CNBC's David Faber and Rob Cox, Reuters Breakingviews editor, discuss Rupert Murdoch's pursuit of Time Warner and just high the media mogul is willing to go to win the bid.» Read More
A big surprise considering the economic downturn and the challenges and new competition network TV faces. The broadcast networks are bringing in about $9.2 billion for their primetime lineups, up slightly from last year, while analysts expected total sales to be flat to down.
The legendary activist investor offers just what these two struggling companies – and their investors – need.
In spite of the built-in WiFi, the touch-screen that lets users manipulate data and an accelerometer that allows the on-screen image to rotate with the device, the reality is, without a network that allows users to fully realize its capabilities, the iPhone is only achieving a portion of its potential.
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.