Board representation could appear in a revised proposal, according to a report from Bloomberg.» Read More
The Chicago Tribune said Chicago real estate mogul Zell is in preliminary talks with Tribune Co. on a complicated proposal that may include taking an equity stake in the company.
Amazon.com and TiVo will begin testing Wednesday a service that lets users watch videos rented or bought over the Internet directly on televisions, as part of a trend to link personal computers and TVs.
Wall Street is keeping a close eye on two media giants making news today. Disney reports earnings after the bell, while News Corp reported this morning. Although both “old” media companies are making plenty of old fashioned cash from movies and TV, we wanted to know which has the better strategy for making big bucks in new media? Find out what our panel of experts had to say.
Media company News Corp. reported fiscal fourth-quarter earnings ahead of market expectations Wednesday, as strength at the box office and in its home video business offset a drop in income for broadcast television.
News Corp.'s Web network MySpace has been in talks for several months with online auction company eBay about a partnership, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
News Corp. is finalising a deal with partners to launch a networking Web site venture in China within a few months, venture capital and Chinese government sources said on Friday.
Some of the world's biggest brands are meeting in Davos this week. So it's appropriate that the World Economic Forum is discussing new ways companies can reach consumers in an increasingly competitive market. (More)
Rupert Murdoch's News Corp. has joined the Chandler family in its bid to buy newspaper and television station owner Tribune, a source familiar with the matter said.
From YouTube to MySpace, entrepreneurs in the user-generated content space join the world's top business and political leaders at the World Economic Forum's 2007 annual meeting, underscoring this year's theme "The Shifting Power Equation." WEF, in turn, is aiming to "expand the Davos conversation" with Web-based communication tools. (More)
Walt Disney is not interested in buying Telefonica's 75% stake in TV producer Endemol, a source close to the company said on Tuesday.
Michael Wolf, a former McKinsey & Co. managing partner and well-known media strategist, will step down as MTV Networks' president after spending a little over a year at the company.
The latest thing in cars isn’t being flaunted at the 2007 North American International Auto Show in Detroit. It’s in a booth at the Consumer Electronics Show in Las Vegas. Autonet Mobile CEO Sterling Pratz told “Squawk Box” of his company’s business model: creating “an ISP for cars.” Speaking from the Nevada gaming town, Pratz described Autonet’s system that converts autos into wireless broadband – or WiFi -- “hotspots.”
Goldman Sachs' Anthony Noto told “Squawk Box” that the Web sector -- including Disney and News Corp. -- should be be even bigger, thanks to ads and interest rates.
Tokyo stocks closed almost flat on Christmas Day. Trade was thin, with participants citing the holidays in overseas markets.
Stocks bucked a trend and closed lower on the last session before the Christmas holiday on investor concerns about a slower economy.
It seems like the deals just keep coming. This morning News Corp and Liberty Media inked a deal and CNBC's David Faber had the details.
The deal ends two years of negotiations between long-time associates Murdoch and Liberty Media Chairman John Malone, who once helped rescue Murdoch from near bankruptcy.
So publishing queen Judith Regan went all Gibson on her colleague and got the boot from Harper Collins parent, Rupert Murdoch's News Corp. So, you could draw the conclusion that there are a lot of closeted anti-semites in media who are getting exposed. I think that's hardly it.
Spurred by the popularity of MySpace, News Corp. sites have overtaken Yahoo sites as the most viewed by U.S. Internet users, according to new industry data cited by News Corp. Tuesday.
Who could have imagined Disney, Fox, Viacom, CBS and NBC Universal all teaming up together? They're so desperate to compete with Google's YouTube -- and to get paid for all that copyrighted material -- that desperate times have called for desperate measures. But more often that not, too many cooks spoil the broth.