Animation Films Rock Summer and 4 Media Titans Ride Waves
AOL, Inc. (NYSE:AOL) stakes have been lowered from 5.3% to 4.9% by Starboard Value. The shares closed up $0.42 (1.64%) Friday at $25.99.
CBS Corporation (NYSE:CBS): Formerly using contractual clauses, know as “most favored nation,” guaranteeing the largest cable operator the lowest price for TV has negatively been viewed as insurance for bad negotiators, but now the clauses are being noticed by the Justice Department and are affecting online TV programs, the Wall Street Journal reports. Industry executives state that though it was originally about economic terms, digital rights in relation to the clause are now being negotiated. The shares traded up $0.06 (0.19%) recently at $31.792.
Walt Disney Co. (NYSE:DIS): DreamWorks is scheduled to release several animated movies within five weeks of each other including Madagascar 3: Europe’s Most Wanted, Pixar’s Brave, and Fox’s (NASDAQ:NWSA) Ice Age: Continental Drift. All films possess strategic box office advantages, but analysts feel as if all three cannot be smash hist because the films are cutting each other’s target demographic.
Comcast Corporation (NASDAQ:CMCSA): Comcast is receiving criticism from the Better Business Bureau following an advertising claim that the company’s Xfinity Internet service is the “fastest in the nation.” In the ads, the company uses a year old PC Magazine survey which does not include every viable DSL option.
Dish Network Corp. (NASDAQ:DISH) came to a new distribution agreement with Hoak Media and will continue to carry Hoak’s 14 stations. Los Angeles Times reports that this comes after the station owner mentioned the Dish AutoHop commercial skipping technology during a pre-deal fight. The report adds that Dish did not reveal any details about the deal nor did it mention any type of compromise reached concerning AutoHop. The shares closed up $0.56 (2.06%) Friday at $27.78.
SIRIUS XM Radio Inc. (NASDAQ:SIRI): The Wall Street Journal reports, Sirius CEO Mel Karmazin believes that if Liberty Media (LMCA) were to win Sirius XM, Liberty should pay for it. A former Sirius board member describes Karmazin as “totally preoccupied with the valuation of the company.” Also, for a second time last Monday, Sirius opposed Liberty’s petition to the FCC attempting approval to exercise effective control with a stake lower than 50%. Although that was an FCC stipulation, Sirius argues that Liberty still has not taken concrete steps for control. The shares closed up $0.01 (0.81%) Friday at $1.87.
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