considers strategic alternatives
Movie studio Metro Goldwyn Mayer said Thursday morning it's considering a number of "strategic alternatives," which is investment-banking code for merger or sale possibilities
The company wouldn't say, however, whether one of those alternatives included a possible sale. In addition to film and television production activities, MGM also has a home video arm, and interactive media, music and licensing segments.
In a recent interview with CBS.MarketWatch.com, Drake Capital Securities analyst Art Rockwell said MGM was the "only studio out there" for any broadcast network looking for a new partner. Last month, NBC said it's looking for such a partner, as broadcast ratings continue to decline amid increasing competition from cable and other entertainment sources.
By David B. Wilkerson