3 Media Stocks in Focus: CBS Blackout Ends, News Corp.’s Scandal Lives on, Netflix Scores Peters
CBS Corp. (NYSE:CBS):Current price $53.50
A month-long blackout of CBS programming for Time Warner Cable (NYSE:TWC) customers has come to a welcome end. The two companies have reached an accord that, according to observers, leans heavily toward the broadcaster. CBS reportedly won a big increase in tariffs although below the $2 per month per subscriber it was seeking; few further details were disclosed. The terms exclude most “out-of-home” rights that allow viewers to watch shows on tablets and mobile phones.
News Corp. (NASDAQ:NWSA):Current price $15.78
U.K. prosecutors will be charging Daniel Evans, a former journalist at News Corp.’s now-defunct News of the World, with four offenses linked to phone-hacking and bribery investigations. The agency was closed by News Corp. in 2011, after it was revealed that the tabloid had allegedly listened to messages on the phone of a murdered school girl. Evans was originally arrested in August of 2011 and is scheduled to appear at a London court on Wednesday.
Netflix (NASDAQ:NFLX):Current price $289.00
On the heels of penning in Aziz Ansari’s standup routine, Netflix has scored a comedy special and a four-part documentary series based on Canadian comedian Russell Peters’ “Notorious” world tour, which will premier on the streaming service next month. The score is a further departure from the popular dramas that Netflix has created, as well as more exclusive programming to lure new users.