Disney, Netflix and Google Shaking Up Operations

Walt Disney Co. (NYSE:DIS): Disney has announced a restructuring of its ESPN unit with the promotion of George Bodenheimer to the role of Executive Chairman. Content VP John Skipper will replace Bodenheimer as the unit’s President. ESPN has driven major growth for Disney, and was crucial in the strong showing of its Media Networks division in FQ4. DIS shares recently traded at $33.62, down $0.4, or 1.18%. They have traded in a 52-week range of $28.19 to $44.34. Volume today was 3,254,412 shares versus a 3-month average volume of 13,374,400 shares. The company’s trailing P/E is 13.34, while trailing earnings are $2.52 per share. Get the most recent company news and stock data here >>

Netflix, Inc. (NASDAQ:NFLX): Netflix continues to trade lower after proffering $400M in bond/stock sales, and projecting a loss in 2012. Until more light is shed on the ROI Netflix will gain from its investments, Morgan Stanley expects shares to stay “volatile and range-bound.” Morgan Keegan worries about the possibility of more negative risk to Q4 subscriber estimates. NFLX shares recently traded at $70.08, down $0.37, or 0.53%. They have traded in a 52-week range of $68.42 to $304.79. Volume today was 3,736,530 shares versus a 3-month average volume of 9,488,200 shares. The company’s trailing P/E is 15.93, while trailing earnings are $4.40 per share. Get the most recent company news and stock data here >>

Google Inc. (NASDAQ:GOOG): Samsung (SSNLF.PK) is in the final stages of planning with Google to introduce a TV next year, which will use Google software to enable users to surf the Web, use social networks and check e-mail. Samsung has hopes that the device will help it avoid deteriorating prices. GOOG shares recently traded at $572.94, down $7.06, or 1.22%. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 1,211,642 shares versus a 3-month average volume of 3,185,360 shares. The company’s trailing P/E is 19.53, while trailing earnings are $29.34 per share. Get the most recent company news and stock data here >>

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