When word came out that Fox (Nasdaq: FOX) agreed to a five-year deal where it would pay $550 million in the first year, with an annual 9 percent escalator (per a MoffettNathanson report), the instant reaction was that Fox overpaid. The company’s stock price fell by more than 4 percent the first day, from $38.46 to $36.90. But the stock price stabilized and went up the following day.
Anyone who collects air miles can potentially use them to book last-minute flights.You can get some help figuring out where your miles can take you with a site like UsingMiles. The site allows you to add all of your loyalty programs to your personal dashboard, at which point UsingMiles manages them for you all in the same place. But in terms of travel, search for a flight or a hotel room and the site will show you the lowest paid flights and hotel rooms as well as award availability in all of your programs.
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President Donald Trump praised both companies for the merger, believing it is best for American jobs. However, not all politicians are pleased with the decision. U.S. Rep. David Cicilline from Rhode Island's 1st congressional district, the ranking Democrat on the House Antitrust Subcommittee, expressed concerns over the transaction. He said in a statement that "Disney's proposed purchase of 21st Century Fox threatens to put control of TV, movie, and news content into the hands of a single media giant. If it's approved, this merger could allow Disney to limit what consumers can watch and increase their cable bills," he said. "Disney will gain more than 300 channels, 22 regional sports networks, control over Hulu, and a significant portion of Roku."
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