News Corp Close to Deal and 4 Media Titans Making Waves
Netflix, Inc. (NASDAQ:NFLX): Icahn is not saying what he has in mind specifically for Netflix, Inc., though he assumes that other companies might want to purchase the leading streamer of premium content, which has thirty million subscribers. ”It makes a great acquisition candidate because of their subscription base,” Icahn told THR, “but it should be up to the shareholders, not the board, to decide that.”
Comcast Corporation (NASDAQ:CMCSA): According to the Wall Street Journal, NBC (NASDAQ:CMCSA) has named Don Nash as the new executive producer of the “Today” show. He now has the responsibility of fixing the struggling morning show. Nash succeeds Jim Bell.
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DIRECTV, Inc. (NASDAQ:DTV) had their “buy” rating reinstated by analysts at Jefferies Group in a research report issued to clients and investors. They currently have a $60 price target on their stock.
News Corp. (NASDAQ:NWSA): According to the Wall Street Journal, News Corp. is close to finalizing a deal for the purchase of a minority stake in New York regional sports network YES, the home network of the New York Yankees, which has a value of about $3 billion. News Corp. is said to be after nearly 40% of the network, seeking to buy most of the stakes owned by Goldman Sachs Group (NYSE:GS) and Providence Equity Partners.
Viacom, Inc. (NYSE:VIA) reported a fourth quarter adjusted earnings per share of $1.21 with a consensus of $1.17.