Some of Tuesday's midday movers:» Read More
Today we received his eyes in the mail!! IT'S GOOD TO BE KING...OF ALL MEDIA Looks like Big Media is not suffering from an economic downturn (except for Time Warner). Steve Wonsiewicz runs Fresearch.
Media giant Viacom spacer beat Wall Street expectations with strong profits driven by its cable networks (including MTV) and its "Rock Band" video game franchise. Net income grew 33 percent over last year's quarter (excluding an investment write down) to $270 million, while revenue was up 15 percent in the period to 3.12 billion.
Despite recession fears do strong results from MasterCard, Corning, and CBS suggest that consumers are still happily forking over cash?
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 stock has been beaten down over the past year--down some 30 percent. But today the stock is up on the company's better than expected quarterly results. And good news for shareholders, CBS spacer raised its quarterly dividend from 25 cents per share to 27 cents per share.
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.
Ratings could be better, so could the economy and advertising spending. What is CBS doing to halt the tumble in it stock price? Stay tuned.
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?
Paramount said it would join forces with two other studios, MGM and Lionsgate, to introduce a premium channel and video-on-demand service beginning in the fall of 2009
Ever since media mogul Sumner Redstone split Viacom and CBS into two separate companies (he's chairman of both), they've become increasingly competitive. And just this Sunday, Viacom's Paramount Pictures studio said it's no longer going to distribute movies to CBS' Showtime.
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.
The Wall Street Journal, citing unnamed CBS News executives and people close to Katie Couric, said on Wednesday she could leave her job as anchor of the "CBS Evening News" well before her contract expires in 2011.
Today, Adobe unveiled its new media player with the idea of tapping into the market for online video that's been growing by double digits year-over-year. The key to this new player? It works online and offline, and it's based on Adobe's new "Air" technology that works with any platform, Mac or PC.
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.
Sentimental people might have been hoping for Davidson to pull out the upset last night, but CBS really wanted to Kansas. Why? Because Cinderellas don't draw. We have the proof.
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.