A U.S. federal appeals court has stayed the Federal Communications Commission's order requiring broadcast and cable companies to disclose programming contracts.The FCC had asked media companies to disclose their contracts with pay-TV providers as it reviewed AT&T Inc's acquisition of DirecTV and Comcast Corp's merger with Time Warner Cable Inc.Media companies including Time Warner, Walt Disney Co and CBS Corp had approached the U.S. Court of Appeals for the District of Columbia Circuit, saying the FCC's order would cause "irreparable harm" to their business.The court said the merger proceedings and the FCC review can continue as the regulator has access to all the materials.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company. Shares of DIS traded higher by 0.07% or $0.06/share to $88.96. In the past year, the shares have traded as low as $68.80 and as high as $92.00. On average, 6713400 shares of DIS exchange hands on a given day and today's volume is recorded at 7383121.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC fell by 0.83% or $-1.19/share to $142.52. In the past year, the shares have traded as low as $125.45 and as high as $155.32. On average, 2788190 shares of TWC exchange hands on a given day and today's volume is recorded at 2277530.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.67% or $-0.54/share to $80.05. In the past year, the shares have traded as low as $58.22 and as high as $88.13. On average, 5277060 shares of TWX exchange hands on a given day and today's volume is recorded at 4034907.
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