Media

Netflix Surges 18% on 4Q Results, Outlook

Netflix shares exploded higher in after-hours trading Friday after the online movie service blew past Wall Street earnings, revenues and new subscribers expectations.

Penthouse Publisher Files for Bankruptcy

FriendFinder Networks, publisher of Penthouse and owner of numerous adult websites, files for chapter 11 bankruptcy, after losing money for at least five years.

Even ESPN Wants You to Cut the Cable Cord

ESPN is starting to explore the possibility of offering its suite of sports programming through the wide array of Web-based services that are starting to get off the ground.