Media stocks had mixed results today on news of the potential blockbuster Comcast-Time Warner cable deal.
The biggest mover was Time Warner Cable itself -- up 7% on the
day to $144.76 a share. Comcast’s proposed all-stock deal is valued at $158 for the company. Comcast itself closed down 4% to $52.97 a share.
TV content companies, other TV
distributors, and TV station groups could be affected by a potential, more dominant TV and media provider, according to analysts -- one that would control 30% of all pay TV U.S. homes.
Looking at other TV providers -- cable, satellite and telco competitors to Comcast-Time Warner -- Dish Network was up 1.41% on the day closing at $58.32; DirecTV inched up 0.7% to $71.91;
Cablevision Systems closed down 2.8% to $16.41; and Charter Communications, which instigated a deal for Time Warner months ago, was down 6.3% to $128.91.
TV station groups: Sinclair
Broadcast Group climbed 4% to $27.43; Gannett Co. was unchanged at $28.18; Tribune down 0.5% to $77.45; and Media General grew 3% to $16.41.
TV content providers: CBS was up 4.5% to $64.61;
Walt Disney was virtually unchanged at $77.90; 21st Century Fox fell 1% to $32.24; Viacom inched up 0.4% to $84.72; and Discovery Communications was down 4.3% to $79.30.
companies: Netflix grew 1.8% to $436.55 and Google was up 1.1% to $1199.90."Stock Market Board" photo from Shutterstock.