Fox Corporation - (FOXA) Social Stream
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Live hockey is coming to $T WarnerMedia’s Turner Sports, thanks to a new 7 year deal w/ the NHL.Ro_Patel, published April 28, 2021
Turner Sports announced that TNT & TBS will air the Stanley Cup 3 out of the 7 years (2023, 2025, & 2027), 72 regular-season games per season, half of the 1st- & 2nd-round playoff games, & the conference final series. One of the regular-season games will be the NHL Winter Classic, which is played New Year's Day. Plus live streaming & digital rights across WarnerMedia properties, including HBO Max & Bleacher Report.
Longtime NHL partner $CMCSA NBC & $FOXA were seen as the favourites to get the 2nd package after the league reached an agreement with $DIS ESPN/ABC last month.
NHL commissioner: "From our standpoint, we looked at the strength of the Turner Sports portfolio, which is outstanding. They put a fun and innovative factor into all of what they do, and we're excited to have that same treatment for our sports, and for our fans."
NBC 10-year contract ends this season.
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Nice Print for $FOXA - Amount: $4,148,280.00 - to learn more, JOIN https://tradewithalerts.com/signup to get REAL TIME prints and a lot more. Register for the Premimum Training to learn EVERYTHING you'll ever need to trade like a professional!TradeWithAlerts, published April 23, 2021
With 25.29 billion dollars in revenue FY 2020 & a market cap of 25.83 billion, $VIAC is trading 1:1 times FY 2020 Revenue
Viacom competitor, $FOXA, boasted 12.66 billion dollars in revenue FY 2020 & a market cap of 21.78 billion. Fox trades 1:2 times FY 2020 Revenue.
Put Viacom even just 2x annual revenue, the stock’s intrinsic value lands around: $70-75
619 million outstanding shares * 37.94 share price = 25.83b
619 million outstanding shares * 75.88 share price = 49.96b
Netflix Cash Flow Mimics High-Grade Peers
NFLX reached sustained positive free cash flow.
Netflix may generate more than $1 billion of cash this year, and in excess of $2 billion for 2022, in our view.
$NFLX $FOXA $DISCA $VIAC $TME