Dish to Pay Dividend and 4 Media Titans Make Waves
AOL, Inc. (NYSE:AOL): Patch is name of the company’s top online local news and information platform, and today, the company appointed Steven Kalin as President and Chief Operating Officer. In his new role, Kalin is responsible for overseeing Patch’s daily operations which includes editorial, sales, and analytics. Kalin is to be based at the company’s New York headquarters and report to Jon Brod, CEO and Co-Founder of Patch.
Coinstar, Inc. (NASDAQ:CSTR): The continuing strike at the Port of Los Angeles, which is the nation’s busiest commercial harbor located in Long Beach, California has the potential to affect Redbox kiosks going into the second week. The strike began on November 27, and it idled 10 of 14 terminals after 600 clerical workers walked off the job, and it has resulted in three-quarters of the cargo on ships not being processed. The port is responsible for processing 40 percent of the nation’s imported cargo. In that cargo, there is a container of replacement parts for Redbox, operating over 40,000 disc rental kiosks nationwide, reports Port of Long Beach spokesperson Art Wong.
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Time Warner Cable Inc. (NYSE:TWC) cable modem fee has caused some outrage among a few of its customers. The company’s internet customers have begun to pay $3.95 monthly to rent their router from the company. Until November, the router was provided for free, and UNC junior David Wilkinson, a TWC customer, stated “That’s almost $48 a year, which is essentially two bar tabs.”
Walt Disney Co. (NYSE:DIS): The day following the striking of an exclusive deal for Disney movies, estimated though unconfirmed to cost Netflix (NASDAQ:NFLX) $350 million annually, and the streaming video service’s content boss has conversed about the possibility to do a deal in the future with Time Warner’s (NYSE:TWX) Warner Bros. unit. Furthermore, the exec indicated that Netflix has been working with Comcast (NASDAQ:CMCSA) owned Universal as a way to obtain certain movies on its agenda, such as family programming, on its service.
Dish Network Corp. (NASDAQ:DISH), the second largest satellite TV operator in the U.S. has decided to pay a special cashdividendof $1 per share on the company’s common stock. The dividend is payable on December 28, 2012 to stockholders of record at the close of business on December 14, 2012.