Last week top Wall Street analysts at MoffettNathanson initiated coverage on “New Fox” with a Buy. “Our thesis is based on the belief that the slimmed down combination of Fox News and the Fox Broadcasting Network creates an unrivaled pair of must-have live sports and news that is set up for industry-leading top line growth for years to come,” Senior Analyst Michael Nathanson reasoned.
On Monday, the company published a 10-Q that at first glance contained a red flag.
What does the respected financial analyst have to say now?
