For Immediate Release
Chicago, IL – February 19, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: News Corporation NWSA, Alphabet Inc. GOOGL, TEGNA Inc. TGNA and Lions Gate Entertainment Corp. LGF.A.
Here are highlights from Thursday’s Analyst Blog:
News Corp. and Google Form 3-Year Partnership
News Corporation announced that it has entered into a historic multi-year partnership with Alphabet’s Google. Per the agreement, News Corporation will provide trusted and high-valued journalism content from its news sites around the world in exchange of significant payments from Google.
Market pundits picture the deal as a landmark development in the long-drawn conflict between media companies and online platforms over the use and value of journalism. News Corporation has long been passionate regarding this cause. The company has been demanding online platforms to pay media companies for their output.
Notably, the latest deal indicates that the tides in the media world are changing. The historic deal is likely to encourage other online platforms to rightfully compensate media and publishing companies for sharing stories and other journalism content.
As part of the three-year agreement, some of the well-known publications of News Corporation will join Google News Showcase. This includes The Wall Street Journal, Barron’s, MarketWatch and the New York Post. The company’s U.K. publications joining Google includes The Times and The Sunday Times as well as The Sun. Meanwhile in Australia, a range of News Corporation’s platforms, including The Australian, news.com.au, Sky News, as well as multiple metropolitan and local titles will be included in the Google News Showcase.
The deal also includes the development of a subscription platform and the sharing of ad revenues through Google’s ad technology services. It will also incorporate the development of audio journalism and investments in innovative video journalism by YouTube. Financial details of the deal were not disclosed.
Market sources highlight that the push by media companies to be paid by online platforms like Google to host articles is justified, as the latter have been unfairly profiting from the work of professional journalists. According to market sources, last year, Google stated that it would start licensing high-quality content from select publication companies across the world, including some from Germany, Australia, Argentina Brazil and the U.K among others. The move forms part of Google’s $1 billion initiative related to the Google News Showcase that enables news companies to share stories.
Moreover, the pact between News Corporation and Google comes amid controversies developing in Australia, where the government is considering forming regulations that will force online platforms to compensate publishing companies for news and other stories.
The deal with Google is likely to help News Corporation gain higher revenues for its digital content as well as increase online penetration. Moreover, the company expects the deal to have a positive impact upon journalism at a global scale.
Markedly, shares of this Zacks Rank #2 (Buy) company have increased 32.1% in the past three months compared with the industry’s rise of 45.2%.
Check These trending Picks
TEGNA with a Zacks Rank #2, has a trailing four-quarter earnings surprise of 19.8%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Lions Gate Entertainment, also a Zacks Rank #2 stock, has a trailing four-quarter earnings surprise of 45.9%, on average.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Zacks Investment Research
800-767-3771 ext. 9339
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
News Corporation (NWSA): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Get Free Report
TEGNA Inc. (TGNA): Free Stock Analysis Report
Lions Gate Entertainment Corp. (LGF.A): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.