Stocks closed mixed in thin trading Tuesday as the tide turned in technology's favor. Airline stocks rose as oil prices receded. Merck skidded after an FDA rejection.
Cramer called the media firm a "wasting asset."
CBS reported a greater-than-expected rise in earnings on Tuesday, helped by healthier results from its television business, and boosted its dividend by 8 percent.
You may think it's all about the Fed in the week ahead, but other key economic news will keep the markets on edge. Data to watch includes first quarter GDP Wednesday; Friday's jobs report for April; another big rush of corporate earnings reports, including from big oil and media companies. Other economic data: consumer confidence for April, released Tuesday, and the S&P Case Shiller report on housing prices.
Earnings season turns the spotlight on Time Warner, Viacom and other big media names next week. How should you trade it?
Media companies are floundering as investors fear recession and, more importantly, the unknown implications of the digital age. Are there buying opportunities amid the rubble?
Talk about a great couple of days last week: Wednesday into Wednesday night, I get to hang out with Bon Jovi during their Silicon Valley visit for a story on the technology the band uses in its show.
CBS, the home of the most celebrated news division in broadcasting, has been in discussions with Time Warner about a deal to outsource some of its news-gathering operations to CNN, two executives briefed on the matter said Monday.
When NBC Universal presents next season's television schedule Wednesday, it will do so six weeks ahead of the other major U.S. networks, providing its new prime-time shows with an added shot of publicity and buzz.
TV advertising is considered the most effective way to reach the masses. But until now it's only been accessible to those with hundreds of thousands of dollars to spend. But that's in the past Thanks to a new technology from ad innovator Spotrunner, candidates in every one of the 500,000 elections this year--no matter how small--will be able to buy TV ads.
Online advertising is the fastest-growing segment of the ad industry. Standard offerings like TV commercial and print ads are all trying to keep advertisers interested, but it's online ads that are measurable, offering complete accountability.
I met up with several Wall Street analysts last night and everyone was talking about cable properties being on fire. Everyone taking a close look at the cable entities driving the media giants--like ESPN--and the ones now on the auction block.