- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Viacom, Inc. (NYSE:VIA): Media Networks saw revenue fall 5 percent to $2.27 billion, pushed by lower advertising and ancillary revenues. Domestic advertising revenues dropped 7 percent, impacted by the timing of event-driven programming versus the previous year’s quarter. Worldwide advertising revenues fell 9 percent in the quarter. Domestic affiliate revenues dropped 1 percent, showing how important digital affiliate revenues in the same quarter last year were. Excluding the impact of digital distribution arrangements, the company’s domestic affiliate revenue growth rate stayed in the high-single digits. Worldwide affiliate fees increased 1%.
AOL, Inc. (NYSE:AOL): AOL announced that the expiration of its modified “Dutch Auction” tender offer for the repurchase of as much as $400 million in value of shares of its common stock is still on track. AOL’s modified Dutch auction tender offer expired at 5:00 P.M., New York City time, on August 2. Based Computershare Trust Company’s preliminary count, N.A., the depositary for the tender offer, a total of 292,435 shares of AOL common stock was properly tendered at or below the final purchase price of $30.00 per share and not properly withdrawn. Before the tender offer and since August 2011, AOL repurchased 14.8 million shares of its common stock at a weighted average price of $14.11 per share for cumulative repurchases totaling nearly $209 million. In accordance with the terms and conditions of the tender offer, and based on the preliminary count by the depositary, AOL believes it will accept for purchase 292,435 shares of its common stock at a purchase price of $30.00 per share, for an aggregate purchase price of nearly $8.8 million, excluding fees and expenses in relation to the tender offer. The 292,435 shares expected to be purchased in the tender offer represent about 0.31 percent of AOL’s currently issued and outstanding shares of common stock.
Comcast Corporation (NASDAQ:CMCSA): Verizon Wireless, a joint venture of Verizon (NYSE:VZ) and Vodafone (NASDAQ:VOD), could be forced to face tough conditions in order to convince regulators to approve its proposed deal with cable companies, reports Reuters, who cited unnamed inside sources. Regulators are concerned about intentions by Verizon and Comcast (NASDAQ:CMCSA) to market each other’s products, as well as a new joint venture among Verizon and cable companies which could develop new technologies, the news service noted.
DIRECTV, Inc. (NASDAQ:DTV) states that its Q4 will be impacted by a DirecTV rate increase, blackout period.
SIRIUS XM Radio Inc. (NASDAQ:SIRI): Although there was an expected dip in profit, analysts are mostly optimistic concerning the company as it prepares to report its Q2 earnings on Tuesday, August 7, 2012.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.