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.
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.
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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
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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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