CBS ADMIRES Netflix and 4 Media Titans Making Waves
AOL, Inc. (NYSE:AOL) CEO Tim Armstrong states that a merger between AOL and Yahoo (NASDAQ:YHOO) has not been discussed with Yahoo’s new CEO, Marissa Mayer, according to Business Insider. Armstrong states that they have discussed their companies’ ad deal. The shares traded up $1.11 (3.35%) recently at $34.20.
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Netflix, Inc. (NASDAQ:NFLX): CBS CEO Moonves stated, “We love what Netflix is doing.” The shares traded down $0.09 (0.16%) recently at $57.07.
Walt Disney Co. (NYSE:DIS): Prime Focus World, responsible for the creation of the special effects for “Avatar,” “Harry Potter,” along with various other Hollywood blockbusters, could possibly make a bid for Digital Domain Media Group, which filed for bankruptcy protection yesterday, according to sources, reports Reuters. The shares traded up $0.16 (0.31%) recently at $51.72.
News Corp. (NASDAQ:NWSA): Dow Jones, which is a News Corp unit, and TheStreet (NASDAQ:TST) were some parties in initial contact regarding a possible deal with The Deal LLC, according to the Wall Street Journal, citing sources. Since then, News Corp has dropped out, the sources state. The shares traded down $0.20 (0.82%) recently at $24.15.
SIRIUS XM Radio Inc. (NASDAQ:SIRI) CEO Mel Karmazin stated that he believes that Liberty Media (NASDAQ:LMCA) will replace the Sirius’ board if it accomplishes its takeover, according to the Wall Street Journal. He also stated, “My instincts today are that Liberty does not need me at the company.” Karmazin claims that he would take remaining on the board into consideration if Liberty makes the decision to spin its stake off to investors. The shares traded down $0.08 (3.00%) recently at $2.42.
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