Madison Square Garden Updates Potential Spinoff Plans
Expects to separate into two entertainment and sports companies in Q1 2020
Expects to separate into two entertainment and sports companies in Q1 2020
Stock drops 22% in early trading Wednesday after disappointing Q4 guidance
High speed data additions of 379K were best Q3 performance in a decade, company says
SVOD pioneer’s stock falls 4% after Verizon says will offer free year of streaming service to customers
Tells industry audience that Disney+, Apple TV Plus will create ‘new world’
Broadcaster rebuffed advances, but could be in play
Both stocks down more than 8% as Dow sinks 800 points
Broadband growth flat but wireless additions outpace expectations
Stock down 6% as reports say satellite carrier to pay $5B for wireless assets
Customer relationships rise 152K on 181K gain in wireless customers
Proceeds would be used to fund purchase of eight Nexstar stations
AGs from nine states and the District of Columbia say merger will drive up prices
Revenue dips 8.2% as nine-month blackout pressures ad sales, affiliate fees
Cable revenue rises 2% in the quarter, erasing 2% deficit at broadcast unit
Retransmission consent fees rise 14%, beating analyst estimates
Revenue rises 8.5%, but tougher comps meant lower profits in period