Time Warner Providing FREE Wi-Fi Convention Access and 4 Media Titans Making Waves
News Corp (NASDAQ:NWSA) Fox intends to sell high definition, digital versions of its movies nearly three weeks prior to the films’ usual release to disc and video on demand services, Fox executives informed The New York Times. The films are to be sold for $15, which is down from the usual price of about $20, the newspaper quoted the executives as saying. The shares traded down $0.08 (0.33%) recently at $24.42.
Time Warner Cable Inc. (NYSE:TWC): Service providers are taking steps to solve expected mobile congestion problems at the Democratic National Convention this week, and they are addressing issues which will probably to grow in various areas over the next few years. Time Warner Cable stated on Monday that it has made its Wi-Fi hotspots in Charlotte, North Carolina, free for use while the convention is in town. AT&T, Verizon Wireless, and Sprint Nextel all have added cell sites, portable COWs (cells on wheels) and have distributed antennas to handle the influx. The shares traded up $0.09 (0.10%) recently at $90.75.
CBS Corporation (NYSE:CBS): U.S. District Judge Denise Cote in Manhattan has approved a settlement with three major book publishers regarding the alleged collusion in the pricing of e-books, according to the Wall Street Journal. Lagardre SCA’s Hachette Book Group, CBS’s Simon & Schuster and News Corp.’s (NASDAQ:NWSA) HarperCollins Publishers agreed that in April, as part of the settlement for the termination of their agreements with Apple (NASDAQ:AAPL), they will not limit any retailer’s ability to set e-book prices for two years. The shares traded up $0.17 (0.45%) recently at $36.88.
Walt Disney Co. (NYSE:DIS): Later today, The FCC will propose a plan to auction off TV airwaves to wireless carriers, reports The Washington Post, citing an unnamed official familiar with the matter. The carriers are to use the new airwaves as a means to develop faster and more reliable networks, the publication stated. The shares traded down $0.12 (0.23%) recently at $51.74.
Comcast Corporation (NASDAQ:CMCSA): NBC executives hope that the National Hockey League and its players union will reach a new labor agreement so that there is no necessity for a lockout which may leave the network quickly trying to find a replacement for a key source of sports programming, stated Reuters. The network signed a new $2 billion, 10-year contract with the league only last year. Labor talks between the NHL and the union that represents its players broke down last week in regards to economic issues like revenue sharing. The league’s owners have stated that they would lock out players if a deal is not reached by September 15. The shares traded down $0.12 (0.35%) recently at $34.53.
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