Author Topic: FOXA - Twenty-First Century Fox Inc  (Read 26549 times)

Foreign Tuffett

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Re: FOXA - Twenty-First Century Fox Inc
« Reply #60 on: September 30, 2019, 03:06:48 PM »
Apologize if this has been covered lately - one observation I have of the businesses I own shares in is "in general" - they move on a daily basis with their sub-sector (close comparables, like TV/content owners for FOX), or bigger industry (like "consumer discretionary" for FOX).  My guess is indexing + sector funds buy/sell indiscriminately, thus you get daily selling or buying in TV/content owners and they all appreciate or fall together (FOX, DIS, CMCSA, etc.).  I've been wondering if this dynamic has pushed FOX down from call it $34 to $31?  The free cash flow I think it will produce doesn't justify this move down - thus I've been thinking it's sector/industry ETF/index fund selling vs. anything specific to FOX.

The big banks follow this trend. They'll move independently on unique events / news such as earnings announcements, Wells Fargo was +4% on the CEO announcement last week, etc.  But if you follow them during the routine days, I think they move fairly close together up or down.  Sometimes I think this creates buying opportunities.  (Probably FOX today.)

That's very interesting. I suppose CBS, at least until the Viacom transaction completes, is Fox's closest comp. Really there's no good comp though.

I agree that the company is cheap, but remain concerned about management. If anyone can explain the logic of the Credible Labs acquisition I'm all ears.

* Edited to fix typos
« Last Edit: September 30, 2019, 08:51:57 PM by Foreign Tuffett »


Foreign Tuffett

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Re: FOXA - Twenty-First Century Fox Inc
« Reply #61 on: September 30, 2019, 08:56:19 PM »
Fox and Dish are battling over pricing

https://www.keepfox.com/


Dwayne Johnson returning to WWE Smackdown to kick off its Fox premiere this Friday. I think WWE will do well on Fox

https://www.foxnews.com/entertainment/dwayne-the-rock-johnson-wwe-return

Okonomen

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Re: FOXA - Twenty-First Century Fox Inc
« Reply #62 on: September 30, 2019, 10:05:39 PM »
Fox and Dish are battling over pricing

https://www.keepfox.com/


Dwayne Johnson returning to WWE Smackdown to kick off its Fox premiere this Friday. I think WWE will do well on Fox

https://www.foxnews.com/entertainment/dwayne-the-rock-johnson-wwe-return

Cant figure out if this is a genious move by fox or too aggressive pissing dish off. However, i guess fox has the power as vustomers care about what they can watch and not about who delivers it

Nomad

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Re: FOXA - Twenty-First Century Fox Inc
« Reply #63 on: October 01, 2019, 11:35:42 AM »

I agree that the company is cheap, but remain concerned about management. If anyone can explain the logic of the Credible Labs acquisition I'm all ears.


So I thought some more about this, and it's pure speculation but I'll put it out there: What if the Credible acquisition was designed to support Fox's move into sports betting? The Supreme Court has cleared the way for nationwide betting. Fox is almost certainly interested in the creditworthiness of the punters to whom the Fox Bet service is being offered. This could be an early building block as the company tries to establish the same dominance stateside that Sky enjoys in the UK.

On the other hand, it could just be a giveaway to Lachlan's Australian friends!  ;D

brycepeterson

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Re: FOXA - Twenty-First Century Fox Inc
« Reply #64 on: October 01, 2019, 03:08:56 PM »

I agree that the company is cheap, but remain concerned about management. If anyone can explain the logic of the Credible Labs acquisition I'm all ears.


So I thought some more about this, and it's pure speculation but I'll put it out there: What if the Credible acquisition was designed to support Fox's move into sports betting? The Supreme Court has cleared the way for nationwide betting. Fox is almost certainly interested in the creditworthiness of the punters to whom the Fox Bet service is being offered. This could be an early building block as the company tries to establish the same dominance stateside that Sky enjoys in the UK.

On the other hand, it could just be a giveaway to Lachlan's Australian friends!  ;D

Good thought Nomad!  Why wouldn't Fox just say that on acquisition date?  Makes the most sense of theories I've heard.  Or maybe they hinted at it and I'm not aware...

Thank you.

Foreign Tuffett

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Re: FOXA - Twenty-First Century Fox Inc
« Reply #65 on: October 02, 2019, 05:16:28 PM »
Q3 ratings for Fox News: -1% Y/Y. #1 cable news network for 71 straight Qs.

https://deadline.com/2019/10/fox-news-cable-news-network-ratings-1202749534/


Foreign Tuffett

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Re: FOXA - Twenty-First Century Fox Inc
« Reply #66 on: October 04, 2019, 11:59:58 AM »
Long-term renewal with Cox announced today. This suggests to me that the ongoing dispute between Fox and Dish is primarily due to Dish being obstinate and not wanting to pay up. Typical Charlie Ergen stuff.

https://www.prnewswire.com/news-releases/fox-corporation-and-cox-communications-announce-long-term-renewal-agreement-300931401.html


Spekulatius

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Re: FOXA - Twenty-First Century Fox Inc
« Reply #67 on: October 04, 2019, 04:09:21 PM »
Long-term renewal with Cox announced today. This suggests to me that the ongoing dispute between Fox and Dish is primarily due to Dish being obstinate and not wanting to pay up. Typical Charlie Ergen stuff.

https://www.prnewswire.com/news-releases/fox-corporation-and-cox-communications-announce-long-term-renewal-agreement-300931401.html

Dish had this stuff all the time going on when I was customer a couple of years ago. Itís a negotiating tactic and the content always came back.
Life is too short for cheap beer and wine.

Foreign Tuffett

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Re: FOXA - Twenty-First Century Fox Inc
« Reply #68 on: October 05, 2019, 09:16:33 AM »
Long-term renewal with Cox announced today. This suggests to me that the ongoing dispute between Fox and Dish is primarily due to Dish being obstinate and not wanting to pay up. Typical Charlie Ergen stuff.

https://www.prnewswire.com/news-releases/fox-corporation-and-cox-communications-announce-long-term-renewal-agreement-300931401.html

Dish had this stuff all the time going on when I was customer a couple of years ago. Itís a negotiating tactic and the content always came back.

Interesting, thanks.


Strong ratings for premiere of WWE Smackdown last night.

https://www.wrestlinginc.com/news/2019/10/wwe-smackdown-fox-premiere-viewership-draws-big-numbers-660399/

Foreign Tuffett

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Re: FOXA - Twenty-First Century Fox Inc
« Reply #69 on: October 07, 2019, 07:38:30 AM »
Long-term renewal with Cox announced today. This suggests to me that the ongoing dispute between Fox and Dish is primarily due to Dish being obstinate and not wanting to pay up. Typical Charlie Ergen stuff.

https://www.prnewswire.com/news-releases/fox-corporation-and-cox-communications-announce-long-term-renewal-agreement-300931401.html

Dish had this stuff all the time going on when I was customer a couple of years ago. Itís a negotiating tactic and the content always came back.

Looks like they were able to hash out their differences in time for some of yesterday's football action.

https://www.prnewswire.com/news-releases/dish-reaches-long-term-carriage-agreement-with-fox-300932687.html

Rupert Murdoch was at the Cowboys-Packers game yesterday. I think he's friends with Jerry Jones.