We believe new CEO Chapek will continue to run the Iger playbook at least over the near term, and we are maintaining our wide moat rating and fair value estimate.
We are maintaining our wide moat rating and our fair value estimate after a strong first quarter for Disney.
We are retaining our narrow moat rating and are raising our fair value estimate.
Sinclair and Nexstar are the two biggest U.S. operators.
Major media companies are committing heavily to new platforms going into 2020.
We are maintaining our wide moat rating and expect to raise our fair value estimate.
We expect it to drive growth despite new consumption methods and potential regulation.
We are retaining our narrow moat rating and fair value estimate.
We detail three areas of interest for investors.
The wide-moat firm is preparing for its transformational leap into direct to consumer with the launch of Disney+ in November.
We are retaining our narrow moat rating and our fair value estimate of $135.
Company interplay generates several questions.
Bets on sports and news loom large for a firm that's now much smaller after its deal with Disney.
We initiate coverage of the Fox Corporation after the Disney merger.
Management is calling this a transition year, and we are lowering our fair value estimate.
We are maintaining our wide moat rating but are raising our fair value estimate.
The firm offered more insight on direct-to-consumer efforts, which are key for this year's transition.
The wide-moat firm is putting the focus on Fox media assets and direct-to-consumer efforts.
With the streamer burning cash and more competition looming, Neil Macker sees shares as meaningfully overvalued.
Operating margin came in below our projections, but we are retaining our narrow moat rating and are raising our fair value estimate.
The price increases are in line with the firm's need to generate additional revenue to help offset the ongoing cash burn.
Growth at over the top pay TV providers Sling and DirecTV has slowed creating an opportunity for Hulu and YouTube to gain subscribers.
Moonves is likely to sue the board over the investigation as the findings not only stop him from collecting his severance but make him almost unhirable.
The wide-moat firm is looking ahead to 2019 with the launch of its streaming service and completing the Fox deal.
We are maintaining our wide moat rating and our fair value estimate.
International subscribers boosted growth, but we still think the firm will have to spend heavily over time to fend off competition.
We still see the streamer as significantly overvalued despite better than expected subscriber growth.
The chairman and CEO has departed without severance amid an investigation into allegations of sexual assault and misconduct.
The board is in talks to settle with the Redstone family and ease out CEO Les Moonves.
Delays are inherent in the video game business and in this case create a slight deferral, not loss, of revenue.
As users gravitate to new services, Disney and others could benefit over the long haul.
The media conglomerate continues to drive fee growth at its core brands while expanding the subscriber base of its newer channels.
Revenue fell short of expectations but in line with our projections for the wide-moat firm.
The no-moat firm is seeing a decline in its satellite segment, but is enjoying continued growth at the Sling OTT service.
Even after raising our fair value estimate, we think the market is too optimistic.
Although Comcast may still vie for Sky, we think Disney will close on the Fox deal soon.
We are retaining our narrow moat rating and our fair value estimate for the firm.
We're raising our fair value estimate on the narrow-moat gamemaker based on the projected launch of 'Grand Theft Auto VI.'
While the offer is above Disney's, Disney probably won't need to significantly outbid Comcast if and when it sweetens its all-stock offer with cash.
Comcast's all-cash offer could come as early as today.
We think a reunion of Viacom and CBS is unlikely to occur any time soon after the latest spat.
We're maintaining our moat ratings and fair value estimates on both CBS and Viacom.
Affiliate fee growth remains strong for the wide-moat firm.
The narrow-moat company posted a strong finish to fiscal 2018, driven largely by console gaming.
Comcast previously made a similarly sized offer for the Fox assets, but the Murdoch family preferred the Disney deal due to both regulatory and tax issues.
The narrow-moat firm's investment in the studio business is paying dividends.
We expect the narrow-moat firm to continue to spend on content as it expands its focus there ahead of Disney's arrival.
We are retaining the firm's narrow moat rating and our fair value estimate.
While we still think a deal is slightly more likely than not to occur because of the insistence of Shari Redstone, CBS board members on the special committee have left themselves with a credible path to reject a deal.
CBS reportedly bids under market value for Viacom, and the deal may hinge on management team compensation.