Barclays said the selloff in 21st Century Fox (FOXA) following the Q1 report and on the guidance reduction at Time Warner (TWX) is overdone. The firm said Fox missed the headline number but the quality of earnings was much better than Time Warner due to domestic cable network performance, double digit domestic affiliate fee growth, domestic sub growth, and an investment cycle that is towards the end of they cycle.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here