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

Viacom News Release

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.

GOOG  Media  VIA  YHOO 

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