38.57 +0.28 (0.73%)
After hours: 6:41PM EST
|Bid||38.11 x 800|
|Ask||38.52 x 1100|
|Day's Range||37.79 - 38.68|
|52 Week Range||30.43 - 44.00|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||7.53|
|Forward Dividend & Yield||0.76 (1.98%)|
|1y Target Est||N/A|
Fox Sports and NBC Sports stay on sideline for the sale, leaving the media industry to wonder who’s in.
Major League Baseball's local streaming deals with Fox Sports and Comcast-owned NBC Sports ended after the 2018 season and the two network groups already are butting heads with the league over a renewal.
AT&T’s (T) DIRECTV NOW is a video streaming service that delivers content directly to consumers over the Internet as a substitute for traditional satellite or cable connections. In the third quarter, the telecom company added 49,000 customers to its DIRECTV NOW video streaming service, down from 296,000 DIRECTV NOW net customer additions in the third quarter of 2017.
Like other pay-TV service operators, AT&T (T) is facing a decline in its US pay-TV subscriber base due to cord-cutting. In the third quarter, AT&T lost 346,000 traditional US pay-TV customers. This number includes 359,000 satellite TV customer losses and 13,000 U-verse TV customer gains. In addition, Comcast (CMCSA) and Charter Communications (CHTR) had lost 95,000 and 66,000 residential video customers, respectively. This reduction in the traditional pay-TV customer base is mostly driven by rapid growth in the over-the-top (or OTT) video viewing trends.
Cubs executives have been open about their desire to control their local media rights when their current deal ends in 2020.
The company has missed revenue estimates in six of the past seven quarters. Its total revenue rose ~12% YoY (year-over-year) from $12.78 billion in the fourth quarter of fiscal 2017, but it fell ~6% from the previous quarter’s $15.23 billion. In comparison, media peers Comcast (CMCSA) and Netflix (NFLX) beat the consensus estimates for revenue in their recently reported third quarters.
President Donald Trump and officials in his administration say that the decision to revoke White House correspondent Jim Acosta's press credential was "lawful," arguing the White House holds "broad discretion to regulate" access for journalists. The White House's court filing comes a day after news network CNN sued Trump, press secretary Sarah Huckabee Sanders, chief of staff John Kelly and other officials to reinstate Acosta's "hard pass," which gave him regular access to the White House grounds.
The Walt Disney Company (DIS) impressed investors by beating analysts’ expectations on both earnings and revenue in both the fourth quarter of fiscal 2018 and fiscal 2018. It reported its results, which reflected the period that ended on September 30, on November 7.
Disney (NYSE:DIS) may have finally positioned itself to enjoy better times. Despite turmoil at ABC and struggles with Lucasfilm, Disney stock has steadily moved higher since late May. The latest quarterly report further bolstered the stock as the company began to move close to all-time highs. Unfortunately for long-time Disney investors, the cable cutting trend began to take its toll on DIS in the middle of the decade.
Ret. Brig. Gen. Carol Eggert's not satisfied just helping Comcast reach its veteran hiring goals.
CNBC's David Faber sat down with Liberty Media chairman John Malone to speak about big media mergers and whether Comcast got a good deal on Fox assets like Sky.