The presidential race next year is expected to add a significant revenue stream for media companies, which could send those shares higher.» Read More
If you missed this year's upfront presentations, here are some key takeaways.
The networks said revenue was mainly driven by pay-per-view purchases in the United States, where the fight was bought 4.4 million times.
LOS ANGELES, May 12- The "Fight of the Century" between boxing greats Floyd Mayweather Jr. and Manny Pacquiao generated record pay-per-view revenue in the United States of $400 million from 4.4 million buys, cable networks Showtime and HBO said on Tuesday. The Mayweather-Pacquiao fight was co-produced and co-distributed by Showtime, a unit of CBS Corp, and Time...
BOSTON, May 12- Investors in some top U.S. media companies have had a rough ride as their shares have lagged the rest of the market. The CEOs of 11 major media companies were given median compensation of $32.9 million for 2014, much higher than any other industry group in the Standard& Poor's 500 index, according to regulatory filings posted in the first four months...
The final season will feature long-time host Ryan Seacrest and current judges Jennifer Lopez, Keith Urban and Harry Connick, Jr, Fox said. Fox, owned by Rupert Murdoch's Twenty-First Century Fox Inc, said in February last year that it expected to wind down American Idol after lower ratings led to a fall in advertising revenue in the company's TV unit.
In the past year, Silicon Valley's hottest start-ups have turned the market on its head. Here's how 10 CNBC Disruptors made a difference.
The popularity of the show, which launched the careers of stars such as Kelly Clarkson and Carrie Underwood and spawned shows such as CBS's "Rock Star" and NBC's "The Voice", has declined in recent years. The 15th season will feature long-time host Ryan Seacrest and celebrity judges Jennifer Lopez, Keith Urban and Harry Connick, Jr.. Fox Television is owned by...
Television viewing has plummeted 9 percent so far this season compared with the previous season, the NYT reports.
Dish Network reported a 3.6 percent rise in revenue as more revenue per user in its pay-TV business made up for a fall in total number of subscribers.
The U.S. Court of Appeals for the District of Columbia Circuit ruled against the Federal Communications Commission, which last year asked various U.S. media companies to disclose their contracts with pay-TV providers to help with the reviews of Comcast Corp's now-withdrawn proposed merger with Time Warner Cable Inc and AT&T Inc's proposed acquisition of...
Leslie Moonves, CBS Corp. CEO, discusses investment outlooks when it comes to spectrum, David Letterman's final countdown, and the Mayweather-Pacquiao controversy.
Leslie Moonves, CBS Corp. CEO, discusses the future of TV, bundle services and business strategies.
Some of the names on the move ahead of the open.
*Earnings/share 78 cents vs. est. 75. May 7- CBS Corp, owner of the most-watched U.S. CBS, whose network is home to naval intelligence drama "NCIS" and comedy "The Big Bang Theory," said revenue from affiliates and subscription fees rose 10.8 percent in the three months ended March 31.
Check out the companies making headlines after the bell Thursday: CBS, Monster Beverage, Rocket Fuel & more.
*Alibaba jumps on better-than-expected revenue. *Yelp jumps on report it is exploring sale. Strong quarterly results from Alibaba as well as speculation that consumer review website Yelp.com could be for sale drove technology stocks higher, with the S&P tech index up 0.87 percent.
May 7- CBS Corp, owner of the most-watched U.S. The company's net income from continuing operations fell to $394 million in the first quarter ended March 31 from $462 million, a year earlier. Earnings per share were unchanged at 79 cents as the weighted average number of common shares outstanding declined.
May 7- Sumner Redstone, the 91- year-old owner of Viacom Inc and CBS Corp, said on Thursday the decision on who will succeed him as chairman of both media companies has not been made and that he is still in charge. Redstone controls about 80 percent of the voting shares in CBS and Viacom through a holding company, National Amusements. Viacom CEO Philippe Dauman and...
Analysts had expected the media company to report earnings of 75 cents a share on $3.45 billion in revenue.
May 7- Hardwood retailer Lumber Liquidators Holdings Inc said it would suspend sales of all laminate flooring sourced from China, following allegations that the products contained excessive levels of cancer-causing formaldehyde. Lumber Liquidators' shares rose as much as 7.2 percent in early trading on Thursday. "Despite the initial positive air quality...