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$NWS $NWSA said in News and Information Services revenue for 3Q16 declined $122MM or 9% versus the prior year period. News and Information Services reported a segment EBITDA loss of $187MM. Excluding the News America Marketing settlement charge, segment EBITDA in 1Q16 would have been a positive $93MM, a decline of 18% compared to the prior year.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.