Major films such as "Hunger Games: Catching Fire," "World War Z," and "Transformers: Age of Extinction" will move to Hulu from Netflix.» Read More
A large number of stocks in the S&P 500 are already trading in correction territory. Is this a buying opportunity?
Asian equities traded mixed on Friday, as investors turned their attention to the release of the U.S. nonfarm payrolls report.
Jim Cramer explains why Disney is different from all of the other media stocks, and why it could bounce.
*Disney, Viacom lead media selloff. Viacom fell 14.22 percent to its lowest in almost four years after reporting lower-than-expected quarterly revenue due to weakness in its cable TV business. The S&P 500 media index lost 2.12 percent and notched its biggest two-day fall since November 2008, with Time Warner, Comcast and CBS all in the red and Twenty-First...
U.S. stocks closed lower, with the Nasdaq off 1.6 percent, as investors weighed declines in oil and disappointing earnings ahead of the jobs report.
*Disney, Viacom lead media selloff. Viacom fell as much as 23.6 percent to its lowest in almost four years after reporting lower-than-expected quarterly revenue due to weakness in its cable TV business. The S&P 500 media index was down 2.85 percent, recording it's biggest two-day fall since November 2008, with Time Warner, Comcast and CBS all in the red and...
Aug 6- New York Times Co reported lower-than-expected quarterly revenue as its print advertising sales fell for the fourth straight quarter. New York Times' print ad revenue fell 12.8 percent in the second quarter. New York Times' advertising revenue fell 5.5 percent to $148.6 million.
*Disney, Viacom lead media selloff. Viacom fell 22 percent to $39.57, their lowest in almost four years. Twenty-First Century Fox fell 12.3 percent, while Time Warner, Comcast and CBS were all in the red.
Aug 6- Viacom Inc reported weaker-than-expected quarterly revenue, hurt by lower advertising revenue from its U.S. cable TV business as viewers increasingly shift to online streaming services. Viacom's shares plunged as much as 18 percent to a near four-year low on Thursday. Viacom's advertising revenue fell 9 percent in its U.S. cable business, the fourth...
*Michael Kors jumps after results best expectations. Aug 6- Wall Street fell on Thursday morning as investors traded on earnings, with Walt Disney's warning on its cable business continuing to haunt media stocks. Time Warner, Discovery Communications and CBS were all in the red.
Some of the names on the move ahead of the open.
Aug 5- Media company Twenty-First Century Fox Inc on Wednesday reduced its profit expectation for the coming year, citing foreign currency impacts, the timing of film releases, and sports and digital investments in India. He said he expected older channels such as Fox News and FX to lose subscribers as the pay TV industry shrinks, but newer offerings including...
"Fast Money" traders digested earnings from Walt Disney, 21st Century Fox and CBS, among other media players.
Even after dropping 9 percent following mixed earnings, analysts explain why it's too early to dump Disney shares.
Check out the companies making headlines after the bell Wednesday: Fitbit, Zulily, Herbalife & more.
Aug 5- Nagging investor concerns over viewers cutting the cord on cable television and moving online turned into a rout in the sector's shares on Wednesday after Walt Disney Co reported a dip in subscribers for its cornerstone sports channel ESPN and rivals produced a mixed batch of earnings. Disney's shares fell 9 percent on Wednesday, wiping $18 billion off...
Aug 5- Twenty-First Century Fox Inc's reported a 9.3 percent fall in quarterly adjusted revenue as advertising sales fell in its television business and a lack of major film releases weighed on its studio business. But Fox's adjusted profit beat Wall Street expectations and the company said it would buy back $5 billion Class A shares over the next 12 months.
Aug 5- Twenty-First Century Fox Inc reported a 9.3 percent fall in quarterly adjusted revenue as advertising sales fell in its television business and a lack of major film releases weighed on its studio business. Net income attributable to shareholders fell to $87 million, or 4 cents per share, in the fourth quarter ended June 30, from $999 million, or 45 cents per...
Twenty-First Century Fox posted quarterly earnings that topped estimates but revenue came in below projections.
*Disney cuts cable unit profit forecast, stock slides. *First Solar rallies after earnings, guidance. Aug 5- The S&P 500 and Nasdaq Composite rose on Wednesday following three days of losses as tech shares advanced, while the blue-chip Dow index was flat, weighed down by Disney's largest daily drop in seven years.