Uh, joining us now um to recap the Emmys, uh, I guess we can do that, uh, Variety executive veter editor Brett Lang. I guess we can keep it to, uh, streamers versus Legacy versus Linear. Uh, because I I did see the first five minutes.I I admit it, Brent. Um, I'm not usually up that late, but they made fun of streaming. I think they said another way to lose money, didn't they.Yeah, they certainly did. Uh, but I mean, if you look at who actually won here, the streamers absolutely dominated. You had Netflix th ...

Core Viewpoint - DallasNews Corporation has announced an increase in the cash purchase price per share to $16.50 from Hearst, representing a 276% premium over the closing price of $4.39 on July 9, 2025, and the board recommends shareholders vote in favor of the merger to secure this value [1][2][3] Group 1: Merger Details - The Hearst Merger will provide certainty of value, accelerated return on investment (ROI), and immediate liquidity for DallasNews shareholders [1] - The increased offer from Hearst demonstrates a commitment to delivering significant value to DallasNews shareholders [2] - The merger is supported by the DallasNews board of directors and the largest shareholder, Robert W. Decherd, who emphasizes Hearst's reputation for journalistic integrity [3][4] Group 2: Shareholder Voting - The board urges shareholders to vote FOR the merger, highlighting the importance of their votes, as two-thirds of both Series A and Series B shares must approve the merger [5] - The voting deadline is September 22, 2025, at 10:59 p.m. CT, and shareholders are encouraged to act quickly [7] Group 3: Company Background - DallasNews Corporation is the holding company for The Dallas Morning News, known for its strong journalistic reputation and community ties, and Medium Giant, a creative marketing agency recognized for its industry achievements [8]

Company Overview - Check-Cap Ltd. has entered into a definitive merger agreement with MBody AI, leading to a significant increase in its stock price [1][2] - The merger is seen as a strategic move to enter a high-growth industry while maintaining focus on its legacy business [2] Stock Performance - Check-Cap shares surged by 183% to $2.10 in pre-market trading following the merger announcement [2] - Other companies also experienced notable stock movements, with Helius Medical Technologies gaining 163.2% and InnSuites Hospitality Trust increasing by 118% in pre-market trading [6]

Company Overview - Hormel Foods Corporation (NYSE:HRL) experienced a significant 13% drop in share price in August following a disappointing third quarter earnings report, where adjusted EPS of $0.35 and midpoint fourth quarter EPS guidance of $0.39 fell short of analyst expectations of $0.41 and $0.49 [2]. Industry Context - The company is facing challenges due to disruptions in the US beef industry, which have diminished its pricing power [2]. - There is speculation about potential mergers within the food sector as a strategy to reduce costs and improve competitiveness, with suggestions that Hormel could be involved in such consolidations [3]. Analyst Commentary - Jim Cramer highlighted the need for significant mergers in the food sector to address cost issues and suggested that the industry may need to consolidate into a "big three" to achieve growth [3]. - While Hormel Foods has potential as an investment, there is a belief that certain AI stocks may offer better returns with lower risk [3].

Core Viewpoint - Jim Cramer has highlighted The Coca-Cola Company (NYSE:KO) and its CEO, James Quincy, for delivering strong quarterly results despite challenges in the American food market, particularly from GLP-1 weight loss drugs [2]. Company Performance - The Coca-Cola Company has consistently posted strong quarterly results under CEO James Quincy, which Cramer has praised as remarkable [3]. - Cramer noted that Coca-Cola's performance stands in contrast to its rival, PepsiCo, which is facing difficulties [2]. Industry Context - Cramer suggested that mergers may be necessary for growth in the American food sector, indicating that companies like Coca-Cola may need to pursue significant deals to reduce costs and enhance competitiveness [2]. - The company is currently facing tariff uncertainties related to its aluminum beverage cans, which could impact its operations [2]. Investment Perspective - While acknowledging Coca-Cola's potential as an investment, there is a belief that certain AI stocks may offer greater returns with limited downside risk [3].

