The marketplace forces undermining traditional media conglomerates are being exploited by Netflix, media analyst Rich Greenfield tells CNBC.» Read More
CNBC's parent company NBC Universal did quite well with the Olympics. More than 211 million Americans watched the games -- that's more than 70 percent of the country -- making them the most-watched ever, beating the 209 million viewers who watched the 1996 Atlanta games.
Four years ago, Verizon Communications embarked on an ambitious and expensive plan to run fiber optic cables, which can deliver ultra-fast Internet service and dozens of high-definition video channels along with old-fashioned telephone service, past 19 million homes, roughly half its territory.
Warner Bros. made a surprise announcement Thursday -- it's pushing the release of its Harry Potter sequel, "Harry Potter and the Half-Blood Prince" from November 11 to July 17, 2009. That's eight months!
Two mega-investors -- Warren Buffett and Carl Icahn -- made major portfolio shifts.
Billionaire investor Carl Icahn reported that he had increased his stake in Motorola to 144.1 million shares from 115.6 million shares the prior quarter. Meanwhile, George Soros raised his stake in Wall Street firm Lehman Brothers to 9.5 million shares.
"The Dark Knight" ruled the North American box office for a fourth weekend Sunday to become the third-biggest movie of all time.
A week from today, LucasFilm and Warner Bros. will unleash "Star Wars: The Clone Wars," the latest installment of the Star Wars money-making machine. And with it comes the spotlight on cool technologies.
Stocks advanced Tuesday, building on the prior session's rally, as a drop in oil prices and encouraging outlook from Cisco helped offset disappointment in Freddie Mac's results.
Stocks pared their losses Tuesday as a sharp rise in crude inventories sent oil prices lower, offsetting disappointment in Freddie Mac's results.
The big news: the company has taken the financial and strategic decisions in order to split the businesses, enabling them to sell the parts.
Stocks declined Tuesday, led by banks, after Freddie Mac posted a loss that was much wider than expected and announced plans to slash its dividend.
Stocks failed to capitalize on the momentum of Tuesday's 330-point Dow rally, opening slightly lower Tuesday on disappointing earnings news and an uptick in oil prices.
Cable giant Comcast is paying some $125 million for Daily Candy, a lifestyle-oriented website and e-mail newsletter that reaches 2.5 million readers, mostly women. Founded in 2000, Daily Candy publishes 13 daily editions and eight weekly editions, organized by locale or interest.
Time Warner said it would split AOL's dial-up Internet and advertising businesses into separate divisions by early 2009, a move that could ease a sale or merger of either business.
Whether stocks add to Tuesday's heady gains or not will be determined in part by whether oil prices stay in a downtrend.
Monday a federal appeals court overturned a lower court ruling that prohibited Cablevision from offering "Network DVRs". This technology allows pretty much anyone with cable to easily and less expensively enjoy the ad-free viewing a DVR allows.
We're mid-way through media earnings, and a distinct trend is emerging: weakness in local ad markets is now spilling over to national cable and broadcast advertising. The media industry is facing all sorts of hurdles. Particularly unfortunate sector challenges at a time when the ad cycle is at a low.
It's late Sunday night and I've got a very tired 7-year-old boy in the back seat of my car. Driving home from the media screening of the upcoming "Star Wars: Clone Wars" animated feature due in theaters Aug. 15.
"The Dark Knight" fended off a strong challenge from the new "Mummy" sequel to lead the North American box office for a third weekend, and is on track to become the second-biggest movie of all time.
Yahoo has a lot of persuading to do Friday. At its annual meeting, Yahoo will have to show frustrated shareholders how it plans to move forward in the wake of dead-end buyout talks Microsoft. This against the background of Carl Icahn on its board and the sale of T. Boone Pickens Yahoo stake ahead of the meeting.