Discovery Ends 2017 with Strong Revenue Growth; DOJ Approves Scripps Deal
Discovery posted a strong fourth quarter with revenue ahead of consensus and our expectation and EBITDA coming in above the Street projection but slightly below our more optimistic projection. Management announced that the U.S. Department of Justice has given its clearance to move forward with the Scripps deal and now expects that deal to close by the end of the first quarter pending approval from other regulators in other countries including Ireland. We are maintaining our narrow economic moat ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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