3 Media Stocks in Focus: Time Warner Eyes New Publishing CEO, Netflix’s Expanded PBS Deal, and DirecTV Could Hit Snags in Hulu Purchase
Time Warner Inc. (NYSE:TWX): Former Time Inc. chief financial officer Michael Klingensmith could end up the new CEO of the publishing unit after it spins off from Time Warner, according to rumors picked up byt the Wall Street Journal. Klingensmith is currently the CEO of Star Tribune Media and is widely credited with stabilizing the company.
Netflix (NASDAQ:NFLX): More on the Netflix-PBS Deal: Subscribers now have exclusive access to all seasons of mystery drama The Bletchley Circle and to the kids show Super Why! Separately, a survey conducted by 1,000 consumers found that 44 percent were aware of Netflix original programming, up from 34 percent in February, and 28 percent said they’re less likely to cancel thanks to Arrested Development.
DirecTV (NASDAQ:DTV): Industry observers are pointing out that ”onerous demands” from Hulu owners News Corp. (NASDAQ:NWSA) and Disney (NYSE:DIS) could jeopardize the chances for a sale to potential parties like DirecTV, which is still regarded as a frontrunner for the streaming service.
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