If you’re looking for trades Greenfield recommends long Viacom [VIA] or Discovery Communications [DISCA] as the big media winners for ’09. And he says you can pair that with a short CBS [CBS].

“Perhaps Viacom [VIA] and Discovery [DISCA] are worth a look on valuation,” says Diclemente, “but I wouldn’t buy just yet.”

We saw Sumner Redstone margined out of some CBS (CBS) and Viacom (VIA) -- can you believe where that CBS has gone? And we heard from Doug Kass about a couple of liquidations that I believe will clear up the infrastructure situation, as the hedge funds I hear that are out are in that cohort.

The VMAs: A Quarter Century's Worth of Absolute Irrelevance: To the surprise of absolutely no one, the VMAs signal the end of times once again. Also, John Norris stills frosts his tips... still kind of weird.

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Starred in Crossroads movie, opened the MTV awards

Cramer: The One Media Stock to Watch: Jim Cramer chooses one name out of three media stocks reporting this week.

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Cramer: Disney's Charmed: Rising gas prices will never hurt Walt Disney, says Jim Cramer.


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Imation Puts Apple on Speed Dial
Frank Russomanno, CEO of consumer electronics manufacturer Imation, says teaming up with Apple -- and SpongeBob SquarePants -- is boosting sales, even while consumers are spending less.

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Big Love for Tiny Laptops
Gary Krakow says the new Asus and HP computers are both small and have good memory and batteries. But which one can he not live without?

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Their cable networks (which include MTV, VH1, Nickelodeon and more) should help Viacom sustain earnings momentum, says DiClemente.

Bad management

Viacom

VIACOM

entertainment

Entertainment too volatile. Entertainment values of the company.