Disney (DIS) , Twenty-First Century Fox (FOXA) and a slew of others have been suffering from cord-cutting consumers who've ditched traditional cable and satellite subscriptions in favor of skinny bundles and online streaming options.
Well, these two broadcasters aren't going to sit idle any longer. Disney and Fox, which own two-thirds of online-streaming service Hulu (the other one-third is owned by Comcast's (CMCSA) NBC but it has no management role), plan to use the platform to distribute its traditional TV content.
In essence, the companies are creating their own skinny bundle. While the infrastructure is in place for them to offer a $40 a month service, which includes live hit-TV shows and ESPN, conflicts do arise -- most notably that traditional TV providers Time Warner (TWC) , Charter (CHTR) and others are customers of Disney and Fox.
The companies' content are part of the packages offered to paying subscribers by cable and satellite providers. News that Disney and Fox are planning to go over-the-top can't make them very happy.
While the situation could turn hairy, it may be what's in the content providers' best interest as consumer tastes and trends move in a different direction. Especially given that Disney and Fox have an already-functioning streaming platform, it almost makes too much sense.
Disney closed up 1.1% at $104.36 Monday, while shares of Fox were up a fraction at $30.36.
Wouldn't it be nice to be compensated millions of dollars to a run a company with a declining business? Wouldn't be even nicer to be compensated north of $50 million if you're fired in a takeover situation?
That's exactly what Yahoo! (YHOO) CEO Marissa Mayer faces right now. The chief of the struggling Internet company received a whopping $36 million in 2015. Remarkably, this is lower than the $42 million she received in the prior year.
As if these astronomic figures weren't enough, Mayer will be comped $55 million if she's fired within one year after Yahoo! is acquired -- assuming the company does indeed get bought out.
Given that revenue in 2015 are lower than they were in 2011, this compensation packages appears all of out whack. One could argue that, despite shares falling more than 27% from the recent highs near $50, the stock is still up 106% over the past five years.
While that does bode well for Mayer supporters, much if not all of those gains can be attributed to the company's large stake in Alibaba (BABA) -- a role Mayer played no role in acquiring.
With performance falling well short of exceptional, it doesn't seem fair that Mayer is compensated the way she is. More so, it's just one more thing to peeve investors, who have watched the stock struggle over the past 18 months.
Yahoo! closed at $36.53 Monday, down a fraction of a percentage point.
It's always been a mystery as to who started the Bitcoin craze. All we've known is the name, Satoshi Nakamoto. While there's been speculation that Craig Wright could be the creator, now we know for sure. Nakamoto was his pseudonym.
Wright has reportedly submitted proof that he is the creator, and some of his Bitcoin stash can be verified as original. This is according to reports from BBC, one of two publications that had access to the story.
The other is The Economist, which was a bit more skeptical. While it never dismissed Wright's claim, it did say there was no way to know with 100% certainty.
That's probably true. Then again, maybe in the world of digital currency it can be proven. For Wright, he's not seeking the spotlight, saying that his video interview with the BBC will be his only media interview.