Viacom jumps to Nasdaq

Viacom introduced plans Friday to alter purchasing and selling within the shares within the NY Stock Exchange for the Nasdaq Global Market beginning 12 ,. 1, a move the business mentioned is voluntary and may save it money. The Brand New you are able to stock market carries greater listing together with additional fees than Nasdaq, which was once purely a haven for volatile Internet and technology firms but nonetheless hosts the kind of Apple, Microsoft, Google, Yahoo and Netflix. Older, competent names tended to remain while using New you are able to stock market, considered tonier. But lately the Nasdaq, where stocks are exchanged by having an electronic system which is this is not on a purchasing and selling floor, remains tempting companies within the Large Board and getting a bigger membership. News Corp. trades there. Adding Viacom, another high-profile media conglom, is a factor from the coup. Viacom, who is the owner of Vital and MTV Systems mentioned its home "may well be more economical, while ongoing to provide Viacom traders with strong execution and liquidity." Its Class A and class B shares will trade beneath the same stock symbols, VIA and VIAB. Contact the number newsroom at news@variety.com