Jennifer's Feed
Apr 30, 2015

Viacom U.S. ad decline persists in 1st qtr; beats profit estimate

April 30 (Reuters) – Viacom Inc reported
better-than-expected quarterly profit on Thursday though the
media company is still struggling to turn around advertising
declines in the United States.

Viacom, the owner of MTV, Comedy Central and Nickelodeon,
has been challenged over the past several quarters because of
drops in Nielsen ratings and changing TV viewing habits,
including the dumping of pricey cable subscriptions.

Apr 30, 2015

Deal questions loom as Time Warner Cable reports subscriber uptick

By Subrat Patnaik and Jennifer Saba

(Reuters) – Time Warner Cable Inc (TWC.N: Quote, Profile, Research, Stock Buzz) on Thursday reported a bigger-than-expected rise in video subscriptions for the first quarter but gave no indication of any merger deals after Comcast Corp withdrew its bid to buy the company.

Since the Comcast (CMCSA.O: Quote, Profile, Research, Stock Buzz) deal was called off on Friday after U.S. regulators raised concerns, questions have arisen about whether Time Warner Cable is an acquisition target or if it would go it alone. On Monday, Reuters reported the Time Warner Cable was open to discussions with Charter Communications Inc (CHTR.O: Quote, Profile, Research, Stock Buzz).

Apr 29, 2015

BP, union reach tentative deal to end Whiting refinery strike

HOUSTON (Reuters) – BP Plc and the United
Steelworkers union (USW) chapter representing striking workers
at the company’s Whiting, Indiana, refinery reached a tentative
agreement on Wednesday to end an 11-week work stoppage.

The two sides have to negotiate an agreement on returning
the striking workers to the Chicago-area plant, but a
ratification vote is expected next week, said Dave Danko,
president of USW Local 7-1, which represents the workers.

Apr 29, 2015

Thomson Reuters profit weighed down by currency

April 29 (Reuters) – Thomson Reuters Corp’s
first-quarter adjusted profits narrowly missed Wall Street
expectations on Wednesday as a stronger U.S. dollar weighed on
results, but organic revenues rose due to increases in its legal
and tax & accounting businesses.

The news and information company showed flat revenue in its
biggest division that caters to banks and other financial
institutions, an improvement from quarters past.

Apr 27, 2015

ESPN sues Verizon, escalates battle over new pay TV offering

By Jennifer Saba and Malathi Nayak

(Reuters) – ESPN sued Verizon Communications on Monday for breach of contract involving a new pay TV offering, as the cable sports network fired the latest volley in a mounting battle with the telecommunications company.

ESPN, a unit of Walt Disney Co, said in a legal document sent to the Supreme Court of New York State that Verizon violated its obligations “under certain license agreements” and it wants Verizon to pay.

Apr 24, 2015

Analysis – Verizon offer tests sport networks’ hold on TV bundle

By Lisa Richwine and Jennifer Saba

(Reuters) – An escalating dispute between Verizon Communications Inc (VZ.N: Quote, Profile, Research) and media companies over Verizon’s allowing customers to pick and choose bundles of TV networks underscores the importance of live sports programming to the pay TV business.

The dispute is about channels delivered in a traditional subscription. But its effect also will be felt in the burgeoning world of streaming video and revives a long battle over whether customers should be able to build their own channel lineup.

Apr 24, 2015

Verizon offer tests sport networks’ hold on TV bundle

By Lisa Richwine and Jennifer Saba

(Reuters) – An escalating dispute between Verizon Communications Inc and media companies over Verizon’s allowing customers to pick and choose bundles of TV networks underscores the importance of live sports programming to the pay TV business.

The dispute is about channels delivered in a traditional subscription. But its effect also will be felt in the burgeoning world of streaming video and revives a long battle over whether customers should be able to build their own channel lineup.

Apr 24, 2015

Time Warner Cable, Comcast could emerge strong from deal rubble

NEW YORK (Reuters) – Even as their merger falls apart, Comcast Corp and Time Warner Cable Inc are both likely to emerge relatively unscathed, with acquisition target Time Warner Cable in particular facing a variety of options.

Comcast’s decision not to pursue the $45 billion purchase of TWC, confirmed by a source on Thursday, undoes a complicated, multi-party deal and leaves TWC ready to choose whether to acquire, be acquired or try to go it alone.

Apr 21, 2015

Insight – With a prince’s backing, James Murdoch may soon ascend at Fox

By Jennifer Saba

(Reuters) – Saudi Arabia’s Prince Alwaleed bin Talal is in no doubt that James Murdoch is ready to take a much bigger role at Twenty-First Century Fox, by far the largest part of the media empire that James’ father Rupert Murdoch built.

    ”James is a giant!” said Alwaleed, a Murdoch family ally and one of Fox’s top shareholders with a 6.6 percent voting stake, in an interview. In particular, Alwaleed points to what he says is James’ ability to grasp the digital world and understand how it is transforming the media landscape, adding: “I really love him!”

Apr 21, 2015

With a prince’s backing, James Murdoch may soon ascend at Fox

By Jennifer Saba

(Reuters) – Saudi Arabia’s Prince Alwaleed bin Talal is in no doubt that James Murdoch is ready to take a much bigger role at Twenty-First Century Fox (FOXA.O: Quote, Profile, Research, Stock Buzz), by far the largest part of the media empire that James’ father Rupert Murdoch built.

    ”James is a giant!” said Alwaleed, a Murdoch family ally and one of Fox’s top shareholders with a 6.6 percent voting stake, in an interview. In particular, Alwaleed points to what he says is James’ ability to grasp the digital world and understand how it is transforming the media landscape, adding: “I really love him!”