Comcast reported quarterly earnings that beat analysts' expectations on Tuesday.» Read More
July 22- Comcast Corp reported a better-than-expected rise in quarterly profit, helped by the highest subscriber additions in its high-speed internet business for six years and improved profitability at its NBC Universal unit.
PHILADELPHIA— Comcast Corp.' s second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace than a year ago and video subscriber losses moderated.
LOS ANGELES, July 21- Netflix Inc said on Monday its quarterly profit more than doubled, boosted by strong growth in U.S. and international subscribers as a price increase for its most popular U.S. video streaming plan did not deter new users.
NEW YORK— Verizon Wireless is launching a nationwide loyalty program this week for its 100- million-plus subscribers. Verizon is the first wireless carrier to roll out a comprehensive rewards program, and it's expecting big benefits from it. On July 10, Verizon said customer retention was "very good" in the second quarter.
Abbvie Inc.' s deal to combine with Shire PLC would be the largest made so far this year, excluding assumed debt.
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 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.
Although Time Warner Inc. said Wednesday that it rejected last month's takeover bid from Twenty-First Century Fox Inc., a person familiar with the matter said that Fox Chairman and CEO Rupert Murdoch is determined, but disciplined, in continuing to pursue a deal.
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.
One of the oldest and largest funds in this niche is the Merger Fund, which manages nearly $6 billion.
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.
"Barry and I decided a year and a half ago not to talk about Aereo," CBS CEO Leslie Moonves says.
Discovery Communication CEO David Zaslav said TV content companies are likely to consolidate in response to pending deals between cable companies.
Americans are choosing to save over spend, and that's creating an unwanted discount on these consumer spending-linked investments.
Investor support for large acquisitions and a desire to trump rivals in consolidating markets have led CEOs to strike big transactions in 2014.
NEW YORK, June 30- Investor support for large acquisitions and a desire to trump rivals in consolidating markets have led chief executives to strike big transactions so far in 2014, raising year-to-date global deal volumes to their highest level in seven years.
Forget the Supreme Court. The premise that Aereo is a disruptive innovation that could kill pay television is false, says a B School expert.