As previously reported, BTIG downgraded 21st Century Fox to Buy from Neutral. Analyst Richard Greenfield expects industry bundles to get smaller and said no large traditional media company is prepared for direct-to-consumer. The analyst views a merger with Time Warner as unlikely near-term and said 21st Century Fox needs to end buybacks and develop a meaningful mobile strategy.
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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