|Bid||0.00 x 900|
|Ask||0.00 x 1800|
|Day's Range||111.70 - 113.14|
|52 Week Range||96.80 - 117.90|
|PE Ratio (TTM)||14.24|
|Earnings Date||Nov 7, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||1.68 (1.51%)|
|1y Target Est||119.03|
Live from the floor of the New York Stock Exchange, Matthew Cheslock joins Yahoo Finance's Dion Rabouin to break down the latest market moves.
LONDON (Reuters) - Comcast (CMCSA.O), the victor in the auction for Sky (SKYB.L) on Saturday, said on Tuesday it had bought 29.1 percent of the European pay-TV group's shares in the market. Comcast bid ...
Robert Greenblatt, the longtime chairman of Comcast Corp.’s NBC Entertainment unit, is resigning. Mr. Greenblatt led a revival of NBC’s prime-time lineup with shows such as the drama “This Is Us” and the comedy “The Good Place.” Mr. Greenblatt told NBCUniversal Chief Executive Steve Burke that after eight seasons in the job, he was ready for a new challenge. “I really do believe it’s time for me to move on,” Mr. Greenblatt said in an interview.
Shares of Comcast Corp. fell Monday after the cable company won a bid over the weekend to gain control of European pay-TV giant Sky PLC. Comcast’s offer of £17.28 ($22.59) a share surpassed 21st Century Fox Inc.’s highest bid of £15.67 a share after three rounds of bidding Saturday, in a rare auction held by British regulators. Comcast’s winning bid, valued at $38.8 billion, was up 40.1% above its initial bid of £12.50 a share in February and Fox’s initial £10.75-a-share bid in December 2016.
ANAHEIM, Calif.—Six decades after Walt Disney built his first theme park here on a plot of orange groves, Disneyland and the city it calls home are at each other’s throats. Tapping public animus toward corporate subsidies, Anaheim politicians are questioning the wisdom of granting Walt Disney Co. hundreds of millions of dollars in tax breaks to support expansion. “It’s as if somehow we should feel fortunate that Walt Disney chose Anaheim,” said city council member Jose Moreno, who was elected in 2016 as part of what locals call the first “anti-Disney” majority.
Moody's came out with a note Monday morning stating that Disney's "loss" in the bidding for British broadcaster Sky was credit positive. "A win of Sky would have been all debt-financed and therefore would have added even more leverage after the Fox acquisition is considered," wrote Neil Begley, Moody's Senior Vice President and lead media analyst.
Is Disney's ESPN+ Setting Stage for Direct-to-Consumer Success? The growing demand for video streaming services in the US has led to a decline in video subscribers for most cable and satellite operators. To counter these threats, the leading media giant has launched its new DTC (direct-to-consumer) service.
Comcast Corp. may have won the bidding war for British television company Sky, but it lost two bullish Wall Street analysts in the process.
Comcast (NASDAQ:CMCSA) outbit Disney/Fox (NYSE:DIS) for the rest of Sky plc, Randgold (NYSE:GOLD) and is being bought by Barrick Gold (NYSE:ABX), Sirius XM Holdings (NASDAQ:SIRI) acquired Pandora (NYSE:P) for $3.5 billion and that’s not all of the weekend deals, surprisingly. Let’s look at our top stock trades to get a better idea, although we won’t look at all of these deals.
U.S. stocks ended lower Monday, and the Dow Jones Industrial Average halted a four-session winning run, as tensions over the U.S. and China's trade fight sapped appetite for assets considered risky. The Dow fell about 180 points (on a preliminary basis) to 26,562, booking its first close without also logging an all-time high since Thursday. Shares of Apple Inc. and Walt Disney Co. helped to lift the blue-chip gauge but those gains were more than offset by declines in Home Depot Inc. and Boeing Co. , which delivered the biggest drag on the gauge. The S&P 500 index , meanwhile, gave up 0.4% at 2,919, while the Nasdaq Composite Index eked out a slight gain, up less than 0.1% at 7,993, supported by the advance in Apple and shares of Microsoft Corp. . On Monday, Chinese officials called off planned negotiations on trade with the U.S. and fired back against the administration of President Donald Trump, accusing it of "trade bullyism." A set of reciprocal tariffs on U.S. and Chinese imports were set to be imposed on Monday, underlining escalating tensions between the global economic superpowers. The energy sector was a bright spot on the day as crude-oil prices surged after major energy producers over the weekend declined to commit to increasing crude output to address expected supply disruptions at a closely watched producer meeting. Global benchmark oil, Brent oil , finished at a nearly four-year high on Monday, while the U.S. counterpart, West Texas Intermediate crude , closed at the highest level in about two months, bolstering the energy sector . In corporate news, a number of deals were in focus, including a deal by Sirius XM Holdings Inc. to purchase streaming-music company Pandora Media Inc. in a acquisition valued at $3.5 billion. Separately, Randgold Resources Ltd. and Barrick Gold Corp. said they planned on merging in an all-share deal that will create an $18.3 billion gold-mining giant.
A new round of trade war news pressured Monday's open, while mergers news, rising oil prices and clinical trial results drove some early leaders.
That funding would go toward both international and domestic marketing efforts to help grow visitation even more.