The path to "Sesame Street" just got a little longer for kids who watch the show via PBS.» Read More
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.
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...
*Walt Disney falls after cutting cable unit profit forecast. Aug 5- The S&P 500 and the Nasdaq composite were higher on Wednesday as weak private sector hiring tempered expectations of a September interest rate hike, while the Dow Jones industrial average was weighed down by Walt Disney. Walt Disney's shares fell as much as 10 percent to $109.50, after the company...
*Comments overshadow Time Warner's strong results. *Time Warner shares fall as much as 9 pct. Aug 5- Time Warner Inc's shares fell as much as 9 percent after Walt Disney Co alarmed investors with a dour outlook for its cable business, suggesting that more people were switching to video-streaming from paid TV than previously expected.
*Walt Disney falls after cutting cable unit profit forecast. Aug 5- Wall Street was sharply higher on Wednesday, after three straight days of declines, as weak private sector hiring tempered expectations of a September interest rate hike. "I don't think the Fed is ready to raise rates and is looking for reasons to not raise," Stansberry trading analyst Jeff Clark...
Some of the names on the move ahead of the open.
Aug 5- Time Warner Inc reported a better-than-expected quarterly profit, helped by higher content revenue in its Turner division as well as the release of "Batman: Arkham Knight" and "Mortal Kombat X" videogames. The deal led to a 48 percent rise in content and other revenue at Turner in the second quarter ended June 30, Time Warner said on Wednesday.
Time Warner delivered quarterly earnings that surpassed analysts' expectations on Wednesday.
Aug 5- Time Warner Inc reported a 14 percent rise in quarterly profit, helped by higher revenue at its Turner network and Warner Bros. studio. The company's net income rose to $971 million, or $1.16 per share, in the second quarter ended June 30, from $850 million, or 95 cents per share, a year earlier. Revenue rose 8 percent to $7.35 billion.
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.
Aug 4- Magazine publisher Time Inc reported a quarterly profit that handily beat market estimates as aggressive cost cutting more than made up for weak print ad sales, and said it would move more jobs to its operations in India. Like many traditional publishers, Time Inc has been countering falling ad sales in the print business by slashing costs and tapping new...
Aug 4- Magazine publisher Time Inc reported a quarterly profit that handily beat market expectations on Tuesday as lower costs more than made up for weak print ad sales. Like many traditional publishers, Time Inc- which was spun off from Time Warner Inc in June 2014- has been struggling as more people read news on smartphones and tablets. The company recorded a net...
Time Inc. reported a quarterly profit that handily beat market expectations on Tuesday as lower costs more than made up for weak print ad sales.
Aug 4- Magazine publisher Time Inc reported a quarterly profit that handily beat market expectations on Tuesday as lower costs more than made up for weak print ad sales. Like many other traditional publishers, Time Inc- which was spun off from Time Warner Inc in June 2014- has been struggling to grow as readers shift to online media. However, the company recorded a...
The marketplace forces undermining traditional media conglomerates are being exploited by Netflix, media analyst Rich Greenfield tells CNBC.
David Einhorn struggled in July, with his flagship Greenlight Capital LP fund dropping 6.1 percent, according to a source familiar with the firm.
August is here, bringing the final few pieces of data the Fed has left to consider before it holds its rates meeting in September.
Disney chief Bob Iger says ESPN could be eventually sold directly to consumers. He also talked China, technology and "Star Wars."
The presidential race next year is expected to add a significant revenue stream for media companies, which could send those shares higher.
Rulings by justices with a potential financial interest in the outcome of the cases raise new questions about the credibility of the court.