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Inside the great publishing houses — grand names like Macmillan, Penguin and Random House — there is a sense of unease about the long-term fate of Barnes & Noble, the last major bookstore chain standing, the New York Times reports.
Taxi cabs get a serious challenger, Flipboard gets an iPhone app, and developers get a bigger cut of the revenues from Microsoft's upcoming app store. Let's take a look at what's driving the sector today.
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.
I’ve been hearing a lot of grumbling about Chelsea Clinton getting tapped by Barry Diller to join the board of IAC/InterActiveCorp. But Chelsea is actually a good choice for the board.
Like newspapers, portals like AOL and Yahoo are confronting the cold fact that there is less general interest in general interest news. Readers have peeled off into verticals of information — TMZ for gossip, Politico for politics and Deadspin for sports, and so on. The New York Times reports.
Shares of IAC/InterActiveCorp, the Internet conglomerate of 50 brands put together by Barry Diller, were upgraded Tuesday in part because of Match.com’s growing appeal among older singles as well as its recent acquisition of SeniorPeopleMeet.com.
What's driving the growth of online dating? Growth feeds on itself: One in five relationships start online, that ubiquity sparks massive word-of-mouth. By now, it seems like any stigma surrounding online dating is gone. Plus, the growth of smartphones means that people can access their online dating services constantly, growing use and engagement.
Liberty Media CEO Greg Maffei has been busy, between finalizing his swap with Diller's IAC, and planning ahead to when Starz contract with Netflix expires.
IAC/InterActiveCorp, a leading internet company reaching more that 247 million people in over 30 countries—with websites, such as: Match.com, Urbanspoon, Citysearch—has reduced its capitalization by almost 50 percent since its last round of spin-off's in 2008.
Insider selling has officially hit record levels, and the corporate dumping of stock isn't just in S&P 500 companies. Last week's insider selling hit an all-time weekly record of $4.5 billion, according to an insider tracking company. ...A report from TheStreet.
A year from now, the marriage of Newsweek with the Daily Beast website will bear a “very strong bottom line,” Stephen Colvin, CEO of the newly formed Newsweek Daily Beast Company, told CNBC Tuesday.
OpenTable, the online restaurant reservations company, announces earnings after the close today. Forget about whether the company meets or beats. The only thing that really matters is the quality of new deals it strikes with restaurants added to its roster of customers.
What follows is a roundup of corporate earnings reports for Wednesday, Oct. 27.
Stocks closed higher after losing ground in the last few minutes of the session following the release of the Federal Reserve's minutes indicating the central bank would step in to stimulate the economy "before long." Bank of America and Alcoa rose, while Verizon fell.
Stocks lost ground in the last few minutes of the session, although remained higher, following the release of the Federal Reserve's minutes indicating the central bank would step in to stimulate the economy "before long."
The message from media and tech companies is clear: advertising is back in a big way. This week both Sir Martin Sorrell, CEO of WPP and Disney CEO Bob Iger told CNBC that the ad market has improved from last year and continues to improve. We've seen that demonstrated in results from a diverse group of industry players, from tech giants to newspapers.
What follows is a roundup of corporate earnings reports for Wednesday, July 28.
Larry Ellison, founder and chief executive of Oracle, raked in that sum from 1999 to 2009, making him the highest-paid CEO and the next poster boy for the pay prudes.