The presidential race next year is expected to add a significant revenue stream for media companies, which could send those shares higher.» Read More
GE's is in the process of selling a majority stake in NBC Universal to Comcast, which will create a new vertically integrated media giant.
Analysts say the TV spectacle will play a critical role in rekindling consumers' desire to spend on lingerie, which was hit hard during last year's recession
Since Sumner Redstone split up CBS and Viacom, the two companies have had an increasingly acrimonious relationship.
CEO Les Moonves boasted on CBS' earnings call that each consecutive quarter this year the company's results have improved and that the operating environment for the business continues to improve.
S&P Futures dropped about 10 points as the October Unemployment rate hit 10.2 percent, the highest since April 1983. While this will be the headline in the papers, bear in mind that unemployment in the 1982 recession peaked at 10.8 percent at the end of 1982.
Rumors are swirling that Oprah will give up her daytime syndicated talk show, to bring the show, and her full focus to OWN: The Oprah Winfrey Network, in mid-2011.
Many companies have reported impressive third-quarter earnings results, but expect better numbers next quarter, said Sam Stovall, chief investment strategist at Standard & Poor’s. He shared his earnings outlook and what he expects in the fourth-quarter.
Viacom kicks off a barrage of media giant earnings when it reports before the bell Tuesday morning.
Viacom and its Paramount studio, Lionsgate and MGM broke off from CBS' Showtime last spring when they couldn't strike new distribution deals, so they decided to launch their own premium movie channel.
Shares of CBS have fallen 16 percent in the last week, but option traders were bullish on the network yesterday.
It's been a major media Monday -- Wall Street analysts have been upgrading media conglomerates left and right. The stocks have been benefiting, gaining more today than the major indices.
Google is sure to shake up the digital book business with is new platform to sell e-Books. In classic Google-fashion it's becoming a "frenemy" — both a competitor and a new driver of revenue — for the likes of Amazon.com and BarnesandNoble.com.
Media mogul Sumner Redstone's holding company, National Amusements, said Wednesday it is selling a portion of its stake in CBS and Viacom to pay off its debts.
As we await the media giants’ third quarter earnings, some optimistic signs are emerging that the ad markets may be about to turn around. Double-digit declines in ad spending across the board has particularly slammed companies like CBS, which relies on ads for more than two thirds of its revenue, and dragged down the results at ABC and NBC.
Two weeks into a new season, the talk of television is the Leno effect — and whether it is hazardous to NBC’s health.
I think you're going to have a pretty tough time deciding who deserves to be named Worst of the Worst this week in the realm of business, finance, and money. Here are our nominees for this week's Call of Shame. Vote at the bottom for a winner...er, loser.
Good news on the advertising outlook from J.P. Morgan, which this morning revealed some upbeat results from a proprietary survey about ad spending for the second half of the year.
David Letterman apologized on the air Monday to his wife, Regina, for his revelation last week of his sexual relationships with staff members, saying she had been “horribly hurt” and adding, “I’ve got my work cut out for me” to mend the relationship.
In the interest of maybe helping someone who’s out of work and losing hope, this is my story. When I heard this morning that the unemployment rate is at its highest level since June 1983 I went “wow.” That’s when I happened to enter the job market after graduating from USC in mid-May of that year. Or, at least that’s when I tried to enter the job market.
Stocks opened lower Friday after a report showed job losses were far worse than expected in September. Is this the beginning of a market correction? David Spika, VP and investment strategist at WHG Funds and Michael Yoshikami, president and chief investment strategist at YCMNET Advisors and CNBC contributor shared their insights.