|Bid||37.77 x 4000|
|Ask||37.78 x 1000|
|Day's Range||37.48 - 38.05|
|52 Week Range||30.43 - 44.00|
|PE Ratio (TTM)||7.42|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||0.76 (2.06%)|
|1y Target Est||43.32|
A protracted $34 billion bidding war for European broadcaster Sky between U.S. rivals Comcast and Twenty-First Century Fox is likely to be settled by a quick-fire auction on Saturday. Pascale Davies reports.
The S&P Global Industry Classification Standard will roll some internet and media stocks into a new category called communication services after market close Friday.
Comcast (CMCSA) and 21st Century Fox will now participate in a three-round auction to settle the ownership of 61% stake in Sky.
Streaming service providers are posing a threat to media giants, taking their fight to gain control over streaming to the next level.
In the second quarter, AT&T (T) added 342,000 customers to its DIRECTV NOW video streaming service compared to 152,000 DIRECTV NOW net subscriber additions in the second quarter of 2017. This growth is primarily due to the growing preference for more flexible, modestly priced video streaming services over higher-priced traditional television packages. DIRECTV NOW had ~1.8 million customers on June 30.
Twenty-First Century Fox and Comcast are about to go head to head in London at a takeover auction for British broadcaster Sky.
will face rivals Walt Disney Co. Sky has been at the center of a battle between Disney CEO Bob Iger and his opposite number at Comcast, Brian Roberts, to expand their entertainment groups after Iger outbid American's biggest cable company for the right to buy media assets from Rupert Murdoch's Fox for just over $71 billion. Iger's win, however, came with cost: Comcast's involvement added some $20 billion to Disney's overall price tag and complicated its efforts to control Sky, whose platform is crucial for the House of Mouse's ambitions to roll-out a global digital streaming service to challenge Netflix Inc.