By Russ Britt, CBS.MarketWatch.com
NEW YORK (CBS.MW) -- Vivendi Universal led major media companies down Monday, as the French-based firm fell more than 3 percent in early trading.
Vivendi (V: news, chart, profile) lost 54 cents to $16.41, or 3.2 percent. Reports said the company was about to sell its Pressplay online music service to Roxio (ROXI: news, chart, profile) for $30 million. Although the news didn't help Vivendi, Roxio got a boost of 75 cents, to $7.65, or 10.9 percent.
Other major media companies in the red included Walt Disney Co. (DIS: news, chart, profile), off 37 cents, or 2 percent, to $18.07. AOL Time Warner (AOL: news, chart, profile) fell 21 cents, or 1.5 percent, to $14.03. Viacom (VIA: news, chart, profile) (VIA.B: news, chart, profile) lost 58 cents, or 1.3 percent, to $45.12. Viacom is a major investor in MarketWatch.com, the publisher of this report.
American depository receipts of News Corp. (NWS: news, chart, profile) slipped by 43 cents, or 1.4 percent, to $29.54. And Metro-Goldwyn-Mayer (MGM: news, chart, profile) was down 24 cents, or 2.1 percent, to $11.46.
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