A bankruptcy court has allowed defunct video streaming company Aereo Inc to auction its TV streaming technology assets, court papers show.» Read More
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.
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.