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Fly News Breaks for July 14, 2015
VIAB
Jul 14, 2015 | 08:22 EDT
Morgan Stanley Stanley said ratings declines for kids networks continue to outpace overall TV viewership due to rising content spend by new S-VOD entrants and growing mobile viewership. The firm said the recent launch of YouTubeKids is the latest attack and expects streaming video to grow 30% in 2015 across all platforms. Morgan Stanley lowered estimates and is now 4% below 2016 consensus revenues and 6% on earnings per a share, and lowered its price target to $64. The firm rates shares an Underweight.
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