DOW JONES- $13,343.51

S&P 500- $1,433.19

NASDQ- $3005.62

The Walt Disney Co.- $51.90

News Corporation- $25.36

Time Warner Inc.- $44.93

In news from my industry, entertainment diversified, according to Bloomberg News Corp.’s Roger Ailes signed a four year contract extension to lead the network and Fox Television Station. Ailes was the man who built Fox news into the most watched cable news outlet. At seventy-two, Ailes will remain chairman and chief executive of Fox News and chairman of the Fox stations. Ailes is among the company’s highest paid executives, making more than $21 million in salary, bonus and stock awards in the fiscal year that ended June 30. According to SNL Kagan, Fox News was expected to generate more than $1.8 billion in revenue in 2012. In my opinion, the resigning of Ailes will allow News Corp. to continue growing in popularity and its success.

In other news, according to seekingalpha.com, IMAX Corp. stock is trading around $21.50 which is up 37% from the past years 52-week range of $15.33-$26.68. Films such as the Dark Night Rises, Resident Evil: Retribution, and the Amazing Spiderman, are expected to have a positive impact on revenues with consensus being 75.7 million, which is up from $67.5 million reported last year. China is operating 98 IMAX theaters, making it an important market for the corporation. Given the non-competitive nature of the market, and the weak economy in China, Management’s color on the performance in China will be important. The biggest risk for investing in IMAX is the health of the box office. The companies choice of films, the timing of the films, and the overall performance will be the primary focus of investors. I believe that if IMAX can continue to grow and do well than the whole entertainment industry will benefit.

Also in news for my industry, News Corp.’s Rupert Murdoch denied it has held talks to acquire the Los Angeles Times or Chicago Tribune once the newspapers’ owner, Tribune Co., emerges from bankruptcy. I think this would be a positive and smart deal for News Corp. I think this deal would have significantly increased revenue and popularity. However, it may take some time for News Corp. to begin reaping the benefits of a deal like this so I understand why this deal may not be made.