Netflix, Disney, Viacom? Traders Make TV Stock Picks

CNBC: Viacom has taken a step toward a strategic shift, but some traders said they would still prefer other names in media. Viacom announced it is seeking a deal to sell a minority stake in Paramount Pictures. Trader Guy Adami argued that the reversal did not bode well for the stock. He contended that recently battered Netflix, instead, looks appealing on a breakout from its current levels.