Internet
"I'd rather them not try to nickel and dime the site," says Darren Chervitz of Jacob Asset Management, which owns News Corp. shares. "If there is a way for MySpace to generate additional revenue without alienating its user base, I as a News Corp. shareholder would love to see that."
Investors likely will give News Corp. time to work on the project, being that its shares are up 18% this year. It easily has outperformed big media rivals Time Warner (TWX) and Viacom(VIA), which both have fallen 8%. News Corp. also has outshined big-cap Internet stocks, including Google, Yahoo!(YHOO) and Amazon.com(AMZN). "It is, of course, a fine line," says Lanctot, who does business with MySpace, of the plan to pursue ad dollars. "Do you charge an established record company, but not an indie band? How about an independent label?"TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo 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.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,435.57 | 1,316.94 | 2,830.09 | 15.81 |
Oil *
102.12
|
|
UP
15.71 |
UP
3.62 |
DOWN
7.27 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.83
|
|
+0.13%
|
+0.28%
|
-0.26%
|
-2.71%
|
Data delayed 20 minutes |
Connect with TheStreet