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  • Jury: Cable company largely responsible in fatal blast Thursday, 27 Aug 2015 | 3:13 PM ET

    KANSAS CITY, Mo.— Time Warner Cable must pay nearly $6 million as part of a lawsuit alleging it was largely responsible for a fatal natural gas explosion that leveled an upscale Kansas City restaurant, jurors ruled Thursday. Brothers David and Jimmy Frantze, who operated the popular JJ's restaurant, were seeking more than $9 million in damages from Time Warner...

  • NEW YORK, Aug 20- World stock markets tumbled and Brent oil prices remained under pressure on Thursday as another slump in the equity market of China, the world's No. 2 economy, stoked concerns about sluggish global growth. Stocks in China tumbled again, with both the Shanghai and Shenzhen markets down more than 3 percent. "The largest issue is certainly the fact that...

  • *Bernstein downgrade hits Disney, media stocks tumble. *Report of declining smartphone sales in China hits Apple. Consumer stocks led the decline on Wall Street with Disney down nearly 6 percent after a brokerage downgrade, while Apple slumped near 2 percent after a report that overall smartphone sales in China fell in the second quarter for the first time.

  • NEW YORK— Shares of The Walt Disney Co. and Time Warner Inc. fell on Thursday as concerns mount that more people are cutting the cord to traditional cable offerings in lieu of mobile viewing and a la carte options. The movement is impacting advertising revenue for companies like Disney and Time Warner. Time Warner, whose units include HBO and Turner, saw shares...

  • *Apple falls on report of declining phone sales in China. Aug 20- Wall Street fell more than 1 percent on Thursday morning, pushing the Dow and the S&P into the red for the year, after the Federal Reserve highlighted global growth concerns and as Walt Disney dragged down consumer discretionary stocks. "Today's movement is an illustration of a dramatic shift in...

  • *Apple falls on report of declining phone sales in China. *NetApp up as results beat expectations. Bank of America, JPMorgan and Citigroup weighed the most on the index and were down between 1.5-2 percent.

  • *Disney shines as Star Wars will make its way to theme parks. *Zulily soars on Liberty Interactive's buyout offer. "The housing data was pretty good," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.

  • Analysts Craig Moffett and Michael Nathanson estimated the pay TV industry lost 566,000 subscriptions from April through June. The second quarter saw the debut of new online options that do not require a cable subscription, including Time Warner Inc's HBO Now and Sony Corp's PlayStation Vue. They join other Internet-delivered services such as Netflix Inc...

  • Most stocks in a correction. What to buy Friday, 7 Aug 2015 | 6:00 AM ET
    Traders work on the floor of the New York Stock Exchange.

    A large number of stocks in the S&P 500 are already trading in correction territory. Is this a buying opportunity?

  • *Disney, Viacom lead media selloff. Viacom fell 14.22 percent to its lowest in almost four years after reporting lower-than-expected quarterly revenue due to weakness in its cable TV business. The S&P 500 media index lost 2.12 percent and notched its biggest two-day fall since November 2008, with Time Warner, Comcast and CBS all in the red and Twenty-First...

  • US STOCKS-Wall St slumps as media stocks hemorrhage Thursday, 6 Aug 2015 | 2:54 PM ET

    *Disney, Viacom lead media selloff. Viacom fell as much as 23.6 percent to its lowest in almost four years after reporting lower-than-expected quarterly revenue due to weakness in its cable TV business. The S&P 500 media index was down 2.85 percent, recording it's biggest two-day fall since November 2008, with Time Warner, Comcast and CBS all in the red and...

  • Media stocks having worst week in 7 years Thursday, 6 Aug 2015 | 1:22 PM ET
    A trader works on the floor of the New York Stock Exchange.

    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.

  • *Disney, Viacom lead media selloff. Viacom fell 22 percent to $39.57, their lowest in almost four years. Twenty-First Century Fox fell 12.3 percent, while Time Warner, Comcast and CBS were all in the red.

  • 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.

  • Boxing sales boosts CBS, but major segments tumble Thursday, 6 Aug 2015 | 7:22 AM ET
    The CBS Television City studio complex in Los Angeles.

    CBS beat sales and profit expectations, but all its major segments, with the exception of cable, saw revenue declines.

  • 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...

  • Aug 5- CBS Corp, owner of the most-watched U.S. CBS, home to shows such as "Madam Secretary", "Scorpion", and "NCIS: New Orleans, said revenue from affiliates and subscription fees jumped 28.3 percent in the second quarter ended June 30. CBS, in addition to its TV broadcast network, owns cable channels Showtime and CBS Sports Network, radio stations and the Simon& Schuster...