How to cut the cable cord and watch TV now

How to cut the cable cord and watch TV now

Fri, Aug 23 2013

By Mitch Lipka

(Reuters) – The monthly cable and Internet bill for the Adrienne Capollupo’s Roanoke, Virginia, family had reached $150 when they decided to cut the cord – the one that runs to the television set. Now Capollupo, 37, estimates that she saves $100 a month, and misses little of what she and her family of three care to watch. She and her husband, Chris Pohlad-Thomas, still get their “Downton Abbey” fix, though they wait a day after new episodes air before they can watch them. Daughter Sophia, 2, gets all the Sesame Street she can handle. Read more of this post

Wonder Material Ignites Scientific Gold Rush; Atom-Thin Graphene Beats Steel, Silicon; A Patent “Land Rush”

Updated August 23, 2013, 10:31 p.m. ET

Wonder Material Ignites Scientific Gold Rush

Atom-Thin Graphene Beats Steel, Silicon; A Patent “Land Rush”

GAUTAM NAIK

P1-BM838_GRAPHE_NS_20130823154803 P1-BM833_GRAPHE_G_20130823222901

Graphene is an extremely thin, strong and flexible material derived from the graphite found in everyday pencils. Scientists are racing to exploit those attributes for an array of new applications. WSJ’s Gautam Naik reports. Photo: Daniella Zalcman. CAMBRIDGE, England—A substance 200 times stronger than steel yet as thin as an atom has ignited a global scientific gold rush, sending companies and universities racing to understand, patent and profit from the skinnier, more glamorous cousin of ordinary pencil lead. Read more of this post

Web-Based Apps Pose Tricky Problem for Saudi Monitors

Web-Based Apps Pose Tricky Problem for Saudi Monitors

By Matt Smith on 11:31 am August 23, 2013.
Dubai. Saudi Arabia is seeking to tighten control over web-based applications that offer a freedom to communicate that is impossible for most Saudis in the real world, and may even seek to ban such apps altogether. Saudi Arabia remains a relatively closed society; gender mixing is restricted to a tight circle of relatives and family friends, and direct criticism of the ruling family or powerful conservative clergy is frowned upon. Morality police patrol the kingdom’s few public spaces such as shopping malls to enforce rigid social rules. Cyberspace presents considerably more complicated challenges than a shopping center, however, and Saudi authorities are alarmed by the unfettered contact that the Internet allows, including for activists who spread news and information not covered by state media. Read more of this post

Pandora Should Watch the Throne; Company’s Spending Plans Betray Fears Over Apple

Updated August 23, 2013, 4:43 p.m. ET

Pandora Should Watch the Throne

Company’s Spending Plans Betray Fears Over Apple

MIRIAM GOTTFRIED

BF-AF628_PANDOR_NS_20130823173303

Pandora Media P -12.90% may be girding for a fight. Or at least investors seem to be reading it that way. The Internet-radio company reported quarterly earnings and revenue late Thursday that beat expectations. Mobile revenue almost doubled year over year. And content costs as a share of revenue fell. Even so, Pandora’s shares tumbled 13% Friday. A big reason: The company tightened the range of its third-quarter and full-year projections due to increasing investment. Pandora now expects full-year earnings to be between zero and five cents a share, compared with an earlier projection of a loss of two cents up to a profit of eight cents. Read more of this post

Is this what Tim Cook has reduced Apple to? A company run by fund managers? Breach of RegFD?

Is Tim Cook Certifiably Inane?

BY Rocco Pendola|08/23/13 – 10:59 AM EDT

NEW YORK (TheStreet) — Somebody please make some sense out of this for me.

Carl Icahn Tweets again:

icahn

In total and complete seriousness, what kind of crap is that? On several levels. First, is this what Tim Cook has reduced Apple (AAPL_) to? A company run by fund managers? First David Einhorn and now Carl Icahn. All Apple can do is satisfy fat cats with dividends and buybacks. Why would Tim Cook even give these people the time of day? Has it come to the point where he needs them, their perceived power, their support and their cash more than they and the rest of the world needs Apple? Read more of this post

How Google Makes Money: 97% ($32.2B) coming from online ads

revenue

Google’s investment arm and TPG have led a $258m investment in Uber, the taxi-hailing app that has both delighted customers andenraged regulators around the world

