Market Currents

• Sunday, October 18, 2009

• 18:12 PM Top weekend movies (last weekend's ranking in parentheses, *=new): 1) Where the Wild Things Are (TWX, *, $32.5M). 2) Law Abiding Citizen (LINTA, *, $21.2M). 3) Paranormal Activity (VIA, 4, $20.2M). 4) Couples Retreat (GE, 1, $17.9M). Comment!

• Wednesday, May 13, 2009

• 13:20 PM Nasdaq leaders: APOL +2%. DTV +1%. Laggards: LINTA -11%. STLD -11%. FLEX -10%. WYNN -9%. LAMR -9%. EXPE -8%. LVLT -8%. SHLD -7%. NVDA -7%. UAUA -7%. DISH -7%. LBTYA -6%. LOGI -6%. AMAT -6%. VMED -5%. AMLN -5%. PCAR -5%. GRMN -5%. JOYG -5%. FAST -5%. WFMI -5%. MICC -5%. EBAY -5%. FWLT -5%. Comment!

• Monday, March 16, 2009

• 11:35 AM Mel Karmazin does his first interview since Liberty Media (LINTA) gave Sirius XM Radio (SIRI) a $530M lifeline. In spite of all the doom and gloom, Karmazin says SIRI is now on the verge of living up to its early promise - of doing for radio what satellite TV did for television. Comment!

• Tuesday, February 17, 2009

• 09:05 AM It's official. Liberty Media (LINTA) will loan Sirius (SIRI) $530M in return for a 40% stake in the company, saving Sirius from bankruptcy. Liberty -3.3% premarket. Comment!
• 07:07 AM Liberty Media (LINTA) is close to finalizing a deal with Sirius XM (SIRI), covering a significant amount of Sirius' debt in return for just under half the company. An announcement could come today before markets open. Comment!

• Monday, February 16, 2009

• 16:26 PM Liberty Media (LINTA) near deal for major stake in Sirius XM (SIRI), which would save Sirius from bankruptcy. (WSJ) Comment!

• Friday, February 13, 2009

• 14:44 PM Despite the rumors of a Sirius XM Radio (SIRI) / Liberty Media Interactive (LINTA) tie-up, two analysts who cover Liberty dismiss the likelihood of the two firms striking a deal. Comment!
• 08:25 AM Sirius XM Radio (SIRI) has significantly narrowed its differences with Charles Ergen in talks over a deal to save SIRI from a bankruptcy filing, but is still considering a rival offer from Liberty Media (LINTA). More from Boorstin. Comment!

• Friday, December 26, 2008

• 14:05 PM If IAC (IACI) CEO Barry Diller wants to avoid Liberty Media's (LINTA) Chinese water torture (it sold another 334K shares Wednesday after selling 564K last week), he should return some of IAC's cash to shareholders. Comment!

• Monday, August 11, 2008

• 00:05 AM Notable earnings before Monday's open: CNO, HYGS, LINTA, PEIX, RDN, RTK, SYY, VRX Comment!

• Wednesday, July 9, 2008

• 10:28 AM NBC (GE) talks are likely to take center stage at the Sun Valley Media Conference. Sources say GE may be thinking spin-off or merger (TWX, LINTA?), in part because Vivendi can soon force GE to buy out its stake or take NBC public. Comment!