Stand-up comedian Harrison Greenbaum remembers Robin Williams — and his impact on the comedy business.» Read More
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.
Mergers and acquisitions dominated headlines during the week as the S&P 500 ended above 1,500 for the first time in more than seven years and came within striking distance of an all-time high of 1,527 set in March 2000. "Merger activity is one of the things that's driving the strength in this market," said Ted Weisberg, president of Seaport Securities.
Media stocks are cheap, so some big players in the industry are saying “Let’s make a deal.” This week's flurry of potential media mergers includes such heavyweights as News Corp., Dow Jones, Reuters and Thomson. Analysts say that the main driver behind the proposed combinations is that media stocks are relatively cheap, making companies ripe for picking.
Reuters Group appears willing to endorse a takeover offer from Canada's Thomson Corp., the Financial Times reported. Success or failure of the deal will depend on whether the two sides can convince directors of the Founders Share Company that Reuters' editorial integrity would not be compromised, FT said.
Merger and acquisition activity is on a roll, but is it really what’s driving the market bulls? Brent McQuiston, Wealth Trust Arizona vice president, and Sam Stovall, Standard & Poor’s chief investment strategist, shared their insights on “Morning Call.”
Rupert Murdoch would take steps to maintain the Wall Street Journal's editorial independence and invest in journalism if Dow Jones approves News Corp.'s $5 billion bid to buy the company, according reports of his plans published on Thursday.
The board of directors of Dow Jones has decided to take no action on the $5 billion proposal from News Corp. , after a representative of the Bancroft family informed the board that they would vote shares constituting about 52% of voting power against the $60-a-share offer.
Stocks closed higher and the Dow ended at another record high, buoyed by sharp gains in financial and telecom stocks. "With strong earnings and reasonable valuations, you should expect stocks to go higher," said Ed Keon, chief investment strategist at Prudential. "I think the market represents good value."
Move over Citizen Kane, billionaires who want to play media tycoon are snapping up big names in the newspaper industry.
Norman Pearlstine has a unique perspective on Rupert Murdoch's "stunning" bid for Dow Jones. Pearlstine, the senior advisor to The Carlyle Group's telecom and media team, was previously the editor-in-chief of Time Inc. -- and the former managing editor and executive editor at The Wall Street Journal, Dow Jones' cornerstone asset. The publishing veteran told "Closing Bell" viewers his thoughts on the would-be News Corp. acquisition.