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CNN Live At Daybreak
MSN Tests Free Online Video Service
Aired October 14, 2003 - 06:49 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little 'Business Buzz' right now. A couple of Internet providers are rolling out cheaper services to attract new subscribers.
Carrie Lee has more from the Nasdaq market site.
Good morning -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
A free and a reduced price online service, so good news for consumers here. Starting today, according to "The Wall Street Journal," Microsoft is going to be testing a free online video service called MSN Video with over 15,000 consumers. This MSN service is set to debut sometime next year, early next year, and let viewers view clips from news, sports and entertainment television programs.
Now this service is going to undercut RealNetworks and Yahoo!, which both charge for similar services. Microsoft is hoping that by offering more services, companies will advertise online instead of on television. So that's what's happening at Microsoft.
Meanwhile, at AOL Time Warner, the America Online division is getting ready to launch a bare bones dial-up Internet service for $9.95 a month. This is a lot lower than the normal flagship service which costs about $24 a month. AOL Time Warner is hoping that this service will help it retain customers. There is a risk of cannibalizing, though, people might go from the higher to the lower price. The new service is going to be under the Netscape name to protect AOL's brand image. Of course AOL Time Warner also the parent company of CNN.
Quick check on the futures. Looks like we could see a bit of a higher open after decent gains yesterday. The Dow, the Nasdaq, the S&P all ending higher, as you can see. Johnson & Johnson, one of the big companies to report profits for the recent quarter this morning, the Street is looking for 68 cents a share this time around versus 60 cents last year. This is the first big drug company to report profits, Carol, so you can bet that it will be a proxy for other names in this sector.
Back to you.
COSTELLO: All right, Carrie Lee, live from the Nasdaq market site this morning.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired October 14, 2003 - 06:49 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little 'Business Buzz' right now. A couple of Internet providers are rolling out cheaper services to attract new subscribers.
Carrie Lee has more from the Nasdaq market site.
Good morning -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
A free and a reduced price online service, so good news for consumers here. Starting today, according to "The Wall Street Journal," Microsoft is going to be testing a free online video service called MSN Video with over 15,000 consumers. This MSN service is set to debut sometime next year, early next year, and let viewers view clips from news, sports and entertainment television programs.
Now this service is going to undercut RealNetworks and Yahoo!, which both charge for similar services. Microsoft is hoping that by offering more services, companies will advertise online instead of on television. So that's what's happening at Microsoft.
Meanwhile, at AOL Time Warner, the America Online division is getting ready to launch a bare bones dial-up Internet service for $9.95 a month. This is a lot lower than the normal flagship service which costs about $24 a month. AOL Time Warner is hoping that this service will help it retain customers. There is a risk of cannibalizing, though, people might go from the higher to the lower price. The new service is going to be under the Netscape name to protect AOL's brand image. Of course AOL Time Warner also the parent company of CNN.
Quick check on the futures. Looks like we could see a bit of a higher open after decent gains yesterday. The Dow, the Nasdaq, the S&P all ending higher, as you can see. Johnson & Johnson, one of the big companies to report profits for the recent quarter this morning, the Street is looking for 68 cents a share this time around versus 60 cents last year. This is the first big drug company to report profits, Carol, so you can bet that it will be a proxy for other names in this sector.
Back to you.
COSTELLO: All right, Carrie Lee, live from the Nasdaq market site this morning.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
