For the first time, ABC is launching Web-only news series, starting with a live interview with President Barack Obama by George Stephanopoulos Monday afternoon. That launches a series, “Newsmakers,” with online interviews conducted by the likes of Diane Sawyer, Barbara Walters, Katie Couric, Robin Roberts and others.
However, Colin Gillis, an analyst with BGP Financial Partners said Yahoo’s alliance with ABC stated that this deal “is not going to fix Yahoo’s problems.” Gillis noted: “This is a relatively small event in the broader ecosystem of what is going on with Yahoo.”
While Yahoo!’s shares a still down by 16%, its shares rose 81 cents, or 6.2 percent, to $13.98 in morning trading. Investors were buying the shares after the CEO of Chinese Internet company Alibaba Group Holding Ltd. said he would be “very interested” in buying Yahoo.
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