Media Giants Ride Streaming, Cable Fees Past Ad Uncertainty

Time Warner Cable, CBS Corp and Twenty-First Century Fox each reported profits that beat Wall Street expectations for the September quarter, even as advertising showed pockets of weakness. Media companies are benefiting as consumers change their viewing habits and watch more content via online streaming options. While that’s hurt the TV ratings that determine what advertisers pay, it has opened lucrative new revenue sources from services such as Netflix and that need TV shows to lure subscribers. – Reuters via Fox Business
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