively impacted from potential net neutrality legislation. The firm prefers to wait on the sidelines pending greater clarity into potential Title II legislation.
07:45 EDTCMCSAARRIS should be bought on weakness, says RBC Capital
Subscribe for More Information
07:10 EDTCMCSAComcast downgraded to Hold from Buy at Maxim
Subscribe for More Information

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