DIRECTV’s New Monthly Surcharge, CVS Keeps Kodak Kiosks: Consumer Business Update
The satellite broadcaster DIRECTV (NASDAQ:DTV) has discretely placed a monthly surcharge of $3 on some customers for sports channels separately on a number of its most popular programming packages. The company’s new subscribers that reside in regions in which there are more than one regional sports network such as News Corporation’s (NASDAQ:NWS) Prime Ticket and Fox Sports West, and Time Warner Cable’s (NYSE:TWC) SportsNet, and who want those channels are being asked the surcharge, on top of whatever portion of the costs of the channels that DIRECTV passes on to its customers.
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On Friday, Judge Allan L. Gropper of the United States Bankruptcy Court in Manhattan approved a resolution that will allow more than 15,000 of Eastman Kodak Co.’s (EKDKQ.PK) photograph-printing kiosks in CVS Caremark Corporation’s (NYSE:CVS) retail stores to remain there until 2017. Through the terms, the eventual buyer of Kodak’s personalized imaging business doesn’t lose CVS, which is the biggest customer for its kiosks.