News Corp. & Best Buy Co., Inc. News and Analysis Report: (NASDAQ: NWSA), (NYSE: BBY)
New York, NY -- (ReleaseWire) -- 04/09/2013 --News Corp. (NASDAQ: NWSA) released a statement from News Corporation President and Chief Operating Officer Chase Carey regarding Broadcast Television and Aereo.
“News Corporation has a long-standing commitment to the broadcast television business, and to delivering the highest-quality entertainment, sports and news programming to our viewers on a localized basis. We are committed to broadcasting under a business model where programmers receive fair compensation from parties that want to redistribute our product while continuing to make our product available for free to individual consumers that want to access our signal.
“We believe that Aereo is pirating our broadcast signal. We will continue to aggressively pursue our rights in the courts, as well as pursue all relevant political avenues, and we believe we will prevail.”
Find out where NWSA could be headed here:
Best Buy Co., Inc. (NYSE:BBY) traded at $ 25.96 in the last session, which is +0.51 (2.00%). The stock has a Range of 24.75 - 26.29. The stock has a 52 week low and high of 11.20 - 26.29 respectively. The stock has a Market Cap of 8.77B. The stock traded a volume of 31.71M. The stock has a 30 day average volume of 14.81M.
Best Buy Co., Inc. is a multinational retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances and related services. The Company operates retail stores and call centers, and conducts online retail operations under a range of brand names.
Find out if BBY could maintain the momentum here:
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