This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Armstrong Pulls No Punches, Blackout Anniversary: Media Roundup

Stocks in this article: WPO AOL

The finger-pointing and arguably bad publicity for both companies may be a boon for Aereo, the online TV service which CBS and its rival networks would like to see shut down. Nonetheless, Aereo CEO Chet Kanojia told TheStreet that the blackout reflects the inherent problems in an industry that sells packages of disparate channels to consumers who want alternatives to the cable-TV bundle.

Aereo Stays Calm as CBS-TWC Squabble

"It is a commentary on the state of the industry and why alternatives should be recognized, embraced and permitted because it creates a vibrant market," Kanojia said.

Aereo faces the likelihood that the essence of its business, taking free-over-the-air broadcast signals and selling them to consumers for a monthly fee, will ultimately be decided in court. The case could go to a federal trial early next year in the Southern District of New York in Manhattan. Kanojia says the threat of that court case hasn't slowed Aereo's rollout. The company is planning on beginning service in Miami, Chicago, Houston and Dallas next month. Aereo can currently be accessed in New York, Boston, Atlanta and Utah.

"We believe that consumers have the ability to have an antennae, and Aereo is just a technologically fabulous way of a consumer having a remote antannae," he said. "Clearly a court case creates an impact, but if you look at the court's opinions thus far they are very detailed and comment on the merits of the technology and how we would prevail. So, we take good comfort in that and continue to invest in our buildout."

Meanwhile, Time Warner Cable has lost 6.3% since the blackout began while CBS has declined 4.9%.

Elsewhere, The Washington Post of the soon-to-be-renamed Washington Post Co. (WPO) announced a promotional campaign of 99 cents for the first month of all-digital access followed by a $9.99 charge for every four weeks thereafter. The promotion is part of a wider metered-paywall the Post put into effect in mid-June, and not tied to the newspaper's recently announced sale to Amazon's (AMZN) Jeff Bezos.

Nonetheless, we expect Bezos to take similar actions to increase traffic at The Washington Post's handsome and well-functioning Web site. If Bezos has taught us anything, it's that online businesses are most effective when fewer obstacles exist to getting eyeballs.

-- Written by Leon Lazaroff in New York

>To contact the writer of this article, click here: LeonLazaroff.>.

2 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs