New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 14, 2014
11:14 EDTFOXA21st Century Fox unites FBC, and Fox Television in new unit
21st Century Fox announced that Dana Walden and Gary Newman will oversee a new business unit within Fox Networks Group, Fox Television Group, which will combine Fox Broadcasting Company, FBC, and 20th Century Fox Television, TCFTV. The announcement was made by Peter Rice, Chairman of Fox Networks Group, to whom both Mr. Newman and Ms. Walden will now report. Their respective appointments are effective later this month. In their new roles as Chairmen and CEOs of Fox Television Group, Mr. Newman and Ms. Walden will be responsible for all facets of the FOX broadcast network, including programming, digital, marketing and other functions. The new roles also call for the duo to continue oversight of 20th Century Fox Television, which they have led for the past 15 years. 20th Century Fox Television is comprised of the parent studio, cable production arms Fox 21 and Fox Television Studios, the licensing division Fox Consumer Products and the syndication division Twentieth Television. While both companies will be housed within Fox Television Group, FBC and TCFTV will continue to operate as independent entities, but will share financial and creative goals, and be led jointly by Ms. Walden and Mr. Newman.
News For FOXA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
August 31, 2015
08:44 EDTFOXANetflix confirms that it will not renew agreement with Epix
Subscribe for More Information
August 30, 2015
18:51 EDTFOXANetflix to lose access to certain high profile movies, Re/code says
Subscribe for More Information
August 28, 2015
06:28 EDTFOXAProsecutor wants to summon Murdoch, others in Deutsche Bank case, Reuters says
Subscribe for More Information
August 27, 2015
06:40 EDTFOXANielsen to start tracking for online streaming shows, WSJ reports
Subscribe for More Information
August 25, 2015
19:16 EDTFOXATV service Hulu to feature programmatic ads powered by Facebook, Oracle
Subscribe for More Information
10:57 EDTFOXAHilliard Lyons upgrades Disney after recent pullback
Subscribe for More Information
August 24, 2015
09:45 EDTFOXAOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:34 EDTFOXA21st Century Fox downgraded to Hold from Buy at Needham
Subscribe for More Information
August 23, 2015
16:22 EDTFOXA'Straight Outta Compton' finds little contention for No. 1 box office spot
Subscribe for More Information
August 21, 2015
13:11 EDTFOXAFly Watch: 'Straight Outta Compton' eyes second weekend at top spot
Subscribe for More Information
08:53 EDTFOXAAfter rough week, Disney shares expected to recover
With fears of cord cutting and declining advertising rates consuming the minds of investors and analysts this week, Disney (DIS) shares have dropped 7% over the past five trading days. Stepping out of the growing pack of bearish analysts is FBR Capital's Barton Crockett. ROUGH WEEK: On Tuesday, Wells Fargo analyst Marci Ryvicker downgraded her rating on Disney (DIS), CBS (CBS), 21st Century Fox (FOXA) to Market Perform from Outperform. None of the large media companies reported that their revenue from cable stations or broadcast networks increased in the most recent quarter, Ryvicker told investors. TV distributors have more favorable characteristics than the media companies, she argued. Then on Thursday, Bernstein analyst Todd Juenger downgraded Disney (DIS), along with Time Warner (TWX), to Market Perform from Outperform. The move by viewers away from ad-supported platforms to non-ad-supported services like Netflix (NFLX) will bring a "prolonged structural decline" to the U.S. television industry, Juenger contended. PATH TO RECOVERY: Sentiment is driving Disney and the media stocks lower, FBR Capital's Barton Crockett tells investors this morning in a research note titled "Performance Is the Best Defense: How Disney, Near Term, Can Separate from Peers." Cord cutting and advertising fears are taking down the valuation multiples in the media sector, but consensus earnings estimates are little changed, the analyst writes. Cord cutting is the term used to describe the dropping of cable or satellite TV in favor of an online streaming service. Crockett sees a number of "performance positives near term" that can help shares of Disney recover. The owner of ESPN can separate itself from peers with solid second half of 2015 advertising trends when football returns, he believes. Disney can also benefit from the retail push for Star Wars movie merchandise, starting with a midnight door-buster national product launch on September 4, the analyst writes. PETER OUT: Crockett expects cord-cutting fears to "peter out." Cable bundles broadband with TV, and most households have a sports fan, he points out. While Netflix takes audiences from non-sports content, sports will save the bundle subscription model that benefits Disney's ESPN unit, Crockett thinks. He has an Outperform rating on Disney with a $124 price target. The stock closed yesterday down $6.44, or 6%, to $100.01. Over the past three months, Disney is down over 9%.
August 20, 2015
09:17 EDTFOXADisney hit with another downgrade on TV concerns
Subscribe for More Information
06:36 EDTFOXABernstein cuts Disney, Time Warner with TV entering 'structural decline'
Bernstein analyst Todd Juenger downgraded his rating on both Disney (DIS) and Time Warner (TWX) saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. The analyst moved both companies to a Market Perform rating from Outperform, and lowered his price target for Disney to $114 from $125 and for Time Warner to $90 from $101. He called the downgrade of Time Warner a "very close call" as his new price target still represents 15% upside from current levels. Share performance in the entire Media sector will be challenged until the content owners take steps to "reclaim on-demand viewing" from streaming services like Netflix (NFLX) and use it to protect affiliate fees, Juenger argues. His Outperform-rated names are Nielsen (NLSN) and 21st Century Fox (FOXA). Along with Time Warner and Disney, the analyst has Market Perform ratings on AMC Networks (AMCX), CBS (CBS), Scripps Networks (SNI) and Discovery (DISCA). Juenger has an Underperform rating on Viacom (VIAB). Wells Fargo on Tuesday also downgraded Disney to Market Perform. Piper Jaffray this morning told investors that the recent pullback in shares of AMC Networks brings a "great" entry point into the name.
August 18, 2015
10:17 EDTFOXADisney downgraded as Wells moves away from content providers
Subscribe for More Information
10:00 EDTFOXAOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:56 EDTFOXA21st Century Fox downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded 21st Century Fox (FOXA) to Market Perform with a $31-$33 price target range saying value is shifting from content to distribution. Wells also downgraded Disney (DIS) and CBS (CBS) this morning to Market Perform while cutting its Diversified Media sector view to Market Weight. Time Warner (TWX) remains its only Outperform-rated media stock. Shares of Disney closed yesterday up $1.88 to $109.05.
07:13 EDTFOXA21st Century Fox downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded 21st Century Fox (FOXA) to Market Perform with a $31-$33 price target range saying value is shifting from content to distribution. Wells also downgraded Disney (DIS) and CBS (CBS) this morning to Market Perform while cutting its Diversified Media sector view to Market Weight. Time Warner (TWX) remains its only Outperform-rated media stock. Shares of Disney closed yesterday up $1.88 to $109.05.
07:12 EDTFOXADisney downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Disney (DIS) to Market Perform with a $112-$119 price target range saying value is shifting from content to distribution. Wells also downgraded CBS (CBS) and 21st Century Fox (FOXA) this morning to Market Perform while cutting its Diversified Media sector view to Market Weight. Time Warner (TWX) remains its only Outperform-rated media stock. Shares of Disney closed yesterday up $1.88 to $109.05.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use