Scalper1 News
What cable channels make the cut and are included in Apple’s (AAPL) expected Web TV service could take on more significance after the recent sell-off in media and entertainment stocks. Apple, it’s widely reported, has been in talks with programmers to offer a slimmed-down bundle of TV networks. While Apple is said to be keen on including live broadcast networks NBC, ABC, CBS and Fox, its plans for cable TV channels remain unknown. UBS analyst Doug Mitchelson, in a research report Tuesday on Discovery (DISCA), calls Apple’s Web TV launch a wild card for cable channels. Discovery is perhaps best known for its popular “Shark Week” programming, but Discovery stock is down nearly 35% in the past year as the pay-TV and video content industry goes through a transition, with more viewers moving to Internet services and dropping cable services, or cutting the cord. Scalper1 News
Scalper1 News