TV streaming service Aereo filed for bankruptcy protection after a U.S. Supreme Court ruled that the company's model violated copyright laws.» Read More
Rupert Murdoch's News Corp. will return to Australia's benchmark S&P/ASX 200 Index from the close of trade on June 15, 2007, global index provider Standard & Poor's said in a statement on Friday.
The parent of MySpace is buying the media-sharing site Photobucket for about $300 million, bringing together two of the Internet's most popular hangouts.
CBS said it bought Last.fm, the online music service that allows fans with similar tastes to connect, for $280 million in a bid to attract young audiences.
The Burlesque Hall of Fame is teaming up with Keep A Breast Foundation to raise awareness about breast cancer. Well, one can see how this is, as the burlesque organization says, "a match made in heaven."Now, to raise awareness, the Hall of Fame next month reportedly will host an art exhibit and auction featuring plaster breast molds of "legendary burlesque, pin-up and cheesecake queens." The museums founder, it turns out, died of the disease in 1991. Her name, Jennie Lee, was known as "The Bazoom Girl."
Thirty years on, the movie franchise gets high marks for mythic originality, special effects and a huge return on investment. Oh yeah, it's also a one-of-a kind cultural phenomenon.
The British government ordered the country's competition watchdog on Thursday to carry out a full inquiry into British Sky Broadcasting's purchase of a significant stake in commercial broadcaster ITV.
An influential member of the family that controls Dow Jones, who is also a director of the company and a trustee of the family's investment, came out against News Corp.'s $5 billion bid for the publisher, the Wall Street Journal reported.
Members of the Bancroft family, which controls Dow Jones, are planning a private meeting Wednesday to discuss options after a $5 billion bid by Rupert Murdoch's News Corp. for the company, the Wall Street Journal reported on its Web site on Tuesday.
Hewlett-Packard, News Corp., Evergreen Solar and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Ever since News Corp snapped up MySpace, media companies are on the lookout for other hot social networking sites. And now Yahoo is hoping to score a similar, if smaller, win in the U.K. Yahoo is working on an acquisition of Bebo, the popular British social networking site.This is the first paragraph/short story.
"Shrek the Third" took in $122 million in its first weekend, breaking the franchise's own record for best debut ever for an animated film, according to studio estimates Sunday. The latest adventure of the ogre shot past 2004's "Shrek 2," the previous record-holder for animated openings with $108 million.
Dow Jones's board met on Wednesday but took no action on a $5 billion bid by Rupert Murdoch's News Corp. to buy the company, a source familiar with the matter said.
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.