When it comes to streaming, Warner Bros Discovery Inc (NASDAQ: WBD) reached profitability before its legacy media rivals such as The Walt Disney Corporation (NYSE: DIS), Comcast Corporation (NASDAQ: CMCSA) and Paramount Global (NASDAQ: PARA). However, with a slump in advertising revenue, Warner Bros missed both top and bottom-line estimates with its fourth quarter results. After the report, shares fell 12% in early trading on Friday. Fourth Quarter Highlights For the quarter that ended on Decemb
Citi analyst Jason Bazinet upgraded shares of Fox to Buy from Neutral and increased his price target to $35 from $34. Class A shares of Fox rose 0.5% on Friday to $27.54. Bazinet wrote in a research note that the streaming sports bundle between Fox, Disney, and Warner Bros. was a positive for Fox, the network responsible for Master Chef and The Masked Singer as traditional cable television becomes less popular.
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