After Viacom and 21st Century Fox posted quarterly operating profit in line with Wall Street estimates, CNBC's David Faber reports on comments by Viacom Chairman and CEO Philippe Dauman on the company's future.» Read More
The revelation that two of Bear Stearns' collateralized debt obligation funds are virtually worthless are casting a pall on the overall market this morning. The biggest factor with the subprime prime epidemic is the great unknown of exposure and containment.
Energy investor and financier Boone Pickens says natural gas is the biggest opportunity for his businesses in China now.
While millions eagerly await this Friday's night release of the seventh and final Harry Potter book, photos of what appear to be the book's pages are circulating on the web. It's unclear if the leaked book is the real thing. But, I say that all this talk of leaking and piracy will NOT hurt the hallowed book's release.
Yahoo on Tuesday posted second-quarter earnings of $0.11 per share -- in line with estimates -- and flat with earnings per share of of $0.11 in the same period a year ago. Revenue for the three months ended in June rose 8% to $1.244 billion, compared with $1.123 billion in the second quarter of last year.
The board of Dow Jones will meet at 7 pm Tuesday on the $5 billion takeover offer from Rupert Murdoch's News Corp., CNBC's David Faber reported. The price is expected to remain $60 a share, "not a penny more and not a penny less," Faber said.
Earnings news is helping set the tone as some big positive reports are countering weakness in stocks ahead of inflation data.
Stocks are setting a positive tone ahead of the opening even as oil continues its move up. Merger news, real and rumored, dominates the Monday morning headlines.
A Dow Jones board member who is also part of the family that controls the company has launched a last-ditch effort to block a takeover by Rupert Murdoch's News Corp., the Wall Street Journal reported on Sunday.
Through a collaboration between News Corp.-owned Fox Mobile Entertainment and its acquired mobile entertainment company Jamba, fans of Fox's "The Simpsons" can now purchase ringtones, voicetones, wallpapers and screensavers based on the series just in time for the July 27 release of "The Simpsons Movie."
Google is not interested in pursuing an acquisition of Facebook, Google co-founder Sergey Brin told CNBC, though the entrepreneur left open the possibility that Google would be open to talks with Facebook if the social networking site made the first move.
News Corp. Chairman Rupert Murdoch appeared frustrated Wednesday with the state of talks with Dow Jones & Co., publisher of The Wall Street Journal, saying it was unclear where the company's controlling shareholders stood.
I'm here in Sun Valley, Idaho, where all the movers and shakers in the media business are gathering for the Allen & Co. media conference to schmooze and make deals. This is where seriously big business alliances are born..
Supermarket billionaire Ron Burkle and Web entrepreneur Brad Greenspan are exploring the possibility of combining forces on a bid for Dow Jones to thwart a takeover by Rupert Murdoch's News Corp., according to a person familiar with the situation.
Stocks ended higher on Monday, but gains were held in check as investors awaited the start of the second-quarter earnings season. "We're getting into earnings season, and what we've seen so far is good, so we think there is going to be an upward bias," said Joe Ranieri, head of NASDAQ trading at Canaccord Adams. "It's good but scary."
Dow Jones & Co., which has been in talks for a takeover by News Corp., will meet with supermarket magnate Ron Burkle as Dow Jones explores its options, a source familiar with the situation said on Sunday.
The media world loves to get revved up about elections and this year the issue is voter registration. Norman Lear is spearheading a campaign called "Declare Yourself." And no surprise, Lear, perhaps one of the most successful television writer/producer in TV history, is using his contacts and his expertise, turning TV humor into a tool. He's gotten two of the stars of "Reno 911" to create four videos to get what they're calling "the target demographic" to vote.
Over the weekend, 7-Eleven turned a dozen stores into Kwik-E-Marts, the fictional convenience stores of "The Simpsons" fame, in the latest example of marketers making life imitate art.
NBC Universal Chief Executive Jeff Zucker has said the General Electric-owned media group was constrained from matching News Corp.'s $5 billion bid for Dow Jones due to the size of the premium.
Stocks finished little-changed after a roller-coaster session as investors tried to figure out the Federal Reserve's latest statement on inflation and interest rates. "The Fed's been engaged in a real delicate balancing act," said Bruce Bittles, chief investment strategist at Robert W. Baird
A tentative deal over editorial independence at the Wall Street Journal would give Rupert Murdoch's News Corp. the sole power to hire and fire the newspaper's top editors if it succeeds in buying Dow Jones , the New York Times said on Thursday.