Disney (DIS) and Charter Communications (CHTR) have reached an agreement that will restore Disney’s channels to the cable operator’s nearly 15M subscribers, ending a blackout that lasted for more than a week, Joe Flint of Wall Street Journal reports, citing people familiar with the matter. Shares of Disney are up 2% to $83.23 while Charter is u 2% to $431.87 in morning trading.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DIS:
- Disney and Charter Reach Deal on Carriage Costs
- Box Office Battle: âThe Nun IIâ wins weekend with $32.6M debut
- Disney stock falls to nearly 10-year low, still a buy, Barron’s says
- Amazon (NASDAQ:AMZN) and NFL Unhappy With Nielson’s Decision
- Dish says Hearst demands ‘unreasonable’ as local channels removed