Insider Trades of Media Sector Doubled Than Last Period
The number of insider net sellers and insider net buyers both doubled compared to January 2011. There were 6 insider net buyers and 43 insider net sellers.
Insiderslab.com targeted 66 companies of Media Sector. The follows are notable trades settled by sector’s insiders during the month. For more data and analysis about insider trading, please visit http://www.insiderslab.com/
Central European Media Enterprises Ltd – Central has completed the privately negotiated exchange of a US$ 206,252,000 aggregate principal amount of its 3.50% senior convertible notes due 2013 for a US$ 206,252,000 aggregate principal amount of 5.0% senior convertible notes due 2015 and cash consideration as well as accrued interest on the 2013 notes of approximately US$ 30.2 million. Director Aoi Time Warner Inc granted 3,122,360 common shares at $19.45 per share for a total of $60.73 million on March 2.
Comcast Corporation – Comcast posted “Healthy” result for the last quarter and whole year of 2010 on February 16. Revenue increased 7.2% in the fourth quarter of 2010 to $9.7 billion, while Operating Cash Flow increased 9.0% to $3.7 billion and Operating Income increased 10.8% to $2.0 billion, primarily reflecting strong operating results in the Cable segment. On February 18, SVP and Controller Lawrence Salva disposed 22,967common stock on the open market at $24.88 per share. Total insider’s disposition of the month was $29.60 million.
CBS Corporation (NYSE- CBS.A and CBS) - Board of Directors of CBS has approved a quarterly dividend on the Company's common stock of $0.05 per share, payable on April 1, 2011. The company reported an extraordinary financials of fourth quarter 2010. And the company will release their first quarter 2011 result on May 3. EVP and General Counsel Louis Briskman disposed $2.30 million shares in total since January. Total Insider’s disposition during February was over $20 million worth of shares.
Report Editor: Kelly Liu in Vancouver at email@example.com
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