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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
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December 17, 2014
11:09 EDTCMCSAFormer Hulu CEO gears up to launch Vessel, Re/code reports
Former Hulu CEO Jason Kilar is getting ready to launch a web video service called Vessel, which utilizes YouTube stars, Re/code reports. Reference Link
December 16, 2014
08:29 EDTCMCSAComcast to launch online live stream of NBC, WSJ reports
Comcast's (CMCSA) NBC is launching a live stream of its broadcast network online today and plans for it to be available on mobile platforms early next year, but NBC does not plan to sell a separate online version without requiring a pay-TV subscription, unlike peers CBS (CBS) and Time Warner’s (TWX) HBO, said The Wall Street Journal. Reference Link
06:46 EDTCMCSAComcast to allow Roku users to stream premium channels, Re/code says
Comcast reached a deal with set-top box company Roku that should allow its users to stream HBO and Showtime by authenticating subscriptions to their respective apps, reports Re/code.Reference Link
December 15, 2014
08:34 EDTCMCSANexstar announces long-term affiliation agreement with NBC Television Network
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December 11, 2014
06:24 EDTCMCSADISH plans to leave broadcast channels out of basic online TV package, WSJ says
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December 9, 2014
15:03 EDTCMCSADiscovery Communications rises after CEO sees outperforming U.S. peers
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11:11 EDTCMCSADiscovery, Hulu announce new distribution agreement
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07:32 EDTWWEUBS to hold a conference
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06:48 EDTCMCSAAnalysts say Netflix undermining TV ad revenue, NY Times reports
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06:25 EDTCMCSAComcast, USA Network trialing 'Playing House' on-demand , WSJ reports
Comcast (CMCSA) is planning to make new episodes of the sitcom "Playing House" available first on its on-demand service and air them on the USA Network the following week, The Wall Street Journal reports. Reference Link
December 8, 2014
14:36 EDTCMCSATime Warner Cable CEO reports strong trends in October, November, says UBS
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