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ESPN, the sports channel that is Walt Disney's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a source said.
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CNBC's Julia Boorstin reports the media giant will spin off Time Inc. as an independent, publicly traded company later this year.
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Time Warner says its board has approved a tax-free spin off of Time Inc., reports CNBC's Mary Thompson.
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Traditional media stocks have been on quite a run into the Dow Jones' rise towards hitting the 14,198 intraday peak, with the five biggest media giants hitting new highs. Here's what has been driving the media industry's gains.
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Cablevision sued Viacom for forcing it to pay for more than a dozen low-rated cable networks in order to get access to Viacom's more popular channels such as Nickelodeon, MTV and Comedy Central.
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Internet users who illegally share music, movies or television shows online could soon receive warning notices from the nation's major Internet service providers.
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Feb 26- New York- based cable operator Cablevision Systems Corp filed an antitrust lawsuit on Tuesday alleging that Viacom Inc forced it to pay for 14 cable networks it did not want as a condition of carrying the media company's more popular channels such as Nickelodeon, MTV and Comedy Central.
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Check out which companies are making headlines before the bell on Friday:
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*Analysts say Comcast getting good price. *Comcast has been making executive changes at NBC. Feb 12- Comcast Corp clinched full control of NBC Universal for $16.7 billion on Tuesday, the latest in a series of deals that have taken the cable operator from humble roots in Tupelo, Mississippi, to Manhattan's iconic Rockerfeller Center.
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NEW YORK, Feb 11- Dish Network Corp went to trial against ESPN Inc on Monday over claims the sports programmer owes it more than $152 million after breaching a contract by offering better deals to rival distributors. The lawsuit in U.S. District Court in Manhattan pits the No. 2 U.S. satellite company against the sports affiliate of media group Walt Disney Co..
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News Corp. beat earnings expectations, but shares reversed their move upward and headed into negative territory on the media giant's lowered outlook on concerns about the European economy.
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Time Warner increased its dividend by 11 percent, and authorized a new $4 billion buyback. CNBC's Julia Boorstin spoke with its CEO Jeff Bewkes for more insight.
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U.S. stock index futures erased their early gains to turn lower in choppy pre-market trading Wednesday, as investors parsed through a batch of mixed earnings news .
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Netflix's move into original content could shift the business, BTIG media analyst Rich Greenfield says.
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The South Street Seaport is recovering three months after Sandy. How some small-business owners are using technology to keep sales ringing.
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What to expect when two giants—Viacom and Time Warner Cable—report quarterly earnings before the bell on Thursday.
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CNBC's Julia Boorstin reports Viacom is under pressure from declining ratings, and Time Warner Cable's earnings per share are expected to grow 18 percent.
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If Harvey Weinstein saw reason to be credulous of trader instincts, maybe 2013 is when Netflix proves itself to skeptics.
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Al Jazeera's announced plans to establish a new U.S. cable news channel via the purchase of Current TV isn't even 48 hours old and already it finds itself in a vicious battle to retain distribution rights.
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Al Jazeera said on Wednesday it will buy Current TV, the struggling cable channel founded by Al Gore and partners, in a move that will boost the Qatar-based broadcaster's footprint in the United States.
