Sony Corp. (NYSE:SNE): Sony has worked out an agreement with Viacom (NYSE:VIAB) that will see its shows incorporated into a new online TV service that it’s developing, The Wall Street Journal says. A content deal with Viacom could give Sony a needed edge as it races some of its more heavyweight rivals in offering consumers a viable Internet TV service, according to Seeking Alpha. Sony is also reportedly talking to Disney and CBS, which, if a deal is struck, would give Sony’s online TV service an entry into sports along with a huge amount of programming.
SiriusXM Radio Inc. (NASDAQ:SIRI): Shares of Sirius are trading down slightly as the company announced its purchase of the unit of Agero that offers connected vehicles services to complement its development in the technology. The deal, worth $530 million, is set to close in the fourth quarter. The terms are all cash.
Walt Disney Co. (NYSE:DIS): Shares of Disney are trading lower despite a report indicating that ESPN could be more valuable than some projections have it pegged for, according to The Atlantic. A “pencil-on-napkin estimate” of ESPN’s $5 per month fee per cable subscriber, the pay-TV base, and advertising revenue levels lead to a $40 billion to $60 billion valuation, greatly overshadowing the valuation of incumbent media companies like The New York Times or CBS.