August 23, 2013 11:58 pm

Google investment helps fuel Uber

By Tim Bradshaw and Richard Waters in San Francisco

Google’s investment arm and TPG, the private equity group, have led a $258m investment in Uber, the taxi-hailing app that has both delighted customers andenraged regulators around the world. The move values the three-year-old company at around $3.5bn, according to one person familiar with the deal, vaulting Uber into the ranks of the most valuable private tech companies alongside the likes of Airbnb, the travel company, Square, the mobile payments firm, and Spotify, the digital music service. Read more of this post

Foreign workers in Singapore rush to cash in weak rupee, rupiah

Foreign workers in Singapore rush to cash in weak rupee, rupiah

Amelia Tan, The Straits Times/ANN, Singapore | Business | Fri, August 23 2013, 1:48 PM

India and Indonesia nationals working in Singapore are scrambling to change money as their currencies languish at multi-year lows. Others are rushing to send funds home after the rupee and rupiah declined sharply over the past week. Remittance shops and money changers in areas such as Serangoon Road said that they had been serving up to double the usual number of customers from both countries since Monday. Read more of this post

Currency sell-off: Tragedy in three acts; Emerging market darlings have lost their lustre as investors ponder life without US quantitative easing

August 23, 2013 5:52 pm

Currency sell-off: Tragedy in three acts

By Victor Mallet

Emerging market darlings have lost their lustre as investors ponder life without US quantitative easing

Droopy rupee: India’s currency plumbed record lows this week as investors withdrew money from emerging markets

India, 1991. Thailand and east Asia, 1997. Russia, 1998. Lehman Brothers, 2008. The eurozone from 2009. And now, perhaps, India and the emerging markets all over again. Each financial crisis manifests itself in new places and different forms. Back in 2010, José Sócrates, who was struggling as Portugal’s prime minister to avert a humiliating international bailout, ruefully explained how he had just learned to use his mobile telephone for instant updates on European sovereign bond yields. It did him no good. Six months later he was gone and Portugal was asking for help from the International Monetary Fund. This year it is the turn of Indian ministers and central bankers to stare glumly at the screens of their BlackBerrys and iPhones, although their preoccupation is the rate of the rupee against the dollar. Read more of this post

Malaysia’s second-largest bank CIMB May Miss Break-Even Target on 2012 Purchase of RBS Investment Banking Units

CIMB May Miss Break-Even Target on RBS Banking Units Buy

CIMB Group Holdings Bhd. (CIMB), Malaysia’s second-largest bank by assets, may not break even as planned by the end of this year on its 2012 purchase of most of Royal Bank of Scotland Group Plc (RBS)’s Asia-Pacific investment banking assets. As stocks and currencies slide, “I don’t know” if the businesses will cover costs associated with the acquisition, Chief Executive Officer Nazir Razak said in an interview with Bloomberg TV’s Haslinda Amin yesterday. Read more of this post

Newspapers and radio still on growth path in Malaysia

Updated: Saturday August 24, 2013 MYT 9:09:10 AM

Newspapers and radio still on growth path

BY M. HAFIDZ MAHPAR AND EUGENE MAHALINGAM
STARBIZ@THESTAR.COM.MY

adspendnielsen240813

TRADITIONAL media, namely newspapers and radio, are still the advertisers’ preferred choice. They are the only media monitored by Nielsen − other than pay TV − to register advertising expenditure (adex) growth last month. According to Nielsen, newspaper and radio adex in July grew 4.1% and 12.4% respectively compared with a year earlier, while ad spend for pay TV surged 74.2%. The increase in share of voice for pay TV in 2013 was partly due to additional channels being monitored, according to Nielsen. Read more of this post

Netflix’s New ‘My Profile’ Feature Means Fewer Outrageously Bad Recommendations

Netflix’s New ‘My Profile’ Feature Means Fewer Outrageously Bad Recommendations

By Aaron Pressman | The Exchange – 14 hours ago

dc210cd9-cf6f-443a-8dfb-f582fa166386_1-MaxRow

Netflix (NFLX) subscribers get annoyed when their kids flip on the TV and see a suggested list of raunchy comedies alongside rows of more-appropriate fare. Or when the suggestions mix PBS’s pre-school cartoon “Caillou” with AMC’s drug-dealer saga “Breaking Bad.” But don’t worry – it drives Todd Yellin, Netflix’s vice president of product innovation, crazy, too. The mix-ups happen when Netflix’s automated algorithms attempt to analyze the viewing patterns of a whole household of people watching different kinds of shows through one account. Mom and Dad’s late-night “Scandal” binge gets thrown in with a tween’s “Cheetah Girls” fixation. The online programming service’s new profiles feature should help end the confusion, Yellin says. Starting this month, U.S. subscribers can set up different profiles for each viewer. Remember to hit the icon for the proper person before selecting a show, and the suggestions algorithms will suddenly seem much smarter. Read more of this post

