Shaking off geopolitical flare-ups for now, analysts say the S&P 500 is taking aim at the 2,000 level, and the next round of earnings news could help.» Read More
NEW YORK, July 16- Rupert Murdoch's Twenty-First Century Fox Inc made an audacious offer for Time Warner Inc that if it succeeds would transform the American media landscape and cement the 83- year-old's status as the most powerful magnate in U.S. media and entertainment.
Rejected Fox bid for Time Warner shows growth mood. NEW YORK— In a move that aims to counter consolidation among TV distributors, Rupert Murdoch's Fox has made an unsolicited takeover offer for rival media giant Time Warner for about $76 billion in cash and stock.
NEW YORK, July 16- Time Warner Inc's board, in rejecting 21st Century Fox Inc's $80 billion bid, insisted the offer undervalued the media conglomerate and raised fears about the dominating role that Rupert Murdoch's family would play, a person close to the situation said on Wednesday.
Time Warner has rejected an approach from Rupert Murdoch's 21st Century Fox. Here's why it will be hard to escape.
Comcast Corp. rose$. 16 or. 3 percent, to $55.05. Walt Disney Co. fell$. 88 or 1.0 percent, to $85.27. Gannett rose$. 13 or. 4 percent, to $31.95.
*Time Warner shares up 16.9 percent. NEW YORK, July 16- Rupert Murdoch's 21st Century Fox Inc said on Wednesday that Time Warner Inc had rebuffed its offer to buy the company, but people familiar with his thinking say he is determined to bring the U.S. media conglomerate into his empire.
Comcast Corp. rose$. 55 or 1.0 percent, to $55.44. Walt Disney Co. rose$. 85 or 1.0 percent, to $87.00. Gannett rose$. 21 or. 7 percent, to $32.03.
NEW YORK— In a move that aims to counter consolidation among TV distributors, Rupert Murdoch's Fox has made an unsolicited takeover offer for rival media giant Time Warner for about $76 billion in cash and stock.
PHILADELPHIA— Cable and Internet giant Comcast is apologizing after a tech-savvy California customer posted eight minutes of telephone conversation online in which he tried repeatedly to get a customer service representative to disconnect his service.
The limited run series, in which Berry plays an astronaut who mysteriously returns from a solo space mission pregnant, had 9.6 million viewers for its first episode on CBS last week, the Nielsen Co. said. CBS easily won the week in prime time, averaging 5.6 million viewers. NBC had 4.6 million, ABC had 4.3 million, Univision had 2.8 million, Fox had 2.7 million.
For much of Tuesday, however, the database appeared to be down or unaccessible, which FCC spokeswoman Kim Hart attributed to an "overwhelming surge in traffic."
Etsy and Uber are among the small companies that rely on fast video streaming and are also against the FCC's net neutrality proposal.
Comcast Corp. rose$. 69 or 1.3 percent, to $55.24. Walt Disney Co. rose$. 13 or. 1 percent, to $87.02. 21st Century Fox Inc. class B rose$. 13 or. 4 percent, to $34.63.
One of the oldest and largest funds in this niche is the Merger Fund, which manages nearly $6 billion.
Comcast Corp. rose$. 26 or. 5 percent, to $54.81. Walt Disney Co. rose$. 47 or. 5 percent, to $87.36. Gannett rose$. 08 or. 3 percent, to $31.78.
NEW YORK— The monkey business is a good business to be in at the box office. The 20th Century Fox sequel easily surpassed the $54.8 million opening to 2011' s "Rise of the Planet of the Apes," the reboot of the fabled chimp franchise.
July 11- Walt Disney Co, Discovery Communications Inc and CBS Corp are being asked for information by U.S. antitrust officials probing Comcast Corp's proposed takeover of Time Warner Cable Inc, Bloomberg reported on Friday.
With a Comcast-Time Warner Cable deal in the offing, John Malone's dealmaking could be on hold here. But there may be more to do in Europe.
Comcast Corp. fell$. 01 or percent, to $54.34. Walt Disney Co. fell$. 34 or. 4 percent, to $86.52. Gannett fell$. 23 or. 7 percent, to $31.56.
Comcast Corp. fell$. 08 or. 1 percent, to $54.28. Walt Disney Co. fell$. 43 or. 5 percent, to $86.43. Gannett fell$. 14 or. 4 percent, to $31.65.