Online music, video and software distributor Navarre is benefiting from all the news and speculation in the streaming media industry. Navarre owns online radio broadcaster NetRadio, which has filed for an initial public offering.
With deals involving companies like Broadcast.com, RealNetworks and IBM, all streaming media companies seem to be hot targets for investors. The NetRadio IPO has helped boost Navarre stock about 50 percent in the last couple of weeks. Shares of Navarre were up 1-3/8 to 18 in early trading today.