Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexCryptocurrenciesCybersecurityPress Releases

Communications Services Up Amid Deal Activity - Communications Services Roundup

08/15/2022 | 03:15pm EDT

Communications services companies rose amid deal activity.

Walt Disney shares rose after activist investor Dan Loeb's Third Point firm bought a significant stake in the entertainment conglomerate, calling on Disney to buy the rest of Hulu, explore spinning off ESPN and refresh its board. Mr. Loeb's firm liquidated a large Disney stake earlier this year.

Paramount Global rose after the production giant's streaming arm Paramount+ struck a deal with Walmart, which will offer the service as a perk to participants in its membership program.

HBO is set to cut about 70 staffers, or 14% of its workforce, mostly at streaming service HBO Max, as parent Warner Bros Discovery looks to trim costs.

Nexstar Media Group agreed to buy majority control of the CW Network and said it would overhaul the programming of the youth-centric broadcast network to cater to an older audience.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

08-15-22 1715ET

Stocks mentioned in the article
ChangeLast1st jan.
NEXSTAR MEDIA GROUP, INC. -2.02% 175.88 Delayed Quote.18.90%
PARAMOUNT GLOBAL -3.35% 20.17 Delayed Quote.-33.17%
WALMART INC. -2.50% 130.06 Delayed Quote.-7.81%
WALT DISNEY COMPANY (THE) -2.60% 99.5 Delayed Quote.-34.04%
Latest news "Economy & Forex"
10:19aPhilippine stock exchange suspends Monday trading as typhoon hits capital
RE
10:10aCourbit-led group offers 20 euros a share for M6 stake - Bloomberg News
RE
09:51aBritain still seeking negotiated solution with EU on Northern Ireland - PM Truss
RE
09:49aIndia's flex aims to invest $110 mln in chemical project in egyp…
RE
09:35aDamage to Canada from storm Fiona is 'unprecedented'
RE
09:29aCanada's emergency preparedness minister says scale of damage, c…
RE
09:29aCanada's emergency preparedness minister says it will take sever…
RE
09:24aBRITISH PM TRUSS : don't listen to Putin's sabre-rattling on Ukraine
RE
09:11aStorm ruins hot spring hotel in southern Japan
RE
09:00aWall St Week Ahead-Investors wonder when vicious sell-off in U.S. stocks will end
RE
Latest news "Economy & Forex"