S&P 500’s Top Losses: Why Biogen Declined
Biogen, which is an American multinational biotechnology company, was the S&P 500’s top loss on June 18.
How Did the US Election Results Affect Media Stocks?
In this series, we’ll look at what Trump’s win means for the media sector. We’ll also look at how the possibility of a change in net neutrality regulations could affect media companies.
Does Comcast Expect Capex to Rise for Comcast Cable?
Comcast (CMCSA) expects capex as a percentage of revenues to continue to be flat at 15% for Comcast Cable in 2016.
Why Is ESPN Not Winning Lately?
ESPN had 381 million subscribers at the end of fiscal 2013 and 364 million at the end of fiscal 2014, a loss of 4.4% in one year.
Why Is Twitter Investing in Original Shows and Programming?
Last month, Twitter (TWTR) announced it would partner with 30 companies to bring original shows to its platform.
Why Did 21st Century Fox Stock Jump More than 4% on Monday?
Media giant Comcast (CMCSA) is reportedly getting ready to make an all-cash offer to acquire most of the assets of 21st Century Fox (FOXA).
Did the Rio Olympics Broadcast Work Out Well for Comcast?
Despite lower viewership, Comcast has already reached the milestone of $1.2 billion in advertising sales for the Rio Olympics.
What Is Comcast’s Opinion about 5G?
In the telecom world, 5G (fifth-generation) is generating a lot of hype, as it could provide 10x–100x faster wireless speeds than 4G.
Why Does Comcast Expect Programming Costs to Rise in Fiscal 2016?
On March 8, 2016, the Wall Street Journal reported that Comcast and the YES Network were locked in a dispute regarding the carriage fee for the YES Network.
Why high-grade debt issuance increased more than three-fold
In the week ending August 8, weekly investment-grade bond (LQD) issuance surged by 222%, week-over-week to come in at $24.975 billion over 19 deals. Issuance was driven by refinancing older and costlier debt, acquisition related financing, share-repurchases, and other general corporate purposes.
Why Is Disney Investing in Theme Parks?
In the fiscal third quarter, Disney’s Parks and Resorts segment reported revenues of $5.2 billion.
Liberty Interactive Acquires Zulily: What It Means for Investors
On August 17, Liberty Interactive announced its acquisition of Zulily for $2.4 billion. It will purchase all of Zulily’s outstanding shares for $18.75 per share.
FOXA’s Views on Streaming Platforms: Advertising Opportunity?
Due to the coverage of the US presidential elections this year, 21st Century Fox (FOXA) expects substantial advertising revenue from Fox News.
The New Fox Continues to Take Shape
Fox posted a net profit of $920.0 million on revenues of $7.9 billion in its fiscal fourth quarter, which ended in June.
Why CBS Is Focusing on Original Progamming
Media companies have started focusing on producing original programming. CBS (CBS) is also increasingly concentrating on original programming.
How Is Frontier Communications Stock Placed for 2019?
On January 3, Frontier Communications (FTR) had “buy” ratings from one out of 13 analysts and “hold” ratings from six analysts.
Why Frontier Faces the Most Competition from Charter
As Frontier offered faster speeds and new offers, the company’s broadband net additions improved sequentially in the California, Texas, and Florida (or CTF) markets during 2Q17.
Why Charter Stock Rose 3.6% on July 31
Charter posted second-quarter results on July 31 before the market opened. The company delivered better-than-expected earnings and revenues.
Can Disney Still Get What It Wanted from Fox?
Regulators have reshaped the Disney-Fox deal to the point that investors may be asking whether Walt Disney (DIS) is still getting what it wanted when it bought most of 21st Century Fox’s (FOX) assets for $71.3 billion last year.
Dish Network Can’t Complain about Sling TV
Dish Network’s (DISH) streaming television service, Sling TV, turned three on January 5.
What Could a Net Neutrality Rollback Mean for Netflix?
The net neutrality principle is a subject of ongoing debate. Net neutrality rules say that all Internet traffic should be treated equally.
