FOX News Channel Launches New Political Analysis Show (Revised)

Media giant, Twenty-First Century Fox, Inc.’s (NASDAQ:FOXA) FOX News Channel (FNC) has roped in the services of The Five’s Dana Perino and digital politics editor Chris Stirewalt to host a new political analysis show called “Perino & Stirewalt: I’ll Tell You What”.

FOX News Channel subscribers can watch this new show live from Sunday, Sep 18, 2016 at 5 P.M. The show will run through presidential election ending Nov 13, 2016. Both Dana Perino and Chris Stirewalt host a weekly podcast of the same name. They will try to combine political discussion with analysis during the election season. Moreover, a rotating panel will join both the co-hosts to give their views on the 2016 election race.

With couple of months left for the Presidential election this show will help in boosting FOX News Channel ratings. Fox News has been doing exceptionally well in the recent past. The channel has topped the rating chart for the week of Sep 5-11. The channel was watched by 1.29 million viewers in the previous week, making it the most watched channel among all of the cable.

The Zacks Rank #3 (Hold) company’s Cable Network Programming has been driving its performance owing to rising affiliate fees. Affiliate fees are the dominant sources of revenue for the Cable Network segment as well as a major contributor to total revenues. The company said that the pace of affiliate fees will accelerate in the back half of the fiscal year as 15–20% of its domestic subscribers will be up for annual renewal in a couple of years.

However, the major concern is a 15% rise in expenses in fourth-quarter fiscal 2016 which was mostly due to hiked sports programming costs due to soccer rights costs at FNG International as well as Major League Baseball and streaming rights costs at the RSNs. The company expects costs at Cable Network to go up in fiscal 2017.

Stocks to Consider

Better-ranked stocks worth considering include Cable ONE, Inc. (NYSE:CABO) , Liberty Broadband Corporation (NASDAQ:LBRDA) and Media General, Inc. (NYSE:MEG) . Both Cable ONE and Liberty Broadband sport a Zacks Rank #1 (Strong Buy) while Media General carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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(We are reissuing this article to correct a mistake. The original article, issued on Sep 14, 2016, should no longer be relied upon.)