Fox Leverages Tubi's Growth Amid Pay TV Challenges; Nexstar Bets On Skinny Bundles: Analyst Weighs In
Portfolio Pulse from AJ Fabino
Rosenblatt Securities has released investor notes on Fox Corp and Nexstar Media Group, focusing on their positions amid shifts in the pay TV sector. Fox is leveraging growth through its Tubi initiative, while Nexstar is impacted by the Charter Communications and Walt Disney Co carriage dispute but could benefit from the rise of skinny bundles. Fox's shares slipped more than 6% at the start of the month due to the dispute, and its pay TV subscribers dipped 8% in the recent quarter. However, Tubi saw a 65% surge in TV time and a 47% spike in ad revenues. Nexstar's shares fell 13% due to the dispute, but the company has been proactive in securing agreements to maintain or introduce the broadcasting of its CW network.
September 05, 2023 | 11:21 pm
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NEUTRAL IMPACT
Fox's shares slipped more than 6% due to the Charter Communications and Walt Disney Co carriage dispute, but its Tubi initiative saw a 65% surge in TV time and a 47% spike in ad revenues.
Fox's shares were negatively impacted by the carriage dispute, but the growth of its Tubi initiative could offset this in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Nexstar's shares fell 13% due to the Charter Communications and Walt Disney Co carriage dispute, but the company has been proactive in securing agreements to maintain or introduce the broadcasting of its CW network.
Nexstar's shares were negatively impacted by the carriage dispute, but the company's proactive approach in securing broadcasting agreements could offset this in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80