Morgan Stanley Closes Research Tactical Idea On AirMedia

Morgan Stanley has published a research report on AirMedia AMCN after the stock price moved contrary to its expectations. In the report, Morgan Stanley writes "Effective immediately, the Tactical Idea published on AirMedia (AMCN.O) on March 10, 2011 has been discontinued and should no longer be relied upon." AirMedia closed yesterday at $4.63.