Netflix Faces Competition in Mexico and 4 Media Titans Making Waves
AOL, Inc. (NYSE:AOL): In spite of the decline in AOL’s share price for the past several weeks, they remain one of the market’s top performers year to date as they are up over 143% in 2012. Considering AOL’s one-time $5.15 per share dividend for shareholders of record on Dec. 5, it is a great price.
Netflix, Inc. (NASDAQ:NFLX) faces new competition from America Movil SAB (AMXL), the largest mobile phone company in the Americas, which is introducing a rival service today in Mexico. The new service, dubbed Clarovideo, will be available at a cost of 69 pesos ($5.30) a month. The company already offers a similar service in Colombia, Argentina, Paraguay and Uruguay which allows viewers to watch television shows and movies over an Internet connection.
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Time Warner Cable Inc. (NYSE:TWC) has collaborated with NY1 and is launching a month-long “Holiday Hopes & Happenings” food drive as an effort to help New York City-area families in need this winter. Non-perishable goods will be collected to benefit the Food Bank For New York City and City Harvest.
DIRECTV, Inc. (NASDAQ:DTV): After Nov. 30, DirecTV subscribers in the Buffalo area may be blacked out of programming on WGRZ-TV, the NBC affiliate. So far, the satellite TV company and Gannett Co., parent of WGRZ, have been unable to negotiate a new deal.
Dish Network Corp. (NASDAQ:DISH) is getting 75% of what they want from federal regulators who are poised to approve the satellite TV company’s wireless broadband dream. However, being shy of a total victory may derail Dish founder Charlie Ergen’s big chance and cause the company to sell their wireless spectrum which is worth $8 billion by some estimates.
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