The headline number is $22 billion of enterprise value. The number that decides whether this works is the multiple. Fox is paying roughly 4.6 times trailing sales for Roku and funding part of it by issuing equity the market prices at about 1.5 times its own sales. That spread runs in the wrong direction, and it is the whole reason Fox became the worst performer in the S&P 500 … [Read more...] about Fox’s $22B Roku Deal: 4.6x Sales, Paid in 1.5x Stock
Reports
Tuesday Open: AI Earnings Engine Holds the Line as Iran Overhang Fades to Noise
U.S. equity markets return Tuesday from the Memorial Day break with the Dow Jones Industrial Average and the S&P 500 Equal Weight index both sitting at all-time highs, extending a rally that has persistently defied the macro headwinds that, on paper, should have broken it months ago. The short version: artificial intelligence earnings growth has been large enough and consistent … [Read more...] about Tuesday Open: AI Earnings Engine Holds the Line as Iran Overhang Fades to Noise
China’s U.S. Treasury Holdings: The Great Repositioning (2021–2025)
This infographic illustrates the significant shift in China's holdings of U.S. Treasury securities over the four-year period from December 2021 to December 2025. Executive Summary: The Great Repositioning China has executed an unambiguous and sustained reduction in its exposure to U.S. federal debt. While China remains a top-tier creditor, the data shows a clear pivot … [Read more...] about China’s U.S. Treasury Holdings: The Great Repositioning (2021–2025)
Infographic: Why the 2025 CIPA Data Proves the APS-C Renaissance is Real
The infographic is summarizing the 2025 CIPA data for interchangeable lens shipments. Here is a breakdown of the key findings illustrated in the image: The Crop Lens Revival: Data shows that APS-C and smaller sensor lenses accounted for 54.9% of shipments. While this segment saw growth in units (up 9%) and value, full-frame lenses experienced a decline in both. The … [Read more...] about Infographic: Why the 2025 CIPA Data Proves the APS-C Renaissance is Real
How WiFi Changed Media
The wire did not disappear quietly. It was displaced by a standard nobody outside engineering circles had heard of, ratified in 1997 under the designation IEEE 802.11, and branded for consumer markets two years later as WiFi. The consequences for media — how it is produced, distributed, consumed, and monetized — have been total. Before wireless local networking, digital … [Read more...] about How WiFi Changed Media
