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Disney's Dizzying Ascent

Stock quotes in this article: DIS , NWS , CBS , VIAB , VIA , CDL , L , AAPL , PIXR  

For all the knocks on supposedly slow-footed conglomerates, two big media companies have looked plenty nimble lately.

High-stakes acquisitions in new media have fueled 2006 rallies at Disney(DIS Quote) and News Corp. (NWS Quote).

Disney shares are up more than 15% and News Corp. is up more than 6% this year, despite dilutive acquisitions at both companies. Disney agreed in January to buy animation powerhouse Pixar (PIXR Quote) for $7.4 billion, while News Corp. over the past year has grabbed Internet plays MySpace for $580 million and IGN Entertainment for $650 million. ...

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