This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Discovery Buys 12 TV Networks in $1.7B Deal: Hot Trends

Stocks in this article: DISCA YHOO LEAP PCS

NEW YORK ( TheStreet) -- Popular searches on the Internet include Discovery Communications (DISCA) as the company has reached a deal to buy 12 TV networks in Nordic countries in a $1.7 billion deal.

Discovery reached the deal with German TV company ProSiebenSat.1 Group for its SBS Nordic operations. The parent of the Discovery Channel said the deal, which gives the company networks in Norway, Sweden, Denmark and Finland, will expand its presence in the Nordic markets. The deal will also enhance its brand portfolio, giving it general entertainment, scripted and sports programming to its offerings for the first time. Discovery will also receive 19 radio stations.

The deal is expected to close in early 2013 and is subject to regulatory approval.

Discovery also announced its board approved a $1 billion increase to its stock repurchase program.

Yahoo! (YHOO) is trending as the search engine has signed a deal with security firm AVG Technologies NV.

AVG creates search technology as well as antivirus and security software for computers and mobile devices. As a result of the "search and distribute" agreement with Yahoo!, AVG will offer users a choice of Yahoo! search algorithms when listing its "secure search" products. AVG Secure Search customers will also be able to choose Yahoo! as their preferred search engine.

The two companies claim the search results AVG Secure Search will display will be better because of the agreement.

AVG has more than 143 million users. Its Secure Search product helps protect a user's computer when using the Internet by alerting them to dangerous Web sites and protecting their identity and personal information.

Leap Wireless (LEAP) and MetroPCS (PCS)are other popular searches. The wireless carriers are now offering mobile phone financing programs.

The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.

-- Written by Brittany Umar.

Brittany joined TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs