It's the Fed's turn to sway the markets Tuesday, but stock traders will keep their eyes on the volatile oil and commodities markets.
We're mid-way through media earnings, and a distinct trend is emerging: weakness in local ad markets is now spilling over to national cable and broadcast advertising. The media industry is facing all sorts of hurdles. Particularly unfortunate sector challenges at a time when the ad cycle is at a low.
We’ve seen some real tear jerkers in our day but this story looks unusually sad. On Monday Lehman Brothers cut the stock ratings on Disney, Time Warner, CBS and News Corp.
Vivi Nevo is said to be the largest individual shareholder of Time Warner, was once the largest private investor in Goldman Sachs, is engaged to China’s most famous actress, vacations on Rupert Murdoch’s sailboat, is the godfather of Lachlan Murdoch’s son, counts Lenny Kravitz as a good friend and attended Madonna’s wedding in 2000.And many people, including even some of his close friends, have no idea what his background is or how exactly he made his fortune.
Batman buried his rivals at the North American box office for a second weekend on Sunday, racing past $300 million in a record 10 days.
From Warren Buffett to Steve Jobs, find out how to trade stocks whose CEOs have "cult" following.
There's been a ton of buzz about Facebook here at Brainstorm:Tech, so MySpace is a natural topic. News Corp bought MySpace for a steal, a mere $580 million, making NewsCorp seem quite forward thinking (Facbook's value is some $15 billion based on a Microsoft investment).
This is all great news for Warner Bros. and its parent company Time Warner. The studio faltered with high-budget "Speed Racer," which bombed at the box office. It bounced back with megahit "Sex and the City", which exceeded all expectations.
Yahoo is unlikely to get into a bidding war over AOL with Microsoft because if Microsoft gets in the way, Yahoo could instead renew talks over News Corp's Web properties, a person with knowledge of the plans said Thursday.
With the next Batman installment set for release tonight at midnight, will The Dark Knight help lift Time Warner's stock?
There's yet more news of trouble in the publishing business. This morning Gannett reported a 36 percent drop in second-quarter earnings on 10 percent lower ad revenues at its newspapers including USA Today.
Rupert Murdoch, whose News Corporation owns The New York Post, and Mortimer B. Zuckerman, the real estate developer and owner of The Daily News, who for years have been bitter tabloid competitors, are considering the unthinkable: cooperation.
Fort Pitt Capital Group's Kim Caughey is charged up about General Electric.
News Corp's Rupert Murdoch said it was "very unlikely" his company would be involved in any Yahoo transaction and said Yahoo and Microsoft would not end up with any deal.
This event has sparked some of the biggest media deals, from Google's acquisition of YouTube to the Disney-CapCities merger in 1996. This year there's no avoiding the fact that the economy is in a downturn and the credit markets are tight, but it's not keeping the big names from rolling in.
According to BoxOfficeMojo, here are the ten highest grossing Fourth of July weekend (3-day) movie openings of all-time as of 2007.
Lehman Brothers analyst Anthony DiClemente returned from July 4 weekend with a negative outlook on the media giants, downgrading the entire sector to negative. DiClemente is concerned that digital distribution changes will "disrupt the core economic models of the majority of film and TV content."
A potential deal between Yahoo and Time Warner's AOL division is unlikely before Yahoo's annual meeting on Aug. 1, a person familiar with the negotiations said Monday.
For the short Independence week ending Friday, July 3, 2008, the U.S. Markets ended the week in bear market territory with the Dow and the NASDAQ off more than 20% from their market peak set in October, 2007.
Is Yahoo a buy on optimism that it might get back together with Microsoft?