Jennifer's Feed
May 5, 2015

News Corp quarterly revenue falls on currency, lower ad sales

By Jennifer Saba

(Reuters) – News Corp (NWSA.O: Quote, Profile, Research, Stock Buzz), owner of the Wall Street Journal and HarperCollins, reported a decline in quarterly revenue and profit due to foreign currency changes and a drop in ad sales at its newspapers.

Total revenue for the third quarter fell 1 percent to $2.06 billion. Analysts were expecting revenue of $2.11 billion, according to Thomson Reuters I/B/E/S.

May 4, 2015

Samsung, Marvel use virtual reality for ‘Avenger’ movie ads

By Jennifer Saba

(Reuters) – Samsung and Walt Disney’s Marvel introduced a marketing campaign that for the first time promotes a movie using short virtual reality films.

The ad campaign, launched last week for the movie “Avengers: Age of Ultron,” employs technology that immerses a user in a 3D world and makes them feel as if they are in the action.

May 1, 2015

Charter loss widens on costs from Comcast-Time Warner Cable deal

By Subrat Patnaik and Jennifer Saba

(Reuters) – Cable company Charter Communications Inc (CHTR.O: Quote, Profile, Research, Stock Buzz) reported a bigger quarterly loss, hurt by costs from a failed deal between Comcast Corp (CMCSA.O: Quote, Profile, Research, Stock Buzz) and Time Warner Cable Inc (TWC.N: Quote, Profile, Research, Stock Buzz) that involved assets it was planning to buy.

The $45 billion deal fell through after U.S. regulators raised concerns that it would give Comcast an unfair advantage in the cable TV and Internet-based services market.

Apr 30, 2015

Viacom U.S. advertising decline persists in first quarter; beats profit estimate

By Devika Krishna Kumar and Jennifer Saba

(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

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.