Time Warner Teams Up With DirecTV and 4 Media Titans Making Waves
AOL, Inc. (NYSE:AOL): The most recent look at stocks that were ordered by largest market capitalization show that Russell 3000 component AOL Inc. possesses a larger market cap than the smaller end of the S&P 500, such as FLIR Systems, Inc. (NASDAQ:FLIR), according to The Online Investor.
Time Warner Cable Inc. (NYSE:TWC) has officially opened its $82 million National Data Center at its Charlotte campus. The new data center, first announced last year, is expected to allow Time Warner Cable to leverage the most recent IP technology to deliver its video to various services and devices.“The latest IP technology housed in this building gives Time Warner Cable the capability and flexibility to focus on delivering services in line with our vision of bringing our customers the ‘4 Any’s’ – any content to any device, anywhere at any time,” stated Carol Hevey, executive vice president of operations at Time Warner Cable East. “Locating one of just two national data centers in Charlotte emphasizes TWC’s commitment to the Charlotte area and a commitment to provide the latest and best technology to our customers.”
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Comcast Corporation (NASDAQ:CMCSA) and Verizon Wireless agreed that they will sell each other’s services in Sacramento County and the surrounding areas. Consumers will be able to order Verizon Wireless plans and devices via Comcast by calling (855) 704-7400, and additional information can be found at www.comcast.com/vzw.
DirecTV, Inc. (NASDAQ:DTV): Time Warner Cable Inc., which is currently the second largest cable multi service operator in the U.S., has entered into a deal with DirecTV. This deal will enable the largest U.S. satellite TV provider to broadcast the cable MSO’s two sports network in the Los Angeles (LA) area, and it may be significantly beneficial for Time Warner since DirecTV continues to be one of the biggest pay TV distributors in California with a customer base reaching nearly 1.2 million.
News Corp. (NASDAQ:NWSA) along with Yankee Global Enterprises confirmed an agreement under which News Corporation is to acquire a 49 percent equity stake in the Yankees Entertainment and Sports, or YES, Network. The YES Network gives exclusive live local television coverage of New York Yankees baseball and Brooklyn Nets basketball, along with additional leading local and national sports-related programming, and the media rights agreement is subject to Major League Baseball approval. This investment will likely close by the end of the year. Currently the owners are Yankee Global Enterprises, Goldman Sachs (NYSE:GS) and other investors, and they are to reduce their ownership in relation with the transaction. After three years, News Corporation possibly will acquire an additional stake in the YES Network bringing its ownership up to 80 percent, and Yankee Global Enterprises would keep a significant minority stake in the network.
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