Walt Disney FINALIZES A&E Deal and 4 Media Titans Making Waves

AOL, Inc. (NYSE:AOL) reported a 2 percent revenue drop, which is the most minimal decrease in seven years, during its Q2 financial report. The shares traded down $0.02 (0.06%) recently at $31.50.

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Time Warner Cable Inc. (NYSE:TWC) sees optimism from Wall Street. The company is slated to report its Q2 results on Thursday, August 2, 2012. The shares traded up $0.57 (0.67%) recently at $85.04.

Walt Disney Co. (NYSE:DIS): Federal antitrust authorities have officially cleared Comcast’s sale of its A&E network shares to the Walt Disney Company and the Hearst Corporation, according to the Federal Trade Commission. The $3.03 billion deal is to be in both cash and a note issued by A&E. Disney and Hearst are each in control of half of the company, which Comcast received as part of its purchase of a controlling interest in NBC Universal during 2011. Comcast possessed a 15.8 percent share in the cable channel. The shares traded up $0.0 (0.01%) recently at $49.94.

Comcast Corporation (NASDAQ:CMCSA) is  to release its Q2 2012 results on Wednesday, August 1, 2012, prior to the opening bell. The shares traded down $0.10 (0.29%) recently at $32.19.

News Corp.’s (NASDAQ:NWSA) FX Network will probably purchase 90 more episodes of “Anger Management,” a comedy that stars Charlie Sheen, FX president John Landgraf claimed, reports the Wall Street Journal. The shares traded down $0.12 (0.51%) recently at $23.26.

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