Netflix BIG REVAMP and 2 Media Titans Making Waves
AOL, Inc.‘s (NYSE:AOL) annual shareholder gathering today in Boston may see activist hedge fund Starboard Value acquire at least of of the three seats it’s aiming for on AOLs board, according to Reuters’ reports from two main shareholders. Starboard founder and CEO Jeffrey Smith is one of the nominees, according to a source. AOL wants investors to vote to maintain its present eight board members. Shares of AOL traded down $1.59 (5.87%) recently at $25.51.
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Netflix, Inc. (NASDAQ:NFLX) is trying out a revamp of its website that separates movies and TV shows into different categories, plus creates additional subcategories in the interest of easier navigation. If the redesign is accepted it will de-emphasize Netflix’s algorithm-created list of recommendations with aims for fewer customers canceling subscriptions if they are more readily able to locate engaging content. Shares of Netflix traded down $0.87 (1.38%) recently at $61.961.
Comcast Corporation‘s (NASDAQ:CMCSA) NBC has gotten $1.8B in ad commitments for the upcoming TV season during the upfront time, with raised ad rates helping boost this year’s intake above the $1.7B brought in last year. Ratings wins from The Voice helped NBC keep on par with rival Fox and not fall further behind leaders CBS and ABC.
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