Media stocks drop as another cable/supplier standoff rages

[Bob Jersey]

Disney product is off Charter/Spectrum, impacting places like NYC and LA, and hurtin' their shares... Charter off almost 3%, die Maus off just over 2%... other giants Paramount, Comcast, WBD and Fox all take a hit...

https://variety.com/2023/tv/news/disney-charter-dispute-media-stocks-fall-1235710954/ (link)

B

[Mark Jeffries]

And in his behind-pay-wall newsletter The Wake-Up today, Ankler's Sean McNulty reported that at an emergency stockholders meeting yesterday, Charter said that they told Disney that they would accept the fee increases for the major channels (ESPN and the Deuce, Disney, FX, NatGeo, Freeform), but they will not accept any more having to carry the secondary channels (Disney XD and Junior, FXM, NatGeoWild, ESPNews, etc.), that they want subscribers to get the ad tiers of Disney+ and Hulu at no extra cost because a lot of the programming is already on linear and that they want to renegotiate if ESPN attempts a direct-to-consumer service within the next two years--and as the other suppliers' contracts run out, they are going to make the same demands to every single one of them. Disney's response was basically to go to hell.

Mark Jeffries
spotl...@gmail.com

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