In dollars and cents, the biggest winners of the World Cup are media companies—both traditional and social.» Read More
The magazine publisher faces a shifting market with debts to pay as it begins trading Monday as an independent company.
Time Inc., the magazine company that is home to People, Sports Illustrated, and Time, will begin trading on the New York Stock Exchange on Monday.
With the jury expected to be out from early this week, it is now a waiting game.
LOS ANGELES, May 29- Kevin Reilly, the top executive at Fox broadcast television, is leaving the network next month, the company said on Thursday, after Fox slumped to last place in ratings among the big U.S. broadcasters.
LOS ANGELES, May 29- Kevin Reilly, the chairman of entertainment at Twenty-First Century Fox Inc's broadcasting division, will step down at the end of June, the company said on Thursday. Fox dropped to fourth among broadcast networks, averaging 7.3 million total viewers, according to Nielsen data.
LOS ANGELES/ NEW YORK, May 25- The "X-Men" mutant superheroes smashed into U.S. and Canadian theaters and collected $90.7 million in ticket sales through Sunday, keeping monster hit "Godzilla" at bay and heading toward a decisive win over a long holiday weekend. Memorial Day holiday on Monday, distributor 20th Century Fox said.
WASHINGTON, May 23- A best-selling book by a French economist on rising wealth inequality has come under fire after the Financial Times newspaper said on Friday that an investigation it carried out found a series of errors that skewed the author's findings.
The studio has thrown an estimated $250 million behind the flick, and a strong performance can buoy Fox after a string of disappointments.
Tribune Co. has emerged from bankruptcy with an opportunity of a lifetime: Catching up with its television industry rivals.
But "it's quite likely it'll end up being a two-hour show on one night through most of its run," Fox Broadcasting Entertainment Chairman Kevin Reilly said on a conference call on Monday.
Some of Monday's midday movers:
May 12- Twenty-First Century Fox Inc's schedule for the upcoming television season will feature a high-profile show on Batman called "Gotham," while the company will reduce the air time for the struggling singing contest program "American Idol."
U.K. broadcaster BSkyB (British Sky Broadcasting) has confirmed reports which emerged over the weekend that it is looking to acquire stakes in Sky Italia and Sky Deutschland from 21st Century Fox.
LOS ANGELES/ NEW YORK, May 11- Raunchy adult comedy "Neighbors", starring Seth Rogen as a family man who moves next to a frat house, kicked superhero movie "The Amazing Spider-Man 2" off the top spot on U.S. and Canadian box office charts over the weekend.
LOS ANGELES/ NEW YORK, May 11- Raunchy adult comedy "Neighbors," starring Seth Rogen as a family man who lives next to a frat house, kicked superhero sequel "The Amazing Spider-Man 2" from the top of U.S. and Canadian box office charts over the weekend.
"Neighbors," "Tammy" and "22 Jump Street" are some favorites among industry experts.
Some of the names on the move ahead of the open.
May 8- CBS Corp, owner of the most watched U.S. television network, reported lower-than-expected revenue as advertising fell 12 percent, sending its shares down 3 percent in extended trading.
Companies making headlines after the bell Wednesday.
May 7- Rupert Murdoch- controlled Twenty-First Century Fox Inc, the film and TV company separated from News Corp last June, reported a 12 percent rise in quarterly revenue, helped by Super Bowl advertising and cable networks growth. The company's net income rose to $1.05 billion, or 47 cents per share, for the third quarter ended March 31.