Jason Bazinet, an analyst at Citigroup Inc., discusses the outlook for News Corp.'s shares as the company faces a phone-hacking investigation.
Scripps Networks Interactive Inc., owner of HGTV and the Food Network, rose the most in more than two years after Variety reported Discovery Communications Inc. may bid for the company.
Discovery Communications Inc. isn’t the only media company that could view Scripps Networks Interactive Inc. as takeover bait.
Cablevision Systems Corp., the fifth- largest U.S. cable provider, slumped the most in more than 2 1/2 years in New York trading after reporting profit that missed analysts’ estimates amid subscriber defections.
Cablevision Systems Corp., the New York-area cable TV operator, reported second-quarter profit that topped analysts’ estimates as it added more phone and broadband subscribers.
"Cable companies should not be losing basic subscribers to satellite or phone competitors."
- Jason Bazinet on May 17, 2010