Can Netflix’s Stranger Things Drive Subscribers in 4Q17?
According to Nielsen, Stranger Things averaged 8.8 million viewers per episode. The first episode was watched by 15.8 million viewers between the ages of 18 and 49.
Buckingham Research Downgrades Netflix due to Competition Fears
On March 8, Netflix (NFLX) stock fell 0.9% to $349.60 after Buckingham Research downgraded its rating from “buy” to “neutral.”
Why Twitter Closed Its TV Apps
Twitter (TWTR) announced it will be closing its TV apps on streaming devices Roku (ROKU), Xbox, and Android TV as of May 24.
What Is Dish Network’s Wireless Spectrum Strategy ?
Dish Network (DISH) has filed an application with the FCC to participate as a potential spectrum bidder.
Can Comcast Beat Earnings Estimates in 4Q17?
Leading cable and media conglomerate Comcast (CMCSA) is set to release its 4Q17 earnings results before the market opens on January 24, 2018.
Dish Network: Recent Returns and Stock Trends
On October 28, 2016, Dish Network’s (DISH) stock was trading at $57.38. The stock was trading 0.7% above its 20-day moving average of $57.
What’s Really Driving Growth for 21st Century Fox’s Television Segment?
FOXA believes that its “ability to create, own and monetize hit content” for its television segment will drive long-term value for its shareholders.
Can CBS and Viacom Make a Deal This Time?
CBS made a profit of $561 million on revenue of $4.0 billion in the fourth quarter.
A Look at Frontier’s Capex Plans in 2017
Frontier’s capital expenditure Telecommunication services is a highly competitive industry, with multiple operators offering similar voice, data and video offerings. Given the limited opportunities to expand organic margins, emphasis on strategic services, product innovation, and expansion may require increased capital expenditure. Let’s take a closer look at Frontier Communications (FTR), which continues to increase capex to […]
How Charter Communications’ Valuation Stacks Up against Peers
As of May 24, Charter Communications (CHTR) had a market capitalization of $84.4 billion.
Viacom’s Affiliate Revenue May Gain from Multiyear Renewal Deals
Viacom’s (VIAB) affiliate revenue business, part of its media networks segment, fell 1% YoY (year-over-year) to $1.2 billion in fiscal 4Q17.
What Is Comcast’s Outlook on Its Theme Parks Segment?
In September 2016, Comcast’s (CMCSA) NBCUniversal announced an agreement with Time Warner’s (TWX) Warner Bros. This agreement covers television distribution rights in the US for all movies in J.K. Rowling’s Wizarding World franchise.
Why Media Networks Enter Amazon’s Streaming Partners Program
Netflix is the most popular service, with 49% of OTT subscribers. Amazon ranks second to Netflix when it comes to subscribers for its streaming video (or OTT) service.
Analyzing Charter Communications’ Valuation and Target Prices
Of the 30 analysts covering Charter Communications’ (CHTR) stock, 67% recommend “buy,” 30% recommend “hold,” and the remaining 3% recommend “sell.”
Comcast or Fox: Who Will Win the War over Sky?
Comcast (CMCSA) and Twenty-First Century Fox (FOX) (FOXA) have put in competing proposals to take over Sky, a European pay-TV group.
Why Analysts Are Upbeat about Disney
Analysts remain optimistic about Disney Of the 32 analysts covering Disney (DIS), 18 analysts have rated the stock a “buy,” 12 analysts have rated it a “hold,” and only two analysts have rated the stock a “sell.” Analysts have set a stock price target of $117.44 for Disney, with a median target price of $124. […]
Comcast Stock Slid 6% on September 24
Comcast (CMCSA) stock fell 6.0% on September 24 and closed trading at $35.63.
Analyzing the Impact of the Latest Regulatory Liberties on AT&T
In this article, we’ll discuss the overall regulatory environment in relation to net neutrality, business data services (or BDS), and privacy.
