Netflix on S&P List, New York Times Booted Off
December 11, 2010
Short honk: In a broad sense, you have to “hunt” for movies on Netflix. That hunting is close enough to search to permit me to note “Netflix Joins the S&P 500.” Netflix is, like Facebook and Apple, redefining what dominates the Web and what doesn’t.
Netflix is now on the S&P 500, a long-in-the-tooth service for the suspender and Gucci crowd. However, the big news is that the New York Times, once the toniest of the tonies, was given the old boot in the tail feathers.
The Washington Post said “bad news for traditional media.” Maybe, but not unexpected or unwarranted in my opinion.
Stephen E Arnold, December 11, 2010
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