Netflix Enters S&P 500, New York Times Leaves It

By Alexis C. Madrigal

The New York Times' parent company has been demoted from the S&P 500, the defining U.S. large-cap stock index, while online video player Netflix ascended to take its place. As entrepreneur Dewayne Hendricks said on Twitter, it's a "sign of the times."

S&P MidCap 400 constituents F5 Networks Inc., Netflix Inc. and Newfield Exploration Co. will switch places with S&P 500 constituents The New York Times Co., Office Depot Inc. and Eastman Kodak Co.

Read the full story at Bloomberg.

This article available online at:

http://www.theatlantic.com/technology/archive/2010/12/netflix-enters-s-p-500-new-york-times-leaves-it/67846/