Economic concerns are making Wall Street nervous about the media sector. Today analysts at Goldman Sachs and Sanford Bernstein issued negative reports on the broad media sector. GS's Anthony Noto reduced estimates across communications, media and entertainment sectors.
Yesterday, frustrated University of Georgia president Michael Adams proposed an eight-team playoff as a remedy to what he called a flawed BCS system. It's obviously not the first time the playoff system has been mentioned. But the question I always get is, how much would a playoff system be worth to schools and conferences that participate in 2011, the first year something like this could happen?
Yet another sign of the convergence of content and technology: For the first time, a cable company CEO made a keynote speech at CES. This morning, Comcast spacer chief Brian Roberts announced a new strategy, calling it Comcast 3.0.
Nicolas Cage's "National Treasure" sequel was the top draw at North American movie theaters for a third consecutive weekend, while a pregnant schoolgirl delivered another healthy box-office bundle.
Warner Bros. has become the latest studio to back Blu-ray exclusively. The announcement scheduled for Monday at the Consumer Electronics Show in Las Vegas instead leaked out today with the studio now confirming the news.
For years, everyone's been waiting for an indication that either Sony's Blu-Ray or Microsoft and Toshiba's Blu-Ray format would emerge triumphant and the other would go the way of the BETA deck. Today, finally, a crucial tipping point in this battle in which the $20 billion dollar home video market is at stake.
I'll admit, even in sunny Los Angeles where the weather doesn't vary much, I check weather.com regularly. Needless to say, the decade-plus I lived on the East Coast, I checked the site daily.
Landmark Communications, which owns The Weather Channel, said Thursday it hired two investment banks and would explore strategic options, including a possible sale.
DVD-by-mail service Netflix will begin delivering movies and other programming directly to televisions later this year through a set-top box that will pipe entertainment over a high-speed Internet connection.
Happy 2008! I'm back from my travels and have spent the day reading up on all the news I missed while away (though news of Benazir Bhutto's assassination was everywhere, the international press doesn't follow Hollywood labor negotiations as closely).
Nicolas Cage led the North American box office for a second weekend with his "NationalTreasure" sequel, while the teen comedy "Juno" raced up the rankings despite playing in limited release.
Wal-Mart Stores Incquietly canceled its online video download service less than ayear after the site went live, a company spokeswoman saidThursday.
The major indexes lost well over 1% and the Dow Jones industrial average fell more than 190 points. What's the word on the Street?
Nicolas Cage topped the North American box office for the second time this year on Sunday with "National Treasure: Book of Secrets," a sequel to the biggest movie of his career.
The last man left on Earth in "I Am Legend" took first place at the weekend box office in North America.
At this time of year, it's predictions, predictions, predictions. So as part of CNBC's Outlook for '08, here are mine for the media world and all that's in it--with a personal look as well! (see number 7). Here I go!!
NBC has reimbursed some advertisers who paid in advance for commercials aired during prime-time shows that didn't live up to ratings projections, the network said Tuesday.
Entertainment stocks are finally feeling the heat from Wall Street as the writer’s strike drags on with no end in sight. Which media companies are best prepared to weather the storm as they stare at a long, cold winter with no new material?
"The Golden Compass," a $180 million family fantasy starring Nicole Kidman and Daniel Craig, did not meet expectations at the North American box office, opening at No. 1 but with weekend ticket sales of just $26.1 million, its distributor said Sunday.
Stocks closed little-changed despite of a sharp drop in oil prices that boosted shares of big manufacturers such as Boeing.