Despite the fact that the Los Angeles Times reported today that "Google is in preliminary talks to buy online video pioneer Hulu," a number of sources very close to the negotiations tell me that all talks are "very preliminary" and it is "impossible to characterize anyone as being in the lead."
Hulu is headed toward the auction block — it's retained investment bankers Morgan Stanley and Guggenheim partners to assist with a sale that will open to bidders in two weeks, according to the LA Times.
Blockbuster is trying to make a comeback into your living room.
DirecTV is facing higher content costs and intense price competition for viewers, Chief Executive Michael White told CNBC Thursday, and at some point he will have to pass along those costs to his customers, already stretched in the current economy.
What follows is a roundup of corporate earnings reports for Monday, May 2.
Stocks closed modestly lower Monday, coming off highs reached after news of Osama Bin Laden's death, as investors considered the potential for terror attacks in retaliation for the killing.
Stocks fell in late afternoon trading on Monday, coming off highs reached after news of Osama Bin Laden's death, as investors considered the renewed potential for terror attacks in retaliation for the killing.
The film, television and video game industries are all facing seismic shifts in their fields and are trying to find ways to avoid the same fate as the music industry while using very similar tactics.
TiVo stock soared Wednesday, up a whopping 29.5 percent, on news that the U.S. Court of Appeals affirmed a finding of contempt and award of sanctions against Dish and EchoStar.
GameStop (GME) has a lot working against it. Its very business model — selling video games and consoles — was put into question by the decline in video game sales we've seen through the economic downturn.
Stocks closed higher amid rising prices for oil and gold, as the market hit new highs. Cisco and AmEx led Dow gainers, while Caterpillar fell.
Stocks added to modest gains in the last hour of trading amid rising prices for oil and gold, lifted by banks and technology. Cisco and AmEx led Dow gainers, while Caterpillar fell.
No signs of agreement on the Federal budget, Southwest managing safety concerns, and Japan still wrestling with its troubled reactors. Here's what we're watching...
Blockbuster is heading to the auction block Monday and with bidders including billionaire investor Carl Icahn, Dish Network and SK Telecom.
When TiVo reports after the bell today analysts expect it to post its ninth consecutive quarterly deficit as its subscriber numbers continue to shrink. Wall Street's expecting a quarterly loss of 28 cents per share on revenues of $41 million — yes $41 million.
What follows is a roundup of corporate earnings reports for Thursday, Feb. 24.
There were a few acquisitions in the larger media world this week that were far from blockbusters, but worth a quick review.
A rebound in advertising and strong performance at News Corp's networks led the media giant to beat expectations. Adjusted earnings came in at 29 cents per share, a penny higher than analysts expected and up from adjusted EPS of 25 cents a year ago.
Stocks closed off session highs, yet the Dow still hit its highest level since before Lehman Brothers collapsed as Treasury yields soared in the wake of the Federal Reserve's reaffirmation of its decision to buy bonds to stimulate the economy. AT&T and Kraft rose, while JPMorgan fell.
Stocks trimmed some gains but remained mostly higher Tuesday after the Federal Reserve reaffirmed its decision to buy bonds to stimulate the economy and left short-term interest rates unchanged. Kraft and Microsoft rose, while JPMorgan fell.