It always grabs my attention when I see a company’s stock rise 25%. And that’s what’s happening in after market trading at Digital Generation — a firm that distributes ads, syndicated programs, and video news releases to TV stations and other media companies. Its shares rocketed from a $9.61 closing price today after it announced that it has hired Goldman Sachs to help with a “strategic review,” which is usually code for seeking a buyer. Last month it rejected a more than $20 a share offer from an Internet-based rival, Extreme Reach, fearing that it wouldn’t pass muster with antitrust officials, Bloomberg reported. Digital Generation’s stock is down 68% over the last 12 months.
Digital Generation Shares Soar After It Raises “For Sale” Sign
What's Hot on Deadline
TV Academy Board Votes To Initiate Disciplinary Proceedings On Harvey Weinstein; Hearing Set For November
Model Amy Elmore Shares Harrowing Personal Abuse: "It's Time To Talk About Sexual Predators In The Modeling Business"
Latest TV News
- TV Academy Board Votes To Initiate Disciplinary Proceedings On Harvey Weinstein; Hearing Set For November
- Dodgers Clinch World Series Berth; Can Yankees Complete Major TV Market Sweep?
- Fox Buys Native American Family Comedy From Lucas Brown Eyes & ‘It’s KatzSmith
- Sean Penn Calls Netflix’s ‘El Chapo’ Docu “Cheap” & “Reckless”; It’s Still…
- CBS Developing ‘Whistleblower’ Drama From Chris Silber & Jerry Bruckheimer TV
- ‘The Loud House' Creator Chris Savino Fired By Nickelodeon Following Sexual Harassment Allegations