|Bid||17.14 x 800|
|Ask||17.15 x 800|
|Day's Range||17.03 - 17.35|
|52 Week Range||16.34 - 28.13|
|Beta (3Y Monthly)||0.48|
|PE Ratio (TTM)||6.81|
|Earnings Date||Aug 21, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.76|
MSG Networks Inc. (MSGN) announced today that its fiscal 2019 fourth quarter earnings conference call has been rescheduled to Wednesday, August 21, 2019 at 10:00 a.m. Eastern Time due to a scheduling issue. The Company will issue a press release reporting its results prior to the market opening. For those who are unable to participate on the conference call, you may access a recording of the call by dialing 855-859-2056 (conference ID number 4559683). The call replay will be available from 1:00 p.m. Eastern Time, Wednesday, August 21, 2019 until 11:59 p.m. Eastern Time on Wednesday, August 28, 2019.
Investors shaken by the stock market's pullback in August should be on the alert for even steeper declines ahead for six stocks with a range of vulnerabilities, including PayPal Holdings Inc. (PYPL), Dropbox Inc. (DBX), Molson Coors Brewing Company (TAP), MSG Network Inc. (MSGN), Domino’s Pizza Inc. (DPZ), and Dish Network Corp. (DISH). For its part, MSG Network's big challenge is loss of subscribers.
MSG Networks Inc. (MSGN) will host a conference call to discuss results for its fourth quarter ended June 30, 2019 on Friday, August 16, 2019 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. For those who are unable to participate on the conference call, you may access a recording of the call by dialing 855-859-2056 (conference ID number 4559683). The call replay will be available from 1:00 p.m. Eastern Time, Friday, August 16, 2019 until 11:59 p.m. Eastern Time on Friday, August 23, 2019.
(Bloomberg) -- James Murdoch is getting into business with Robert De Niro to help the owner of the storied Tribeca Film Festival expand.Murdoch’s Lupa Systems led a consortium to acquire a controlling stake in Tribeca Enterprises, the companies said in a joint statement. Lupa and Attention Capital, co-founded by former Fox executive Joe Marchese, will partner with Tribeca’s management to expand the business they’re buying from investors including Madison Square Garden Co. and festival co-founder Craig Hatkoff.“Our new partnership with James and Joe will bring valuable expertise as Bob and I look to scale and strategically grow Tribeca,” said Jane Rosenthal, chief executive officer and co-founder of Tribeca Enterprises, who will continue to lead management and strategic development.The deal adds to investments by Lupa Systems, the technology and media fund founded by the younger son of billionaire Rupert Murdoch. James Murdoch left his family’s businesses after Walt Disney Co. bought most of 21st Century Fox this year for $71 billion, with his older brother, Lachlan, now running the smaller Fox Corp.The Tribeca Film Festival, which has featured a 360-degree theater, has also promoted new forms of storytelling, such as video games and digital short films.“When Tribeca was founded after 9/11, they brought together a tremendous creative community to embark on mission-driven business with civic impact and support for storytellers at its core,” James Murdoch said. “It is a real privilege to partner with this talented team to enhance and grow that mission.”Attention Capital will be a minority investor. The size of the stake and other financial terms weren’t disclosed. LionTree Advisors is serving as financial adviser to Tribeca.Growing EventDe Niro, along with Rosenthal and Hatkoff, established Tribeca Enterprises in 2003, a year after the film festival first took place in Lower Manhattan as part of a drive to boost the local economy in the wake of the 2001 terrorist attack on the World Trade Center. The event has grown to attract about 5 million attendees and Tribeca Enterprises includes Tribeca Studios, a branded entertainment content business.MSG paid $22.5 million to buy a 50% stake in Tribeca Enterprises in 2014, with an agreement to gain majority ownership over time. The investment valued Tribeca at $45 million at the time.Attention Capital, which invests in media brands, was started by former Palantir Technologies Inc. executive Ashlyn Gentry, Nick Bell, a former Snap Inc. executive and Marchese.Madison Square Garden CEO Jim Dolan said his company seeks to focus its resources on its MSG Sphere entertainment venue in Las Vegas. The company will continue to showcase Tribeca festival content in New York, he said.AT&T Inc. will remain a sponsor of the festival. “We’re looking forward to our continued work with Tribeca,” said Fiona Carter, chief brand officer of AT&T Communications. “They give creators amazing platforms that democratize film and support diversity and inclusion.”(Updates with Murdoch comment in sixth paragraph)To contact the reporter on this story: Anousha Sakoui in los angeles at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, John J. Edwards III, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
James Murdoch is to partner with Robert De Niro after leading the acquisition of a controlling stake in the company behind New York’s Tribeca Film Festival, which was co-founded by the Hollywood star. , the investment vehicle founded by Mr Murdoch this year in the wake of his father Rupert’s $71bn sale of most of 21st Century Fox to Disney, is leading a consortium acquiring a majority stake in Tribeca Enterprises from the Madison Square Garden Company and other investors.
Shares of MSG Networks Inc. sank 3.6% toward a 13-month low in midday trading Friday, after J.P. Morgan analyst Alexia Quadrani downgraded the sports entertainment network operator on the expectation that affiliate revenue growth will decelerate as industry trends worsen. Quadrani cut her rating to underweight, after being at neutral since at least November 2016, and lowered her stock price target to $19 from $23. That makes Quadrani the most bearish of the 10 analysts surveyed by FactSet that cover MSGN. Quadrani said the growth in virtual multichannel television programming distributors (MVPDs) is accelerating the trend in cord cutting, which is an "ongoing challenge" for MSGN. She said its carriage agreement with one of its largest affiliates, Altice, expires at the end of the year, could remain an overhang for the stock on concerns the MVPD will seek lower carriage minimums. "We view the risk/reward for shares through year-end as skewed to the downside given worsening trends for legacy video subscribers, which could lead to lower consensus estimates and further multiple contraction," Quadrani wrote in a note to clients. The stock, on track for the lowest close since June 2018, has tumbled 17.4% year to date while the Dow Jones Industrial Average has gained 17.0%.
Shares of MSG Networks, the TV home of the New York Knicks, fell on reports that the team had missed out on its top off-season targets. Why that’s a growing issue for the cable TV company.
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MSG Networks Inc NYSE:MSGNView full report here! Summary * Bearish sentiment is moderate * Economic output in this company's sector is contracting Bearish sentimentShort interest | NeutralShort interest is moderate for MSGN with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold MSGN had net inflows of $1.11 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Shares of MSG Networks fell more than 2% on Wednesday after the New York Knicks lost out on the coveted No. 1 pick in this year's NBA draft.
On a per-share basis, the New York-based company said it had net income of $1.48. The sports team and entertainment company posted revenue of $517.2 million in the period. The Madison Square Garden Co. ...
Madison Square Garden (NASDAQ: MSG ) announces its next round of earnings this Wednesday, May 8. Here is Benzinga's everything-that-matters guide for the third-quarter earnings announcement. Earnings and ...
Logan Riman, 14, is blind and has autism, and his idol is the piano man himself, Billy Joel. The two played piano together before Joel's concert at Madison Square Garden.
Bobby Flay calls into "Power Lunch" to discuss the popularity behind meat alternatives and his standing in the CNBC stock draft.