3 Media Stocks in Focus: Dish’s Bidding Plans, Time Warner’s Potential Deal, Comcast Takes a Hit
Dish Network (NASDAQ:DISH): Dish may be in a prime position to acquire LightSquared’s spectrum. After LightSquared went bankrupt, Dish placed a $2.2 billion bid to acquire its share of the spectrum, which, when paired with Dish’s current holdings, could significantly improve its downlink spectrum. The auction is expected to take place this December.
Time Warner (NYSE:TWX): Time Warner has posted significant gains in the markets on Friday as speculation builds over a potential deal with HBO Go. While some have pointed to the value of a partnership in that it could bring HBO’s products to a new set of viewers, others have expressed skepticism that the deal could detract from HBO’s live viewers.
Comcast (NASDAQ:CMCSA): Comcast was told by the Federal Communications Commission that it must place Bloomberg alongside other news networks. The clause was part of Comcast’s merger with NBC Universal that the cable giant could not favor some news providers over others. However, the court did say that Comcast was under no obligation to place independent and minor news networks in the same block as major networks.
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