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UPDATE: Morgan Stanley Raises PT on CBS Corp. to $28 (CBS)
Wednesday, April 6, 2011 - 8:09am | 105Morgan Stanley is out with its report today on CBS Corp. (NYSE: CBS), raising its PT from $27 to $28. In a note to clients, Morgan Stanley writes, "Ratings strength at the CBS network, growing retransmission fees and key cost initiatives should lead to upside to consensus EPS over the next several...
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UPDATE: Morgan Stanley Downgrades Cablevision Systems To Underweight; Lowers PT To $36
Wednesday, April 6, 2011 - 8:02am | 181Morgan Stanley is moving to a relative Underweight on Cablevision Systems (NYSE: CVC) and reducing the PT to $36 as valuation appears full and 4Q results leaves it concerned over '11 growth. Morgan Stanley continues to like CVC's buybacks and equity shrink, the planned spin of Rainbow, which...
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Sirius XM Radio Announces Increase in Purchase Price for its 3-1/4% Convertible Notes due 2011
Wednesday, April 6, 2011 - 7:35am | 62Sirius XM Radio Inc. (NASDAQ: SIRI) today announced that it has increased the purchase price offered in its tender offer for any and all of its outstanding 3-1/4% Convertible Notes due 2011 to $1,010 per $1,000 principal amount of Notes tendered, plus accrued and unpaid interest up to, but not...
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Sirius XM Radio Increases Purchase Price Of 3-1/4% Convertible Notes Expiring 2011 (SIRI)
Wednesday, April 6, 2011 - 7:33am | 21Sirius XM Radio (NASDAQ: SIRI) Increases Purchase Price Of 3-1/4% Convertible Notes Expiring 2011.
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A Peek Into The Market Before The Trading Starts
Wednesday, April 6, 2011 - 7:23am | 383Pre-open movers US stock futures are higher this morning, as investors are awaiting quarterly results from Monsanto Co (NYSE: MON). Gold futures surged to a new high. Futures for the Dow Jones Industrial Average surged 68 points to 12,395.00, while those for the S&P 500 index rose 8.70 points...
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Blockbuster Auction Details: Icahn Battles Dish Network For Highest Bid (BLOAQ, DISH)
Tuesday, April 5, 2011 - 4:15pm | 28Blockbuster(BLOAQ) receives $310.6M bid from Icahn. Dish Network (NASDAQ: DISH) takes second.
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Blockbuster Auction Details: DISH Network offers $307.1M (BLOAQ, SKM, DISH)
Tuesday, April 5, 2011 - 3:50pm | 49Blockbuster (BLOAQ) will not receive any further bids from SK Telecom (NYSE: SKM) but there has been an offer of $307.1M from Dish Network (NASDAQ: DISH).
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Blockbuster Auction Specifics (BLOAQ, DISH)
Tuesday, April 5, 2011 - 3:28pm | 52Blockbuster (OTC: BLOAQ) auction has five qualified bids in auction for assets. Lawyer says, "highest bid is from Dish Network (NASDAQ: DISH)... Icahn Group gave second highest bid... the auction will take bids in $1M increments."
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Blockbuster Auction To Start With Dish Bid -Bloomberg (BLOAQ, DISH)
Tuesday, April 5, 2011 - 10:45am | 28Blockbuster (OTC: BLOAQ) auction will begin with DISH Network (NASDAQ: DISH) bid.
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Morgan Stanley Comments On Scripps Networks Interactive; Reiterates OW Rating
Tuesday, April 5, 2011 - 9:04am | 185Morgan Stanley reiterates its OW rating on Scripps Networks Interactive (NYSE: SNI), which has lagged Media peers by roughly 15% YTD. Morgan Stanley expects that accelerating ad growth in 1Q and continued scatter momentum in 2Q should help reverse some of this underperformance. Further upside to...
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Jefferies Initiates CETV At Hold, $24 PT
Tuesday, April 5, 2011 - 7:34am | 34Jefferies is initiating coverage on Central European Media Enterprises (NASDAQ: CETV) with a Hold recommendation and a $24 price target. Central European Media Enterprises closed Monday at $21.48.
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Citi Reports LBTYA Possibly Bidding For Ziggo
Tuesday, April 5, 2011 - 7:19am | 120Citi has issued a report that Liberty Global Inc (NASDAQ: LBTYA) may be bidding for Dutch cable firm Ziggo. According to the report, "EBITDA Mix shifts in the right direction — LGI generates 57% of its current EBITDA from Western Europe. After the KBW and potential Ziggo deal, LGI will generate 69...
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Investing In Stupidity (BLOAQ, BLOBQ)
Monday, April 4, 2011 - 5:42pm | 765It seems that we have traveled back in time. Snow White is coming to theaters. Arnold Schwarzenegger is starring in a new cartoon. Blockbuster Video (OTC: BLOAQ) (OTC: BLOBQ), the once-mighty video rental chain, has gotten the interest of Dish Networks (NASDAQ: DISH), SK Telecom (NYSE: SKM), and...
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Pre-Market Outlook: U.S. Futures Higher on Monday
Monday, April 4, 2011 - 6:32am | 211Futures contracts for the S&P 500, NASDAQ, and Dow Jones Industrial Average are pointing to a higher U.S. opening on Monday, following strong Asian stocks. Asian shares rose to their highest levels in nearly three years after a Friday report showed stronger-than-expected U.S. jobs growth. The...
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Two New Bidders For Blockbuster - Bloomberg (BLOAQ, DISH, SKM)
Friday, April 1, 2011 - 3:13pm | 57According to Bloomberg, Blockbuster (BLOAQ) is attracting attention from a number of bidders. Aside from Dish Network (NASDAQ: DISH) and Carl Icahn, there is also interest from SK Telecom (NYSE: SKM) and corporate liquidators.