How Frontier’s Customer Revenues Trended in Q4
Frontier (FTR) reported customer revenues of $2.03 billion in the fourth quarter, almost flat from the year-ago quarter.
Why Disney’s Bid for Fox Could Have Edge over Comcast’s Bid
Walt Disney (DIS) recently won the endorsement of two influential proxy advisers for its $71.3 billion deal for the media and entertainment assets of Twenty-First Century Fox (FOXA).
Dish Network and Its Valuation Metrics
Dish Network (DISH) has a forward EV-to-EBITDA multiple of 13.5x and a PE multiple of 23.8x.
What Does AT&T Expect for Video Customer Growth in 2016?
During the Deutsche Bank Media, Internet, & Telecom Conference, John J. Stephens talked about AT&T’s domestic video component after the DIRECTV merger.
Which Movies Are Boosting Disney’s Studio Revenues?
In fiscal 2Q18, the success of Marvel’s Black Panther drove Disney’s Studio Entertainment segment’s revenues by a whopping 21.0% YoY.
Why Is Time Warner Still Optimistic about Affiliate Fees Growth?
Media companies like Time Warner (TWX) derive their revenues primarily from affiliate fees and advertising.
Charter Communications’ Stock Performance So Far in 2019
Charter Communications’ (CHTR) closing price on March 19 was $360.45 per share.
A Look at Analysts’ Ratings for Dish Network
On August 26, 2016, Dish Network’s (DISH) stock was trading at $48.84. The stock was trading 4.2% below its 20-day moving average of $51.
The Analysts’ Take: Comcast Trades at a Discount, but Should You Get In?
On September 6, 2016, Comcast’s stock was trading 0.9% below its 20-day moving average of $67 and 0.5% above its 50-day moving average of $66.
Verizon’s Global Enterprise revenues should follow declining trend
In the first three quarters of 2014, Verizon’s Global Enterprise revenues declined by ~4.2%. They’re expected to decline by ~4% year-over-year in 2014.
How Analysts Have Rated DISH Network
On March 13, 2017, Dish Network (DISH) stock was trading at $62.05, 0.08% above its 20-day moving average of $62, 1.7% above its 50-day moving average of $61.
Is Verizon Interested in Comcast?
On April 19, Bloomberg reported, citing Verizon Communications’ (VZ) CEO, Lowell McAdam, that Verizon is open to merger discussions with either Comcast (CMCSA), The Walt Disney Company (DIS), or CBS (CBS).
How Wall Street Analysts Are Rating Time Warner
On June 27, 2017, Time Warner (TWX) stock closed at $99.31. It’s trading at 1.3% above its 100-day moving average of $98.
21st Century Fox Is Still Focusing on Film Diversity
21st Century Fox’s Filmed Entertainment segment performed well in the last two quarters. The segment’s revenue grew by 5% year-over-year to $2.4 billion in 3Q15.
JAT Capital Initiates a New Position in Time Warner Cable in 1Q15
The rationale for investing in Time Warner Cable could involve its growing subscriber base, which was lagging until last quarter, and the speculation over a deal with Charter Communications.
Netflix Stock Drops despite Positive Q1 Results
The world’s largest video streaming service provider, Netflix (NFLX), announced impressive first-quarter results after the closing bell on April 16.
Farallon Capital exits its position in Time Warner Cable
In February, Comcast agreed to buy Time Warner Cable for ~$45.2 billion. This deal will create the largest cable provider in the U.S.
What We Learned from Sprint’s Brief Unlimited Plan Offer
For a period of one week in June, Sprint (S) offered an aggressively priced unlimited wireless plan.
How AT&T Intends to Fund the Mexico Spectrum Purchase
AT&T placed a $76.0 million bid in the Mexico spectrum auction. The spectrum AT&T is buying in Mexico is suited for 5G mobile networks.
Comcast Moves To Boost Growth In Business Unit
In 3Q17, Comcast’s Business Services segment generated revenues of $1.6 billion, which rose 12.6% year-over-year.
