Dish ANTICIPATES Subscriber Loss in Q3 and 4 Media Titans Making Waves
AOL, Inc. (NYSE:AOL) recently announced its intentions to buy back an additional $550 million worth shares while it tries to return $1.1 billion which it gained from the sale of patents to Microsoft. The shares traded up $0.18 (0.53%) recently at $34.33.
Don’t Miss: Here’s Why the iPhone Remains on the THRONE.
Netflix, Inc. (NASDAQ:NFLX): Dish (NASDAQ:DISH) Chairman Charlie Ergen claims that the company will lose a few subscribers during Q3 because AMC Networks (AMCX) has been removed, but the company believes that the turnover is “manageable,” Reuters stats. Ergen claims that customers missing AMC programs such as “Mad Men” and “Breaking Bad” could use iTunes (NASDAQ:AAPL) or Netflix (NASDAQ:NFLX). The shares traded up $0.14 (0.24%) recently at $57.94.
Walt Disney Co. (NYSE:DIS): A box office blast from “The Avengers” and an enthusiastic response to the revamp of Disneyland’s California Adventure theme park helped The Walt Disney Co. reap a better-than-expected third-quarter profit. The shares traded down $0.47 (0.93%) recently at $50.02.
Dish Network Corp. (NASDAQ:DISH): Dish (NASDAQ:DISH) Chairman Charlie Ergen says that the company will lose some subscribers in Q3 due to the removal of AMC Networks (AMCX), but believes the turnover is “manageable,” Reuters reports. Ergen says customers missing AMC programs like “Mad Men” and “Breaking Bad” should tune into iTunes (NASDAQ:AAPL) or Netflix (NASDAQ:NFLX). The shares traded up $0.13 (0.42%) recently at $30.73.
News Corp. (NASDAQ:NWSA): In a summary judgment handed down following the close of London’s stock market on Wednesday, the Competition Appeal Tribunal decided that regulator Ofcom’s decision to force a reduction in the amount British Sky Broadcasting (BSYBY) charges rivals to show its flagship Sky Sports channels was “unfounded,” according to The Guardian. The shares traded down $0.17 (0.72%) recently at $23.55.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.