Welcome back to the exchange. Sources telling our David Faber that Paramount Sky Dance could be making a bid for Warner Brothers Discovery as soon as next week. WBD up 50% week to date on that news.Our next guest says the merger makes sense for strategic and economic reasons, but she maintains her hold rating on both stocks. For more, let's bring in Nem's Laura Martin. Laura, it's uh it's great to have you here.I mean the way the market has responded to these reports is not just to to carry Warner Brothers ...

Potential Acquisition - Sky Dance is preparing a majority cash bid for Warner Brothers Discovery, potentially merging two major entertainment companies [1] - The deal could affect companies like HBO, CNN, CBS, and MTV, along with their respective movie studios [2] Deal Size and Financing - The enterprise value of Warner Brothers Discovery is estimated around $60 billion, including approximately $40 billion market cap and $20 billion debt [4][5] - Larry Ellison is expected to provide funding for Sky Dance to acquire the larger Warner Brothers Discovery [5] Strategic Rationale - David Ellison aims to modernize the media business by transforming media assets into technology companies [7] - There's speculation that Ellison might be interested in acquiring or partnering with TikTok to modernize media distribution [8][9] Regulatory and Competitive Landscape - Regulatory hurdles are anticipated due to the potential combination of two of the largest movie studios [16] - The Ellison's relationship with the Trump administration could potentially aid in getting the deal approved [17] Potential Synergies - A merger of CBS News and CNN is a possible outcome, potentially leading to resource sharing similar to NBC and MSNBC [14][15]

Core Points - BCP Investment Corporation (NASDAQ: BCIC) will celebrate its corporate rebranding and the completion of its merger with Logan Ridge Finance Corporation by ringing the Nasdaq Stock Market Opening Bell on September 5, 2025 [1][2] - The merger enhances BCIC's scale and investment capabilities, positioning the company to deliver compelling returns and long-term value for shareholders [2] Company Overview - BCP Investment Corporation is a publicly traded, externally managed closed-end investment company regulated as a business development company under the Investment Company Act of 1940 [3] - The company focuses on middle market investments, managing a portfolio that includes term loans, mezzanine investments, and selected equity securities [3] - Investment activities are managed by Sierra Crest Investment Management LLC, an affiliate of BC Partners Advisors L.P. [3]

Mergers & Acquisitions - The Kraft Heinz merger's unwinding demonstrates the limitations of merely shifting assets within a corporate structure [1] Industry Analysis - Chris Hughes' opinion highlights potential issues with corporate asset management strategies [1]

Core Viewpoint - The proposed merger between DallasNews Corporation and Hearst is recommended by Glass Lewis, highlighting a significant cash premium of 242% for shareholders, which is seen as a compelling value proposition [1][3][4]. Summary by Relevant Sections Merger Details - The Hearst Merger offers DallasNews shareholders $15.00 per share in cash, representing a substantial premium over the closing price of $4.39 per share on July 9, 2025 [1]. - Glass Lewis emphasizes that the deal-implied trailing revenue multiple of 0.54x is significantly higher than DallasNews' standalone average multiples of 0.10x, 0.13x, and 0.26x over the three years leading to the announcement [3]. Financial Analysis - J.P. Morgan Securities LLC provided a fairness opinion indicating an equity reference range of $8.10 to $8.45 per share based on a DCF analysis, suggesting that DallasNews was trading at a substantial discount to its intrinsic value prior to the merger announcement [4]. - The proposed terms of the merger at $15.00 per share exceed this range, reinforcing the notion of a material premium for DallasNews investors [4]. Shareholder Voting - The DallasNews Board strongly recommends that all shareholders vote FOR the Hearst Merger to secure the significant premium and certain liquidity [2][6]. - It is noted that not voting is equivalent to voting against the transaction, and the voting deadline is September 22, 2025, at 10:59 p.m. CT [6]. Market Implications - Glass Lewis cautions that rejecting the merger is unlikely to yield greater value from Hearst or any other party, and shares may revert to pre-announcement levels if the merger is not approved [5].