For Immediate Release
Chicago, IL – July 5, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Dish Network Corp. (DISH), AMC Networks Inc. (AMCX), Netflix, Inc. (NFLX), Time Warner Cable (TWC) and Comcast Corp. (CMCSA).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Tuesday’s Analyst Blog:
Dish Dumps AMC Networks Channels
Mounting programming costs have forced the second largest satellite TV provider, Dish Network Corp. (DISH), to remove AMC Networks Inc’.s (AMCX) channels from its program list. The company stated that the AMC Networks’ channels will be unavailable following the expiry of its contract on June 30, 2012.
New York-based AMC Networks, primarily known for its popular TV shows like "Breaking Bad," "The Walking Dead" and "Mad Men," will not be available further as Dish has no plans of renewing its contract with the cable channel operator. Dish also plans to replace AMC Networks’ low rated channels like IFC, WE and AMC with HDNet Movies, HDNet and Style.
AMC Networks had asked for a huge hike of 300% on its telecast fees from its current rate of 25 cents per channel, and this was also a reason for the non-renewal of the contract. Moreover, most of the popular shows of AMC Networks can be easily accessed through iTunes, Netflix, Inc. (NFLX), etc., hence reducing the popularity of these shows to Dish’s customers.
In recent times, most cable and satellite TV service providers like Time Warner Cable (TWC) and Comcast Corp. (CMCSA) have been continuously increasing their fees in order to mitigate their rising programming expenses. However, Dish remains the only company to avoid any increase in fees, thereby making its service offerings more competitive than its peers.
Apart from increasing their broadband service prices, the cable companies are also diversifying their business to further mitigate the content expenses. However, Dish lacks the capacity to offset its programming expenses due to the unavailability of other business platform under its portfolio. So it is to be seen how long Dish can survive the mounting pressure of increasing content cost without passing it onto its subscribers.
Currently, Dish Network has a Zacks #3 Rank, implying a short-term Hold rating on the stock. We are also maintaining our long-term Neutral recommendation on the company’s shares.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339
More From Zacks.com