3 Media Stocks in Focus: Netflix Eschews the Conference Call, Sirius Subscribers Breach Milestone, and Time Warner Cable Signs On for Sports
Netflix (NASDAQ:NFLX): Netflix is shirking the traditional post-earnings conference call in favor of a moderated live video discussion. Questions from investors can be submitted in advance via Twitter to the hosts, BTIG’s Rich Greenfield (@RichBTIG) and CNBC’s Julia Boorstin (@JBoorstin). Netflix shares continue to climb, adding another 4.7 percent Tuesday morning following the announcement of a content deal with CBS (NYSE:CBS).
Sirius XM Radio Inc. (NASDAQ:SIRI): News that the radio streaming service added 715,000 net new subscribers in the second quarter has helped lift shares by more than 3 percent, and the company now boasts more than 25 million total subscribers. The company has also raised its full-year guidance for total net subscriber additions to 1.5 million from its previous guidance of 1.4 million.
Time Warner Cable (NYSE:TWC): Time Warner has orchestrated an agreement with Universal Sports Network that will see an expansion of the sports programming available for TWC Sports Pass subscribers. Included in the deal is access for events like Kona Ironman, the Boston Marathon, and World Figure Skating Championships.
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