Netflix Explains Outage and 4 Media Titans Making Waves
AOL, Inc. (NYSE:AOL): Not many people viewed AOL as the hottest Internet stock of the year during early 2012, but with only four trading days remaining, the company has risen 99.8 percent for the year, over double the 49.4 percent increase in Amazon’s shares for the year to date and slightly less than four times more than Apple’s 28.4 percent.
Netflix, Inc. (NASDAQ:NFLX): According to the company, its outage on Christmas Eve resulted from an outage at one of Amazon’s (NASDAQ:AMZN) web service centers, according to The Globe and Mail. A spokesman for Netflix stated that the outage impacted subscribers in the U.S., Canada, and Latin America.
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Time Warner Cable Inc. (NYSE:TWC) is the U.S.’s second largest cable multi service operator, and it recently made a bid to acquire Cablevision Systems Corp.’s business unit, Optimum West. This acquisition is expected to make Time Warner Cable a key player in four distinct US markets.
Comcast Corporation (NASDAQ:CMCSA) announced an ex-dividend date of December 28, 2012 and a cash dividend payment of $0.1625 per share that is scheduled for January 23, 2013. The shareholders who purchased CMCSA stock before the ex-dividend date will be eligible for the cash dividend payment. This makes the 4th quarter that CMCSA paid the same dividend. The current stock price is $37.36, and the dividend yield is 1.74 percent.
News Corp. (NASDAQ:NWSA) price target was increased by Deutsche Bank from $26.00 to $29.00, according t a report that was released on Monday. Currently, the firm, has a buy rating on the stock.
Don’t Miss: An Amazon Outage Halted Netflix Christmas Cheer.