TWC, Comcast meddle in Mets' minority purchase; Netflix seen dooming cable

Cable industry news from across the Web:

> David Einhorn's plan to offer $200 million for a minority investment in the financially hurting New York Mets baseball team is being opposed by Time Warner and Comcast because it might not include a stake in the SportsNet New York network the two jointly own. Story

> Wall Street Daily's Justin Fritz is predicting that "cable providers are ultimately doomed" because Netflix is the "new normal of media consumption." Story

> Sony lost $3.1 billion in fiscal 2011 even though television revenues were up "due to higher subscription and advertising revenues." Story

> The New York Times has picked up on early reports that Charter Communications' initial response to tornado victims in Alabama was that they would have to return their cable boxes or pay possible late or replacement fees. The MSO later said it wouldn't charge for lost or destroyed boxes. Story

And finally ... Time Warner Cable has confirmed earlier reports that it's hiring XL Group's Irene Estevez as its new CFO. Story

Suggested Articles

NCTC and Imagine Communications are working together on ad tech for broadcasters, content owners, MVPDs and virtual MVPDs.

Thanks to some recent data drops from Google and Disney, the scope of the virtual MVPD market in the U.S. is coming into sharper focus.

Sinclair’s new regional sports network with exclusive TV access to the Chicago Cubs has slid into a distribution deal with Hulu + Live TV.