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DISCA

Discovery

$26.17

-0.23 (-0.87%)

09:33
10/13/16
10/13
09:33
10/13/16
09:33

Discovery to make $100M minority investment in Group Nine Media

Discovery Communications said in a regulatory filing that it has agreed to make a minority investment of $100M and enter into a strategic partnership with Group Nine Media, a new media holding company consisting of Thrillist Media Group, NowThis Media, The Dodo and Discovery's digital network Seeker . Axel Springer will maintain its investment as the second largest shareholder. Ben Lerer, CEO of Thrillist, will become CEO of Group Nine Media. The merging of these millennial-focused brands will immediately create in Group Nine Media one of the largest digital-first media companies. he partnership between Discovery and Group Nine Media will include a commercial agreement that will enable advertisers to reach their desired audience via true 360 opportunities across multiple platforms including linear, digital, social and live events. On the closing of today's investment and partnership, Group Nine Media will expand Discovery's push into the digital network space targeting millennials, which began with the 2012 acquisition of digital network Revision3 and the subsequent acquisition in 2013 of Internet video icon Philip DeFranco's portfolio of online video channels and ventures, DeFranco Creative. Now called Seeker and SourceFed Studios, these entities will become part of Group Nine Media. Discovery also led rounds of funding in The Dodo in 2014 and 2015. In the future, Discovery will have an option to buy a controlling stake in Group Nine Media.

  • 01

    Nov

DISCA Discovery
$26.17

-0.23 (-0.87%)

09/27/16
09/27/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Gilead (GILD) downgraded to Market Perform from Outperform at Leerink with analyst Geoffrey Porges saying he's now "outright bearish" on the company's Hepatitis C virus business. 2. J.M. Smucker (SJM) downgraded to Neutral from Outperform at Credit Suisse with analyst Robert Moskow saying that while the company raised its cost savings target as expected, he underestimated the hit to sales from difficult comparisons. 3. Discovery (DISCA) and Scripps Networks (SNI) downgraded to Sell from Neutral at MoffettNathanson. 4. Carter's (CRI) downgraded to Market Perform from Outperform at Wells Fargo with analyst Ike Boruchow saying his quarter-to-date store checks indicate "choppy" retail traffic trends and "deeper" pricing/promotional pressure. 5. Dollar Tree (DLTR) downgraded to Underweight from Neutral at Atlantic Equities with analyst Sam Hudson saying the second half comp inflection expected by consensus is "too demanding" and he expects multiple contraction if Family Dollar does not turn around. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/29/16
BRRR
09/29/16
DOWNGRADE
BRRR
Market Perform
Discovery downgraded to Market Perform from Outperform at Barrington
09/29/16
BRRR
09/29/16
DOWNGRADE
BRRR
Market Perform
Discovery downgraded to Market Perform at Barrington
As previously reported, Barrington analyst James Goss downgraded Discovery to Market Perform from Outperform, saying that Brexit and sports costs are dragging on its international results and foreign exchange tailwinds are moderating in many geographies.
09/29/16
09/29/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Coca-Cola (KO) downgraded to Hold from Buy at Stifel with analyst Mark Swartzberg saying that Coca-Cola's and Pepsi's organic EPS growth appears to be similar, but he believes that Pepsi is less vulnerable to foreign exchange fluctuations. 2. Fitbit (FIT) downgraded to Underweight from Sector Weight at Pacific Crest analyst Brad Erickson citing his channel checks which indicated that Charge 2, the company's flagship holiday product, is off to a slow start. 3. Discovery (DISCA) downgraded to Market Perform from Outperform at Barrington with analyst James Goss saying that Brexit and sports costs are dragging on its international results and foreign exchange tailwinds are moderating in many geographies. 4. Sonus (SONS) downgraded to Underperform from Market Perform at Cowen with analyst Paul Silverstein saying the firm's industry checks uncovered operational challenges and ongoing employee and executive churn. 5. Alcobra (ADHD) downgraded to Hold from Buy at Cantor and to Perform from Outperform at Oppenheimer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SGMO

Sangamo

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SGEN

Seattle Genetics

$66.26

-0.44 (-0.66%)

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Bristol-Myers

$55.55

-0.41 (-0.73%)

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Seattle Genetics, Bristol-Myers: Data supports ADCETRIS, Opdivo combo »

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SGEN

Seattle Genetics

$66.26

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BMY

Bristol-Myers

$55.55

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LGIH

LGI Homes

$32.34

0.45 (1.41%)

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LGI Homes reports November home closings up 28.9% y/y »

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CELG

Celgene

$116.56

-1.07 (-0.91%)

19:36
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Celgene reports analysis of three CC-486 studies »

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  • 06

    Dec

BLUE

bluebird bio

$72.15

2.4 (3.44%)

19:35
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bluebird bio provides updates on HSC gene therapy programs »

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AGIO

Agios Pharmaceuticals

$49.88

-7.09 (-12.45%)

19:33
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12/05
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Agios 'encouraged' by durable clinical activity of AG-120 »

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MRK

Merck

$60.25

-0.88 (-1.44%)

19:31
12/05/16
12/05
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Hot Stocks
Merck: KEYNOTE-087 trial data shows oORR of 69%, CRR of 22.4% »

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  • 06

    Dec

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    Mar

TWX

Time Warner

$93.34

-0.46 (-0.49%)

, T

AT&T

$38.63

0.02 (0.05%)

19:29
12/05/16
12/05
19:29
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19:29
Periodicals
Time Warner 'struggling to expand' HBO Now, NY Post says »

