News of Note—Netflix, BET and CBS

Here are the other stories we're following today:

> For a brief time on Thursday, Netflix passed Disney to become the highest-valued media company in the U.S. CNN Money article

> After a career at BET spanning three decades, Debra Lee is stepping down from her position as chairman and chief executive officer of BET Networks. Deadline article

> CBS approved a quarterly dividend on the company's stock of 18 cents per share. Release