Media companies rise to the S&P 500

Netflix and Cablevision are taking seats at the table of the influential S&P 500, one of the standards by which we (macro) measure American progress in general and day-to-day transactional news.

To free these seats, the following companies are being asked to quietly pick up their chips and move to a less infamous table.

  • Office Depot Inc
  • New York Times Co
  • Eastman Kodak Co

Newspapers giving way to cable distribution, no surprise given people have shown a definite preference for entertainment-news rather than traditional journalism.

And Netflix, one of my own darlings, taking the seat from an office supply chain that, I guess, can’t match Quill and Staples.

Or is Staples not long for the S&P either…

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