Fox (FOXA) Stock Up, Launching Nationwide Prime-Time Live Streaming
NEW YORK (TheStreet) -- Shares of Twenty-First Century Fox (FOXA) - Get Report are up 0.52% to $27.84 in afternoon trade after the company started a service to stream its prime-time entertainment programming across the U.S.
Fox will become the first broadcaster in the U.S. to live-stream its prime-time programming onto digital platforms.
Viewers can stream content on Fox's website, or on the Fox Now app.
The service will begin tonight, with "So You Think You Can Dance: The Next Generation" at 8 p.m.
Sports programming will not be part of the live-streaming program.
"Adding nationwide prime-time live streams is just another great example of how the Fox Digital Consumer Group... is innovating to give viewers the convenience and flexibility to watch our programming whenever and wherever they want," said Fox CEOs Dana Walden and Gary Newman in a statement.
Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C+.
The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations.
However, as a counter to these strengths, TheStreet Ratings also finds weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk.
You can view the full analysis from the report here: FOXA
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.