IMAX Corporation (IMAX) is doing pretty darn good in today's session. At the time of this writing, shares were up over 8% to $14.43, good for a new 52-week high. Headlines on Tuesday proclaimed the intention of Discovery Communications Inc. (DISCA), Sony Corporation (SNE), and IMAX to join forces for purposes of launching a 3-D television asset. I'm sure that must have intrigued not a few in the market.

In addition to that, though, I think there is a general bullish feeling forming on IMAX. I was surprised to read over at Benzinga.com that CNBC's Fast Money analyst Guy Adami highlighted the company as a potential pick for the entire decade! Now that's bullish.

Continue reading IMAX Is Rocking -- Buy or Sell into Strength?

IMAX Is Rocking -- Buy or Sell into Strength? originally appeared on BloggingStocks on Tue, 05 Jan 2010 18:00:00 EST. Please see our terms for use of feeds.

Oprah Winfrey, arguably the most powerful woman in entertainment (if not the world in general), is preparing to pack her luxurious bags. She's announced that in 2011, after a quarter-century of favorite things and heartfelt interviews, "The Oprah Winfrey Show" will be no more. The last program is scheduled for Sept. 9, 2011. One can only imagine who might be her guests.

In syndication across the country, Oprah's eponymous program is the top-rated U.S. daytime show (take that, Days of Our Lives!), with an average viewership of 7.1 million this year.

While not entirely unexpected, the news is likely a bit of a blow to CBS Corporation (CBS), as its CBS Television Distribution arm syndicates the program. Additionally, Walt Disney (DIS) might feel the sting of an Oprah departure as Disney-owned ABC is the primary network that airs the show. And will it impact O, Oprah's monthly magazine published by the Heart Corporation? To say nothing of all of the manic women in the audience who long for a chance at one of Oprah's favorite things.

Continue reading Oprah to pull the plug in 2011

Oprah to pull the plug in 2011 originally appeared on BloggingStocks on Fri, 20 Nov 2009 10:30:00 EST. Please see our terms for use of feeds.

Hasbro's top line contracted 2%, and earnings per share, even with some dilution from a joint venture with Discovery Communications (NASDAQ: DISCA) and investments in Hasbro's virtual-studio initiative, increased 11% to 99 cents. Expectations were beat by six pennies. Gee, that was better than Mattel's performance. The maker of Barbie actually saw a per-share earnings decline and came in line with forecasts.

Continue reading Wall Street didn't want to play with Hasbro after Q3 results

Wall Street didn't want to play with Hasbro after Q3 results originally appeared on BloggingStocks on Mon, 19 Oct 2009 15:00:00 EST. Please see our terms for use of feeds.

Discovery Communications, which owns the Discovery Channel and Animal Planet, hopes to turnaround its failed efforts to get a foothold on the Internet by buying the popular website HowStuffWorks.com for $250 million, according to the Wall Street Journal. Discovery will use this popular base to make its library of videos more easily available to the public.

HowStuffWorks.com, a privately held company whose best known owner is investor Carl Icahn, was founded by Marshall Brain in 1998. Brain is a university professor in North Carolina. He built the audience for the site by analyzing what people were searching for on the Internet and creating content to answer those queries.

In addition to HowStuffWorks.com, the purchase will include several other digital properties including a map database, which are not yet profitable. Discovery hopes that by controlling a website that already gets 3.8 million unique U.S. users each month it will have more success drawing Internet users to its online content. Chief Executive David Zaslav, who has been redesigning Discovery in his own image since taking over in January, told the Journal he believes this acquisition will give Discovery the "online firepower" it's been lacking.

Discovery to buy HowStuffWorks.com originally appeared on BloggingStocks on Mon, 15 Oct 2007 13:15:00 EST. Please see our terms for use of feeds.

Discovery throws down some green for TreeHugger.com originally appeared on BloggingStocks on Thu, 02 Aug 2007 09:40:00 EST. Please see our terms for use of feeds.