Digest: Noto leaves Goldman
EmptyNoto leaves Goldman for NFL
Goldman Sachs media, entertainment and Internet industry analyst Anthony Noto has decided to retire as a partner of the Wall Street powerhouse to become executive vp and CFO of the NFL. During his nine-year career at Goldman, Noto has repeatedly been recognized as one of the leading sector analysts and other achievements. Before becoming an equity-research analyst, he was a brand manager at Kraft Foods and a captain in the U.S. Army.
Blockbuster, Netflix rebound
Shares of Blockbuster on Wednesday recovered some of their Tuesday losses as investors seemed to digest analyst comments suggesting that Apple's move into online film rentals wouldn't be the end of the video rental giant (HR 1/16). The stock closed up 18.6% at $3.19 after hitting a low the previous day. Shares of Netflix, which also declined Tuesday, closed up fractionally to $22.18.
Openads secures funding
Open-source advertising server provider Openads has received a Series B financing worth $15.5 million. The capital injection round was led by Accel Partners and also included existing investors Index Ventures, First Round Capital, Mangrove Capital Partners and O'Reilly AlphaTech Ventures. The company will use the funds to accelerate product development and expand its team.
Cox adds Georgia stations
Cox Radio has exercised its option to acquire five radio stations in Athens, Ga. The cost was $60 million, less than amounts previously paid toward the option totaling $12 million. The five stations had been owned by affiliated companies. Pending regulatory approvals, Cox Radio expects to close the acquisition in the second quarter. The company will then own, operate or provide sales and marketing services for 85 stations in 19 markets.