21st Century Fox Stock Takes A Hit After Fox’s $3B ‘Thursday Night Football’ Deal

UPDATED at 2:40PM PT with new analyst reaction. After the close of trading, MoffettNathanson analyst Michael Nathanson issued a report contending the market’s reaction was not justified. “While the price tag on Thursday Night Football seems high, this is a clear indication that ‘New Fox’ is putting its money where its mouth is and sticking to the plan,” he wrote. Fox shares, especially the implied value of the “New Fox” piece to be left after the Disney deal, are “still…
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