News Corp. WINS Suit and 4 Media Titans Making Waves
AOL, Inc. (NYSE:AOL): AOL, Inc., (NYSE:AOL) Chief Executive Officer, Tim Armstrong, will announce the appointment of the company’s new Chief Marketing Officer, Jolie Hunt, formerly Global Head of Brand and Public Relations at Thomson Reuters (NYSE:TRI). In addition to her appointment, AOL is going to make a strategic shift toward promoting their stable of brands. Their shares traded down $0.07 (0.25%) recently at $27.92.
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Netflix, Inc. (NASDAQ:NFLX): “TV Everywhere,” an initiative to let cable TV subscribers watch content online, via computers and mobile devices, has struggled to gain traction as the media industry toils to reach an agreement over how to put content on the Web. Their shares traded down $1.18 (1.42%), they were recently at $81.80.
Dish Network Corp. (NASDAQ:DISH): Wells Fargo believes that DISH’s stock has reached an attractive entry point, and that various bear theories about the company are incorrect. The firm sees no evidence that DISH Chairman Charlie Ergan plans to build a wireless spectrum on his own, and Wells anticipates that AT&T (NYSE:T) could potentially acquire DISH’s spectrum. The firm maintains an Outperform rating on their stock. Shares traded up $1.16 (4.20%), they were recently at $28.78.
News Corp. (NASDAQ:NWSA): According to the Herald Sun, an Australian court ruled in favor of a News Corp. (NASDAQ:NWSA) unit, meaning that News Ltd can claim $2B in tax deductions. The shares traded up $0.40 (1.85%), they were recently at $22.25.
Viacom, Inc. (NYSE:VIA): Analysts at Bank of America are not in agreement with their ratings on two media giants, Disney (NYSE:DIS) and Viacom (NYSE:VIA). The “House of Mouse,” has a Buy rating, since it has “more room to run,” while Viacom’s rating comes down to Neutral. The shares traded up $0.35 (0.72%), they were recently at $49.19.
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