Dish Threatened With BLOCK by Sinclair Broadcast Corp. and 4 Media Titans Making Waves
Netflix, Inc. (NASDAQ:NFLX) UK launch loomed near last November, but local online PPV movie vendor FilmFlex pushed aside the strong and well-resourced American threat. CEO Jeff Henry informed paidContent, which powers white-label movie access for third parties, that he hoped to nearly triple its business by signing six or seven new clients within a year. The shares traded up $2.94 (4.91%) recently at $62.85.
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Time Warner Cable Inc. (NYSE:TWC): Verizon Wireless’s (VZ, VOD) $3.9 billion deal for the acquisition of airwaves from Comcast (NASDAQ:CMCSA), Time Warner Cable, Bright House Networks, and Cox Communications is very near to being cleared by the Justice Department and FCC, according to the Wall Street Journal. The shares traded up $1.14 (1.27%) recently at $90.89.
Dish Network Corp. (NASDAQ:DISH) has been threatened by Sinclair Broadcast Group Inc. to block DISH customers’ access to television stations within 45 cities across the country unless DISH decides to accept a huge price increase. The retransmission consent agreement between DISH and Sinclair is set to expire on August 15. If the companies do not reach an agreement regarding price, DISH will not be allowed to carry Sinclair’s signals. DISH has been working on retransmission contract negotiations with Sinclair for months, but Sinclair insists upon a rate increase which would force DISH to pay more for those ABC, CBS, FOX and NBC channels than DISH pays to any other broadcaster. Additionally, Sinclair owns several stations including CW and MyNetwork affiliates. Increased costs will rais fees for customers. Dave Shull, SVP of programming for DISH stated: “We carry more than 1,800 local broadcast stations nationwide. Sinclair is asking for more than any other station anywhere in the country. This goes beyond pure corporate greed — it’s profoundly insensitive to the needs of the public. We hope Sinclair will soon embrace a more reasonable attitude about price increases, so we can keep those channels on DISH.” The shares traded down $0.13 (0.42%) recently at $30.88.
News Corp. (NASDAQ:NWSA): Former New York City schools chief Joel Klein left to head News Corp.’s education division, but spent a lot of the past year defending his boss Rupert Murdoch in regards to the phone-hacking scandal which has overtaken the British media. The investigation into the use of information obtained via stolen phones continues, but Klein has returned to New York for the launch of Amplify, which is News Corp.’s entry into the popular field of digital learning. The shares traded up $0.09 (0.39%) recently at $23.36.
Viacom, Inc.’s (NYSE:VIA) Paramount Pictures intends to go nearly three months between film releases because of of belt-tightening along with the delay of three releases to 2013, according to the LA Times. The studio might end up being seventh in box-office rankings for the year, which is a drop from number one in 2011. The shares traded down $0.12 (0.24%) recently at $50.40.
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