Page 16 - Neil Macker News Today : Breaking News, Live Updates & Top Stories | Vimarsana

AT&T’s Discovery deal is about taking on Disney Plus Share this story Illustration by Alex Castro / The Verge Early Monday morning, AT&T announced a sudden change in direction: it reached an agreement to spin off WarnerMedia — the conglomerate of Warner Bros., HBO, CNN, DC Comics, and more — into a new company to be merged with Discovery. While Discovery’s roster of the Cooking Channel, Travel Channel, and Food Network is a whole lot less exciting than WarnerMedia’s lineup of Batman, Harry Potter, and Game of Thrones, the combined company brings together the components needed to ...

Discovery's (DISCA) announced merger with AT&T’s (T) WarnerMedia, the company’s second major acquisition in the last few years, was followed by a more than 6% drop in the stock’s price. But the share price slide following the announcement only put the stock further into undervalued territory according to Morningstar analyst Neil Macker. He views the WarnerMedia and Discovery merger as a positive note for the company’s long-term performance. “We think the deal provides Discovery with the scale and resources necessary to compete with Disney (DIS), Netflix (NFLX), and NBCUniversal,” ...

David Zaslav reinvented Discovery. Now he’s building a new streaming giant. Taylor Telford David Zaslav is a cable guy. “Zas,” as he is known to friends, spent the first two decades of his career at NBC, where he helped launch CNBC and MSNBC before taking the helm at Discovery in 2007. He took Discovery public, turned it into a reality television kingpin, then brought it back to its documentary and science-oriented roots. He made it a live sports destination with the acquisition of Eurosport and a deal to provide coverage of the Tokyo Olympics in international marke...

May 17, 2021 Discovery and AT&T announced on May 17 that Discovery and AT&T’s WarnerMedia will merge to form a large standalone media company. The new firm (which was not named) will have tremendous reach via the combined networks, including TNT, CNN, Discovery, and HGTV, along with a massive content library of some of the best known scripted and unscripted programming. We are relatively confident that the deal will be approved by regulators and close in 2022 since it removes one vertically integrated player from the market and the overall merger size is smaller than the 2019 Dis...

ViacomCBS Upgraded to Outperform by Wolfe on Fundamentals ViacomCBS benefits from a strong ad market and 'a seemingly reasonable consensus streaming subscriber target,' Wolfe wrote. Shares rose. Author: ViacomCBS  ( VIACA) - Get Report shares rose Wednesday after receiving an upgrade to outperform from peer perform from Wolfe Research analyst John Janedis. Janedis sees the stock’s 56% decline in the Archegos Capital Management debacle as overdone. However, Janedis trimmed his price target to $70 from $80 to reflect recent market activity. Viacom and other stocks held in concentrated po...