3 Media Stocks in Focus: Netflix Makes History, Dish Network’s Potential Spectrum Partner, and Disney Shuts Down Car Allowances
Netflix Inc. (NASDAQ:NFLX): Both House of Cards and Arrested Development have become the first digitally distributed series to win a major Emmy nomination; the former was nominated for nine awards and the latter, three
Dish Network (NASDAQ:DISH): UBS has raised Dish Network’s price target to $54 from $36 due to potential spectrum value, and the ultimate value will be tied to a transaction involving wireless spectrum. Dish’s most likely partner will be T-Mobile US (NYSE:TMUS), given that it would not need to spend on building a fifth national network, the firm says, rating the shares at Neutral.
Disney (NYSE:DIS): In efforts to stem costs, the company will be phasing out its executive car allowances programs as it continues to drop perks to help boost profitability. Chief Financial Officer Jay Rasulo didn’t specify how much money the initiative would save, although one employee — a mid-level former Disney executive — told Bloomberg that his or her monthly car allowance amounted to $900 in recent years.