|Bid||38.14 x 3200|
|Ask||38.15 x 800|
|Day's Range||37.82 - 38.46|
|52 Week Range||30.43 - 44.00|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||7.54|
|Earnings Date||Jan 22, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||0.76 (1.98%)|
|1y Target Est||43.83|
Comcast Corporation (CMCSA) today announced it has selected two new African American majority owned independent networks to be broadly distributed on Comcast Cable systems beginning in January 2019. After a thorough evaluation of dozens of proposals, Comcast selected AFRO and CLEO TV, both of which will provide quality entertainment that highlights and features TV and movie content about African American and black communities.
The Walt Disney Company (DIS) continues to invest in its theme parks, which have been the driving force behind its top line growth for the past several quarters. In the fourth quarter of fiscal 2018, Disney’s Parks and Resorts segment reported revenue of $5.07 billion.
Comcast today announced a new set of security camera features designed to help consumers better spot package theft “Grinches” this holiday season, including the ability to filter motion-triggered activity by people or vehicles. According to the new survey findings, commissioned by Comcast and conducted by Wakefield Research, nearly one in four people report being a victim of package theft and nearly half know someone who has had a package stolen. “Home security cameras, when integrated with our other Xfinity services, offer great peace of mind so our customers can check-in on their home from anywhere, anytime,” said Eric Schaefer, General Manager and Senior Vice President of Xfinity Services.
In the fourth quarter of fiscal 2018, the Walt Disney Company’s (DIS) studio revenue rose more than 50% YoY (year-over-year) to $2.2 billion. Its operating income rose more than 100% YoY to $596 million.
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.