Some of the names on the move ahead of the open.» Read More
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.
The tech titans and media moguls schmoozed and chatted through the first full day of meetings at the Allen + Co. Conference. It was a quiet day in terms of deal buzz; perhaps largely because the Yahoo folks haven't arrived yet.
Stop Trading begins with a discussion of deterioration in the market at the end of the trading day, and directs much of the blame to banks. There are a few lights at the end of the tunnel.
Lehman Brothers analyst Anthony DiClemente returned from July 4 weekend with a negative outlook on the media giants, downgrading the entire sector to negative. DiClemente is concerned that digital distribution changes will "disrupt the core economic models of the majority of film and TV content."
Media stocks have tanked. A chart of the media conglomerates performance over the past 12 months is flat-out ugly. They're all in the red, and all but Disney have underperformed the Dow, and it's still down about five percent over the past 12 months.
There are a lot of downdrafts in the media-business atmosphere right now, but Tuna Amobi of Standard and Poor's has "strong-buy" ratings on a couple of high-profile companies.
The SEC just approved the plan to split the company's fast and slow growing divisions. A common strategy in this media landscape where old media seems slow and archaic compared to dynamic web-fueled growth.
A big surprise considering the economic downturn and the challenges and new competition network TV faces. The broadcast networks are bringing in about $9.2 billion for their primetime lineups, up slightly from last year, while analysts expected total sales to be flat to down.
Though the Weather Channel's owner, Landmark Communications, was originally looking for $5 billion for the asset, which includes mobile and online, now the bids are coming in at some $3.5 billion in stock and debt. Bankers telling me that the number has come down with the turmoil in the credit markets.
A consortium including NBC Universal and Blackstone Group bidding for the Weather Channel is offering about $1.8 billion in equity for their bid, or roughly half the total offer, a source familiar with the matter said.
Comcast 's digital unit is on target to turn profitable this year as revenues from search and advertising partnerships with Google and Yahoo exceed expectations, senior executives said.
Following are the week’s biggest winners and losers. Find out why shares of Abbott Labs and Starbucks popped while CBS and Dillard's dropped.
For the week ending Friday, May 16, 2008, the U.S. Equity Markets ended the week up with all of the major indices up ~2% or more as stocks gained from M&A news, easing inflation worries, and strong earnings results. Oil and gasoline continued to hit new record highs as the dollar declined against major currencies.
Stocks rallied for a second day Thursday as traders found cause for optimism and technology stocks blazed the trail.
CBS is planning to buy CNET for nearly $2 billion. Will the acquisition help right the course at CBS which is down more than 30% in the last nine months?
Stocks bounced back from a weak open after a better-than-expected report on manufacturing.