Thanks to Rupert Murdoch's recent overture, Time Warner shares have traded more on drama than fundamentals. That may be about to change.» Read More
July 31- Discovery Communications Inc, which runs channels such as Animal Planet and Investigation Discovery, reported quarterly revenue slightly above analysts' expectations, helped by a jump in advertising sales in its international networks.
July 31- Discovery Communications Inc reported a 10 percent rise in second-quarter revenue, helped by a 23 percent jump in advertising sales in its international networks. Net income available to the company rose to $379 million, or $1.09 per share, in the three months ended June 30, from $300 million, or 82 cents per share, a year earlier.
After 21st Century Fox's failed bid to acquire Time Warner, the question arises as to what other media giants are now in play for purchase?
*BSkyB in talks to buy into Germany, Italy. LONDON, July 17- U.S.-based cable group Liberty Global has bought BSkyB's 6.4 percent stake in ITV, Britain's biggest free-to-air commercial broadcaster, boosting its shares on hopes of a wider bid.
*BSkyB in talks to buy into Germany, Italy. LONDON, July 17- John Malone's cable group Liberty Global has bought a 6.4 percent stake in ITV from BSkyB, lifting shares in Britain's biggest free-to-air commercial broadcaster on hopes of a wider bid.
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.
July 16- If Rupert Murdoch succeeds in buying Time Warner Inc and CNN is put up for sale, the 24- hour cable news network could be worth $5 billion, according to one analyst's estimate. Murdoch's Twenty-First Century Fox Inc said on Wednesday it made an offer to buy Time Warner for about $80 billion.
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 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.
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.
Discovery Communication CEO David Zaslav said TV content companies are likely to consolidate in response to pending deals between cable companies.
LOS ANGELES, July 1- Rupert Murdoch jets into Idaho's Sun Valley next week for the year's most exclusive tech and media industry gathering, armed with both the money and the appetite for a major deal.
NEW YORK, June 17- While the New York Times Co has shrunk by more than half in the past eight years, the compensation of the top three executives at the company has held steady.
Here are the 10 highest-paid CEOs of 2013, as calculated by The Associated Press and Equilar, an executive pay research firm.
May 8- John Malone's Liberty Global Plc and Discovery Communications Inc said they would jointly buy UK- based All3Media, producer of hit TV shows such as "Skins" and "Midsomer Murders", for about $300 million.
May 8- John Malone's Liberty Global Plc and Discovery Communications Inc said they would jointly buy UK- based TV production group All3Media for about $300 million. Discovery and Liberty Global said they would each contribute about 90 million pounds in cash to buy the company from its founders and funds owned by private equity firm Permira.
Shares of Discovery Communications have lagged the media sector. That has left significant margin for improvement.
Some of Tuesday's midday movers:
U.S. stock index futures pointed to a flat open on Tuesday, ahead of several first-quarter earnings and trade data for March.
The bond market is giving the stock market angst.