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.
The Obama administration has engaged in a “consistent slamming of business,” IAC Interactive CEO and chairman Barry Diller told CNBC Monday.
The Allen & Company Sun Valley Conference is the biggest annual gathering of media moguls. See some of this year's Sun Valley power players.
In their own 'Private Idaho', the media moguls gathered here in Sun Valley attending the Allen & Co conference are on their own discovery and having plenty to say about the economy and government regulation and what it all means for the future of their industry.
Liberty Media Group Chairman John Malone is "quite concerned" about a lot of things ... even here in Sun Valley, where he and other media bigwigs are hobnobbing at the Allen & Co. confab.
We caught KKR's Henry Kravis, American Express CEO Ken Chenault, News Corp's Rupert Murdoch, IAC's Barry Diller and New York Mayor Michael Bloomberg heading in for today's first panel on "The Future of Entertainment in the Digital Age."
The G4s are landing in Idaho and the Sun Valley resort is rolling out the red carpet for the biggest names in media, technology and private equity. Boutique investment bank Allen & Co is readying for its annual conference, nicknamed "summer camp for moguls." Media and tech titans and the private equity players drawn to them will arrive this afternoon for a week of activities and networking.
Barry Diller's IAC/Interactive Corp and AOL both reported earnings before the bell. IAC's results exceeded expectations — it grew revenue 16 percent on 20 percent higher search ad revenue.
The mood is upbeat and venture capitalists, media and tech giants are out in force, hunting for deals at the seventh annual Montgomery Tech Conference in Santa Monica, California.
Online dating isn't just about making love connections, it's about making lots and lots of money.
Stocks closed broadly higher on optimism that help was on the way for Greece to deal with its heavy debt burden.
Stocks staged a relief rally Wednesday amid talks of a bailout for Greece and positive earnings and sales news from some key Dow components.
U.S. stock index futures are pointing to a higher open Tuesday morning, a day after a last-hour selloff pushed the Dow to its first close below 10,000 since November, and the S&P 500 to a fresh three-month closing low as well.