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Time Warner Cable Inc latest news:
AT&T CEO says DoJ did not ask him to sell CNN to close Time Warner deal
The Chief Executive of AT&T Inc. Randall Stephenson said he has not been asked to sell CNN as part of a deal with the U.S. government to gain approval for the company's planned takeover of Time Warner Inc. . Stephenson said at the New York Times Dealbook conference in New York that he has never been told that the price of getting the deal completed was a sale of CNN. "I have never offered to sell CNN and have no intentions to sell CNN," Stephenson said. On Wednesday, the Financial Times reported that the DoJ has told AT&T it would have to sell the cable news channel to win approval for the deal, citing people with knowledge of the negotiations. AT&T shares were up 1.9% while Time Warner shares were down 0.9%. The S&P 500 was down 0.6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
U.S., AT&T at odds over CNN in Time Warner deal
U.S. antitrust regulators and AT&T sparred over whether the wireless carrier would be required to sell Time Warner's CNN cable network as a condition of approval of its deal to buy the media company.
UPDATE 9-U.S., AT&T at odds over CNN in Time Warner deal
NEW YORK/WASHINGTON, Nov 8 (Reuters) - U.S. antitrust
regulators and AT&T Inc sparred on Wednesday over whether
the wireless carrier would be required to sell Time Warner Inc's
CNN cable network as a condition of approval of its deal
to buy the media company.
DOJ says AT&T, Time Warner need to sell CNN for merger approval: report
The Justice Department has told AT&T Inc. that the company needs to sell CNN, Time Warner's cable news network, in order for its proposed $84.5 billion acquisition of Time Warner Inc. to be approved, according to a report in the Financial Times, which cited people with knowledge of the negotiations. Shares of Time Warner were down more than 5% on Wednesday. According to the report, selling CNN is just one of the demands being made, but the deal's approval relies on that. CNN has been the target of much of President Donald Trump's "fake news" bashing in the first year of his term. According to the FT, AT&T is not really interested in selling the news network, and the company is prepared to take the Trump administration to court. Shares of Time Warner have declined more than 7% in the year to date, and AT&T shares are down nearly 22%. By comparison, the S&P 500 index is up close to 16% and the Dow Jones Industrial Average is up more than 19%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-RR Donnelley & Sons Board approved increase in size of Board
Rr Donnelley(RRD) & Sons Co. * Rr Donnelley (RRD) & Sons Co - on Nov 3, 2017, Board of Directors of co approved increase in size of board from 7 to 8 members-SEC filing. * Rr Donnelley (RRD) & Sons-elected Irene M. Esteves to fill newly created vacancy; Esteves served as CFO of Time Warner Cable Inc. From July 2011 to May 2013 Source text: Further company coverage:
Time Warner beats third-quarter earnings as HBO, broadcast subscription revenue rises
Time Warner Inc. reported third-quarter earnings that were above Wall Street expectations. The media and entertainment company reported net income of $1.37 billion, or $1.73 per share, down from $1.47 billion, or $1.87 per share during the same period a year ago. Adjusted earnings per share were $1.82, above FactSet's consensus of $1.59. Revenue for the third quarter was $7.60 billion, up from $7.17 billion a year ago, and above FactSet's $7.41 billion revenue consensus. Shares of Time Warner were inactive in premarket trade. The company said subscription revenue at its premium cable network HBO grew 12%, representing its highest quarterly revenue growth in 13 years. Revenue at Time Warner's Turner broadcasting business rose 6% thanks to a 13% increase in subscription revenue, which benefited from higher rates and growth overseas. That was partially offset by a 3% decline in advertising revenue. Shares of Time Warner are up more than 2% in the year to date, while the S&P 500 index is up more than 14% and the Dow Jones Industrial Average is up 18%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE 1-More than 4 mln Time Warner Cable records exposed in leak
Sept 1 (Reuters) - More than four million records of users
of Time Warner Cable's MyTWC app were found unsecured on an
Amazon server last month, digital security research center
Kromtech Security Center said in a blog post on Friday.
HBO debuts new 'Game of Thrones' behind-the-scenes series
Time Warner Inc.'s flagship cable network HBO said on Monday that it has launched a new series tied to its most popular show "Game of Thrones." HBO has created a seven-part post-season series titled "The Game Revealed" that will give fans of arguably TV's most popular show a behind-the-scenes look at how the penultimate seventh season of "Game of Thrones" came together. The series will be available only on HBO Now, HBO Go, HBO On Demand and its affiliate partners. The first episode was released on Monday, with exclusive interviews with cast and crew, and is available for free on Facebook and YouTube. Subsequent episodes will be released weekly on Monday, and will be available only to HBO subscribers.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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