Dish Asks for More Time and 4 Media Titans Making Waves
Netflix, Inc. (NASDAQ:NFLX) could find it difficult to hang on to its lead for much longer. Amazon, and Redbox Instant, are doing what Netflix will not do, which is stream newer releases.
Time Warner Cable Inc. (NYSE:TWC): Cable TV companies have beat phone companies again on the broadband battlefield during the year, and the shares will end the year by outperforming telecom rivals. During 2012’s first nine months, U.S. cable TV firms have been successful in adding 1.88 million broadband customers as phone companies were able to add 250,000, according to Bruce Leichtman, who leads the market research firm. During Q3, Comcast (CMCSA), Time Warner Cable (TWC), and all U.S. cable TV firms added 574,000 broadband customers,according to Leichtman.
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DIRECTV, Inc. (NASDAQ:DTV) CEO Mike White made a huge impression on the satellite service since taking over, after he was Vice Chairman of Pepsi for years. The executive has tried to curb DIRECTV programming costs as he continues to try to maintain subscriber growth in a more and more competitive field. As a result of DIRECTV’s success, Multichannel News has called White its 2012 Executive of the Year.
Dish Network Corp. (NASDAQ:DISH) has requested additional time to file an objection to Sprint Nextel’s plan to sell a controlling interest to a Japanese company, according to Reuters. Dish requested that the Federal Communications Commission provide it with an additional three weeks to submit its objection. The FCC named January 4 as its deadline for responses to Tokyo-based SoftBank Corp.’s proposed purchase of 70 percent of Sprint for $20 billion.
News Corp. (NASDAQ:NWSA) is expected to include five divisions, which will be News and information services, digital real estate services, HarperCollins book publishing, Fox Sports Australia’s cable programming, and an “other” division that includes Amplify, according to the Financial Times. According to a filing with the SEC, the company has claimed that “new News Corp” lost $2.08 billion for the year to June on revenue of $8.65 billion.