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$DISCA said it will invest $100MM in Group Nine Media, a new media holding company consisting of Thrillist Media Group, NowThis Media, The Dodo and Discovery’s digital network Seeker. Axel Springer will maintain its investment as the second largest shareholder in the company. Ben Lerer, CEO of Thrillist, will become CEO of Group Nine Media.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.