21st Century Fox recently acquired KBCB-TV (Bellingham, Washington) and not only does that acquisition fit its "NFL-centric" strategy, but it also opens that door for improved trend behavior and long-term earnings growth.

September E-mini S&Ps (ESU14 +0.21%) this morning are up +0.16% as Q2 stock earnings results continue to surprise on the upside, while European stocks are down -0.36%...

Bloomberg’s Guy Johnson reports on the $9B deal by Twenty-First Century Fox to sell European pay-TV assets to BSkyB and how it may play into the pursuit of Time Warner by Fox. He speaks on “Bloomberg Surveillance.”

Matt Shilling has revised his full-year revenue estimates for six big names due in large part to reductions in ad commitments by companies such as General Motors and Procter & Gamble.

Twenty-First Century Fox's Rupert Murdoch is determined to buy Time Warner Inc after the media conglomerate rejected an $80 billion buyout offer from Twenty-First Century Fox Inc, the New York Times reported.