How Serious Is Apple about Original Content?
Earlier this year, Apple said it will be spending a whopping $1 billion on original content over the next couple of years.
Comcast Continues Its Focus on Business Services in 2016
Comcast is increasingly focusing on its Business Services segment, which has three growth engines: small business, mid-sized business, and enterprise.
How Discovery’s Technical Indicators, Valuation Metrics Compare to Its Peers
Discovery Communications (DISCA) stock closed at $23.73 on August 4. The stock’s price has fallen 9.8% in the past one-year period.
Is the Time Warner Cable–Charter Deal a Go?
Charter is a $20 billion market cap company. Time Warner Cable is a $51 billion company. Mergers in which a small company buys a larger company are invariably dicier.
Comcast and Its Peers Target the Programmatic Ad Market: Why?
Like other companies, Comcast is aiming to grab a share of the programmatic advertising market. The programmatic advertising market in the United States is quickly approaching $9 billion.
What’s Affecting Comcast’s Stock Price?
On March 28, 2017, Comcast’s (CMCSA) stock closed at $37.09. The company’s stock has risen 7.4% YTD (year-to-date).
AT&T GigaPower to Reach over 14 Million Customers
AT&T GigaPower is a fiber-based, high-speed Internet service for consumers and businesses. With the DIRECTV transaction, the service will be expanded to reach 2 million additional customers.
How Analysts Are Rating Dish Network after 4Q16 Earnings
Of the 26 analysts covering Dish Network (DISH), 13 have given it a “buy” recommendation, and eight have given it a “hold.”
Why Are Analysts Still Positive on Netflix despite Competition?
Out of the 43 analysts covering Netflix (NFLX), 26 analysts have given it a “buy.”
Fox Fighting for Its Money and Image in Fraud Case
An arbitrator ordered 21st Century Fox (FOX) to pay $179 million in damages to actors and producers of the drama series Bones.
Why the Growth in Comcast’s High-Speed Internet Business?
Comcast’s (CMCSA) high-speed Internet business had revenues of $3.2 billion in 4Q15, a growth of 9.8% over 4Q14. High-speed Internet was a major contributor to revenue growth.
Here’s How Comcast Plans to Fight Cord-Cutting
Amazon’s (AMZN) Amazon Web Service (or AWS) announced on Tuesday, January 16, 2018, that media giant Comcast (CMCSA) has made AWS its preferred public cloud provider.
Why Does Comcast Expect a Rise in Its Capex?
Comcast (CMCSA) continues to expect Comcast Cable’s capex (capital expenditure) as a percentage of revenue to be flat at 15% in 2016.
Discovery Seeks Life after Cord-Cutting
Discovery Communications (DISCA) has recently struck carriage deals to put more of its channels in front of ~22.3 million online video consumers.
Why Discovery Isn’t Scared of Netflix
Discovery recorded a 51% YoY increase in revenue to $2.8 billion in the fourth quarter.
Verizon’s Focus on Broadband through Wireline
Verizon is managing the secular challenges of the pay-TV space by focusing on its broadband offering in FiOS.
An assessment: Viacom versus its media peers
Viacom, despite being undervalued by analysts, is expected to see growth from its media networks segment especially with its digital partnership deals.
Some Financial Dynamics of Altice’s Cablevision Transaction
After the approval of the Cablevision transaction by the New York Public Service Commission, Moody’s Investors Service cut Cablevision’s Corporate Family Rating from Ba2 to B1.
CBS and Viacom Are Free to Explore Their Own Paths after Showdown
In September 2016, National Amusements asked CBS and Viacom to explore a merger. Merger talks would be called off just a few months later.
How CenturyLink Is Allocating Its Capex
CenturyLink continues to invest in its network to boost fiber-optic connectivity as well as to provide enhanced speeds.
How Taxes Have Affected Garmin
In 3Q17, Garmin’s (GRMN) effective tax rate was 20.8% compared to 16.5% in the same period last year.
