Discovery Communications said Monday it would pay US$70 million (RM283.4 million) to boost its stake in its joint venture, the Oprah Winfrey Network television group, which produces the celebrity's programs. But the deal, announced Monday, increases Discovery's ownership stake in the basic cable channel by 24.5% to almost 75%.
Discovery Communications Inc.is taking majority control of OWN, the cable network it co-owns with Oprah Winfrey. With the transaction, Discovery has increased its ownership stake in OWN to more than 70%.
"Ten years ago, Oprah and I began to imagine what a network, inspired by her vision and values, could mean to viewers across the United States", said Discovery president & CEO David Zaslav.
Oprah Winfrey will remain chief executive officer and will extend her exclusive commitment to the channel through to 2025.
OWN first kicked off in 2011 and has since become the No. 1 most-watched network among African-American women. She added that she was thrilled with the success of the network and excited regarding the next chapter in the partnership. The network is led by hit series including Queen Sugar andGreenleaf, the top two original series on all of television Wednesday nights for African-American viewers.
The network has recently expanded its relationships with premier storytellers and producers including Ava DuVernay, Mara Brock Akil and Salim Akil, Academy Award-winning "Moonlight" writer / producer Tarell Alvin McCraney and filmmaker Will Packer.
The Scripps deal, expected to close in early 2018, will bring together Scripps' largely female-targeted lifestyle channels such as HGTV, Travel Channel and Food Network with Discovery's TLC, ID and OWN.
In September, Discovery agreed to acquire Scripps Networks Interactive Inc. for $11.9 billion.
Once the transactions are complete, Discovery expects to be home to five of the top pay-TV networks for women, and represent 20% share of women watching primetime pay-TV in the U.S.
Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. US Bancorp DE's holdings in Oxford Industries were worth $1,163,000 at the end of the most recent reporting period.
The "We Found Love" hitmaker beat Taylor Swift, Selena Gomez, Ariana Grande and Sia to clinch the top spot. Singer Ed Sheeran has been named as the most-streamed artist of 2017 by music streaming service Spotify .
It serves a range of clients around the world, including corporations, governments, institutions, partnerships and individuals. Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide.
Zoetis Inc had 64 analyst reports since July 24, 2015 according to SRatingsIntel. (NYSE:ZTS) to report earnings on February, 15. BidaskClub downgraded Zoetis from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, September 20th.
Since June 14, 2017, it had 0 insider purchases, and 2 selling transactions for $1.54 million activity. (NYSE:OMI) is 0.064719. Conestoga Capital Advisors Llc holds 1.45% of its portfolio in ESCO Technologies Inc. for 465,779 shares. (NYSE:OI).
This will remove the highlight from your profile, but deleted stories will still be saved in your archive until you delete them. Instagram won't begin saving your stories until that notification appears, and it offers a link to opt out if you choose.
The company had revenue of $16.77 billion during the quarter, compared to analysts' expectations of $16.59 billion. The stock exchanged hands with 12,892,939 numbers of shares compared to its average daily volume of 6.32M shares.
Thornell King said that investigators believe the bus was travelling in a ditch for about 100 yards before hitting a tree. There were a total of 21 people on the bus that were taken to area hospitals, including the driver.
Apart from this type of images, Instagram has also added pop-up warnings for topics, like self-harm and eating disorders. The warning message includes a link to a page with resources that may help resolve this kind of mental health issue.
Punjab govt issues Model Town inquiry report
CM Shehbaz telephoned his secretary, Tauqeer Shah, and ordered immediate withdrawal of police from the scene, the report says. Punjab Law Minister Rana Sanaullah today totally dismissed the Model Town inquiry report and labelled it as "defective".
Nexstar Media Group, Inc. (NasdaqGS:NXST) By The Numbers
It has outperformed by 2.73% the S&P500.The move comes after 6 months positive chart setup for the $3.23 billion company. Neuberger Berman Group LLC increased its stake in shares of Nexstar Broadcasting Group by 3.8% during the third quarter.
$0.37 EPS Expected for Bed Bath & Beyond Inc. (BBBY)
The retailer reported $1.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.77 by $0.07. Any way you dice it, a dip below $22.07 a share would be very bad news for BBBY's technical picture in the near-term.
Lamborghini unveils SUV which hits 100kmh in 3.6secs
It seats five, andTop Gear reports that it offers good luggage and rear-passenger space despite its sloping roofline. Aluminium 10-piston callipers clamp down up front while cast-iron floating six-pot stoppers feature at the rear.
Comerica (CMA) Raised to "Outperform" at Macquarie
They expect this year's earnings to rise 60.6% year-over-year to $4.85, followed by 11.55% growth in the next year to $5.41. The firm has "Neutral" rating given on Thursday, April 21 by Bank of America. (NYSE:CFR) rating on Friday, October 7.
Purchases 8696 Shares of Stryker Corporation (SYK)
Acadian Asset Management Limited Com holds 0.01% of its portfolio in Scientific Games Corporation (NASDAQ:SGMS) for 68,691 shares. Argent Capital Management Llc increased Bristol (NYSE:BMY) stake by 211,100 shares to 218,950 valued at $12.20M in 2017Q2.
Top retweets of 2017 include 3 from Obama
However, it's hard for any one of his tweets to capture attention in the way Obama's most popular tweets have. Barack Obama, on the other hand, had three of the top ten globally retweeted posts on Twitter.
Plains All American Pipeline, LP (NYSE:PAA)
Over a month, it has seen its stock price volatility to stay at 3.47% while shortening the period to a week, volatility was 3.39%. With 2.96M avg volume, 4 days are for Plains All American Pipeline LP (NYSE:PAA)'s short sellers to cover PAA's short positions.
Pterosaur Eggs Reveal The Early Life Of Flying Reptiles
Judging from the few bones they could see in the embryos, they could find out the stage of development of the wings in hatchlings. The main flight-controlling muscles weren't developed enough, so they couldn't fly immediately after hatching.
GM drivers can now shop on their commute
Starbucks offers another convenient way for customers to order ahead and enjoy their favorite handcrafted beverage or food item. General Motors Co has added a new service today called Marketplace as an effort to upgrade the driving experience.