21st Century Fox (FOXA) Margin Upside Offset by Industry Concerns - Nomura
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Time Warner amplifies fears that viewers are deserting pay TV
November 4, 2015 3:16 PM ESTBy Lisa Richwine and Devika Krishna Kumar
LOS ANGELES (Reuters) - Time Warner Inc (NYSE: TWX) on Wednesday re-ignited concerns that U.S. consumers are shifting to Internet television faster than expected and creating challenges to major media companies that have thrived with programming on pay TV.
Traditional media companies' shares fell after Time Warner said during its quarterly conference call that it needed to take new steps to address the shakeup in TV viewing.
The company's quarterly results added evidence that "cord-cutting," or dropping pay TV services, threatens... More
Time Warner (TWX) Peers Trade Lower in Sympathy on Soft FY16 EPS Guidance
November 4, 2015 11:01 AM ESTTime Warner (NYSE: TWX) peers weaken after the company reported disappointing FY16 guidance on its conference call. Time Warner said it sees 2016 EPS of around $5.25, below the consensus of $5.60.
Peers include:
Viacom (NASDAQ: VIAB)21st... More21st Century Fox (FOXA) Reports In-Line Q1 EPS
November 4, 2015 7:34 AM EST21st Century Fox (NASDAQ: FOXA) reported Q1 EPS of $0.38, in-line with the analyst estimate of $0.38. Revenue for the quarter came in at $6.08 billion versus the consensus estimate of $6.42 billion.
Commenting on the results, Executive Chairman Rupert Murdoch said:
Our cable networks business generated strong growth in the first... More
Time Warner warns on ad revenue as ratings fall, shares plunge
November 4, 2015 7:10 AM ESTBy Anya George Tharakan and Arathy S Nair
(Reuters) - Time Warner Inc (NYSE: TWX) - the owner of cable channels TNT, TBS Cartoon Network - said ratings for its "key" domestic entertainment networks have dropped more than anticipated, which will result... More
