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Feb 23- Comcast Corp and Time Warner Cable Inc have been sued for $20 billion for allegedly discriminating against African American-owned media and employing advocates such as the NAACP and the Rev. According to the complaint, Comcast entered into "memoranda of understanding" with Sharpton, the NAACP and other advocacy groups to provide large cash "donations"...
Today module sent for use as part of Money& Markets for Thursday, Feb. 19, erroneously presented data for DISH Network Corp. The graph should have featured stock data for DirecTV.
Feb 19- DirecTV, the No.1 U.S. satellite TV company, reported a quarterly profit above analysts' estimates as it added more subscribers than expected, helped by its exclusive Sunday NFL broadcasts. The Sunday games package gives DirecTV, which is being bought by AT&T Inc, an edge over cable TV competitors. DirecTV sells its package for about $300 a year.
EL SEGUNDO, Calif.— DirecTV's fourth-quarter results beat analysts' estimates as it added more subscribers in the U.S. The El Segundo, California- based company earned $778 million, or $1.53 per share, for the three months ended Dec. 31. DirecTV reported a full-year adjusted profit of $6.08 per share on revenue of $33.26 billion.
Feb 19- Discovery Communications Inc, the owner of Animal Planet and the Discovery Channel, reported lower-than-expected quarterly revenue as a stronger dollar weighed on growth in advertising and distribution revenue at its international networks. The company's falling viewership in the United States has been driving away advertisers, who are...
Feb 19- DirecTV, the No.1 U.S. satellite TV company, posted a 3.8 percent rise in quarterly revenue as it earned more in the United States and added more subscribers there than expected. Net income attributable to the company fell to $778 million, or $1.53 per share, in the fourth quarter ended Dec. 31, from $810 million, or $1.53 per share, a year earlier.
NEW YORK, Feb 17- Warren Buffett's Berkshire Hathaway Inc on Tuesday disclosed a 5 percent stake in agricultural equipment maker Deere& Co and said it shed a $3.74 billion investment in oil company Exxon Mobil Corp as oil prices plunged. The changes were among several that Berkshire made in its common stock investments in the fourth quarter, according to a U.S....
Providing choice is key to getting young people to actually pay for programming, Time Warner Chairman and CEO Jeff Bewkes tells CNBC.
WASHINGTON, Jan 29- The U.S. Federal Communications Commission raised a record-breaking $44.9 billion in the auction of so-called AWS-3 airwaves that closed on Thursday, far surpassing the expectations of experts and industry analysts. Major bidders included wireless carriers Verizon Communications Inc, AT&T Inc and T-Mobile US Inc as well as satellite TV...
Randall Bacon gets paid to be the stunt double for Seahawks Quarterback Russell Wilson in commercials
The proposed Comcast-Time Warner Cable and AT&T-DirecTV deals will be approved, Liberty Media CEO Greg Maffei tells CNBC. But he asks at what cost.
AT&T chief Randall Stephenson tells CNBC the debate over net neutrality rules may end up in the U.S. Supreme Court.
In a wide-ranging CNBC interview, media mogul Barry Diller talked about the transformative nature of today's communications landscape.
After two big media deals get done, there will be a domino effect of M&A, former Time Warner CEO Richard Parsons tells CNBC.
Former CBS chief Mel Karmazin also says media companies must get bigger in order to deal with advertisers and distributors.
Deals worth nearly $3.5 trillion were announced, a performance favored by low interest rates and high stock prices. NYT reports.
There may be a yet another reason for media content companies to merge in 2015: digital advertising.
The film, blamed for triggering a massive cyberattack on Sony's movie studio, will also be sold through Wal-Mart Stores Inc's digital on-demand service, Vudu, and on Sony's PlayStation Network, Sony said in a statement on Wednesday. On Dec. 17, Sony canceled the Christmas Day release of "The Interview," a farcical story starring Seth Rogen and James Franco as...
The film, blamed for triggering a massive cyberattack on Sony's movie studio, will also be sold through Wal-Mart Stores Inc's digital on-demand service, Vudu, and will be available on Sony's PlayStation Network, Sony said in a statement. On Dec. 17, Sony canceled the Christmas Day release of "The Interview" after hackers threatened violence against movie theaters...
Sony announced that it has reached agreements with cable, satellite, and telecom providers to distribute "The Interview" on (VOD).