Yahoo! (YHOO) was up 10.5% in late trading after Merrill Lynch analyst Henry Blodget said it is a good time for investors who can tolerate risk to look at Internet media stocks.

AOL Time Warner


was up 2% and


was ahead 16.3% after being mentioned by Blodget.

The analyst also said






are "worth a look" for the long term. DoubleClick was down 4.4%. GoTo was down 5.7%.


Yahoo! Europe

announced that its managing director resigned to pursue other business interests.