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Media Reporter, Heard on the Street — Wall Street Journal

Media, telecom & retail for Wall Street Journal's Heard on the Street; 'When in Rome, do as Miriam does'; 212-416-2679; miriam.gottfried@wsj.com

Good Isn’t Good Enough for Facebook

online.wsj.com — It is hard to be perfect. Just ask Facebook. The social network's third-quarter results, released late Tuesday, beat expectations. Sales rose 59% year over year and average revenue per user climbed 39%. Yet investors, accustomed to blowout quarters from Facebook, actually sent the stock down initially in after-hours trading. And that...

Netflix’s Move Abroad: Cost in Translation

online.wsj.com — Netflix's international slogan: Have content, will travel. But it isn't clear how well its business model will translate as it continues moving into new markets. Netflix stock tumbled after the company recently reported U.S. subscriber net additions for the third quarter that were below expectations.

Pandora Hits a Discordant Growth Note

online.wsj.com — Competition may be catching up to Pandora Media. And that isn't even its biggest hurdle. The Internet music service's third-quarter revenue and profit slightly beat expectations late Thursday. Pandora also raised guidance. But user-growth issues and worries about rising content costs drowned out those positive notes. Pandora only added a...

AT&T’s Taxing Cash Conundrum

online.wsj.com — A hefty dividend is a big lure for investors. At AT&T, it is also something of a burden. The telecom giant reported weaker third-quarter earnings and revenue late Wednesday. Intense competition continues to take its toll. But comments by AT&T's management also shone a spotlight on its cash position.

Searching for Answers at Yahoo

online.wsj.com — Yahoo Chief Executive Marissa Mayer has bought herself some time. But the clock is still ticking. Yahoo reported better-than-expected third-quarter revenue and profit on Tuesday. Revenue rose 1% versus a year earlier. That is paltry for a tech company but still better than year-over-year declines seen in some recent quarters.

Carriers Bent Out of Shape By iPhone

online.wsj.com — While fans remain loyal to Apple's iphone, carriers are another matter.

Netflix Struggles With Addition

blogs.wsj.com — For Netflix , one number still matters most: domestic subscriber net additions. The streaming video company's disappointing third-quarter figure helped wipe off more than a quarter of its value in after-market trading on Wednesday. Netflix said it added roughly 980,000 subscribers in the U.S., well short of earlier guidance for 1.33 million and the 1.29 million it posted a year earlier.

HBO Changes the Channel

online.wsj.com — HBO just put a date on the inevitable. The premium cable network said Wednesday that it would offer a stand-alone online-streaming version of its services in 2015. The move, which comes as part of owner Time Warner's broader strategy overhaul, would make HBO the first channel to move beyond the traditional cable bundle, the biggest crack yet in the pay-TV fortress.

T-Mobile, Sprint Dive Too Deep Into the Subscriber Pool

Amazon’s Pricey Movie Ticket

blogs.wsj.com — Video is all the rage at Amazon.com . The e-commerce giant is poised to spend between $1.5 billion and $2 billion on video-streaming rights and original content production in 2014 and more than $2.5 billion in 2015, Sanford C. Bernstein estimates. That is roughly 2% of consensus estimates for Amazon's revenue in each of the two years.
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Oct 30, 2014

Whoa RT @BarbarianCap: $SBUX had 90% of all mobile payments in 2013 in the US...

Oct 30, 2014

Gawker ranks new media brands and rates their chances of survival. Personally think they are too charitable w/ some. bit.ly/10705FS

Oct 30, 2014

@MikeIsaac Once a guy grabbed my friend's drink & started drinking it before he could get it from the barista. Could've been a Seinfeld ep.

Oct 30, 2014

RT @WallStCynic: The Paradox Of Leading Internet Companies-Very few of them scale w/growth. Constant "investment" with no returns. $AMZN, $NFLX, $CRM, etc.

Oct 30, 2014

RT @geoffreyfowler: Paying w Google Wallet: Tap tap tap tap tap tap to unlock phone then tap tap tap tap in app. Using Apple Pay: Tap. on.wsj.com/10xlwkB

Oct 29, 2014

SodaStream plans to close its controversial factory in the West Bank. It also plans to return focus to water. $SODA on.wsj.com/1tOPcWq

Oct 29, 2014

@ericjackson @MicroFundy @WSJheard AOL's revs are expected to rise 9.7% in '14 and 8.9% in '15. Going to need to be quite the turn for YHOO.

Oct 29, 2014

@ericjackson @MicroFundy @WSJheard It's a low multiple for a tech company, but not that low for a media company.

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