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Bank of America downgraded Fox stock over future NFL rights deals

Don CT

Don CT

awfulannouncing.com

Bank of America says Fox overexposed to NFL rights fees, downgrades stock

Bank of America analysts say Fox is overexposed to impending NFL rights fee increases, and have downgraded its stock.
awfulannouncing.com awfulannouncing.com
Analysts at Bank of America issued a research note on Wednesday outlining how the NFL is the “linchpin” holding the cable bundle together. That suggestion is far from breaking news; NFL rights are the very thing that has driven the value of retransmission fees for legacy broadcast networks like CBS, Fox, NBC, and ABC for years. But what is concerning for this cohort is the prospect of paying significantly more for the NFL at a time when the linear television business is in terminal decline.
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