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Shares of CBS surged to a two and a half year high on the same day the network cancelled Two and a Half Men.
Investors looking for a pull back are wondering if Tuesday's stock market weakness is the start of a quick sell off, but it may not be.
CEO Les Moonves said in the earnings call that the scatter market —when marketers buy ads at the last minute—was "extremely hot in the fourth quarter and continues to be up even hotter," now up 40 percent over the upfront ad period.
What follows is a roundup of corporate earnings reports for Wednesday, Feb. 16.
On the heels of a slew of positive of earnings reports (DIS, TWX, CMCSA) on the return of the advertising market and booming political ads last quarter, we can expect CBSspacer to report more ad gains.
Remarkably, Sheen's shenanigans haven't scared away advertisers — the show has been broadcast with a full commercial load and strong pricing every single week.
In agreeing to buy The Huffington Post for $315 million, AOL is putting what appears to be a significant premium on the ability to attract and build a community of readers, the New York Times reports.
Today Deloitte released its annual "State of the Media Democracy" survey; it showed which media and companies are dominating in this new digital landscape.
We look at some of the most famous family business feuds of the last century. From the breakup to the makeup and everything in between.
CBS stock moved south starting at around 2:15 pm, at one point off as much as 2 percent. It happens that at 2:20pm Eastern TMZ posted a report that Charlie Sheen was rushed to the hospital this morning on a stretcher. Charlie Sheen happens to be the highest-paid actor on television, and the star of the top TV sitcom, CBS' 'Two and a Half Men.'
Today the DOW hit that crucial 12,000 benchmark, and it's worth taking stock of how the index's three media and telecom stocks have fared since the last time we saw 12,000.
Americans watched more television than ever in 2010, according to the Nielsen Company, and the generation-long shift to cable from broadcast continued, the New York Times reports.
Comcast, which is poised to buy control of NBC, may be more cautious than the network’s current owner, GE, the New York Times reports.
The blogs and social networks were all a-twitter, if you will, chatting about the latest billionaire to donate the majority of their fortune to charity.
Google is making the leap from digital librarian to merchant in a challenge to Amazon.com Inc. and its Kindle electronic reader.
Stocks struggled to end in positive territory but ended down as sovereign debt concerns in the euro zone kept a check on gains throughout the session. News that the Obama administration will work with Republicans on the tax dispute gave a brief lift to stocks. BofA and Procter & Gamble fell.
Stocks lost ground in the final minutes of trading after moving higher in the wake of news that the Obama administration will work with Republicans on the tax dispute. Rising worries over sovereign debt concerns in the euro zone kept a check on gains throughout the session. BofA and Procter & Gamble fell.
CBS News is completely overhauling "The Early Show" to give the broadcast team a fresh look. Co-anchors Harry Smith and Maggie Rodriguez are out, along with weather forecaster Dave Price, the network said on Tuesday.
Digital distribution was front and center in Time Warner's earnings conference call and CEO Jeff Bewkes detailed the various opportunities the company sees in making its content available everywhere.
With Election Day looming the pace of political ad spending continues to accelerate — this is sure to be a record year. Political ad spending is on track to top $3 billion; not only is that far ahead of the $2.4 billion spent during the last mid-term elections, it even exceeds the $2.7 billion spent during the 2008 presidential campaigns.