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Fly News Breaks for April 1, 2016
DISH, CMCSA, ROVI
Apr 1, 2016 | 09:28 EDT
JPMorgan analyst Sterling Auty recommends buying Rovi (ROVI) following news that the company sued Comcast (CMCSA) after contract negotiations were unsuccessful before yesterday's expiration. The analyst believes the issue is "not whether Comcast believes it is infringing, but rather it is all about price." He hopes the suit will get both companies moving forward on discussions and ultimately lead to a contract resolution without prolonged litigation. Auty also points out that the standstill announced this morning with DISH (DISH) allows for additional time to negotiate.
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