NEW YORK, October 10, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Time Warner Cable Inc. (NYSE: TWC), Viacom, Inc. (NASDAQ: VIAB), Gannett Co., Inc. (NYSE: GCI), Cinemark Holdings, Inc. (NYSE: CNK), and Bona Film Group Ltd. (ADR) (NASDAQ: BONA). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Time Warner Cable Inc. Research Report
On October 7, 2013, Time Warner Cable Inc. (Time Warner) announced that it has entered into a definitive agreement with Duke Energy Corporation and investment funds managed by Alinda Capital Partners to acquire DukeNet Communications, LLC for $600 million in cash, including the repayment of debt. Time Warner stated that DukeNet is a regional fiber optic network company that serves customers in North Carolina and South Carolina, along with five other states in the Southeast. According to the Company, Duke Energy owns 50% of DukeNet while the remaining 50% is owned by the Alinda investment funds. Commenting on the acquisition, Phil Meeks, Executive Vice President and COO of Business Services for Time Warner said, "Business Services is a key growth area for Time Warner Cable and this acquisition will greatly enhance our already growing fiber network to better serve customers, particularly those in key markets in the Carolinas. This acquisition will help us expand our fiber footprint at a price that is consistent with our disciplined approach to M&A, accounting for expected synergies and tax benefits." The Full Research Report on Time Warner Cable Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b260_TWC]
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Viacom, Inc. Research Report
On October 7, 2013, TV Land, a brand of Viacom, Inc. (Viacom), announced that it has closed a half-hour workplace comedy script deal with multimedia studio Electus, an operating business of IAC. According to TV Land, the script revolves around a 30-something woman as she navigates the executive ranks among her old-school male counterparts while her 20-something male assistant tries to make it amidst his female-dominated peers. TV Land informed that the untitled script will be written and executive produced by Jon Sherman, with Electus' Chairman and Founder, Ben Silverman and Jimmy Fox also executive producing. In addition, TV Land recently announced a sitcom pilot, "Jennifer Falls," starring Jaime Pressly, and a second for a single camera show, "Younger," written by Darren Star. The Full Research Report on Viacom, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b922_VIAB]
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Gannett Co., Inc. Research Report
On October 3, 2013, Gannett Co., Inc. (Gannett) announced the completion of its previously announced private placement offering of $600 million aggregate principal amount of its 5.125% Senior Notes due 2019 and $650 million aggregate principal amount of its 6.375% Senior Notes due 2023. Gannett plans to use the net proceeds from the offering plus available cash to finance the acquisition of Belo Corp., and stated that any remaining proceeds may be used for general corporate purposes. Gannett President and CEO Gracia Martore, said, "Given the very strong interest in these notes, we were able to substantially increase the offering from $1 billion to $1.25 billion under highly favorable rates and terms. As always, Gannett has excellent financial flexibility thanks to our fortress balance sheet." The Full Research Report on Gannett Co., Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/cc5e_GCI]
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Cinemark Holdings, Inc. Research Report
On October 6, 2013, Cinemark Holdings, Inc. (Cinemark) issued a press release congratulating Warner Brothers and Director Alfonso Cuaron for the success of Gravity in 3D. According to Cinemark, Gravity totaled $55 million gross box office with 80% of the total box in 3D, reflecting the continued demand for the technology given appropriate film product. Tim Warner, Cinemark's CEO, said, "Our 3D success was led by Cinemark's Premium Large Format experience, known as Cinemark XD. We proudly offer our guests the number one private label Premium Large Format (PLF) screens in the world, with 142 total XD screens. Gravity in 3D played in 87 XD auditoriums nationwide, out of 868 total Cinemark screens, and grossed an amazing 23% of the Cinemark gross." The Full Research Report on Cinemark Holdings, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b2c2_CNK]
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Bona Film Group Ltd. (ADR) Research Report
On September 30, 2013, Bona Film Group Limited (Bona) announced that the Company has secured an investment from Fosun Group (Fosun), a leading, large-scale group with a focus on China's growth momentum in areas such as insurance, industrial operations, property development, investment and asset management. Bona said that under the investment agreement, Fosun will acquire 2 million Bona ordinary shares, representing a 6.4% equity stake in the Company, at an average price of $10.40 per share, or $5.20 per American Depository Share. Bona said that Fosun acquired the shares from Matrix Partners China Funds and some of Bona's pre-IPO shareholders. According to the Company, the transaction is expected to close in the next 10 days (i.e. around October 10, 2013). The Full Research Report on Bona Film Group Ltd. (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e314_BONA]
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