Some things just don't add up. The S&P 500 doesn't have 500 stocks. The Nasdaq 100? Think again. And the Wilshire 5000? Anything but 5,000.» Read More
Further cracks emerged in the pay-TV bundle as media companies indicated that more people are cutting the cord and ditching channel packages.
Aug 6- AMC Networks Inc's shares fell as much as 14 percent despite the company's strong results, continuing a slide triggered by Walt Disney Co's forecast that suggested that more customers were deserting paid TV than expected. Walt Disney Co alarmed investors with a dour outlook for its cable business on Wednesday, overshadowing Time Warner Inc's strong...
Aug 6- New York Times Co reported lower-than-expected quarterly revenue as its print advertising sales fell for the fourth straight quarter. New York Times' print ad revenue fell 12.8 percent in the second quarter. New York Times' advertising revenue fell 5.5 percent to $148.6 million.
Aug 6- Viacom Inc reported weaker-than-expected quarterly revenue, hurt by lower advertising revenue from its U.S. cable TV business as viewers increasingly shift to online streaming services. Viacom's shares plunged as much as 18 percent to a near four-year low on Thursday. Viacom's advertising revenue fell 9 percent in its U.S. cable business, the fourth...
*Michael Kors jumps after results best expectations. Aug 6- Wall Street fell on Thursday morning as investors traded on earnings, with Walt Disney's warning on its cable business continuing to haunt media stocks. Time Warner, Discovery Communications and CBS were all in the red.
The SEC's new rule to report CEO to average worker pay ratios will reveal some CEOs are paid 800 times more, USA Today reports.
Media stocks are getting crushed this week, but some investors are pulling bargains out of the wreckage.
Even after dropping 9 percent following mixed earnings, analysts explain why it's too early to dump Disney shares.
Aug 5- Nagging investor concerns over viewers cutting the cord on cable television and moving online turned into a rout in the sector's shares on Wednesday after Walt Disney Co reported a dip in subscribers for its cornerstone sports channel ESPN and rivals produced a mixed batch of earnings. Disney's shares fell 9 percent on Wednesday, wiping $18 billion off...
U.S. stocks closed off session highs as a decline in oil and Disney pressured stocks, amid mixed signals on the timing of an interest rate hike.
*Disney cuts cable unit profit forecast, stock slides. *First Solar rallies after earnings, guidance. Aug 5- The S&P 500 and Nasdaq Composite rose on Wednesday following three days of losses as tech shares advanced, while the blue-chip Dow index was flat, weighed down by Disney's largest daily drop in seven years.
Aug 5- Nagging investor concerns over viewers cutting the cord on cable television or moving online turned into a rout in the sector's shares on Wednesday after Walt Disney Co reported a dip in subscribers for its cornerstone sports channel ESPN and rivals produced a mixed batch of earnings. Disney's shares fell 9 percent on Wednesday, wiping $18 billion off...
Aug 5- Discovery Communications Inc said it was unlikely to buy back any more shares this year as it looks to save cash and retain its credit rating, sending its shares down about 9 percent. Given our current debt-to-EBITDA threshold is at the higher end of target levels for' BBB' companies, we are now focused on preserving cash for the remainder of this year, "CFO...
Some of the names on the move ahead of the open.
Aug 5- Discovery Communications Inc, the owner of the Discovery Channel and Animal Planet, reported quarterly revenue and profit below analysts' expectations, hurt by lower ad sales and a strong dollar. Last month, Discovery said it would take full ownership of sports broadcaster Eurosport for 491 million euros from French media group TF1 Group and also renewed...
Aug 5- Discovery Communications Inc, the owner of the Discovery Channel and Animal Planet, reported a 2.7 percent rise in quarterly revenue, helped by growth in distribution revenue. However, net income available to the company fell to $286 million, or 44 cents per share, in the second quarter ended June 30, from $379 million, or 54 cents per share, a year earlier.
The ADP report is not seen as an exact preview for the jobs report but it can give directional hints, and the market watches it for any big surprises.
The marketplace forces undermining traditional media conglomerates are being exploited by Netflix, media analyst Rich Greenfield tells CNBC.
Disney is set to report earnings next week, "Fast Money” traders give potential takeover targets for the company.
August is here, bringing the final few pieces of data the Fed has left to consider before it holds its rates meeting in September.