UBS analyst John Hodulik upgraded Fox Corp. to Buy from Neutral with a price target of $50, up from $42, suggesting an upside of 32.66 percent. The analyst sees the company as better positioned given its sports betting optionality, measured DTC spend, and leadership within the legacy Pay TV bundle with its sports and news focus. Hodulik adds…
British Troops to Receive New Medal Recognising Heroism in Afghanistan Evacuation
British Armed Forces personnel who took part in the evacuation of more than 15,000 people from Afghanistan in August 2021 are set to receive a new medal recognising their efforts, the Ministry of Defence has announced. Personnel will receive the existing Operational Service Medal Afghanistan, featuring a new clasp reading “Operation Pitting”, recognising their contribution…
Moral Panic, Class, and Our ‘Woke’ Media
“Once a tool to comfort the afflicted and to afflict the comfortable, today American journalism comforts the comfortable, speaks power to truth, and insists on an orthodoxy that protects the interests of the elites in the language of a culture war whose burden is given to the working class to bear,” writes Batya Ungar-Sargon in her…
Vaccine Mandate
The vaccine mandate reminds me of the story about an old farmer who had to leave for a couple of days and hired a young fella to look after the stock. After giving a lengthy list of “dos,” he said, “Whatever you do, don’t put beans in the donkey’s ears.” Well, I bet you can…
Support Local Businesses
In these difficult economic times, as a result of COVID-19, it is especially important to patronize your neighborhood businesses. Do it not only on annual Small Business Saturday, November 26, but every day of the year. Small independent businesses are at the mercy of suppliers, especially third-party brokers, who control the price they have to…
Macquarie Slashes Price Targets on Disney, Viacom, Fox, AMC, Comcast as ‘Streaming Wars Go Global’
Macquarie analyst Tim Nollen lowered the price target on multiple media network companies. Nollen lowered the price target on The Walt Disney Co. to $185 from $195 and kept an Outperform on the shares. Nollen lowered the price target on ViacomCBS Inc. to $32 from $40 and kept a Neutral. Nollen lowered the price target on Fox Corp. to $37 from $40…
Chinese State Media Upset After American Media Pass on Coverage of Remarks by China’s Envoy
China’s envoy to the United States last month invited several American media outlets to take a joint interview, but no outlet ended up reporting on the event—a decision that angered Chinese state media. Qin Gang, the Chinese regime’s ambassador to the United States, met with chief editors and senior correspondents of major American media outlets…
Beijing Is Shutting Down Hong Kong’s Last Free Media
News Analysis The Fragrant Harbor’s last truly free media are falling one after another under the pressure of the Chinese Communist Party (CCP). Hong Kong police raided Stand News on Dec. 29. The leveling of the outlet, and the “voluntary” closure of Citizen News on Jan. 3, are two more nails in the coffin of…
Year of Death for Press Freedom in Hong Kong
Commentary The year 2021 will go down in the history of Hong Kong as a “year of death” for the once vibrant civil society. Within a short span of a year, more than 60 pro-democracy groups, news media, and trade unions were strangled to death by the draconian national security law (NSL) enacted by the…
Top US Media Groups Including Disney, Netflix Look to Spend $115 Billion in 2022: FT
The top eight U.S. media groups expect to spend at least $115 billion on new movies and TV shows in 2022 to attract new customers for the video streaming business, Financial Times reports. Morgan Stanley sees The Walt Disney Co.’s investment in streaming content growing by 35 percent–40 percent in 2022. Disney’s spending on all new movies…
US News
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