Business/Finance
By
| June 3, 2008
Mediacom shares gained 2.25% Mon amid a widespread market sell-off, propelled by an upgrade to ‘buy’ by Pali analyst Richard Greenfield. Citing improving triple-play penetration and ebbing competition, Greenfield expects the MSO’s "outperformance in Q1 ’08 will continue throughout 2008." — With an eye on continued global expansion, ESPN has renamed as the Global X Events and Development the department responsible for X Games events and related opportunities. ESPN Films svp Ron Semiao will continue as chief creative X officer; managing dir, X franchise Rick Alessandri will oversee the X Games expansion strategy and operations; Chris Stiepock was promoted to vp/GM, X Franchise; and Jack Wienert will continue as exec dir, X Games.