TITLE

INDUSTRY STOCKS

PUB. DATE
September 2004
SOURCE
Multichannel News;9/27/2004, Vol. 25 Issue 39, p56
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents information related to the entertainment industry stock. The shares of InterActiveCorp (IAC) dipped 7% in the three days leading to September 22, after the Internet commerce giant said two members of its board of directors would resign to eliminate any potential conflicts of interest. On September 17, Liberty Media chairman John Malone and CEO Robert Bennett said they would resign from the IAC board of directors. Lehman Bros. media analyst Vijay Jayant initiated coverage of Viacom Inc., last week, with an equal-weight rating and a $41 price target. Saying Viacom is no longer a growth stock. Jayant said stock price performance will be tied to three factors: the ability to return capital to shareholders through stock buy-backs; the advertising cycle and the relative growth/value relationship to the Standard & Poor's 500.
ACCESSION #
14552851

 

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