Author: Shirley Pelts

Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.

The Walt Disney Company’s (DIS) ESPN recently announced its partnership with Sirius XM (SIRI) to launch ESPNU Radio. ESPNU Radio, which debuted on August 31, covers college sports and is available 24/7.

Advertising is a key source of revenues for companies like Time Warner (TWX), 21st Century Fox (FOXA), and Comcast’s (CMCSA) NBCUniversal.

Dish Network (DISH) stock has fallen 10.5% in the past one-month period but has risen 17.1% in the past year. DISH's pay-TV business declined in 2Q17, with subscriber losses of 196,000.

Comcast (CMCSA) stock closed at $40.20 on August 25, 2017. It has risen 16.3% year-to-date and 1.7% in the past month.

The highlight of Disney’s fiscal 3Q17 earnings release was the company’s announcement regarding the launch of two streaming services.

AT&T (T) is moving closer to acquiring Time Warner and expects to close the acquisition by the end of this year.

On July 31, 2017, Discovery Communications (DISCA) announced the acquisition of Scripps Networks Interactive (SNI) for $14.6 billion, or $90 per share.

Viacom (VIAB) is undergoing a transition toward a focus on its core flagship brands.

Comcast (CMCSA) announced its fiscal 2Q17 results on July 27. The company’s revenue rose 9.8% YoY (year-over-year) to $21.2 billion.

AT&T has agreed to acquire Time Warner for $85.4 billion. AT&T said the proposed acquisition is a vertical integration that would combine Time Warner’s extensive content library with AT&T’s content distribution business.