|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's range||31.51 - 31.89|
|52-week range||31.17 - 39.80|
|PE ratio (TTM)||6.39|
|Earnings date||24 Jul 2018|
|Forward dividend & yield||2.00 (6.33%)|
|1y target est||37.43|
Pandora announces a new arrangement with AT&TBloomberg NewsThe Pandora Media application is seen in the App Store on an Apple iPhone. Pandora Media Inc. is one of the best performers in tech this year, with shares up nearly 75%. On the heels of a new partnership arrangement with AT&T Inc. (XNYS:T) Pandora’s (XNYS:P) Chief Financial Officer Naveen Chopra spoke with MarketWatch about how relationships with other tech companies can help the streaming-music pioneer drive more listeners to its products.
A California lawmaker's decision to alter a net neutrality bill considered one of the nation's most aggressive efforts to require an equal playing field on the internet has generated intensely personal online attacks aimed at his family as well as criticism from fellow Democrats in Congress. Assemblyman Miguel Santiago leads a committee that this week stripped whole chunks of a net neutrality measure. The decision reverberated far beyond California's Capitol, drawing rebukes from members of Congress and leading the state Democratic chairman to try to diffuse tension.
AT&T, which is fresh off its acquisition of Time Warner Inc., has a treasure trove of TV and digital content from brands such as CNN and TNT. Now the telecom giant is in talks to buy AppNexus for $1.6 billion, a deal that would help it monetize that content better, using data from wireless customers to serve highly targeted ads. Mr. Rupczynski said the deal would give AT&T immediate infrastructure and more data and could give marketers “more leverage” in dealing with Google and Facebook.
Frontier Communications’ (FTR) number of video customers decreased by ~2.9% sequentially to reach ~1.2 million at the end of the first quarter.
Media giant Disney (DIS) has recently made a higher bid than rival bidder Comcast (CMCSA) for most of the assets of 21st Century Fox (FOXA). Disney is now offering more than $71.3 billion for Fox’s film, television, and entertainment assets, around 36% higher than its initial bid of $52.4 billion in December. Following the announcement, Comcast shares were up 1.77% to $33.39 on June 20, while Disney closed up 0.99% to $107.15 per share.
AT&T (T) recently announced its new live TV streaming service, WatchTV, amid the growing popularity of online streaming services. AT&T’s WatchTV service is expected to be available for no cost for AT&T wireless customers with unlimited data plans.
Under the terms of the agreement, AT&T (T) will transfer the ownership of 18 Internet Data Centers in the United States and 13 in international locations to Brookfield.
After the announcement of the completion of AT&T’s (T) acquisition of Time Warner on June 14, the leading wireless service provider launched a new streaming service called AT&T WatchTV, according to CNBC. Initially, the AT&T WatchTV bundle is expected to show free television programming, excluding sports content.
AT&T (T), which recently completed the long-awaited $85.4 billion acquisition of Time Warner, is reportedly looking for more content. AT&T is planning to acquire all of Otter Media, an Internet video company. AT&T currently co-owns Otter Media with The Chernin Group.
contain controversial provisions that could be used to withhold compensation to investors if the deal is delayed. The big box retailer sold $8.5bn bonds on Wednesday whose documents contain legal language used recently by other issuers to avoid paying such compensation, in defiance of investor requests that companies stop using the language. At issue are a pair of provisions that have been standard in bond documents for years but which have been used to save issuers cash in recent months and faced criticism as a result.
AT&T Inc. on Thursday unveiled a new video service, called WatchTV, that aims to use a “skinny bundle” of channels to recapture some of the millions of cord-cutters who dropped cable and satellite-TV. The package would offer a small number of TV channels to most subscribers for as little as $15 a month while giving free access to subscribers on unlimited data plans. AT&T said Thursday that the new service will come complimentary with two wireless plans.
There were days of silence when Comcast expected heavy negotiations. Weeks later, Mr. Murdoch announced a deal with rival Walt Disney Co. for $52.4 billion, nearly $12 billion less than the Comcast offer. “I don’t know what more I could do,” he told a close friend. After the holidays, he began gaming out strategies that could torpedo Disney’s Fox deal, people close to the company said, setting into motion media’s highest-stakes bidding war in years and the biggest bet of his career.
Telecom giant AT&T (T) is looking to acquire advertising technology firm AppNexus to gain a foothold in the digital ad sales market. AT&T is likely to pay ~$1.6 billion for AppNexus, which is a digital ad exchange. AT&T would allow advertisers to buy space targeting their audiences across several websites.
Four out of 10 acquisitions of technology companies have come from companies in other industries, PricewaterhouseCoopers deals team said a report Thursday.
Communications, a business unit of AT&T Inc., said it will sell 31 data centers—places where companies can rent space to run their servers—to Brookfield Infrastructure Partners LP under a deal worth $1.1 billion. Brookfield is establishing a wholly owned company to own and operate the data centers and intends to appoint Tim Caulfield as chief executive of the business, AT&T announced Thursday. AT&T said will use the money from the deal to pay down debt.
Disney's (DIS) sweetened takeover bid for 21st Century Fox (FOXA) has soured ratings agency Moody's Investor Service on the media giant's debt. Moody's placed Disney on review for a downgrade late yesterday, citing the company's major debt load, should it be successful in buying Fox and European satellite TV provider Sky: Moody's pegs the company's debt to earnings before interest, taxes, depreciation and amortization ratio around four times if the deal closes, 3.5 times without Sky. Of course, that figure could go higher if Comcast (CMCSA) ratchets up its own $65 billion offer for Fox and Disney decides to escalate again. Moody's expects that should a ratings downgrade occur, it will be limited to one notch." Needham's Laura Martin expects that Disney will win the day, given that Fox's controlling Murdoch family will vote its 17% economic interest for the deal, which means that only 40% of remaining shareholders need to agree, where as 60% of non-Murdoch shareholders have to vote for the Comcast deal.
U.S. District Judge Richard Leon recently gave the green light to AT&T (T) to acquire Time Warner (TWX). This decision ended the lawsuit brought by the U.S. Justice Department, resulting in a major setback for the Trump administration. The deal marries AT&T Wireless, DIRECTV, and U-Verse with Time Warner’s HBO, Warner Bros., and its Turner networks—including CNN. The deal is expected to help AT&T compete with challengers such as Netflix (NFLX).
The company, which last week closed its $81 billion purchase of Time Warner Inc., scored in the top 1% of all companies analyzed for the ranking for innovation. It also was in the top 3% of companies in financial strength, another ranking category, but it was in the bottom 30% when it comes to customer satisfaction, a third category. Time Warner, a big media content producer, fell outside the top 250, at No. 283 among 693 U.S. and Canadian companies included in the research that was conducted to develop the ranking.
Among the companies with shares expected to trade actively in Thursday's session are Intel, Facebook, Micron, AT&T and Kroger.
Jun.22 -- Jennifer Fritzsche, analyst at Wells Fargo, discusses the race to 5G technology and AT&T Corp.'s focus on advertising. She speaks on "Bloomberg Markets."