3 Media Titans Making Waves
AOL, Inc. (NYSE:AOL) shareholders are being encouraged by Lewis to vote for one of three board members put up by activist investor Starboard, and Lewis turns away AOL’s claims of Starboard wanting to break up AOL as “at best, histrionic, and patently misrepresentative.” Days ago, ISS recommended that investors support two of three Starboard nominees. Shares of AOL traded down 1.42% ($0.39) recently at $27.00.
Don’t Miss: Netflix’s SEXY New Technology.
Netflix, Inc. (NASDAQ:NFLX): Following Netflix’s news that it will employ its own Internet content delivery network (or CDN), other CDNs are dropping—including Akami (NASDAQ:AKAM) and Limelight Networks (NASDAQ:LLNW). Netflix’s network, titled Open Connect, allows ISPs to acquire Netflix video data straight from the Internet video provider, the compnay reported. Netflix shares traded down $0.36 (0.55%) recently at $64.638.
CBS Corporation (NYSE:CBS): The Wall Street Journal writes that bankers are looking into interest in CBS’s outdoor advertising business, including contacting private-equity firms about CBS Outdoor. CBS would like this ad space-selling unit will draw up to $6B.
Don’t Miss: Here’s How Facebook’s Ad Model is FAILING!
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