The movies make more money than ever. But a lot of it isn't going to traditional players or even staying in Tinseltown.» Read More
Reuters Chief Executive Tom Glocer told CNBC that the planned $17.23 billion merger with Thomson of Canada would help both companies compete in a vastly changed media environment
Responding to recent calls for General Electric to spin off NBC Universal, GE Chairman and CEO Jeffrey Immelt said he sees strong growth ahead for the news and entertainment unit but that "nothing is safe."
Members of the Bancroft family were meeting Monday afternoon to discuss a takeover proposal from media mogul Rupert Murdoch and News Corp. but the outcome of those discussions has not yet emerged, reported CNBC's David Faber.
Stocks ended mixed on Monday as the latest batch of merger news failed to spark excitement among investors ahead of the release of key economic data. "The market has somewhat become like Pavlov's dog, waiting for some blockbuster merger deals to be announced," said Robert Pavlik, chief investment officer at Oaktree Asset Management.
Family control of a publicly traded company is increasingly coming under attack. But the dual classes of stock that allow a family to maintain control without holding a majority stake probably won't disappear anytime soon, financial experts say.
Stocks are looking for direction amid a flurry of takeover headlines this morning. Asian stocks were higher overnight on the back of Wall Street's Friday gains, but European markets are mostly weaker.
Stocks will take their direction from economic data today after yesterday's drenching from negative April chain store sales took the Dow down 147 points and bit 1.7% off the Nasdaq and 1.4% off the S&P 500. European markets are lower, following overnight weakness in Asian markets.
Stocks are heading lower as April chain store sales promise a shower of negative news, though not unexpected. European markets are lower and Japanese stocks closed down on the day. But the star of Asia, China's stock market continues to bubble higher, and the Financial Times says the value of the shares that traded Wednesday on China's Shanghai and Shenzhen exchanges was greater than all of the rest of Asia combined.
Rupert Murdoch's News Corp. saidquarterly profit rose, helped by movie titles such as "Night at the Museum" and the DVD release of "Borat," as well as an increase in affiliate revenue for cable channel Fox News.
In TV's worst spring in recent memory, an alarming number of Americans drifted away from television the past two months: More than 2.5 million fewer people were watching ABC, CBS, NBC and Fox than at the same time last year, statistics show.
Will Murdoch convince the Bancroft Family to sell Dow Jones? Will he sweeten his already oh-so-sweet $5 billion offer for the Wall Street Journal's parent?There's no better place to find the future than in the past -- in News Corp's case, fiscal third-quarter earnings. Net income increased 6.2%, led by the movie division whose revenues grew a whopping 82% to $410 million, a record for the quarter.
Stocks are searching for direction at lower levels ahead of the Fed's meeting today. The Fed is not expected to move on rates but its comment will be watched carefully.
U.S. regulators accused a husband and wife in Hong Kong of insider trading stemming from their purchases of Dow Jones shares prior to News Corp.'s $5 billion takeover bid.
MySpace, part of Rupert Murdoch's News Corp., has reached a preliminary deal to acquire Photobucket, the world's top photo-sharing site, for around $250 million in cash, a source familiar with the deal said on Monday.
Fox tells us it's developing a sequel to "Wall Street," and published reports say Michael Douglas will reprise his role as the villainous Gordon Gekko. The first movie didn't do that well at the box office back in 1987 ($48 million worldwide), but the REAL Wall Street loved it. Traders still quote dialogue: "If you need a friend, get a dog."
The decision by Dow Jones' board to take no action on the $60 a share takeover bid from Rupert Murdoch's News Corp. might seem to be a blow to Murdoch's chances, CNBC's David Faber reports. But it's not.
Jim Ottaway Jr., a former Dow Jones executive and board member whose family is one of the company's largest shareholders, has voiced his fierce opposition to News Corp.'s $60-a-share offer to acquire Dow Jones, according to a report in that company's paper, the Wall Street Journal.
Warren Buffett said on Sunday it is possible that the $5 billion takeover bid by Rupert Murdoch's News Corp. for Dow Jones may not be the final offer for the owner of the Wall Street Journal.
It should surprise no one who watches the ups and downs of Wall Street that a horse named Street Sense would come from way behind to win the Kentucky Derby. The week ahead looks like it will put everyone's street sense to the test as a louder chorus of market watchers use the word "caution" when it comes to buying stocks.
Spider-Man caught just about everyone in his web. The super hero's latest adventure, "Spider-Man 3," smashed box-office records with a $148 million haul in its first three days, according to studio estimates Sunday.