Sir Martin Sorrell, WPP CEO, shares his thoughts about Fox's bid for Time Warner.» Read More
Yahoo President Susan Decker said Wednesday there are "ongoing, engaged talks" with Microsoft.
Though the Weather Channel's owner, Landmark Communications, was originally looking for $5 billion for the asset, which includes mobile and online, now the bids are coming in at some $3.5 billion in stock and debt. Bankers telling me that the number has come down with the turmoil in the credit markets.
Warner Bros. reports that a full 85 percent of the audience its huge opening Friday night was female, a ratio that shifted only slightly over the weekend as women dragged more boyfriends and husbands along.
"Sex and the City" fashioned a surprisingly strong opening at the North American box office on Sunday, as frenzied female fans used the romantic comedy as an excuse for a big party.
A consortium including NBC Universal and Blackstone Group bidding for the Weather Channel is offering about $1.8 billion in equity for their bid, or roughly half the total offer, a source familiar with the matter said.
In a clever pr stunt to exploit the tidal wave of buzz attached to the Time Warner film, Best Buy's Geek Squad is telling guys who would rather order carry-out than get "Carrie'd" away how to stay out of the theater. "Geek Squad has your back," say pamphlets which Geek Squadders will be handing in Times Square tonight.
For the week ending Friday, May 23, 2008, the U.S. Equity Markets ended the week down with all of the major indices off by more than 3% on continued concerns about high energy costs. Oil and gasoline continued to hit new record highs and the dollar declined against major currencies.
At a time when Microsoft and Yahoo publicly stumble about, trying to come up with some way to take on Google's search juggernaut, we now get more market research data showing Google continues to gobble up market share. And it's the kind of news that neither Microsoft nor Yahoo can afford to hear.
By all measures, this movie, from Time Warner's New Line Cinema, promises to be huge with the female demographic that so loyally watched the HBO series for six seasons. It's that die-hard female fan base that's attracted huge brands to partner with the film, and earned it the nickname usually reserved for the Oscars: the Super Bowl for women.
Stocks plunged after the Federal Reserve cut its 2008 outlook and oil finished above $133 a barrel. The Dow shed more than 227 points, or 1.8 percent, bringing its two-day point decline to about 450.
It's a joint venture between two unlikely partners: Paramount Licensing Consumer Products & Recreation Group and South Korea's Daewoo Motor Sales.
This morning Time Warner revealed how it plans to spin off its 84 percent ownership stake in Time Warner Cable. As part of the deal, the cable company will pay a one-time $10 per-share dividend.
Stocks opened flat Wednesday after oil breezed past $130 a barrel, fueling inflation fears.
Time Warner and Time Warner Cable said Wednesday they would split into two companies and pay Time Warner Cable shareholders a one-time $10.9 billion dividend.
So have you seen the news? We've done a deal with AOL! They are going to have our content on their site! What a long, strange Internet this is.
The theme of this year's National Cable and Telecommunications show is "Think Big." Even though this year's show in New Orleans is smaller than previous years, the theme makes sense. Cable ratings are bigger than ever, as are ad dollars, and distribution is broader than ever.
The broader economic slowdown is hampering the growth of online advertising.
Stocks were juiced ahead of Friday's session as indexes sit at the highest levels since early January. But beware. Some traders are talking about the idea that as these highs are being reached, sluggish volume could be throwing up warning signs.
Until this year, this annual "Upfront" ad sales week in May has been reserved for the broadcast networks to sell their ad time. But this year Time Warner's Turner cable channels positioned their upfront ad sales period smack dab in the middle of the action, sending the message that they're taking on the nets head-on.
The CW's big hit is without a doubt "Gossip Girl." Talk about buzz. But it hasn't been enough to juice up ratings. But of course the CW is bringing it back on Monday nights followed by "One Tree Hill." An interesting note about "Gossip Girl": afraid that streaming the show has hurt its TV ratings this season it's not being offered online.