The credit crunch has meant tight money, so "Philanthropy is getting slammed," says Portfolio magazine editor in chief Monday Joanne Lipman told CNBC. "All the banks are major donors," she adds, citing Merrill Lynch as well as insurer AIG.
Facing an increasingly bleak economic picture, media giant Viacom cut its financial outlook for the first year, sending its shares, and shares of other media stocks, falling.
As I watch the markets tumble and I hear talk not just of recession, but of depression, I have to wonder whether there's any chance 75 percent of SAG members would vote to strike, which is what it takes to get authorization.
MySpace, owned by News Corp, has made deals with the four music giants, EMI Group, Warner Music Group, Universal Music Group, and Sony BMG Music Entertainment, which are also equity partners in the venture.
Let's face it, nearly every industry will be touched by the turmoil on Wall Street. And as I've reported many times, the already-suffering ad industry is sure to be further hit. There are a couple issues now in play.
The zip code that launched a zeitgeist and defined a generation of TV-watchers is returning to the air waves. On Tuesday September 2, the CW Network is launching a new version of the hit "Beverly Hills 90210" that ran for 10 seasons on News Corp.'s Fox. I interviewed Dawn Ostroff, the CEO of the CW, about the network's decision to resurrect the concept.
MGM Mirage has secured another $550 million of the $3 billion in financing needed to complete the $9.2 billion CityCenter project in Las Vegas. Reuters is reporting that $300 million is coming from China Construction Bank. And: David Duchovny has voluntarily admitted himself into rehab for sex addiction. Timing good for Fox; how about CBS' Showtime?
You'd think the streets of Los Angeles would be constantly buzzing with movie shoots. But right now, there's only one major film shooting in the City of Angels. Compare that to the seven films shooting last August. What's to blame?
CNBC's parent company NBC Universal did quite well with the Olympics. More than 211 million Americans watched the games -- that's more than 70 percent of the country -- making them the most-watched ever, beating the 209 million viewers who watched the 1996 Atlanta games.
Nationwide is on Sanjaya's side. The insurance company is reaching out to the growing number of Americans of South Asian descent by launching a hair-raising commercial featuring former "American Idol"contestant Sanjaya Malakar.
Warner Bros. made a surprise announcement Thursday -- it's pushing the release of its Harry Potter sequel, "Harry Potter and the Half-Blood Prince" from November 11 to July 17, 2009. That's eight months!
The third dimension is coming soon to a theater near you. No I'm not talking about a movie, but rather a high-stakes drama involving the biggest movie studios and theater chains, enmeshed in a battle over who and how the transition to digital 3-D will be financed.
Search engine giant Google has taken small steps toward creating and distributing its own cntent, and media companies worry it might become a competitor, the New York Times reports.
Tyler says, "I have so many outrageous stories, too many, and I’m gonna tell ’em all. All the unexpurgated, brain-jangling tales of debauchery, sex & drugs, transcendence & chemical dependence you will ever want to hear."
Following are Wednesday's biggest winners and losers. Find out why shares of Consol Energy and Flowserve popped while News Corp and Sprint Nextel dropped.
Time Warner said it would split AOL's dial-up Internet and advertising businesses into separate divisions by early 2009, a move that could ease a sale or merger of either business.
News Corp's fiscal fourth quarter earnings beat analysts estimates, thanks to strong DVD sales, higher licensing fees for cable networks and the sale of the company's stake in Gemstar-TV Guide International.
Rupert Murdoch's News Corp. reported fourth quarter profit rose 27 percent from the sale of its interests in Fox Sports Bay Area and Gemstar-TV Guide International as well as double-digit percentage profit jumps in nearly all divisions
News Corp reports earnings after the bell and the big questions are: how are its advertising-reliant assets weathering the ad downturn? And is CEO Rupert Murdoch delivering adequate return on investment?
Monday a federal appeals court overturned a lower court ruling that prohibited Cablevision from offering "Network DVRs". This technology allows pretty much anyone with cable to easily and less expensively enjoy the ad-free viewing a DVR allows.