CBS CEO Leslie Moonves said the media company would take a look at cable news network CNN if it goes up for sale.» Read More
CNBC presenter Ross Westgate offers his view of how audiovisual and content companies are grappling with a financial meltdown across the globe from the Mipcom conference in Cannes.
As I watch the markets tumble and I hear talk not just of recession, but of depression, I have to wonder whether there's any chance 75 percent of SAG members would vote to strike, which is what it takes to get authorization.
Let's face it, nearly every industry will be touched by the turmoil on Wall Street. And as I've reported many times, the already-suffering ad industry is sure to be further hit. There are a couple issues now in play.
Microsoft is trying to make gains against Apple's iPod, and the radio industry is trying to find new ways to boost listeners to help their bottom line. Voila: Microsoft and major radio broadcasters, including ClearChannel and CBS Radio, are working together to bring listening to the radio into the digital age.
Perhaps most importantly, the CW drew its largest audience ever for a scripted show among 18 to 34 year-old women, and certainly the largest in the night in that age group. In fact this is the only night the CW has won that demographic since launching two years ago.
The zip code that launched a zeitgeist and defined a generation of TV-watchers is returning to the air waves. On Tuesday September 2, the CW Network is launching a new version of the hit "Beverly Hills 90210" that ran for 10 seasons on News Corp.'s Fox. I interviewed Dawn Ostroff, the CEO of the CW, about the network's decision to resurrect the concept.
MGM Mirage has secured another $550 million of the $3 billion in financing needed to complete the $9.2 billion CityCenter project in Las Vegas. Reuters is reporting that $300 million is coming from China Construction Bank. And: David Duchovny has voluntarily admitted himself into rehab for sex addiction. Timing good for Fox; how about CBS' Showtime?
Earlier this week, we wrote about the highest yielding stocks on the Dow. The S&P 500 also has some nice yielding stocks. If you are worried about the financials being able to continue to pay thier big dividends (with Freddie Mac's big slide, its yield is now over 20%!), there are nearly 40 stocks on the S&P that are currently yielding 5% or more. Here's a breakdown.
News Corp reports earnings after the bell and the big questions are: how are its advertising-reliant assets weathering the ad downturn? And is CEO Rupert Murdoch delivering adequate return on investment?
We're mid-way through media earnings, and a distinct trend is emerging: weakness in local ad markets is now spilling over to national cable and broadcast advertising. The media industry is facing all sorts of hurdles. Particularly unfortunate sector challenges at a time when the ad cycle is at a low.
Cramer makes the call on viewers' favorite stocks.
I have a secret. For the last four years, I've been playing fantasy college football and we've been using all the players names. For the first year, I worried that the NCAA was going to shut down the online service we use in mid-season because it's an obvious no-no for a service like this to profit off the names of players.
CBS reported a 1.1% increase in second-quarter net income and .6 percent growth in revenue over the year ago quarter. But the stock traded down on the news, Wall Street focused on CBS' outlook, which is increasingly negative, revealing greater weakness in advertising markets.
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We’ve seen some real tear jerkers in our day but this story looks unusually sad. On Monday Lehman Brothers cut the stock ratings on Disney, Time Warner, CBS and News Corp.
I remember when it used to be a bad thing to have a short attention span. Basically you had two choices; go into TV or go into radio. But now we all know those with short attention spans are today’s economic and decision drivers of everything from fashion to politics (Rudy, Rudy who?).
A federal appeals court on Monday threw out a $550,000 indecency fine against CBS Corp. for the 2004 Super Bowl halftime show that ended with Janet Jackson's breast-baring "wardrobe malfunction."
Fort Pitt Capital Group's Kim Caughey is charged up about General Electric.
Sumner Redstone, the chairman and controlling shareholder of Viacom and CBS says he loves his daughter Shari, but she doesn't have what it takes to succeed him in his role.
Redstone apparently reignited a long-running dispute with his daughter, Shari, over future control of the family media empire as father and daughter challenged each other’s version of events.