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Stock Market & Financial Investment News

News Breaks
February 20, 2014
07:32 EDTFOXAAereo dealt setback by court as broadcasters' battle continues, WSJ reports
In Utah, a federal court placed an injunction on Aereo, which is backed by media mogul Barry Diller, an initial legal win for TV broadcasters against the online video service as the Supreme Court prepares to take up the issue in April, reports the Wall Street Journal. The judge in the case said Aereo, which streams TV signals over the Web for a monthly fee without TV stations' permission, is violating the copyrights of broadcasters. Fox Broadcasting (FOXA) called the ruling "a significant win for both broadcasters and content owners." Reference Link
News For FOXA From The Last 14 Days
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November 21, 2014
09:27 EDTFOXA21st Century Fox shares set to rise, says Sterne Agee
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November 20, 2014
07:42 EDTFOXAStudios looking abroad for opportunity in TV licensing, WSJ reports
For U.S. television studios, such as Time Warner’s (TWX) Warner Bros., licensing shows abroad, which was once a small side business, has become a much-needed source of growth and is increasingly needed to make shows profitable, reported The Wall Street Journal. In addition to Time Warner, CBS Corp. (CBS), Sony (SNE) and 21st Century Fox (FOXA) also see huge promise from international TV distribution, the report noted. Reference Link
November 13, 2014
06:17 EDTFOXASony unveils PlayStation Vue, a cloud-based TV service
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November 12, 2014
10:43 EDTFOXABernstein downgrades Discovery, Viacom, citing 'structural decline' in TV
Research firm Bernstein sees strong evidence that audiences of ad-supported TV have entered a period of "structural decline." The firm cut its rating on Discovery (DISCA), the owner of the Discovery Channel and Animal Planet cable stations, and Viacom (VIA,VIAB), which owns MTV and and Nickelodeon. The firm also cut its price target on CBS (CBS). WHAT'S NEW: Noting that audiences for ad-supported TV have fallen by unprecedented amounts for four months, Bernstein analyst Todd Juenger added that consumption of subscription video on demand, or SVOD, services continue to grow. Meanwhile, TV networks are seeing increased competition from Internet websites for ad dollars, limiting the ability of the networks to raise ad prices, Juenger stated. The profit margins and return on investment of content owners are likely to decline over time, the analyst believes. He downgraded Discovery to Market Perform from Outperform and set a $37 price target on the stock, and cut Viacom to Underperform from Market Perform, placing a $71 price target on that stock. Juenger reduced his price target on CBS to $55 from $60 and kept a Market Perform rating on the shares. He kept Outperform ratings on 21st Century Fox (FOXA), Disney (DIS), and Time Warner (TWX), saying that those are least affected by the trend, as they are less dependent than their peers on the American TV ad market and have a large amount of sports programming. PRICE ACTION: In mid-morning trading, Discovery lost 0.6% to $31.81, Viacom class A shares gained 0.6% to $70.09, CBS fell 0.7% to $51.48, Twenty-First Century Fox class A shares lost 0.5% to $34.75, Time Warner fell 0.5% to $77.69 and Disney was flat near $90 per share.

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