Netflix, Inc. (NASDAQ:NFLX): Netflix (NASDAQ:NFLX) is much more concerned about TV Everywhere (CMCSA, TWC) and similar services than over-the-top pure players like Amazon Prime (NASDAQ:AMZN) and Hulu Plus (NASDAQ:CMCSA) (NYSE:GE) (NASDAQ:NWSA) (NYSE:DIS), according to a letter to shareholders sent following its Q4 earnings, reported The Next Web.

The shares closed at $116.01, up $20.97, or 22.06%, on the day. Its market capitalization is $6.43 billion.

J.C. Penney Company, Inc. (NYSE:JCP) announced it is targeting $900M in expense cuts to be completed over the first two years of its transformation, ultimately lowering jcpenney’s expenses below 30% of sales in just two years. Kramer stated he expects to achieve an expense run rate of 27% by the end of the transformation in 2015. The savings will come primarily from stores, advertising and the operations in the Company’s home office.

The shares closed at $40.72, up $6.44, or 18.79%, on the day. Its market capitalization is $8.70 billion.

Media General, Inc. (NYSE:MEG): For the full year 2012, Media General currently expects that cash provided by operations will be used to make interest payments of $58M, capital expenditures of $23M-25M and retirement plan contributions of $13M. Other cash will be used to reduce debt wherever possible.

The shares closed at $4.98, down $0.5, or 9.12%, on the day. Its market capitalization is $115.26 million.

ITT Educational Services (NYSE:ESI) Total student enrollment decreased 13.5% to 73,255 as of Dec. 31, 2011 vs. to 84,686 as of Dec. 31, 2010.

The shares closed at $63.75, down $5.65, or 8.14%, on the day. Its market capitalization is $1.70 billion.

AT&T Inc. (NYSE:T): AT&T said it is well positioned to deliver solid revenue and earnings growth with improving margins while returning substantial value to shareowners. In 2012, AT&T expects continued consolidated revenue growth, including postpaid wireless ARPU growth around 2% for the year. The company also expects to expand consolidated and wireless margins while keeping wireline margins stable. Achieving these targets will lead to mid-single-digit or better earnings growth with an opportunity to accelerate earnings growth beyond 2012. little economic lift is assumed with these expectations, AT&T said.

The shares closed at $29.45, down $0.76, or 2.52%, on the day. Its market capitalization is $174.52 billion.

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To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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