Rich Tullo

Walt Disney Co (NYSE: DIS) confirmed Thursday what investors expected: an agreement to acquire entertainment and media properties from Twenty-First Century Fox Inc (NYSE: FOXA). The Analyst Midtown Partners' Rich Tullo. The Thesis The combination of Disney and Fox's assets is "...

Rich Tullo of Albert Fried questioned the logic behind the potential Sirius XM Holdings Inc. (NASDAQ: SIRI) acquisition price for Pandora Media Inc (NYSE: P), questioning whether a subscription business makes sense when Sirius Satellite radio itself is successful with 25 million paid subscribers at...

Adobe Systems Incorporated (NASDAQ: ADBE) announced Thursday it has agreed to acquire TubeMogul Inc (NASDAQ: TUBE) in a deal which values the company at $14 per share. TubeMogul provides a single platform that allows brands and agencies to plan and buy video advertising across desktop, mobile,...

Rich Tullo of Albert Fried downgraded Pandora Media Inc (NYSE: P) to Underweight from Overweight on lower-than-expected quarterly earnings and outlook. Further, the company’s 3-tier strategy could drive users to competitors such as iTunes and Spotify. Revenue in the third quarter was $351...

Monday's trading session is most certainly one of the busiest in recent memory following a plethora of large M&A deals. AT&T–Time Warner AT&T Inc. (NYSE: T) announced over the weekend it plans on acquiring Time Warner Inc (NYSE: TWX) for $107 per share in a deal valued at around $...

According to reports on October 22 on Bloomberg and CNBC AT&T Inc. (NYSE: T) has agreed “in principal” to acquire Time Warner Inc (NYSE: TWX) for $85 billion or about $107 per share. Albert Fried’s Rich Tullo maintains an Overweight rating on Time Warner, while raising the...

Albert Fried & Company continues to believe Time Warner Inc (NYSE: TWX) is cheap on both a relative and an absolute basis, especially its movie business. It maintains its Overweight rating and target price of $90, which implies a potential upside of 13.5 percent. “We think TWX has two...

MSG Networks Inc (NYSE: MSGN) faces positive news flow and potential multiple expansion, Albert Fried said while upgrading the stock to Overweight from Market Perform. Albert Fried noted the potential success of the company's pending upfront ad selling season should result in better-than-expected...

Albert Fried & Company’s Rich Tullo reiterated Time Warner Inc (NASDAQ: TWX) at Overweight with a $90.00 price target. The reiteration came after Financial Times reported Apple Inc. (NASDAQ: AAPL) and Time Warner held preliminary talks “that did not rise to the level of the CFO...

Albert Fried & Company said Live Nation Entertainment, Inc. (NYSE: LYV) shares are extremely attractive as it benefits from the "demand by recording companies and artists to go on tour as a solution to thwart illegal P2P file sharing revenue losses." The company reported first...

Over the last few weeks, Pandora Media Inc (NYSE: P) shares have rallied about 11 percent from a recent low around $8.15 as of April 11 to close at $9.45 Wednesday. Traders have been anticipating the company's first-quarter results, expected out Thursday afternoon. The sell-side estimate...

Netflix, Inc. (NASDAQ: NFLX) has reportedly committed $90 million to purchase the rights to fantasy cop thriller "Bright" starring Will Smith. The big budget makes "Bright" Netflix’s largest movie deal to date. Netflix reportedly won a bidding war with Time Warner Inc...

Yahoo! Inc. (NASDAQ: YHOO) signed a deal with National Hockey League to live stream up to four NHL games per week without requiring a cable subscription or authentication. The streams kick start on March 11. Yahoo will deliver in-game highlights for each game, and will also provide condensed...

Albert Fried’s Rich Tullo maintained an Overweight rating for Pandora Media Inc (NYSE: P), with a price target of $16. Tullo believes that Pandora offers revenue growth potential. According to the NY Times, Pandora has hired Morgan Stanley to pursue a company sale. Tullo said that the...