News Corp. Loses to Time Warner and 4 Media Titans Making Waves
Netflix, Inc. (NASDAQ:NFLX): Current price $97.50
After the market closes on Wednesday, January 23, Netflix Inc. is expected to report fourth quarter earnings with a conference call scheduled for 6:00 pm ET. According to First Call, analysts are looking for earnings per share of (60c) on revenue of $934.37 million. The consensus range is ($13.00)-2c for EPS, and $924.2-$946 million for revenue.
Coinstar, Inc. (NASDAQ:CSTR): Current price $49.22
According to The New York Post, who cited sources close to the situation, Coinstar, Inc. rejected a takeover offer from Providence Equity Partners last summer when their shares were trading around $60. The report also said that Coinstar has been slower than expected in rolling out their new Rubi coffee kiosks and have not released any financials about the coffee business, citing research from Gabelli.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
CBS Corporation (NYSE:CBS): Current price $41.66
According to The New York Post, while CBS Corporation insists that radio is a core business, industry insiders believe Chief Executive Officer, Les Moonves, is open to a sale of the unit, possibly within the next 12 to 24 months. Cumulus Media (NASDAQ:CMLS) has already sent out feelers to CBS Radio, according to the report.
Comcast Corporation (NASDAQ:CMCSA): Current price $39.69
According to the Wall Street Journal, The supernatural thriller “Mama,” won the weekend’s box office, as film star Jessica Chastain moved to the top of Hollywood’s top two highest-grossing films. Comcast Corporation’s “Mama,” from Universal Pictures, earned $33 million in its first weekend in theaters, including the Monday holiday, with a heavily female audience.
News Corp. (NASDAQ:NWSA): Current price $27.13
Bloomberg reported that according to two sources, Time Warner Cable (NYSE:TWC) has prevailed over News Corp. for the rights to broadcast the Los Angeles Dodgers’ games. Time Warner Cable will not own the television rights.
Investing Insights: Is LinkedIn’s Stock a Buy Now?