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Apple Inc. Far Ahead In Talks With News Corp. on iTunes TV Show Rental Deal (AAPL,NWS,CBS,DIS)Aug 24, 2010 (SmarTrend News Watch via COMTEX) -- Apple Inc. (NASDAQ:AAPL) is reportedly far along in discussions with News Corp. (NASDAQ:NWS) in a deal that could allow iTunes users rent television shows for $0.99, reports Bloomberg Tuesday, citing sources close to the matter. iTunes users would be able to rent TV shows from News Corp.'s Fox station for 48 hours, the sources say. The sources added that CBS Corp. (NYSE:CBS) and Walt Disney Co. (NYSE:DIS) are also ready to jump on board with discussions. SmarTrend currently has Apple in a Downtrend. Since 2008, SmarTrend subscribers trading Apple using our alerts outperformed the stock by 33%. We are monitoring these developments and will alert subscribers to any change in trend. Shares of Apple are trading down 1.99% Tuesday afternoon at $240.92, as are shares of News Corp., which are down 1.50% at $13.80. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup |