ADVFN - Advanced Financial Network.
HOME» NASDAQ » N » NFLX Stock Price » NFLX Stock News

Netflix Share News

 Netflix (mm) Stock Price
NFLX Stock Price
 Netflix (mm) Stock Chart
NFLX Stock Chart
 Netflix (mm) Stock News
NFLX Stock News
 Netflix (mm) Company Information
NFLX Company Information
 Netflix (mm) Stock Trades
NFLX Stock Trades

News Corp.'s Carey: May Consider Further Share Buybacks

By William Launder Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- News Corp. (NWS, NWSA, NWS.AU) will likely consider a new share-repurchase plan aimed at boosting a "woefully undervalued" share price, Chief Operating Officer Chase Carey said Tuesday. "If things look like they do today, we expect another buyback to make sense," Carey said at an investor conference, echoing comments he made on the company's earnings call earlier this month. Carey said Tuesday that the decision would be made by News Corp.'s board following the completion of its current $5 billion repurchase program. It had acquired $2.7 billion of its own class A shares through Feb. 7. News Corp. Class A shares were up 2 cents Tuesday at $19.51; the shares have gained 12.3% over the past 12 months. News Corp. owns this newswire and The Wall Street Journal. News Corp. last year initiated the $5 billion repurchase plan following its thwarted bid to acquire an outstanding stake in British Sky Broadcasting Group PLC (BSYBY, BSY.LN.). Carey said News Corp. also could use some of its excess cash to acquire smaller companies, although News Corp. is focused on organic growth. Within News Corp.'s operating business, Fox's television network remains on track to book a $1 billion operating profit in its television segment for the 2013 fiscal year, Carey said. He conceded that Fox hit "American Idol," which has seen its ratings slide of late because of new competition from programs like NBC Universal's "The Voice," required additional attention in its 11th season. "It's a show where we think we can and should provide some fresh energy. We probably haven't found that yet this season," Carey said. Meanwhile, the advertising market remains "solid" during the quarter, as cash-rich corporations deploy more advertising dollars to grow their businesses. Carey predicted rising competition in the new market for streaming digital content and said digital distributors ranging from Netflix Inc. (NFLX) to Hulu, which is owned in part by News Corp., will help drive demand for News Corp.'s content. "The digital arena is going to open up new areas of growth. I don't think its bad for our core business," Carey said. -By William Launder, Dow Jones Newswires; 212-416-3412; william.launder@dowjones.com

Stock News for Netflix (NFLX)
DateTimeHeadline
08/27/201417:46:22TECH STOCKS: Facebook Leads Tech Stocks Lower
08/22/201416:27:06TECH STOCKS: Salesforce, GameStop Lead Tech Stocks
08/18/201416:54:38TECH STOCKS: Apple, Netflix Help Tech Stocks Start Week With...
08/18/201412:03:10TECH STOCKS: Apple, Netflix Among Tech Stocks On The Rise
08/14/201418:40:19Icahn Discloses New Stake in Gannett
08/11/201417:10:47TECH STOCKS: Priceline Among Gainers As Tech Stocks Rally
08/08/201416:35:08TECH STOCKS: Nvidia's Gains Stand Out Among Tech Stocks
08/07/201417:20:32TECH STOCKS: Tech Sector Ends Day In The Red
08/07/201416:50:57MARKET SNAPSHOT: Dow Drops To Close At 3-month Low
08/07/201416:28:55MARKET SNAPSHOT: U.S. Stocks Fall As Investors Seek Treasurys...
08/07/201411:55:38TECH STOCKS: Tech Stocks Try To Cling To Early Gains
08/06/201416:46:17TECH STOCKS: Groupon, Sprint Losses Stand Out Among Tech
08/06/201410:46:39TECH STOCKS: Groupon Slumps After Earnings
08/05/201419:06:16TECH STOCKS: Yahoo 'materially Undervalued,' Says UBS
08/05/201411:29:49TECH STOCKS: Tech Stocks Trying To Shake Off Losses
08/01/201416:35:13TECH STOCKS: LinkedIn, Expedia Rise In Otherwise Weak Tech Session
07/29/201416:39:57TECH STOCKS: Tech Stocks Ease Ahead Of Twitter Earnings
07/29/201411:26:21TECH STOCKS: Tech Stocks Gain Ahead Of Twitter Earnings
07/28/201416:32:27TECH STOCKS: Zillow's $3.5 Billion Trulia Buy Leads Tech Action
07/22/201411:06:33TECH STOCKS: Apple, Microsoft On The Rise With Earnings On Tap

Netflix and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad