Discovery (DISCA) Acquires Scripps Network (SNI) in $11.9 Billion Deal
01 August, 2017, 22:59 | Author: Gladys Mathis
More interesting news about Discovery Communications Inc. "While it could be argued that the move is somewhat defensive by Discovery, scale for programmers will be increasingly important", he said. The legal version of this report can be accessed at https://sportsperspectives.com/2017/07/31/discovery-communications-inc-nasdaqdisca-releases-earnings-results-misses-expectations-by-0-04-eps.html. (NASDAQ:DISCA) opened at 24.60 on Tuesday. Looking out over the past year, company shares have been recorded -19.31% off the 52 week high and 1.90% away from the low over the same period. SNI has recorded a 50-day average of $70.79 and a two hundred day average of $73.76. The firm has a market capitalization of $10.90 billion, a PE ratio of 12.87 and a beta of 1.60. TheStreet upgraded Discovery Communications from a "c+" rating to a "b-" rating in a report on Monday, April 10th. Adjusted EPS came in at 68 cents, below analyst estimates of 72 cents. Discovery Communications had a net margin of 17.50% and a return on equity of 23.67%. Discovery reported flat year-over-year ad sales revenue of $472 million and overall quarterly sales that were up 2 percent to $1.75 billion. Analysts expect that Scripps Networks Interactive, Inc. will post $5.49 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This news story was first published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of USA and global trademark and copyright law. Xact Kapitalforvaltning AB's holdings in Scripps Networks Interactive were worth $1,967,000 at the end of the most recent quarter. Pivotal Research reaffirmed a "hold" rating and issued a $28.00 price target (up previously from $27.00) on shares of Discovery Communications in a research note on Sunday, April 23rd. Discovery Communications now has a consensus rating of "Hold" and an average price target of $28.65.
In other news, insider Bruce Campbell sold 9,283 shares of Discovery Communications stock in a transaction on Thursday, June 15th.
Daniel Ricciardo fastest in practice for Hungarian F1 GP
Hamilton will start from a disappointing fourth place on the grid and alongside his Finnish team mate Valtteri Bottas . It's a front row for Ferrari , so we're looking forward to tomorrow. "But it's always hot here, tough on tires".
US stocks are mostly lower in midday trading as Facebook and other technology companies open the week with losses. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
As is often the case with deals, shares of the buyer, in this case Discovery, were trending about 1.7 percent lower, while the stock of the takeover target rose about 1 percent.
Critics of Sharad Yadav had attributed his silence on the alliance with the BJP to angling for a cabinet berth at the Centre. The signals are loud and clear that he is ready to divorce JD (U), though Yadav himself stopped short of spelling it out.
European by her origins, her artistic choices have led her to collaborate with the greatest European artists of her generation. She had a son, Jerome, in 1949 from her first marriage to Jean-Louis Richard. 'Sorry, Jeanne , but this is beyond us.
Screenshot of the notification ExpressVPN received from Apple about the removal of ExpressVPN's iOS app from the China App Store. China infamously has strict regulations on Internet access and VPNs were one way people could circumvent the Great Firewall.
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Trump has previously lost a deputy chief of staff, national security adviser, communications director and press secretary. It's clear, in tweets and comments, that Mr Trump believes the Republican Party does not have his best interests in mind.
"When you see these thugs being thrown into the back of a paddy wagon, you just see them thrown in, rough". The comment elicited laughter and applause from some, including uniformed law enforcement, in the audience.
But Trump could still veto the pending legislation, White House Communications Director Anthony Scaramucci told CNN on Thursday . Republicans and Democrats have pushed for more sanctions partly as a response to the election allegations.
Others, who have not joined are Raghavji Patel of Jamnagar South Seat and Dharmendrasinh Jadeja of Jamnagar North seat. Ironically, the ruling BJP in Gujarat has fielded Balwantsinh Rajput, who quit the Congress, to contest against Patel.
Priebus had initially tried to block Scaramucci from an earlier post in the White House. He also thanked Priebus for "service and dedication to his country".
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