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Stock Market & Financial Investment News

News Breaks
March 6, 2013
11:10 EDTNLSNFederal Court of Appeals affirms dismissal of lawsuit against Nielsen
The United States Court of Appeals for the Eleventh Circuit affirmed the dismissal of Sunbeam Television Corporationís antitrust lawsuit against Nielsen on March 4. The District Court had found that Sunbeam failed to show that Nielsen blocked any competitor from establishing a syndicated television audience measurement service in the Miami market and lacked antitrust standing to assert its Sherman Act and Florida Antitrust Act claims against Nielsen. The court also found that Nielsen was justified in rolling out its Local People Meter service in Miami, replacing the previous Meter-Diary system. The 11th Circuit agreed.
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June 24, 2015
08:25 EDTNLSNNetflix on pace to have larger audience than all networks, FBR says
FBR Capital analyst Barton Crockett says that while Netflix (NFLX) is not rated by Nielsen (NLSN), the 10B hours streamed in Q1 reported by the company are equivalent to having a 24-hour rating of 2.6, on par with Disney's (DIS) ABC and Comcast's (CMCSA) NBC. And while ratings at broadcasters are falling on average, Netflix is growing its ratings at a 40%-plus compound annual rate, Crockett tells investors this morning in a research note. At this pace, Netflix in a year will have a larger 24-hour audience than all broadcast networks, he contends. Regarding last night's 7-for-1 stock split announcement, Crockett says the move reflects management's confidence in the "durability of the recent stock surge." For perspective, three years ago Netflix shares were around $60. This morning they are trading up $18.69 to $699.88 in the pre-market. Crockett has an Outperform rating on the streaming service with a $900 price target.

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