|Bid||36.60 x 900|
|Ask||36.76 x 200|
|Day's range||35.97 - 36.69|
|52-week range||24.81 - 37.13|
|PE ratio (TTM)||22.79|
|Earnings date||7 Feb 2018|
|Forward dividend & yield||0.36 (0.97%)|
|1y target est||38.73|
Rupert Murdoch, the billionaire whose family controls Twenty-First Century Fox (FOX)(FOXA) and News Corp. (NWSA), is believed to have persuaded Bob Iger to stay on as Walt Disney’s (DIS) chief executive. In December, the Murdoch family agreed to sell most of Fox’s operations, valued at $52.4 billion, to Disney. The deal also involves Disney absorbing Fox’s debt to the tune of $13.7 billion, the Wall Street Journal reported.
Bob Iger, the chief executive of Disney (DIS), has had several retirement dates scheduled—but none have come to pass so far. In March 2017, Disney, which is preparing to acquire significant parts of Twenty-First Century Fox (FOX)(FOXA), extended Iger’s retirement date by a year—the third time Iger’s reign at Disney was extended. The March extension meant that Iger would retire in July 2019, the year Disney is expected to stop serving its content on Netflix’s (NFLX) platform and instead launch its own online streaming video service to compete with Netflix and Amazon (AMZN).
After Walt Disney’s (DIS) chief executive, Bob Iger, suggested during an interview with Bloomberg that the company may include Twenty-First Century Fox (FOX)(FOXA) contracts in its programming withdrawal from Netflix (NFLX), Netflix responded by suggesting that it was prepared for what may follow. A story carried by USA Today quoted a Netflix spokesperson as saying, “TV series always come and go on Netflix.
Twenty-First Century Fox (FOXA) (or Fox) continues to dominate the huge Indian market with a strong STAR channel portfolio. Fox’s strong Indian presence continues to play an important role in driving Fox’s Cable Network Programming segment. During that period, the segment grew at a CAGR (compound annual growth rate) of 10.3%.
As Walt Disney’s (DIS) stake in Hulu is set to double if Disney’s deal with Twenty-First Century Fox (FOX)(FOXA) goes through, it’s important to examine Hulu closely to see what kind of business Disney is seeking to double its exposure to. Disney’s $52.4 billion acquisition of most of Fox’s assets is expected to take its stake in Hulu from 30% to 60%. What’s interesting in all this is that Disney is looking to double its stake in Hulu while it’s planning to roll out its own Hulu challengers as soon as next year.
Rupert Murdoch’s News Corp. agreed to a last-minute settlement before the start of another phone-hacking trial in London that would have raked up incidents from more than a decade ago.
NEW YORK (AP) — Media mogul Rupert Murdoch hurt his back in a recent sailing accident, according to a note provided to The Associated Press.
Rupert Murdoch suffered a painful back injury while sailing and plans to recuperate at home for a few weeks, according to an email to colleagues that was seen by Bloomberg News.
Twenty-First Century Fox’s (FOXA) (or Fox’s) dream to gain full control of Europe’s largest pay-TV broadcaster Sky by the end of June 2018 came under scrutiny when Karen Bradley, culture secretary of the Competition and Markets Authority, asked for a detailed review. She also raised doubts about the company’s commitment to broadcasting standards and asked reviewers to examine it carefully. During that period, it grew at a CAGR (compound annual growth rate) of 1.9%. In 1Q18, its top line increased 7.6% YoY (year-over-year), driven by double-digit Cable Network Programming segment growth.
Walt Disney (DIS) and Twenty-First Century Fox (FOX)(FOXA) exude confidence that their $52.4 billion asset transaction deal will sail through regulatory reviews without much delay or need for significant concessions. Meanwhile, AT&T (T) and Time Warner (TWX), which are seeking to combine in a deal valued at $85.4 billion, have taken longer than originally expected to complete their deal. It’s not that Disney and Fox don’t expect significant regulatory scrutiny of their deal, but they hope that regulatory reviews would conclude quickly so that they can close the deal in the next 12 to 18 months.
21st Century Fox Inc. is seriously pursuing the rights to “Thursday Night Football,” a controversial TV property that could lift viewership of its struggling broadcast network and signal Fox’s path forward ...
Walt Disney (DIS) reached a deal in December to purchase most of Twenty-First Century Fox (FOX)(FOXA), the media and entertainment conglomerate controlled by billionaire Rupert Murdoch. The announcement of the deal ended months of speculations that Disney was looking to acquire strategic assets to try to bolster its competition as technology companies such as Netflix (NFLX), Amazon (AMZN), and Alphabet’s (GOOGL) Google disrupt traditional media and entertainment companies. In the deal with Disney, Fox chose to offload its entertainment unit and media operations that it apparently views as not very important in the future it’s seeking.