TITLE

Three Key Funds Cut Back on Cable Stocks

AUTHOR(S)
Farrell, Mike
PUB. DATE
November 2005
SOURCE
Multichannel News;11/28/2005, Vol. 26 Issue 49, p51
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the decision of several media funds to purchase stocks in new-media companies such as Yahoo Inc. and Google Inc. over cable stocks according to the U.S. Securities and Exchange Commission. Capital Research & Management has dumped its shares in cable operators and programmers to increase its holdings in telephone companies and in Yahoo and Google. Janus Capital Management has increased its holding in Sprint by 2.58 million shares. The decision of media funds has an impact on the performance of cable stocks in 2005.
ACCESSION #
19046374

 

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