MCN Newswire: AMC Reports Higher Q2 Revenues; CBS Earnings Fall During Q2; AT&T, DirecTV Want To Buy CSN Houston
Top Stories - August 08, 2014
AMC Reports Higher Q2 Revenues Because of a big gain from the Dish Network litigation a year ago, AMC Networks reported lower profits in the second quarter. more CBS Earnings Fall During Q2 The company also announced that it was increasing its quarterly dividend by 25% and increasing its share repurchase program to $6 billion.more
AT&T, DirecTV Want To Buy CSN Houston After wending their way through 11 months of Chapter 11 bankruptcy proceedings, the problems with Comcast SportsNet Houston could be coming to an end. AT&T and DirecTV Sports Networks have pitched a plan to become the owners of CSN Houston, the troubled regional sports network home to MLB's Houston Astros and the NBA's Houston Rockets that has been crippled by a lack of distribution preventing it from paying rights fees to the clubs.more
FCC Opens Docket On Extending Political File Mandate The FCC has opened a docket (14-127) and is seeking comment on a petition by The Campaign Legal Center, Common Cause and the Sunlight Foundation to require cable and satellite operators to make their political files part of a national searchable database, as is the requirement for all TV stations since July 1.more
Cord-Cutting 'Slows To A Crawl': Analyst Cord-cutting remains a small and slowing trend, but there are still reasons for the pay-TV industry to be nervous about the future, a top industry analyst says Following a relatively smooth second quarter, typically the weakest for the pay-TV industry as students depart and other consumers move to their summer homes, the budding cord-cutting trend has slowed to a crawl, MoffettNathanson principal and senior media analyst Craig Moffett declared in a research note issued Thursday.more