|Bid||45.21 x 3000|
|Ask||45.83 x 3000|
|Day's range||45.15 - 45.77|
|52-week range||24.30 - 49.65|
|Beta (3Y Monthly)||0.69|
|PE ratio (TTM)||18.94|
|Forward dividend & yield||0.36 (0.79%)|
|1y target est||45.00|
In a world where disruptive technology is all the rage, don’t forget the incredible power of intellectual property.
Disney has offered to pay holders of $18.1 billion of Fox debt a small fee in exchange for their giving up bondholder protections known as covenants, according to research service Covenant Review. The group of noteholders, represented by corporate debt trade group Credit Roundtable, is working with investment bank Houlihan Lokey to help advise it, said David Knutson, a buyside analyst who is a co-leader of the advisory board to the Credit Roundtable. The group’s biggest objection is being unable to trade the bonds until the Disney acquisition closes, he added.
President Trump's former communications chief Hope Hicks is taking on a similar role at the new Fox company, meaning she'll supervise messaging at her former boss' favorite television network. The new company, being created by the shedding of many of 21st Century Fox's entertainment assets to the Walt Disney Co., will include Fox News Channel, the Fox broadcasting network, several local Fox stations and Fox Sports.
Locast, a free TV app may be able to skirt legal action via an FCC loophole, could throw a wrench into the revenue streams of networks.
21st Century Fox Inc. tapped Steve Tomsic and other executives to fill key roles at the “New Fox” spinoff, which will be created once the company completes the $71 billion sale of its entertainment assets to Walt Disney Co. Tomsic, currently deputy chief financial officer, will take the CFO job at the new entity, Fox said on Tuesday. Eric Shanks will be promoted to chief executive officer of Fox Sports from his current role as president, chief operating officer and executive producer.
NEW YORK, Oct. 02, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Twenty-First Century Fox Inc.’s trio of Murdochs saw their compensation spike in the most recent fiscal year thanks to special equity grants tied to the completion of the Walt Disney Co. deal. Chief Executive Officer James Murdoch and his brother Lachlan Murdoch, who’s executive chairman, each received pay valued at about $50 million for the year ended June 30, up from $20 million in the prior year, according to a regulatory filing Friday from the New York-based company.
Disney (DIS) shares popped again Thursday one day after the entertainment powerhouse agreed to let 21st Century Fox (FOXA) sell its 39% stake in European pay-TV giant Sky to Comcast (CMCSA). Disney CEO Bob Iger not too long ago called Sky a "crown jewel" of its Fox deal. But the move helps Disney better compete against Netflix (NFLX), Amazon (AMZN), and Apple (AAPL) in its streaming future.
The House of Mouse won't get Sky as part of its Fox acquisition. But it does get an extra $15 billion out of the deal.
NEW YORK (AP) — 21st Century Fox will sell its remaining stake in British pay TV provider Sky to Comcast in the latest financial wrangling as Disney prepares to acquire Fox's entertainment assets.
Disney hasn't decided whether or not to take Comcast's offer for the 39% stake in Sky currently owned by Fox -- but given how much Comcast has agreed to pay, selling looks like a no-brainer.
U.S. stocks closed mostly lower the day before the Federal Reserve is scheduled to unveil its latest monetary policy decisions and economic forecasts for 2021.
Shares of Disney (DIS) and Netflix (NFLX) surged Monday for completely different reasons. Yet their climbs highlight how important the streaming industry is and helps set up what will likely be years of comparison between the two media powers.
Comcast Corp. outgunned Rupert Murdoch’s 21st Century Fox Inc. in the battle for British pay-TV company Sky Plc, besting its rival at an auction on Saturday with a $39 billion bid.
As the contentious $39 billion takeover saga for Sky Plc draws to a close, boutique banks appear poised to reap some of the richest rewards. PJT Partners Inc., Robey Warshaw LLP, Evercore Inc. and Centerview Partners are the small advisory shops that worked on the battle between Comcast Corp. and Twenty-First Century Fox Inc. for control of Sky. The protracted takeover effort -- kicked off in December 2016 when Fox offered to acquire the share of the British broadcaster that it didn’t already own -- neared culmination this weekend with Comcast outbidding Fox in a rare one-day auction.
Shares in Sky jumped 9 percent to within touching distance of the 17.28 pounds a share Comcast bid to beat Twenty-First Century Fox in the battle for Europe's largest pay-TV company. Thuy Ong reports.
Comcast beats Rupert Murdoch’s Twenty-First Century Fox in the battle for British broadcaster Sky, after offering $40 billion in a dramatic auction. Grace Lee reports.