Check out which companies are making headlines after the bell Tuesday:
Comcast is up 9 percent on news it will acquire the remaining 49 percent stake in NBCUniversal from General Electric, with Porter Bibb, MediaTech Capital Partners and CNBC's David Faber.
CNBC's Julia Boorstin breaks the news that Comcast is buying the 49 percent of NBCUniversal it doesn't already own from General Electric for $16.7 billion. (2:52)
Comcast is purchasing the remaining 49 percent stake of NBCUniversal from General Electric, with Porter Bibb, MediaTech Capital Partners; Dan Holland, Morningstar; and CNBC's David Faber.
Comcast said it will buy the rest of GE's stake in NBCUniversal for approximately $16.7 billion. Comcast shares jumped after-hours.
Beverages and cars are just the tip of an earnings list that includes Cisco, Comcast, Whole Foods and Michael Kors.
CBS has filed an amended lawsuit against Dish Network accusing the No. 2 U.S. satellite TV company of concealing material facts about its ad-skipping technology during contract negotiations in 2011.
CES is all about streaming video this year: nearly all the 20,000 devices featured on the show floor feature access to media companies like Netflix and media apps.
Cord-cutting hasn't proven much of a threat to media giants, but new technologies are encouraging a new trend: "Cord Nevers."
Some of the names on the move ahead of the open.
As he famously droned on-screen in his signature "Terminator" movies, Arnold Schwarzenegger is back.
Hulu CEO Jason Kilar announced in a blog on Friday that he'll be stepping down in the first quarter. While the news was not unexpected, the timing was certainly a surprise.
Al Jazeera's announced plans to establish a new U.S. cable news channel via the purchase of Current TV isn't even 48 hours old and already it finds itself in a vicious battle to retain distribution rights.
Al Jazeera said on Wednesday it will buy Current TV, the struggling cable channel founded by Al Gore and partners, in a move that will boost the Qatar-based broadcaster's footprint in the United States.
The Street.com reports on stocks you might consider as presents under your virtual Christmas tree.
CNBC's Herb Greenberg reveals his worst CEO pick for 2012. And the winner is...
"MGM and Warner Brothers are going to make their money back" with "The Hobbit," says one critic, "but I don't think it's going to be the huge cultural phenomenon we saw with 'The Lord of the Rings'."
Discovery Communications is planning to buy SBS Nordic and take a 20 percent of Eurosport Group as it sees better growth opportunities outside the U.S., CEO David Zaslav told CNBC.
Sprint and Clearwire are moving closer to a deal to acquire the rest of the company it doesn't already own.
Yahoo! and NBC Sports said they will integrate and promote each others sports content on the Internet and television in a move that would help both the companies draw on their respective strengths across both mediums.