Neil Macker, CFA

Neil Macker, CFA, is a senior equity analyst for Morningstar.

More From Neil Macker

The narrow-moat company posted a strong finish to fiscal 2018, driven largely by console gaming.

Comcast previously made a similarly sized offer for the Fox assets, but the Murdoch family preferred the Disney deal due to both regulatory and tax issues.

The narrow-moat firm's investment in the studio business is paying dividends.

While we still think a deal is slightly more likely than not to occur because of the insistence of Shari Redstone, CBS board members on the special committee have left themselves with a credible path to reject a deal.

CBS reportedly bids under market value for Viacom, and the deal may hinge on management team compensation.

We believe the plan is primarily focused on positioning the direct-to-consumer business under one leader while also providing greater visibility into this growing revenue stream.

We remain encouraged by the momentum in the narrow-moat firm's newer products and expect those products to help offset declining license sales in the legacy compute business.

The narrow-moat company is enjoying success with both its traditional and new distribution channels.

We've raised our economic moat rating and fair value estimate on the video game publisher as it continues to benefit from its expanded portfolio.

The deal is more likely than not to gain regulatory approval, but the acquisition of Fox's regional sports networks by the owner of ESPN could be a sticking point.

In light of the uncertainty arising from a court case, we are lowering our expectation that the merger closes from 75% to 50% and decreasing our fair value for Time Warner.

The wide-moat firm is launching two direct to consumer offerings, and think the stock offers an attractive entry point for investors.

More About Neil Macker

Neil Macker, CFA, is a senior equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers media/entertainment and video game publishers.

Before joining Morningstar in 2014, Macker was a senior equity research associate for FBR & Co., where he covered the telecommunications services sector. Previously, he was an associate equity analyst for R.W. Baird and completed the summer associate rotational program at UBS Investment Bank. Before attending business school, Macker held analytical roles at Corporate Executive Board and Nextel.

Macker holds a bachelor’s degree from Carleton College, where he graduated cum laude, and a master’s degree in business administration from The Wharton School of the University of Pennsylvania. He also holds the Chartered Financial Analyst® designation.

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