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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, the Stock Movers Report,

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg Data.

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Speaker 2: Were you going to do Medline? Did we step on

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Speaker 2: your act? No?

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Speaker 1: You did not.

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Speaker 2: Yes, it's a podcast.

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Speaker 3: We're going with Netflix, Paramounts Guide Ance, Warner Brother's Discovery.

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Speaker 3: We're in kind of all three. So yeah, Warner Brothers

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Speaker 3: Discovery right now apparently advising its shareholders to reject that

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Speaker 3: hostile takeover bid by paramount Skuidances. So then in favor

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Speaker 3: of that original agreement with Netflix. They're calling it the

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Speaker 3: Paramount offer inferior. They're saying it's inadequate. Paramounts has been

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Speaker 3: appealing directly to the Warner Brothers shareholders to buy the

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Speaker 3: entire company, Warner Brothers Board and Greek to sell streaming

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Speaker 3: studios business to Netflix. But it's this whole so ure

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Speaker 3: So is the Middle East step.

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Speaker 2: Up with the Ellosons? Is that what we're talking about.

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Speaker 4: I were advising Warner Brothers Discovery, I would say I

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Speaker 4: think I prefer the Netflix deal simply because I have

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Speaker 4: greater confidence in the equity component. For the equity component

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Speaker 4: for paramount. I've got mister Ellison saying trust me, okay,

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Speaker 4: I can trust You're the richest guy either order one

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Speaker 4: of the richest guys. I've got a lot of Mid

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Speaker 4: East money. I'm not sure if I like that. But

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Speaker 4: the pro form of companies can have a ton of

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Speaker 4: debt on it, and that's a problem as an ongoing concern.

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Speaker 4: So again I can see I can understand why the

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Speaker 4: Warner Brothers advisors and are saying, hey, let's stick with

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Speaker 4: Netflix and.

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Speaker 2: The valuation of versut off of Brian robertson Comcast. You

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Speaker 2: mentioned this the other day. You and I were weaned

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Speaker 2: on eleven and fourteen times ebadah. Yeah, and this puppy's

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Speaker 2: going for five times ebada.

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Speaker 4: If that Yep, exactly right, tom. So, the evaluations of

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Speaker 4: cable networks have really just fallen off the table, and

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Speaker 4: it's really a business that has declining, right, although I

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Speaker 4: saw last month cable subscriptions actually ticked up positive right

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Speaker 4: last month for the first time in years, And what's great,

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Speaker 4: thank you football.

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Speaker 1: Yes, you're probably right.

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Speaker 2: I used to sit in them back. They were embarrassed

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Speaker 2: by me, and mister Mays used to call upon me

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Speaker 2: first with this cowboy head out, Tom, what do you

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Speaker 2: think next?

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Speaker 3: You got it? Let's go to Frontier Group, okay u LCC.

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Speaker 3: Their share has been up as much as seven percent.

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Speaker 3: So there's news that the airline is in. These revived

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Speaker 3: talks emerge back with Spirit Aviation bankrupt you know, Spirit

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Speaker 3: so file for second bankruptcy in less than a year

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Speaker 3: in August. So they say a deal could be announced

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Speaker 3: as soon as this month. We'll see Spirit's not commenting.

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Speaker 3: Frontier has not comment Jet.

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Speaker 2: Blue and that blew up correct, See.

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Speaker 4: What I just think. I don't know how the regulators

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Speaker 4: would not support I mean you let these do companies

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Speaker 4: come together, or any of them come together.

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Speaker 2: Right right?

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Speaker 3: And they're saying if they do, if you do get

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Speaker 3: this combined Spirit Frontier, they could become the fifth largest

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Speaker 3: airline in the US based on like miles flown by

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Speaker 3: you know, by passenger paying passengers. And that moves it

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Speaker 3: ahead of Jet Blue, moves ahead of Alaska air Group.

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Speaker 3: So it kind of puts the Spirit Airlines on this.

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Speaker 4: They cover the markets that the big don't want to cover,

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Speaker 4: so the small markets.

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Speaker 3: And you got a different client, tell exactly you got.

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Speaker 4: To protect those things.

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Speaker 2: I know but this goes back to the heart of it,

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Speaker 2: Paul your you know, different cities around the country they

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Speaker 2: don't have three airports. Yeah, I mean it's a big deal.

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Speaker 2: It's not as smallsher. Can you squeeze one.

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Speaker 3: More, I'll squeeze and we'll get to the housing market.

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Speaker 3: Let's do it. Home builder Leonard l e N down

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Speaker 3: more than five percent, so they forecast first quarter orders, deliveries,

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Speaker 3: margins all below expectations. They also posted lower than expected

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Speaker 3: orders and margins for Q four and that's despite you know,

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Speaker 3: they were doing incentives, mortgage rate buydowns, you know, pushing

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Speaker 3: home deliveries up four percent. Average sales prices fell. It

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Speaker 3: also reduced it starts and salespace as part of this

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Speaker 3: recent strategy shift. But it's also dragging down you know,

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Speaker 3: companies like Dr Horton, Halti Group, Pole Brothers. Their shares

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Speaker 3: are all down about one percent this morning.

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Speaker 1: This stock mover's report from Bloomberg Radio. Check back with

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Speaker 1: us throughout the day for the latest roundup of companies

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Speaker 1: making news on Wall Street and for the latest market

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