Fox Faces Analyst Downgrade Over Video Bundles

Benzinga: BTIG’s Richard Greenfield downgraded the rating on 21st Century Fox from Buy to Neutral. Greenfield believes that multichannel video bundles would inevitably shrink going forward. While the Fox broadcast network was likely to be included in a large majority of the skinnier bundles, Greenfield cautioned that there were too many cable networks “with most overearning relative to their actual value to consumers today.”