3 Media Stocks in Focus: Time Warner’s Health Care Tactic, Disney’s Tencent Deal, DirecTV’s Brazilian Buys
Time Warner Cable (NYSE:TWC): Time Warner Cable, along with a handful of other major companies, will be moving its U.S.-based retirees from company-sponsored health programs to private exchanges on January 1. Time Warner will provide the money that retirees can use to shop around for coverage. Corporations have been looking for ways to control their health care costs by using the “defined contribution” model that was implemented for pensions some time ago.
Walt Disney Co. (NYSE:DIS): Disney has landed a potentially gigantic deal: Chinese Internet juggernaut Tencent agreed to a licensing deal for Disney, Pixar, and Marvel content. Terms were not laid out, though any additional exposure to the Chinese populace could provide benefits to the company and, in particular, Disney Shanghai.
DirecTV (NASDAQ:DTV): DirecTV subsidiary Sky Brasil bought TV show Brasil S.A. and Rapix Tecnologia e Internet Ltda, both of which provide pay-TV and broadband services in certain regions of Brazil. The company’s Latin American operations have posed some issues in the past, but it has proved to be a valuable division overall.