Time Warner Cable Hikes Rates and 4 Media Titans Making Waves
Netflix, Inc. (NASDAQ:NFLX): Current Price: $101.50
Netflix Chief Content Officer Ted Sarandos stated, “We are delighted that Netflix will become the exclusive over-the-top streaming subscription destination for past seasons of favorite Cartoon Network and Adult Swim titles…We’re also thrilled to be able to offer the latest seasons of Dallas, one of the greatest all-time guilty pleasures.”
Coinstar, Inc. (NASDAQ:CSTR): Current Price: $47.86
Gabelli began to cover Coinstar shares in a report that was issued on Tuesday morning. The firm gave the stock a Buy rating.
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Time Warner Cable Inc. (NYSE:TWC): Current Price: $98.40
In February, some Time Warner Cable customers will pay more to watch television. The New York City-based cable provider will raise the price of cable TV packages for customers not bundling their cable with Internet or phone service, according to Time Warner spokesman Travis Reynolds.
CBS Corporation (NYSE:CBS): Current Price: $38.03
Yesterday, CNET reporter Greg Sandoval said via his Twitter page that he has decided to resign from CNET. He says “I no longer have confidence that CBS is committed to editorial independence.”
News Corp. (NASDAQ:NWSA): Current Price: $26.99
There have been a number of reports that have called the Los Angeles Times a likely target to be acquired by News Corp. considering News Corp’s plan to spin-off its publishing properties, but Chairman and CEO Rupert Murdoch believes current FCC cross-ownership rules would block such a purchase, stated the Los Angeles Times. The LAT quoted Murdoch as saying, “It won’t get through with the Democratic administration in place,” in regards to a possible bid for the paper.
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