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Posted at 11:59 AM ET, 12/10/2010

Netflix joins the S&P 500

By The Washington Post editors

Bad news for traditional media today as Netflix knocked out the New York Times Company in a Standard and Poor's index shakeup Friday morning.

That's great news for Netflix, which seems to be having a banner week despite a CFO shuffle.

Tech companies came out on top in the reshuffle, which will take effect after trading closes Dec. 17. As Bloomberg reported Friday morning, information technology business F5 Networks Inc. was among the companies that booted the New York Times, Office Depot and Eastman Kodak from the list. Another telecommunications company, Cablevision, will replace King Pharmaceuticals, which recently merged with Pfizer.

Newfield Explorations, an oil and gas exploration company, is also joining the index.

Related stories:
Netflix adds ABC to library

FCC to look into Comcast-Level 3 dispute

FCC's pay-a-you-go Internet plans raises access questions

By The Washington Post editors  | December 10, 2010; 11:59 AM ET
Categories:  FCC, Media, Net Neutrality, Online Video  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: At FCC chairman dinner, biggest buzz comes from the crowd
Next: Upton announces GOP Commerce members -- who likely won't focus on telecom

Comments

No, Netflix did not knock out the New York Times. A group of companies came in, including Netflix. A group of companies went out, including the New York Times.

Your story is factually incorrect.

Posted by: TheChileanPresidentIsMuchBetterRespondingToDisastersThanObama | December 10, 2010 3:31 PM | Report abuse

It must be terribly exhausting to be such a blowhard.

Posted by: MStreet1 | December 11, 2010 11:55 AM | Report abuse

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