The media conglomerates are trading down today, off more than the Dow. One factor pulling them down is the Supreme Court's decision not to consider their appeal to challenge Cablevision Systems new DVR service.
Hollywood studios and television networks have lost a Supreme Court bid to block the use of a new digital video recorder system that could make it cheaper and easier for viewers to record shows and watch them when they want, without commercials.
Lo and behold a couple of weeks ago, some of the channels on my TV stopped working. I realized it when I tried to watch MSNBC’s "Morning Joe", a simply must have for me first thing in the morning - great guests, good politics and economics and lots of humor.
After 26 years as one of the most politically connected investment bankers on Wall Street, Steven Rattner finally took a job in Washington — only it is not quite the one friends and business associates thought it would be.
Some media executives are growing concerned that the increasingly popular curators of the Web that are taking large pieces of the original work — a practice sometimes called scraping — are shaving away potential readers and profiting from the content, the New York Times reports.
Disney, Time Warner and News Corp all report earnings this week. What’s the media trade?
Looking back at 2008 and towards 2009, there's no question that media stocks are facing a perfect storm. It's the nasty coinciding of cyclical and sector challenges — media giants are trying to transition to a new digital future and build new revenue streams, while the economic downturn is sending ad revenue off a cliff. So is there a silver lining to those storm clouds?
Which of the hotly anticipated Christmas movies could boost studio stocks? Find out from one of Wall Street’s best media analysts.
The volatility on Wall Street this week sent cable and satellite TV stocks down through the week, recovering a bit in Friday trading.
Following are the day’s biggest winners and losers. Find out why shares of China Precision Steel and Tree.com popped while Lowe's and Starbucks dropped.
All week, the Fast Money crew has been looking in-depth at companies with less than stellar reputations, but whose stock may still be valuable in the long run. Today, the lens is turned on NY-area cable co Cablevision, run by the notorious Dolan family, much-hated by New Yorkers for -- among other things -- allowing Isiah Thomas to run the Knicks into the ground.
Following are Tuesday's biggest winners and losers. Find out why shares of Steve Madden and Cablevision popped while Marvel Entertainment and World Wrestling Entertainment dropped.
The Dow took the Fed ball and ran with it, crossing the finish line with a gain of more than 330 points.
The Dow got a pop of relief after the Fed announced plans to hold rates steady and said inflation should moderate.
Stocks rallied unusually sharply for a Fed-meeting day, buoyed by oil's drop below $120 a barrel and a better-than-expected report on the services sector.
Stocks jumped after a report showed a better-than-expected improvement in the service sector last month. The market had already been buoyed by falling oil prices and confidence that the Federal Reserve won't deliver any surprise surprise rate moves.
Cablevision Systems said Tuesday it would hire investment banks to help evaluate a spin off at least one of its businesses, among other strategies, including buying back stock or paying out dividends, sending shares up as much as 8 percent.
Monday a federal appeals court overturned a lower court ruling that prohibited Cablevision from offering "Network DVRs". This technology allows pretty much anyone with cable to easily and less expensively enjoy the ad-free viewing a DVR allows.
Comcast, the largest U.S. cable service provider, posted a higher quarterly profit as it gained market share in phone and Internet services and controlled expenses, sending shares up 6 percent.
Verizon Communications announced better than expected second quarter earnings before the bell. Earnings rose 12 percent, driven by its wireless business, as the company gains marketshare, adds net new subscribers and improves turnover rates.