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Fly News Breaks for June 25, 2018
Jun 25, 2018 | 08:25 EDT
Jefferies analyst John Janedis told investors in a research note that he has noted healthy ad demand this quarter, and combined with "decent" ratings at key cable networks like Bravo, USA and Oxygen, Comcast's (CMCSA) NBCUniversal appears to be performing well. Janedis, who has a Buy rating and $41 price target on Comcast shares, believes a potential Fox (FOXA) deal is "largely priced" into shares and that the stock will trade higher when the dust settles -- either way. Following Disney's (DIS) $38 per share offer for Fox assets, he thinks a competing offer from Comcast would need to be at least $42.50 per share to be viewed as superior, adding that Comcast likely has options for Fox that include more than a straight cash offer.
News For CMCSA;CMCSK;FOX;FOXA;DIS From the Last 2 Days
Jun 23, 2019 | 19:17 EDT
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Eldorado Resorts (ERI) has agreed to merge with Caesars (CZR) in a cash and stock deal that values its peer at about $18B including debt, Reuters' Greg Roumeliotis reported, citing people familiar with the matter. The deal, which is expected to be announced on Monday, values Caesars at close to $13 a share, according to the sources. 2. FedEx (FDX) said an operational error prevented a Huawei package from being delivered to U.S., just weeks after the delivery company said an error led to the Chinese firm's packages being misdirected, Reuters' Kanishka Singh wrote. China's Global Times newspaper said in a tweet later the company is likely to be added to China's "unreliable entities list" due to the incident. 3. Passed unanimously last year, the California Consumer Privacy Act is the state's underappreciated attempt to regulate the collection and sale of personal data by Facebook (FB), Alphabet 's (GOOGL) Google, and other companies that rely on targeted advertising and the sale of consumer data to power their businesses, Eric Savitz wrote in this week's edition of Barron's. The law, which goes into effect on January 1, 2020, will force almost all companies to change the way they collect, handle, and share data on Californians, he noted, and the effects will spread everywhere. 4. In one of the biggest openings of all time for an animated movie, Pixar and Disney's (DIS) "Toy Story 4" won the North American box office over the weekend with $118M. Overseas, the movie launch to $120M for a $238M globally, a record for the genre. "Toy Story 4" received 98% on Rotten Tomatoes, while sporting an A CinemaScore. 5. Humana (HUM), Planet Fitness (PLNT), Marriott (MAR), Exxon Mobil (XOM), Chevron (CVX), Exelon (EXC), Prologis (PLD), NextEra (NEE) and Merlin Entertainments (MERLY) saw positive mentions in this week's edition of Barron's.
Jun 23, 2019 | 18:02 EDT
"Box Office Battle" is The Fly's weekly roundup of what movies topped the weekend's box office. In one of... To see the rest of the story go to See Story Here