Viacom names Philippe Dauman executive chairman, replacing the ailing Sumner Redstone after three decades at the helm of the media company.» Read More
"Even though MTV made many strategic mistakes during the book’s span, from its 1981 launch through its first decade, they were still, at every turn, smarter than the record labels, whose relationship with MTV passed through four distinct phases, all of them unwise," writes the co-author of the new book, "I Want My MTV."
On Thursday, Netflix announced it inked a deal for shows from the CW network. This new content, bolstering the streaming service's TV library, will draw a key younger demographic to Netflix while paying CW's parents, CBS and Warner Brothers, up to $1 billion dollars over ten years.
Check out our list of rookie athletes who received huge paydays to play for major league teams!
Like newspapers, portals like AOL and Yahoo are confronting the cold fact that there is less general interest in general interest news. Readers have peeled off into verticals of information — TMZ for gossip, Politico for politics and Deadspin for sports, and so on. The New York Times reports.
There's been much talk about the SEC's television contracts and how the addition of Texas A&M would change the conference. If the conference is different, even by one member, the thinking goes that the SEC could re-open its television deals with CBS and ESPN, deals that were signed in 2009 and now seem to be below market value. But adding A&M won't mean that CBS and ESPN will automatically have to pay more than the $825 million and the $2.25 billion they respectively agreed to pay for 15 years of rights. Why? Because there's already protections in its current contract.
Find out the name Fast trader Patty Edwards thinks is the best way to find shelter in this economic storm.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Amid weak economic data and advertising sales, media companies are looking for additional sources of revenue to supplement lagging advertising sales. Because CBS relies heavily on advertising revenue, its stock may have hit its peak, one analyst said—but another analyst is still long on the media giant.
How should you trade CBS earnings, a big Walmart downgrade and the latest sales data from Ford. Get the word on the Street, here!
A look at after hours action of CBS following its earnings report, with the Fast Money traders.
Stocks sold off sharply to end at session lows Tuesday with the Dow down for an eighth day amid economic worries and even after President Obama signed a bill to avoid a debt default.
Discussing which media stocks are likely to remain on a strong run, with Michael Morris, Davenport & Company, and Porter Bibb, Media Tech Capital Partners.
Stocks declined Tuesday amid worries over economic growth and as a last-minute congressional deal to raise the U.S. debt ceiling failed to ease worries about a possible U.S. credit downgrade.
Hulu has helped to free television from the tyranny of the TV set, but questions about how to make money off online content pose a challenge to the Web site’s future and eventual buyer, the New York Times reports.
Following are moves you might have missed. Find out why shares of CBS and Boeing popped while Hanes and United Technologies dropped.
“Watch Google stock on Friday," says Fast trader Joe Terranova. After these blockbuster results, he thinks money managers may have to chase this name!
I blogged Friday that Dykstra has started tweeting, a difficult task considering the only mode of communication in lockup is a pay phone. Who was actually running his Twitter account? This weekend, I heard from that person—Daniel Herman, who says he is Dykstra's business manager.
Attorneys for Lance Armstrong have demanded an on-air apology from "60 Minutes" after the head of Switzerland's anti-doping laboratory denied allegations the seven-time Tour de France winner tested positive for performance-enhancing drugs at the 2001 Tour de Suisse.
With May coming to an end today, here is a look at the best and worst performing stocks within the major US averages, as of midday trading.
Oprah's absence will deal a blow across the broadcast networks — to CBS which distributed the syndicated show, as well as airing it on its affiliates, along with ABC, Fox and NBC. And it wasn't just a place filler — Oprah's reliable ratings played a key role drawing viewers into local newscasts.