Analysts Offer Insights on Communication Services Companies: Integral Ad Science (NASDAQ: IAS) and Fox (NASDAQ: FOXA)We had previously assumed the service would be neutral to EBITDA, and still believe it can scale to modest profitability relatively quickly with a healthy price point and management’s openness to partner with others in various bundles. However, without having a clearer picture of Fox’s targeted timelines for profitability, we now take a more conservative approach. All in, we remain on the sidelines given our longer-term caution around the Pay TV ecosystem and limited conviction that Fox’s DTC products – at least under the current construct – can scale earnings enough to offset the challenges ahead on linear. That said, Fox continues to execute exceptionally well across linear, has healthy momentum across streaming, and the balance sheet is uniquely positioned for flexibility and organic/inorganic opportunities. Therefore, until the market more meaningfully