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$TWX 2Q15 Call: In 2Q15, TNT and TBS ranked Number 1 and Number 2, respectively, among ad-supported cable network in primetime for adults 18-49. Cartoon Network grew total day ratings among kids 6-11 by double digits and it was the only major kids’ network to grow in 2Q15. At CNN, primetime viewership in its key 25-54 demographics grew 25% in 2Q15.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.