The Impact of the AT&T–Time Warner Merger
Analyst Craig Moffett believes that AT&T has an 80% chance of prevailing in court in its proposed merger with Time Warner.
Investing in CBD? Real Brands Is Making Big Moves
The CBD market is growing, and acquisitions are heating up. Real Brands is a top, under-the-radar investment candidate that should be on your radar.
Verizon’s Speed Match could compete with cable
In July 2014, Verizon introduced an innovative service called Speed Match, which allows customers to receive upload speeds that match their download speeds.
Why Fox Might Favor Disney’s Bid despite Comcast’s Higher Offer
As per a report from Reuters, Comcast (CMCSA) is eyeing some of the media and entertainment assets of 21st Century Fox (FOXA), threatening Disney’s (DIS) bid for those assets.
Verizon’s Big Uptake of Amazon Cloud Signals Cost Focus
Verizon (VZ) is significantly increasing its use of Amazon’s (AMZN) cloud, with plans to migrate more applications to Amazon Web Services.
Inside Disney’s Recent Theme Park Business Performance
Walt Disney’s (DIS) Theme Parks business posted strong performance results in the three months ending December 2017 (the company’s fiscal 1Q18).
Why ESPN drives Walt Disney’s Media Networks revenue
Disney’s media division has remained its largest source of revenue. For fiscal 2013, revenues from Media Networks increased 5%, to $20.4 billion.
The Days That Told Us the Most about the Disney-Comcast Rivalry
The Walt Disney Company and Comcast spent the better part of the first half of 2018 fighting over 21st Century Fox.
What Is Disney Doing to Get Regulatory Approval for Fox Deal?
On October 15, Walt Disney (DIS) announced that it had offered concessions to the European Commission on October 12 to help resolve the European Union’s (EZU) antitrust concerns.
Netflix Stock Rises 3.7% in June on News of Possible Stock Split
Netflix (NFLX) stock rose 3.7% on June 10 on news that the company is pursuing a stock split. It would increase the number of shares 30 times, from 170 million to 5 billion.
What Investors Should Know about the Sprint-Cox Deal
For about six years, Sprint (S) waged courtroom battles with Cox Communications, but the companies recently settled their differences and subsequently entered a multiyear business deal.
Must-know: Will Charter (CHTR) bid for Time Warner Cable (TWC)?
While Charter has openly and aggressively pursued Time Warner, any deal would likely be difficult to execute and fraught with risks.
Can AT&T’s GigaPower service drive the company’s U-Verse business?
Recently, AT&T announced that its GigaPower service has exceeded expectations in Austin and will soon start deploying in Dallas and North Carolina.
Here’s How Comcast’s Theme Park Business Performed in 4Q17
Comcast’s (CMCSA) Theme Parks business was a star performer in 4Q17, with revenue growth accelerating over the previous quarter.
FiOS Quantum service: A positive for Verizon’s wireline business
FiOS Quantum provides high Internet speeds ranging from 50 to 500 Mbps. To date, 57% of FiOS customers have adopted the Quantum
Everything you need to know about AT&T’s wireline business
U-Verse and strategic business services have been the main growth areas for AT&T’s wireline business, offset by the declines in legacy voice and data products. AT&T’s U-Verse broadband and TV business both are showing strong growth.
Why bundled offers are helping AT&T gain U-Verse TV subscribers
AT&T has also been able to grow its U-Verse TV subscriber base. AT&T’s subscriber base has increased from 5.0 million in 2Q13 to 5.9 million in 2Q14.
AT&T Modified Loan for Time Warner Acquisition
The US Justice Department filed a lawsuit to block AT&T from acquiring Time Warner in November 2017.
What’s Driving Verizon’s Fios Customer Growth
The telecom company is managing the challenges of the pay-TV market by concentrating on its Fios Internet offering.
What to Make of the Disney–Altice Agreement
After a period of contentious and closely watched negotiations, Walt Disney (DIS) and Altice USA (ATUS) finally reached a multiyear programming agreement.