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Fly News Breaks for August 14, 2019
CBS, VIA, VIAB, DIS, DISCA
Aug 14, 2019 | 07:36 EDT
Needham analyst Laura Martin is keeping her Buy rating and $60 price target on CBS (CBS) after its announced merger with Viacom (VIA), saying the company is retaining about 60% control along with many senior management positions in the deal. The analyst notes that the investment decision on CBS can now focus on its fundamentals, and she sees the combined entity as an "OTT superpower" with expected acceleration in its Subscription Video On Demand platform. Martin further contends that the merged ViacomCBS business is too cheap at a forward earnings estimate of 6.7-times relative to the multiples of her Hold-rated Discovery (DISCA) and Disney (DIS)
News For CBS;VIA;VIAB;DIS;DISCA From the Last 2 Days
DIS
Sep 16, 2019 | 14:46 EDT
In a regulatory filing released on Friday, September 13, Apple (AAPL) disclosed that Disney (DIS) CEO Bob Iger had resigned from the board of Apple. While this news... To see the rest of the story go to thefly.com. See Story Here
DIS, VIA, VIAB
Sep 15, 2019 | 16:54 EDT
"Box Office Battle" is The Fly's weekly roundup of what movies topped the weekend's box office. AT&T (T) subsidiary... To see the rest of the story go to thefly.com. See Story Here