ON SEMICONDUCTOR CORPORATION

(ON)
  Report
Real-time Estimate Cboe BZX  -  05/17 10:52:14 am EDT
56.94 USD   +3.25%
05/13NORTH AMERICAN MORNING BRIEFING : Tech Futures -2-
DJ
05/12NIO Selects High-Efficiency Silicon Carbide Traction Power Modules from onsemi; Latest silicon carbide (SiC)-based VE-Trac modules provide next-generation electric vehicles with longer range, higher efficiency and faster acceleration
AQ
05/12WALL STREET STOCK EXCHANGE : A new era of sobriety
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

DirecTV to drop far-right channel OAN from its service

01/15/2022 | 06:30am EDT
FILE PHOTO: DirecTV satellite dishes are seen on an apartment roof in Los Angeles

(Reuters) - U.S. satellite broadcaster DirecTV said on Friday it will drop far-right channel One America News (OAN) from its service when its contract expires, in a blow to the popular news network.

OAN, which rose to prominence amid the triumph and tumult of the administration of then-President Donald Trump, has been criticized for spreading conspiracy theories about the COVID-19 pandemic and the 2020 election.

"We informed Herring Networks that, following a routine internal review, we do not plan to enter into a new contract when our current agreement expires," a DirecTV spokesperson said in an emailed statement to Reuters.

AT&T has a 70% stake in DirecTV, after last year spinning off the satellite service, now an independently managed company. The U.S. telecommunications company entered into a deal with Herring Networks Inc in 2017, which included OAN and a little-watched lifestyle channel, AWE. DirecTV began carrying the networks in April that year.

OAN and Herring Networks could not immediately be reached for comment outside business hours.

AT&T has been a crucial source of funds for OAN, providing tens of millions of dollars in revenue, a Reuters investigation found last year. Ninety percent of OAN's revenue came from a contract with AT&T-owned television platforms, including DirecTV, according to 2020 sworn testimony by an OAN accountant.

DirecTV's contract expires in early April, according to Bloomberg News, which earlier reported the development.

(This story corrects AT&T's ownership stake in para 4)

(Reporting by Bhargav Acharya and Jahnavi Nidumolu in Bengaluru; Editing by William Mallard)


© Reuters 2022
All news about ON SEMICONDUCTOR CORPORATION
05/13NORTH AMERICAN MORNING BRIEFING : Tech Futures -2-
DJ
05/12NIO Selects High-Efficiency Silicon Carbide Traction Power Modules from onsemi; Latest ..
AQ
05/12WALL STREET STOCK EXCHANGE : A new era of sobriety
05/12Wells Fargo Upgrades ON Semiconductor to Overweight From Equalweight, Adjusts Price Tar..
MT
05/12ANALYST RECOMMENDATIONS : Albemarle, American Express, Electronic Arts, On Semi, TD Bank....
05/11Onsemi - New device offers 60% smaller packaging, enhanced performance and reduced loss..
AQ
05/11NIO Selects High-Efficiency Silicon Carbide Traction Power Modules from onsemi
BU
05/11NIO Inc. Selects High-Efficiency Silicon Carbide Traction Power Modules from onsemi
CI
05/03Mizuho Securities Adjusts ON Semiconductor's Price Target to $68 From $65, Maintains Bu..
MT
05/02Morgan Stanley Adjusts ON Semiconductor's Price Target to $60 from $68, Keeps Equalweig..
MT
More news
Analyst Recommendations on ON SEMICONDUCTOR CORPORATION
More recommendations
Financials (USD)
Sales 2022 7 995 M - -
Net income 2022 2 077 M - -
Net Debt 2022 316 M - -
P/E ratio 2022 11,9x
Yield 2022 -
Capitalization 23 963 M 23 963 M -
EV / Sales 2022 3,04x
EV / Sales 2023 2,71x
Nbr of Employees 31 650
Free-Float 71,4%
Chart ON SEMICONDUCTOR CORPORATION
Duration : Period :
ON Semiconductor Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ON SEMICONDUCTOR CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Last Close Price 55,15 $
Average target price 72,44 $
Spread / Average Target 31,4%
EPS Revisions
Managers and Directors
Hassane El-Khoury President, Chief Executive Officer & Director
Sam Thad Trent Chief Financial Officer, Treasurer & Executive VP
Alan Campbell Director
Johannes M. C. Stork Chief Technology Officer & Senior Vice President
Wei-Chung Wang Executive VP-Global Manufacturing & Operations
Sector and Competitors
1st jan.Capi. (M$)
ON SEMICONDUCTOR CORPORATION-18.80%23 963
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED-15.45%452 659
NVIDIA CORPORATION-41.30%432 293
BROADCOM INC.-12.43%237 893
INTEL CORPORATION-16.35%176 140
TEXAS INSTRUMENTS-10.60%155 380