Intel Media opens offices in LA, New York in TV push

Intel Media opens offices in LA, New York in TV push

3:22pm EDT

By Noel Randewich

SAN FRANCISCO (Reuters) – Intel Corp’s media arm is opening offices in New York and Los Angeles as the company pushes ahead with an Internet television service that it plans to launch later this year, an Intel spokesman said on Friday. Setting up shop in Los Angeles’ Santa Monica and New York’s Nolita brings Intel closer to the major TV networks and production studios that the world’s biggest chipmaker must strike deals with to gather content for its live and on-demand service, Intel spokesman Jon Carvill said. Read more of this post

Why Is the Golden Age of Television So Dark?

Why Is the Golden Age of Television So Dark?

By Megan McArdle – Aug 23, 2013

The Official Blog Spouse and I are nothing if not loyal members of our television-watching demographic. “The Wire” is our favorite show of all time. We watch “Boardwalk Empire,” “Game of Thrones” and “Homeland” together; I also watch “Mad Men” by myself, as Peter finds it too dull. We are working our way through “Breaking Bad.” I really do like all these shows, and yet, when I watch this list I have to ask myself: Why does almost everything we watch involve criminals and violence? No, not just involve them, but elevate them to the center of the story? Read more of this post

Inside Comcast’s $30 Billion TV Bet; NBCU’s Steve Burke Has Weeded Out Executives and Scrubbed the Culture

Updated August 23, 2013, 7:59 p.m. ET

Inside Comcast’s $30 Billion TV Bet

NBCU’s Steve Burke Has Weeded Out Executives and Scrubbed the Culture

MERISSA MARR and CHRISTOPHER S. STEWART

BF-AF634_BURKE_G_20130823161455

NBCU Chief Steve Burke, shown in Sun Valley, Idaho, last month, has purged senior executives and sought to scrub competing fiefdoms.

Cameras popped as celebrities stepped out of tinted-window vehicles at a Manhattan ballroom where E! cable network was hosting an event for advertisers. Kim Kardashian preened on the red carpet while Ryan Seacrest chatted with fans. But Steve Burke, the CEO of E’s parent, NBCUniversal, was decidedly not in a partying mood. “I want to kill myself,” he said before ducking into an elevator. “They tried to get me to do the red carpet, but I said ‘no’,” he laughed. When the doors opened, a woman asked him to pose for a picture with the Olympian swimmer Ryan Lochte. “You’re a good sport to put up with all of these suits,” he told Mr. Lochte, leaning in for the photo. In the two years since Comcast Corp.CMCSA -0.38% bought NBCUniversal, Mr. Burke has shown a zeal for shaking things up with little sentimentality, weeding out some of the company’s most well-known personalities in the process.

BF-AF641_BURKE_NS_20130823163306 BF-AF642A_BURKE_G_20130823192106 Read more of this post

ESPN President: Wage Stagnation, Not Technology, Is the Biggest Threat to the TV Business

ESPN President: Wage Stagnation, Not Technology, Is the Biggest Threat to the TV Business

By Derek Thompson

BRISTOL, CONN. – When John Skipper, the president of ESPN, wants to worry about the future of the most valuable media company in the world — not just think anxiously, but actively worry — he doesn’t focus on Google trying to buy exclusive rights to the NFL. He doesn’t think about Apple going head-to-head with the cable companies. He doesn’t think about CBS, or NBC, or FS1. If there’s any acronym that truly scares him, it’s CBO. Read more of this post

Cablevision Clock Ticking as Paulson Sees Sale: Real M&A

Cablevision Clock Ticking as Paulson Sees Sale: Real M&A

Time may be running out for Cablevision Systems Corp. (CVC) to find a buyer.

