Dish Bid Trumps Sprint and 4 Media Titans Making Waves
AOL, Inc. (NYSE:AOL): Current price $29.81
According to Chief Executive Officer Tim Armstrong in an interview with CNBC’s “Squawk on the Street,” AOL, Inc.is looking at opportunities to take a share of the mapping apps space from Apple and Google. “We’re the number two provider in maps,” Armstrong said. “MapQuest was a story of another turnaround inside a turnaround. MapQuest, over time, had lost a lot of traffic, a lot of revenues, a lot of profits, and we’ve been able to materially change that business in the right direction.”
Netflix, Inc. (NASDAQ:NFLX): Current price $95.46
Netflix is improving the quality of many of their instant streaming titles to what they call Super HD. Super HD is basically Netflix’s branding for 1080p full HD content. This requires at least 5Mbps download speeds for the highest available video quality. It works with Netflix on PlayStation 3, Nintendo’s Wii U, Windows 8, Roku, Apple TVs with 1080p, and certain smart TVs and Blu-Ray players.
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Time Warner Cable Inc. (NYSE:TWC): Current price $97.43
A new YouGov/HuffPost poll found that twice as many Americans support Time Warner Cable’s decision to cut Al Gore’s Current TV network as a result of its sale to Al Jazeera. Far more fascinating, an overwhelming majority of Republicans back TWC’s move while Democrats narrowly disapprove of it.
CBS Corporation (NYSE:CBS): $38.25
According to the New York Post, CBS Corporation has officially sold out their Super Bowl ad spots. The company said that the Super Bowl’s half-time show, which will feature Beyonce, will be available for live streaming on the Web.
Dish Network Corp. (NASDAQ:DISH): Current price $37.04
Dish Network Corp. put in a bid for Clearwire Corp. that trumped Sprint Nextel’s $2.2 billion offer. This has set the stage for a takeover battle for the wireless service provider that owns crucial mobile spectrum. Dish’s $2.28 billion offer appeared to affirm the satellite television provider’s ambitious plan to buy their way into the wireless services industry, of which they have already spent $3 billion acquiring much-needed capacity.