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Discovery beat Wall Street expectations and raised its guidance slightly on broad-based advertising gains and international growth.
CBS stock rose 3.5 percent Monday, a day ahead of its quarterly earnings, which are expected to be higher on rebounding ad spending. But that isn't the only good news for CBS: the company has announced that it struck a 10 year retransmission agreement with Comcast, to distribute CBS network, local stations, College Sports TV, Showtime and the Smithsonian channel.
Here's a roundup of corporate earnings reports for Tuesday. Aug. 3.
The optionMONSTER.com co-founder discusses what companies he thinks will soon pop and why.
The new multimedia books use video that is integrated with text, and they are best read — and watched — on an iPad, the tablet device that has created vast possibilities for book publishers.
The message from media and tech companies is clear: advertising is back in a big way. This week both Sir Martin Sorrell, CEO of WPP and Disney CEO Bob Iger told CNBC that the ad market has improved from last year and continues to improve. We've seen that demonstrated in results from a diverse group of industry players, from tech giants to newspapers.
The showcasing of “Salt,” which opens in theaters on Friday, struck many longtime conventiongoers as a tipping point.
Hoo boy did I stir up a hornet’s nest yesterday by having the temerity to question whether it was “right” to publish Viacom billionaire Sumner Redstone’s hilariously stupid voice message left for an enterprising reporter at the Daily Beast.
Sumner Redstone, chairman of Viacom and CBS, is miffed by a story quoting anonymous sources depicting him as a lecherous casting-couch exec bent on forcing Viacom’s MTV to air “The Electric Barbarellas,” a reality show about a babefest band.
The Allen & Company Sun Valley Conference is the biggest annual gathering of media moguls. See some of this year's Sun Valley power players.
Hulu's long-awaited premium service "Hulu Plus" just went live. The premium, HD service is available on the iPhone, iPad, and even certain TVs and costs $9.99 a month.
A judge granted Google's YouTube motion for summary judgment in Viacom's copyright lawsuit against the online video giant. Viacom filed a $1 billion suit against YouTube back in March 2007.
Microsoft literally went Hollywood Tuesday night, unveiling its new "Bing Entertainment" search service to a star-studded audience at a private West Hollywood club.
This has been a difficult few quarters for Adobe. Not financially, but technically. At least if you believe the folks at Apple, particularly Steve Jobs who put a very public face on what he says are Adobe's severe technical shortcomings when it comes to Flash.
The fact that broadcast networks (and NBC in particular) are investing heavily in expensive content is appealing to advertisers. The networks have introduced 38 new shows, and 36 of those are scripted.
Sources tell me that ABC has finished its final upfront ad deals, and has secured 8 percent to 9 percent ad rates over last year. I don't have any details on the percentage volume increases ABC secured, but Disney's network has certainly sold closer to 80 percent of its inventory than the 65 or 70 percent the networks sold on average last year.
Advertising industry insiders tell me that Fox should wrap up its ad sales today and all the networks could complete their Upfront sales in a week. That's weeks earlier than the July 4 date expected, and months earlier than last year.
When executives at Akeena Solar wanted to give their solar panels some mainstream appeal, they looked for a way to bring brand name recognition to their little-known Andalay solar panels. Enter Westinghouse, just one brand that is getting a second life because of its appeal to Baby Boomers.
Just as what people eat can be divided into basic food groups, so, too, can television programming. Among the staples of the schedule are shows about police officers, lawyers, doctors and spies, along with series about friends, couples and friendly couples. The NYT reports.
What it was, why they thought it would work, where they went wrong and what - if anything - we all learned from these failed sports leagues.