With its highest valuation in two years, the $4.8 billion cable operator founded four decades ago by Charles Dolan should take advantage of a surge in cable matchmaking to sell, according to Macquarie Group Ltd. Bethpage, New York-based Cablevision jumped 42 percent in just eight weeks as speculation heated up about deals in the industry and shareholders Paulson & Co. and Gamco Investors Inc. said a sale is likely. Read more of this post

Spanish football offside as excesses cast shadow on new season; Spain’s economic crisis hits debt-fuelled clubs hard

August 23, 2013 2:14 pm

Spanish football offside as excesses cast shadow on new season

By Tobias Buck in Madrid

When FC Barcelona travel to Málaga on Sunday for their second match of the Spanish football season, fans are likely to witness a profoundly uneven contest.

Barcelona are the reigning champions ofSpain and hailed as one of the best sides to have ever played the game. The team includes Lionel Messi, the four-time European footballer of the year, as well as Neymar, a Brazilian forward who joined Barca for an eye-popping €57m this summer. Read more of this post

Since Citi Bike launched in late May, the number of complaints about America’s largest bike-share system have decreased sharply—even as ridership increased

Updated August 23, 2013, 10:17 p.m. ET

Bike-Share Complaints Drop, for Now

Calls to City’s 311 Line Fall Sharply Even as Ridership Shoots Up

DEREK KRAVITZ

NY-CN602A_NYCIT_NS_20130823170903

When Citi Bike launched during the last five days of May, users called 311 an average of 17 times a day to complain about malfunctioning stations, app glitches and other kinks, according to city data. But since then, the number of complaints about the nation’s largest bike-share system have decreased sharply—even as ridership increased, according to city data. Read more of this post

Richard Vedder: The Real Reason College Costs So Much; The expert on the economics of higher education explains how subsidies fuel rising prices and why there’s a ‘bubble’ in student loans and college enrollment

August 23, 2013, 7:08 p.m. ET

Richard Vedder: The Real Reason College Costs So Much

The expert on the economics of higher education explains how subsidies fuel rising prices and why there’s a ‘bubble’ in student loans and college enrollment.

ALLYSIA FINLEY

Another school year beckons, which means it’s time for President Obama to go on another college retreat. “He loves college tours,” says Ohio University’s Richard Vedder, who directs the Center for College Affordability and Productivity. “Colleges are an escape from reality. Believe me, I’ve lived in one for half a century. It’s like living in Disneyland. They’re these little isolated enclaves of nonreality.” Read more of this post

Lofty Profit Margins and Shrinking Share of GDP Going to Worker Compensation Hint at Pain to Come for Stocks

Updated August 23, 2013, 5:24 p.m. ET

Lofty Profit Margins Hint at Pain to Come for Stocks

With Margins Near Record Levels, It Looks Like There’s Only One Direction for Shares to Go

MARK HULBERT

BF-AF624_HULBER_G_20130823160303

Profit margins at near-record levels—watch out below! If you are wondering what might prove to be the stock market’s Achilles’ heel, look no further than its dependency on near-record corporate profit margins. Any sizable decline would almost certainly translate into big losses for the stock market. Given the current high levels, such a retreat seems likely. Investors therefore may want to begin building up a healthy cash position to take advantage of lower prices in coming years. Read more of this post

Discount stores thrived during the recession, but that may be approaching an end for all the wrong reasons. It highlights the nation’s uneven economic recovery; many Americans still aren’t benefiting from riding the wave of higher stock and home prices

The end of the dollar store recovery

By Nin-Hai Tseng, Writer August 23, 2013: 10:18 AM ET

Discount stores thrived during the recession, but that may be approaching an end for all the wrong reasons.

FORTUNE – Dollar stores were one of the few bright spots in U.S. retail during the Great Recession as cash-strapped consumers looked to do more with less. And while many are still going to these discounters for bargains, they’re also buying less. On Thursday, Dollar Tree (DLTR) reported that its second-quarter profit rose 4.6% from a year earlier — its stock jumped after the discount retailer raised its forecast for the rest of the year, but profits reflected a relatively modest increase for a company that saw double-digit earnings growth for the past five years. Read more of this post

Indonesia unveils emergency fiscal package to revive confidence

August 23, 2013 12:19 pm

Indonesia unveils emergency fiscal package to revive confidence

JAKARTA, August 23 – Indonesia’s government unveiled an emergency fiscal package on Friday to promote foreign investment, reduce imports and prop up itstumbling rupiah currency, as it struggles to revive confidence in southeast Asia’s largest economy. The intervention follows a punishing week for emerging markets, with currencies from Brazil to India shaken by fears of higher global borrowing costs and a reduction in cheap cash from the US. Read more of this post