Some of the names on the move ahead of the open.» Read More
Stocks erased most of their earlier gains to finish near the flatline in thin trading Friday, as investors booked profits ahead of the weekend following a robust rally all week. Still, all three major averages posted an impressive gain of over 7 percent for the week.
Futures held their sharp gains Friday following news employment growth picked up momentum in November while the jobless rate fell to its lowest level in more than two years.
Rethink possible. That is both AT&T’s marketing slogan and an apt summary of the challenges it faces now that its planned $39 billion purchase of T-Mobile USA looks increasingly doubtful. The New York Times reports.
Consumers just got yet another option for entertaining their kids with Disney movies. Disney just agreed to rent its movies on YouTube -- it will offer hundreds of films from Disney, Pixar, and DreamWorks Studios on YouTube starting today for between $1.99 and $3.99. The studio controls pricing and will receive the majority of revenue.
The "November Sweeps" period -- when ratings set local affiliates ad rates -- ends Wednesday. But this year the buzz on Madison Avenue is about how little sweeps matter. Yes, local affiliates still certainly matter -- they account for north of $20 billion in advertising revenue, with just under $10 billion of that based on sweeps, according to Horizon Media's Brad Adgate. But, with the growth of cable, not to mention the impact of DVRs, logging real-time viewing in a Nielsen diary seems antiquated.
Some companies haven't had the luxury to make acquisitions since the financial crisis and instead have been using ventures and business line fire sales to stabilize bleeding operations.
NBC announced Monday it has hired Chelsea Clinton to become a full-time special correspondent for NBC News, the New York Times reports.
Walt Disney topped analysts' expectations for its quarterly profit and revenue on Thursday as advertising held strong at its ESPN sports channel and other media networks, sending shares higher after the closing bell.
Stocks recovered from their afternoon lows to close higher Wednesday after Ben Bernanke said the Fed may look to reinvest in mortgage backed securities to provide additional support to the weak housing market.
Futures were higher Wednesday, following two days of sharp declines, following a pair of better-than-expected jobs news and ahead of the Federal Reserve's monetary policy statement.
A breakdown of the cable company's Q3 results, with Brian Roberts, Comcast chairman/CEO, who says the numbers are close to analyst expectations. Roberts says the numbers to focus on are cash flow and it was a healthy quarter for the company. He also weighs in on the company's acquisition of NBC Universal.
European leaders gathering for an emergency meeting Wednesday in Cannes could get more attention than Fed Chairman Ben Bernanke, unless he has a surprise policy move up his sleeve.
We're headed into a slew of earnings this week from media giants—on both the content and distribution side. Whether we're talking about content creators like News Corp and Time Warner or kings of distribution like Comcast and Time Warner Cable, there are a couple key themes that will impact the whole industry. Here's what to watch as earnings reports roll out this week and next.
Like an unpleasant relative, the European debt crisis came back for a visit Monday and may still be hanging around on Tuesday.
Daniel Burke, a media industry veteran who helped create Capital Cities/ABC before it was sold to Walt Disney, has died of complications from diabetes. He was 82.
Earlier this month, Philadelphia Eagles quarterback Michael Vick tweeted: "Check these prizes from the McDonald's monopoly game," and included a link. Next to the tweet it said "spon," which I assume meant sponsored. So I called up McDonald's and asked them if they were now sponsoring Michael Vick.
Before he died, Steve Jobs believed he had figured out a way to transform television—just as he had done with computers, music players and cell phone.
Earlier this week, Sports Business Journal broke the story that the NFL was starting a venture capital fund, with the owners willing to put in at least $32 million to invest in businesses. I knew I needed to comment on this, but, to be honest, I didn't think I was the most qualified. For that, I went to Dan Shanoff of Quickish, a media company focused on short-form, real-time news curation and discovery.
To get its confidence back, America needs less regulation and more innovation even if that means some failed ventures using taxpayer money, General Electric Chairman Jeff Immelt told CNBC Thursday.
Steve Jobs was so much more than a gadget guru — he challenged movie, music, video game gurus, and even the advertising to "think different." Jobs left a massive legacy across the media business, pushing for an overhaul of content distribution.