Digest: Disney, News vote; FBN additions
EmptyDisney, News vote
A Credit Suisse analyst said Wednesday that he prefers News Corp. and Disney as investment options in the diversified media sector over Time Warner and Viacom. In a client note, Heath Terry initiated coverage on the large-capitalization media sector at "market weight," saying the sector offers average growth and return levels. Based on stock prices, the analyst rates News Corp. and Disney "outperform" and rates TW and Viacom "neutral."
Fox Business Network on Wednesday named Jeff Flock, Shibani Joshi and Connell McShane as reporters. Flock, who will be based in Chicago, spent 24 years at CNN in various capacities. Joshi, based in New York, joins from her role as a reporter covering breaking news for News 12 Westchester. McShane, also based in New York, was with Bloomberg Television.