Recognitions, Financial Reports, Conference Participation, Public Offer Updates, and Senior Notes Ratings - Analyst Notes on Walt Disney, WWE, Liberty Interactive, Liberty Global, and Regal
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NEW YORK, March 12, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Walt Disney Co. (NYSE: DIS), World Wrestling Entertainment Inc. (NYSE: WWE), Liberty Interactive Corporation (NASDAQ: LVNTA), Liberty Global plc (NASDAQ: LBTYA), and Regal Entertainment Group (NYSE: RGC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Walt Disney Co. Analyst Notes
On March 5, 2014, Walt Disney Co. (Disney) announced that Disney Legal was recognized by the Association of Corporate Counsel, Southern California chapter (ACC-SoCal) with its 2014 Pro Bono Award. The Company stated that the award recognizes Disney's comprehensive legal pro-bono work involving adoptions and other projects that help children and their families, and it includes a $10,000 cash award that the Company designated to Public Counsel. Disney informed that Senior Executive Vice President, General Counsel and Secretary, Alan Braverman, accepted the award on behalf of Disney Legal. Braverman commented, "Pro-bono work is so critical, and that is why we at Disney Legal are committed to using our skills to provide representation to people who couldn't otherwise afford it. We are determined to do our part to ensure people have the opportunity to pursue their rights, and that our system of justice is truly available to all." The full analyst notes on Walt Disney Co. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/DIS/report.pdf
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World Wrestling Entertainment Inc. Analyst Notes
On February 20, 2014, World Wrestling Entertainment Inc. (WWE) released its Q4 2013 and full-year 2013 financial results. Q4 2013 revenues increased by 2.9% YoY to $118.4 million, while annual revenues also increased by 5.0% YoY to $508.0 million. WWE registered a quarterly net loss of $7.9 million or $0.10 per diluted share, compared to net income $0.6 million or 0.01 per diluted share in Q4 2012. The Company reported full-year 2013 net income of $2.8 million or $0.04 per diluted share, compared to $31.4 million or $0.42 per diluted share in full year 2012. George Barrios, Chief Strategy and Financial Officer, said, "As we prepared to transform our business, we invested in content production and talent. Although our earnings declined in 2013, our performance was in-line with our guidance, which targeted a range of OIBDA results, excluding film impairments, of $40 million to $50 million." The full analyst notes on World Wrestling Entertainment Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/WWE/report.pdf
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Liberty Interactive Corporation Analyst Notes
On March 6, 2014, Liberty Interactive Corporation (Liberty) announced that Mike George, President and CEO of QVC, Inc., a subsidiary of the Company, will present at the UBS Global Consumer Conference on March 13, 2014, at 11.20 a.m. ET at The Four Seasons Boston Hotel in Boston, Massachusetts. Liberty informed that George will meet with investors throughout the day, and may make observations regarding the Company's financial performance and outlook during his presentation. The Company stated that the presentation will be broadcast live on the Internet, and an archive of the webcast will also be made available on its website for 30 days. The full analyst notes on Liberty Interactive Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03122014/LVNTA/report.pdf
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Liberty Global plc Analyst Notes
On February 24, 2014, Liberty Global plc (Liberty Global), formerly Liberty Global Inc., and Ziggo N.V. (Ziggo) announced on January 27, 2014 an agreement regarding an intended public offer by a subsidiary of Liberty Global for all Ziggo issued and outstanding ordinary shares not owned by Liberty Global for a combination of Liberty Global ordinary shares and cash. The Company stated that both Liberty Global and Ziggo confirmed that they are making good progress regarding the said offer. Liberty Global added that it expects to submit a request for review and approval of the Offer Memorandum to the Dutch Authority for the Financial Markets (Stichting Autoriteit Financiële Markten or AFM) by April 21, 2014. The full analyst notes on Liberty Global plc are available to download free of charge at:
http://www.AnalystsReview.com/03122014/LBTYA/report.pdf
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Regal Entertainment Group Analyst Notes
On February 25, 2014, Reuters reported that Fitch Ratings (Fitch) assigned a B/RR5 rating to Regal Entertainment Group's (Regal) proposed eight-year senior unsecured notes. According to Reuters, the new notes will rank pari passu with Regal's existing senior unsecured notes. Reuters further reported that proceeds from this issuance are expected to fund Regal's tender offer for the remaining $311.4 million aggregate principal amount of its 9.125% senior notes due 2018. According to Reuters, Regal's ratings reflect Fitch's belief that movie exhibition will continue to be a key promotion window for the movie studios' biggest/most profitable releases. The full analyst notes on Regal Entertainment Group are available to download free of charge at:
http://www.AnalystsReview.com/03122014/RGC/report.pdf
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