S&P Raises Lionsgate’s Debt Rating To B+

By | Friday June 14, 2013 @ 2:03pm PDT

The upgrade from “B” follows “the significant improvement in Lionsgate‘s credit metrics since it closed on the acquisition of Summit Entertainment in 2012,” Standard & Poor’s Ratings Services analyst Naveen Sarma says. After paying down some debt, and … Read More »

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S&P Says It May Raise Lionsgate Credit Rating Following Summit Deal

By | Wednesday January 18, 2012 @ 3:19pm PST

The financial community is thumbs-up on Lionsgate’s $412.5M acquisition of Summit Entertainment. Lionsgate shares appreciated 6.3% since the companies announced the deal on Friday. And today Standard & Poor’s Ratings Services said it’s considering raising Lionsgate’s debt rating from its current … Read More »

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Media Stocks Join Market Exuberance Over Effort To Stabilize Banking System

The benchmark Standard & Poor’s 500 was up 4.3% today after central banks in the U.S., Europe, and Japan said that they’d help supply cash to avoid a credit crunch if the European debt crisis worsens. That … Read More »

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McGraw-Hill To Split Standard & Poor’s and Textbooks Into Separate Companies

By | Monday September 12, 2011 @ 4:08am PDT

This seems to be just what many angry shareholders wanted. Activist hedge fund Jana Partners and the Ontario Teachers’ Pension Plan Board lobbied for just such a change in July when they bought 5.2% of the publishing, investment analysis and TV station company. The concern is that the hefty … Read More »

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“Exceptional” Disney To Issue More Debt

By | Wednesday August 17, 2011 @ 10:50am PDT

Walt Disney Co plans to sell $750 million worth of both five- and 10-year notes and $350 million of 30-year bonds, issuing its first 30-year debt in almost a decade. Disney is selling bonds for the second time this year despite Standard & Poor’s saying the company already has “exceptional … Read More »

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UPDATE: Media Stocks Down, But With Exceptions, As Overseas Debt Fears Grow

UPDATE 4:10 PM: The markets couldn’t sustain an early afternoon rally amid concerns that France might lose its AAA debt rating and that Spain or Italy might default on payments. The Dow Jones Industrial Average fell … Read More »

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Is McGraw-Hill Under Attack? Activist Investors Buy In Seeking A Shake-Up

By | Monday August 1, 2011 @ 2:29pm PDT

Look out McGraw-Hill. Activist hedge fund Jana Partners and the Ontario Teachers’ Pension Plan Board have bought 5.2% of the publishing, investment analysis and TV station company — and say that they may try to break it up. The … Read More »

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