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CBS and Walt Disney are in talks to team up with Apple on a new service that would offer television subscriptions over the Internet, according to a report by the Wall Street Journal.
Stock index futures mostly held their ground and indicated a higher open, despite a report showing the economy grew at a much slower pace than thought in the third quarter.
In today's trading session, a total of 66 stocks in the S&P 500 reached new 52-week highs. Here is a look at those companies.
In today's trading session, a total of 41 stocks in the S&P 500 reached new 52-week highs. Here is a look at those companies.
CBS chief Leslie Moonves says advertisers are now paying 25 percent more for TV commercial time than they did earlier in the year.
Today Les Moonves told CNBC that advertisers are coming back into the marketplace and that advertising, which CBS depends on, is looking bullish.
Brian Roberts is on track to run a massive, vertically integrated media giant. But unlike some of his fellow media moguls, he doesn't have high-profile family drama (Sumner Redstone), spark controversy in the media by picking fights with Google (Rupert Murdoch), and he's not a fixture on the red carpet (Bob Iger).
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GE's is in the process of selling a majority stake in NBC Universal to Comcast, which will create a new vertically integrated media giant.
Analysts say the TV spectacle will play a critical role in rekindling consumers' desire to spend on lingerie, which was hit hard during last year's recession
Since Sumner Redstone split up CBS and Viacom, the two companies have had an increasingly acrimonious relationship.
CEO Les Moonves boasted on CBS' earnings call that each consecutive quarter this year the company's results have improved and that the operating environment for the business continues to improve.
S&P Futures dropped about 10 points as the October Unemployment rate hit 10.2 percent, the highest since April 1983. While this will be the headline in the papers, bear in mind that unemployment in the 1982 recession peaked at 10.8 percent at the end of 1982.
Rumors are swirling that Oprah will give up her daytime syndicated talk show, to bring the show, and her full focus to OWN: The Oprah Winfrey Network, in mid-2011.
Many companies have reported impressive third-quarter earnings results, but expect better numbers next quarter, said Sam Stovall, chief investment strategist at Standard & Poor’s. He shared his earnings outlook and what he expects in the fourth-quarter.
Viacom kicks off a barrage of media giant earnings when it reports before the bell Tuesday morning.
Viacom and its Paramount studio, Lionsgate and MGM broke off from CBS' Showtime last spring when they couldn't strike new distribution deals, so they decided to launch their own premium movie channel.
Shares of CBS have fallen 16 percent in the last week, but option traders were bullish on the network yesterday.
It's been a major media Monday -- Wall Street analysts have been upgrading media conglomerates left and right. The stocks have been benefiting, gaining more today than the major indices.
Google is sure to shake up the digital book business with is new platform to sell e-Books. In classic Google-fashion it's becoming a "frenemy" — both a competitor and a new driver of revenue — for the likes of Amazon.com and BarnesandNoble.com.