Viacom, Inc. (NASDAQ:VIAB)’s Comedy Central was launched this week, replacing Paramount Comedy as part of the company’s worldwide strategy to reinforce the network’s brand. The channel is broadcast in HD on every Spanish pay-TV platform and has premiered the in-house production El Roast de Santiago Segura to reinforce the channel’s spirit: national shows as well as international shows which have achieved audience success. Viacom, Inc. (NASDAQ:VIAB) net profit margin is 18.20% and weekly performance is 0.54%. On last trading day company shares ended up $83.83. Analysts mean target price for the company is $94.37. Viacom, Inc. (NASDAQ:VIAB) distance from 50-day simple moving average (SMA50) is -1.42%.
Time Warner Inc (NYSE:TWX) had its target price boosted by Topeka Capital Markets from $67.00 to $68.00 in a report issued on Wednesday,American Banking News.com reports. They currently have a hold rating on the stock. Time Warner Inc (NYSE:TWX) shares advanced 0.57% in last trading session and ended the day on $68.89. Gross Margin is 45.30% and its return on assets is 7.40%. Time Warner Inc (NYSE:TWX) quarterly performance is 6.02%.
Twenty-First Century Fox Inc. (NASDAQ:FOXA), which is owned by Mr. Rupert Murdoch, made a statement announcing that a preliminary agreement with Apollo Global Management LLC was reached. The companies has agreed to merge in order to form a new TV-production venture that is supposed to be the largest one in the world and would consist of a total of three companies. As reported by the Financial Times, Twenty-First Century Fox revealed in its statement a “preliminary agreement, subject to a number of conditions”, but also explained that there was “no assurance that the proposed transaction will be completed”. The company also shared that the two companies have not sealed the contract yet and there is much to be done before the deal is to be finalized. Twenty-First Century Fox Inc (NASDAQ:FOXA) shares moved up 0.15% in last trading session and was closed at $34.07, while trading in range of $33.58 – $34.28. Twenty-First Century Fox Inc (NASDAQ:FOXA) year to date (YTD) performance is -2.77%.
Sony Corp (ADR) (NYSE:SNE) India has released its flagship smartphone, Xperia Z2, on May 8, 2014 after achieving great success with its earlier releases – Xperia Z and Z1. With this launch Sony is all set to take its rival, HTC, head on in the top-end Android smartphone market in India. The Taiwanese tech giant has launched its premium flagship smartphone, HTC One (M8), just a month back. Naturally, the technology fraternity has already started pitching one against the other. Sony Corp (ADR) (NYSE:SNE) ended the last trading day at $16.38. Company weekly volatility is calculated as 2.24% and price to cash ratio as 1.02. Sony Corp (ADR) (NYSE:SNE) showed a negative weekly performance of -5.75%.
Deutsche Bank upgraded shares of RWE AG (NASDAQ:RWEOY) from a hold rating to a buy rating in a research report released on Thursday morning,TheFlyOnTheWall.com reports. RWE AG (ADR) (OTCMKTS:RWEOY) on last trading day company shares ended up $36.54 .