Coinstar to REPORT Q2 Results on 7/26 and 4 Media Titans Making Waves
AOL, Inc. (NYSE:AOL): Reports Q2 revenue $531.1M, consensus $519.36M. Subscription revenue trends continued to improve meaningfully with a 12% decline in subscribers the lowest rate of decline in five years, while monthly average churn of 1.7% was the lowest rate of churn in over a decade. The shares traded up $1.87 (6.80%) recently at $29.36.
Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings has brought up the possibility of partnering with Time Warner’s (NYSE:TWX) HBO, but a HBO spokesman states that the company does not intend to work with Netflix, according to Reuters. The shares traded down $18.81 (23.40%) recently at $61.58.
Coinstar, Inc. (NASDAQ:CSTR) is to report Q2 results on July 26 after the market closes.
Time Warner Cable (NYSE:TWC): As of Friday, Time Warner Cable customers located in southern York County will no longer have to watch a Utica, N.Y. television station. Hearst Television Inc. announced it reached a retransmission consent agreement with Time Warner Cable which covers the carriage of Hearst Television WMTW in Portland and WCVB in Boston.
News Corp (NASDAQ:NWSA): The “Modern Family,” the most watched comedy on U.S. television, cast members sued the producer of the show, News Corp.’s Twentieth Century Fox Television, in order to void contracts capping pay and limiting outside work.