Netflix joins the S&P 500
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.
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.
Netflix adds ABC to library
The Washington Post editors
| December 10, 2010; 11:59 AM ET
Categories: FCC, Media, Net Neutrality, Online Video
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