Google buys You Tube and gets some lawsuits. Yahoo partners with Viacom and gets revenue.
I have to go with Viacom (VIA) over You Tube for best online video partnership. I definitely like the Viacom shows better. Another reason to stick with Yahoo (YHOO) for now.
Description of Viacom and Yahoo deal at Seeking Alpha
Why I like Yahoo: Disclosures: I like Yahoo!. For years MyYahoo.com has been my browser startup page; I pay to use Yahoo enhanced email; I have over 2000 photos on flickr (my flickr photos); I find Yahoo finance to be almost as good as Bloomberg but without the $1800 a month price tag; I have even been using Yahoo's search recently and find it so greatly improved that I don't need Google as much. I have registered websites using Yahoo. We, at ThePanelist, use Google Adsense. My favorite Viacom show is the Comedy Channel's Colbert Report. I don't really have a YouTube favorite though I did see some funny videos of kids crashing on skateboards once.
I own Yahoo and plan to pledge my shares to the shareholder Plan "B" campaign to increase shareholder value at Yahoo . However, if the shares rise above $35 I'm likely to start selling. I'm short Jan 2008 35 strike calls against half my position of YHOO and am also short Jan 2008 30 strike puts. I do not own Google (GOOG) but have traded it (both short and long) in the last two years. I do not own Viacom, nor have traded it in the last two years.
Disclaimer: Nothing in this blog is meant to be specific financial advice or a recommendation to buy or sell. I do not give investment advice. Do your own research. Do not rely on anything in this weblog to make investment decisions. I do not log all my trades here. I only describe or mention those that I think might be interesting. Consult an investment professional familiar with your specific financial situation before buying or selling any security.