3 Media Stocks in Focus: Disney’s Pipeline Remains Strong, Liberty has a Proposition for Dish, and News Corp.’s Murdoch to Appear Before Parliament
Disney (NYSE:DIS): JPMorgan has reinforced its Overweight rating on Disney, helping drive shares more than 2 percent. Though The Lone Ranger hasn’t quite met analyst expectations in the box office, Disney has such a strong pipeline that the long-term outlook is as positive and confident as ever, even if the company takes a charge in the fourth quarter due to the film’s failure to meet its budget.
Dish Network (NASDAQ:DISH): Liberty Media Corp. Chairman John Malone has reportedly urged Dish Network’s Charlie Egren to combine Dish with DirecTV (NASDAQ:DTV) to get the advantages of bigger bulk in the pay-TV business, Bloomberg is reporting. Malone says that larger size is key for driving down costs and opening up to larger investment. “You need larger — I’m not saying monopoly players — but you need larger players,” Malone said at a conference.
News Corp. (NASDAQ:NWSA): A News Corp. spokesman said that Rupert Murdoch has accepted the invitation of the U.K. Parliament to come before the government body and speak about a secret tape that’s recently caused a stir. “Mr Murdoch welcomes the opportunity to return to the select committee and answer their questions,” the company said in a statement. “He looks forward to clearing up any misconceptions as soon as possible.” Murdoch said on the tape that paying off law enforcement in the U.K. was a part of British journalism culture, which is in direct contrast to his hearing last year, where he said that “paying for information was wrong.”