And March Madness starts its move to cable under a new deal struck by CBS Links of London Turner Broadcasting to share the NCAA men's basketball tournament. While everything appears to be coming up roses with advertising, threats that consumers might cut their cable cords has Wall Street worried silly. At a time when the number of traditional video subs is shrinking for the first time, the notion that digital upstarts could cause a fundamental change in the content creation and distribution ecosystem is affecting the earnings multiples investors assign to media stocks, limiting their upside. Chief among the skunks in the media garden party is Netflix, which is able to stream movies and television shows directly to TV sets for about a month, well below the cable bills some consumers are balking at as times valentines Day bracelets tougher. Jeff Bewkes, CEO of Time Warner, a company whose stock analysts say has been particularly impacted by cordcutting fears, has been taking aim at Netflix in recent statements. Bewkes recently suggested that Netflix won't be able to get access to expensive content without paying higher fees than it does now. This year, one of Netflix's biggest deals one with Starz that gives it access to movies from Sony and Disney expires. Netflix is now paying an estimated million to Starz per year, and analyst Richard Greenfield of BTIG Research estimates a new deal could cost times that. But not everyone's afraid of Netflix. In December, Disney signed a deal that lets Netflix distribute shows from ABC, Disney Channel and ABC Family over the Internet days after they're initially telecast. According to reports, Disney Links of London C Charm getting , to , per episode for its shows significantly less than it gets in syndication. But the one year deal's total value, estimated at million to million, demonstrates that a little bit of green will go a long way in the new year. Lt. Crofton described the suspect as a white male about six feet tall or more with a medium build wearing a red bandana with black writing on it, a black hooded sweatshirt with the hood pulled up and brown pants and shoes. Jan. Scranton police are looking for an alleged armed robber who fled on foot after holding up a Wyoming Avenue bank. Scranton Police Lieutenant Martin Crofton said a man entered First Liberty Bank and Trust, Wyoming Avenue, about p.m. pointing a gun in front of him. After jumping on the counter and demanding money, the robber fled on Larch Street toward North Washington Avenue with an undetermined amount of cash, Lt. Crofton said. There were six employees and one customer in the bank at the time, police said. Lt. Crofton described the suspect as a white Links of London B Charm about six feet tall or more with a medium build wearing a red bandana with black writing on it, a black hooded sweatshirt with the hood pulled up and brown pants and shoes. A clerk then activated the bank's panic alarm, prompting the police response. No one was injured during the holdup, according to Lt.
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