Time Warner (TWX) is…

TWX

Time Warner

$93.34

-0.46 (-0.49%)

T

AT&T

$38.63

0.02 (0.05%)

03/08/13
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  • 05

    Dec

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    Dec

BP

BP

, REPYY

Repsol

$13.88

0.25 (1.83%)

19:18
12/05/16
12/05
19:18
12/05/16
19:18
Periodicals
BP acquires Repsol stake in Indonesia LNG plant, Reuters says »

BP (BP) has purchased…

BP

BP

REPYY

Repsol

$13.88

0.25 (1.83%)

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FOSUF

Fosun

19:12
12/05/16
12/05
19:12
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19:12
Hot Stocks
Liberty Mutual to acquire Fosun subsidiary Ironshore for roughly $3B »

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VZ

Verizon

$49.75

-0.06 (-0.12%)

, YHOO

Yahoo

$40.20

0.13 (0.32%)

18:54
12/05/16
12/05
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18:54
Periodicals
AOL CEO 'cautiously optimistic' Verizon-Yahoo deal will go through, WSJ says »

AOL CEO Tim Armstrong…

VZ

Verizon

$49.75

-0.06 (-0.12%)

YHOO

Yahoo

$40.20

0.13 (0.32%)

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  • 05

    Dec

  • 24

    Jan

TUWOY

Tullow Oil

$2.06

0.109 (5.58%)

18:46
12/05/16
12/05
18:46
12/05/16
18:46
Downgrade
Tullow Oil rating change  »

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GBNK

Guaranty Bancorp

$22.15

0.75 (3.50%)

18:43
12/05/16
12/05
18:43
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18:43
Hot Stocks
Breaking Hot Stocks news story on Guaranty Bancorp »

Castle Creek raises stake…

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ATKR

Atkore

$20.48

-0.18 (-0.87%)

18:41
12/05/16
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18:41
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18:41
Syndicate
Atkore files to sell 8M shares of common stock for holders »

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UTX

United Technologies

$107.42

-0.8 (-0.74%)

18:38
12/05/16
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United Technologies CEO: No quid pro quo on taxes in Carrier deal with Trump »

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IPDN

Professional Diversity Network

$9.75

-0.01 (-0.10%)

18:37
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Breaking Hot Stocks news story on Professional Diversity Network »

North Star cuts passive…

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DHXM

DHX Media

$5.05

-0.36 (-6.65%)

18:33
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Breaking Hot Stocks news story on DHX Media »

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TPHS

Trinity Place

$10.02

0.08 (0.80%)

18:24
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Trinity Place Holdings, Pacolet Milliken acquire Brooklyn building for $68.8M »

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SU

Suncor

$32.46

0.23 (0.71%)

18:07
12/05/16
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Hot Stocks
Suncor Energy resolves C$1.3B tax dispute with Canada Revenue Agency »

Suncor Energy reports…

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XLRN

Acceleron

$34.90

-1.39 (-3.83%)

, CELG

Celgene

$116.56

-1.07 (-0.91%)

18:07
12/05/16
12/05
18:07
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18:07
Hot Stocks
Acceleron, Celgene report Phase 2 data on luspatercept in beta-thalassemia »

Acceleron Pharma (XLRN)…

XLRN

Acceleron

$34.90

-1.39 (-3.83%)

CELG

Celgene

$116.56

-1.07 (-0.91%)

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  • 05

    Dec

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SNSS

Sunesis

$4.02

0.12 (3.08%)

17:54
12/05/16
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Hot Stocks
Sunesis says new VALOR trial data show 'compelling durable survival outcomes' »

Sunesis Pharmaceuticals…

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COUP

Coupa Software

$26.02

-0.27 (-1.03%)

, BOBE

Bob Evans

$46.77

1.05 (2.30%)

17:52
12/05/16
12/05
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17:52
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS: Coupa…

COUP

Coupa Software

$26.02

-0.27 (-1.03%)

BOBE

Bob Evans

$46.77

1.05 (2.30%)

TXMD

TherapeuticsMD

$6.17

0.04 (0.65%)

KMI

Kinder Morgan

$21.46

0.1 (0.47%)

SB

Safe Bulkers

LXRX

Lexicon

$15.64

0.66 (4.41%)

FET

Forum Energy

$23.20

1.15 (5.22%)

RCII

Rent-A-Center

$11.91

0.38 (3.30%)

03/08/13
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  • 05

    Dec

  • 05

    Dec

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    Dec

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    Dec

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    Dec

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    Dec

  • 09

    Jan

  • 28

    Feb

  • 06

    Dec

KPTI

Karyopharm

$8.87

-0.41 (-4.42%)

17:47
12/05/16
12/05
17:47
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17:47
Hot Stocks
Karyopharm presents updated Phase 1b STOMP data at ASH »

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  • 05

    Dec

BOBE

Bob Evans

$46.77

1.05 (2.30%)

17:47
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12/05
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17:47
Hot Stocks
Bob Evans says evaluating potential opportunities for value creation »

President and Chief…

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  • 05

    Dec

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    Dec

  • 09

    Jan

GOOG

Alphabet

$762.52

12.02 (1.60%)

, GOOGL

Alphabet Class A

$778.22

13.76 (1.80%)

17:46
12/05/16
12/05
17:46
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17:46
Hot Stocks
Google posts job listing for 'conservative outreach' manager »

Google has posted a job…

GOOG

Alphabet

$762.52

12.02 (1.60%)

GOOGL

Alphabet Class A

$778.22

13.76 (1.80%)

03/08/13
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  • 15

    Jan

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