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Morning Wire: Bullishness does em good

Published: Friday, October 27, 2006

Big Media and entertainment companies saw a spike in their stock prices due to investor bullishness ahead of the third-quarter earnings and holiday-shopping seasons.

Among the key gainers were Time Warner Inc., whose shares hit a four-year high, Walt Disney Co. and cable operator Charter Communications. Clear Channel Communications Inc. gained nearly 10 percent on news that a group of private-equity firms were in advanced talks to buy the radio giant.


Media giants running with bulls on Wall Street [Reuters]

Labels: BigMedia, MorningWire

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