Viacom Inks Deal With BestTV and 3 Media Titans Making Waves
Netflix, Inc. (NASDAQ:NFLX): Current price $102.40
Analysts surveyed by FactSet estimate that Netflix, Inc. will post a loss of 12c a share on $935 million in revenue for the quarter that ended this past December. In the same period in 2011, Netflix earned 73c a share on revenue of $876 million.
News Corp. (NASDAQ:NWSA): Current price $27.33
According to the Wall Street Journal, prosecutors in the United Kingdom said that they are charging a former police officer, and a journalist from News Corp.’s (NASDAQ:NWSA) Sun tabloid as part of a bribery probe, focusing on the media’s alleged attempts to pay public officials for information. The Crown Prosecution Service said that they are charging Paul Flattley, a former officer with the Metropolitan Police, and Virginia Wheeler, a journalist at the Sun, Britain’s best-selling newspaper, with “conspiracy to commit misconduct in public office.”
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Viacom, Inc. (NYSE:VIA): Current price $61.66
According to Xinhua, Viacom, Inc.’s Paramount Pictures has signed a deal to give the rights to their top movies to China’s BestTV, which will broadcast the movies on the Internet in China.
SIRIUS XM Radio Inc. (NASDAQ:SIRI): Current price $3.1350
Three directors have stepped down from the board of Sirius XM Radio Inc. A shake-up in the boardroom was not unexpected, given that Liberty Media recently gained control over Sirius. Liberty had been buying shares of Sirius for months and disclosed in a filing Tuesday that they own 50.2% of the satellite firm. Resigning from their board seats were Leon Black, Lawrence Gilberti and Jack Shaw. Several weeks ago, Mel Karmazin resigned from the board and stepped down as Chief Executive Officer.
Investing Insights: International Gaming Technology Rally Already Fading.