Amidst the turbulence resulting from the Charter Communications Inc (NASDAQ:CHTR) and Walt Disney Co (NYSE:DIS) carriage dispute, Rosenblatt Securities is out with two investor notes on media stocks Fox Corp (NASDAQ:FOX) (NASDAQ:FOXA) and Nexstar Media Group Inc (NASDAQ:NXST), focusing on their positions amid shifts in the pay TV sector.
At the core, Fox is capturing growth through its FAST initiative, Tubi, while Nexstar’s shares are heavily impacted by the carriage dispute, though it’s poised to benefit from the rise of skinny bundles, which at its most basic are fewer TV channels and other offerings grouped together at a reduced price.
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