Comcast Reaches $5 Billion Mark for Share Repurchases, Sees to Optimize Shareholder Returns
Planning to finish 2017 with a share repurchase worth $5 billion, Comcast (NASDAQ:CMCSA) continues its venture to optimize shareholder returns through huge share buybacks. Specifically, in 3Q17, the company purchased back $1.7 billion in shares, ... [Read]
This is Why ROKU Inc. Shares Should Trade Higher Than $40
Roku Inc. (NASDAQ:ROKU) went public just recently. Since its inception, the stock has gone up nearly 80%, with the market consensus valuing the company at a whopping $4 billion. ROKU focuses on streaming through TV ... [Read]
Disney CEO to Extend Tenure Past 2019
It was reported that Walt Disney’s (NYSE:DIS) CEO Bob Iger will most likely be extending his tenure past 2019. This decision is likely so that the integration of Twenty-First Century Fox’s (NASDAQ:FOX) assets with Disney ... [Read]
Cinemark Holdings New Movie Subscription Program Making Waves in the Movie Watching Industry
Cinemark Holdings (NYSE:CNK) has started a new movie subscription membership program for its customers, and it’s having an effect on its own shares, as well as its competitors’. The subscription program gives customers discounts on ... [Read]
21st Century Fox Incurs Record 1Q18 Operating Expenses- Sale of Assets to Cope?
During fiscal 1Q18, 21st Century Fox (NASDAQ:FOX) incurred higher operating expenses than that of in fiscal 1Q17. The total number? Higher than $5.7 billion. Further, marketing and sales spending also rose. Fox is speculated to ... [Read]
Discovery Increases Stake in Oprah Winfrey Network to 70%
Discovery Communications Inc. (NASDAQ:DISCK) has increased its stake in its joint venture with the Oprah Winfrey Network to over 70%. Discovery paid $70 million in order to acquire an additional 24.5% stake in Harpo Inc.’s ... [Read]
Disney Stock Jumps 6% when Negotiations with Twenty-First Century Fox Resume
Shares of the Walt Disney Company (NYSE:DIS) jumped after it was announced that negotiations between Disney and Twenty-First Century Fox (NASDAQ:FOX) have started up again. According to those involved with the negotiations, Disney is looking ... [Read]
ABC News Announces the Suspension of Brian Ross
On Saturday, ABC News, which is the news division of the Disney (NYSE:DIS) owned American Broadcasting Company, disclosed that they had suspended investigative reporter Brian Ross for four weeks without pay. The reason? The announcement ... [Read]
Comcast Struggles to Maintain its Cable Subscribers
Throughout its third quarter, Comcast (NASDAQ:CMCSA) has continued to lose video customers, at an even greater rate than its equivalent period in 2016. Comcast saw a loss of 125,000 subscribers in its third quarter this ... [Read]
Netflix Has Made Deal to Distribute Popular Chinese-Owned Detective Drama
Netflix (NASDAQ:NFLX) may have finally found its ‘in’ to the Chinese video streaming market. The streaming company has reached a deal with Youku, owned by the China internet giant Alibaba (NYSE:BABA), to distribute the extremely ... [Read]