Consumer Business Report: DISH & Gannett Fight It Out, CarMax Moves Up
DISH Network Corporation (NASDAQ:DISH) and Gannett Co. (NYSE:GCI) push forward their deadline for talks regarding Dish’s “Hopper” ad-skipping tech by several hours after what was to have been a midnight limit. Gannett wants a 300 percent rise in broadcast fees, which DISH counters with 200, but if the firms can not reach a deal, subscribers of the latter in 19 cities would lose access to big-three network affiliates owned by Gannett.
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American Express Company (NYSE:AXP) and Wal-Mart Stores (NYSE:WMT) have introduced Bluebird, which they call “an alternative to debit and checking accounts.” It seems that the service is designed to permit customers the types of things to which they became accustomed with ‘regular’ bank accounts, but are no longer getting for free from basic checking. The soonest likely casualty is Green Dot, which now must deal with cheaper competition from its largest customer, which just happens to be Wal-Mart.
Shares of CarMax Group (NYSE:KMX) move up notably on an ITG Research note that said the firm’s retail revenue growth is accelerating. More specifically, CarMax’s used retail revenue growth has risen by 16.7 percent year-over-year, compared to 13.3 percent, and ITG said that same-store used division retail sales are probably ahead of Street estimates.
Don’t Miss: Update: Gannett Won’t Drop-Kick Dish After All.