News Corp chief Rupert Murdoch on Thursday filed for divorce from his wife of 14 years, Wendi, seeking to end a marriage that had been broken for more than six months.» Read More
Dick Parsons spoke at Merrill Lynch's media conference in London and said he's "getting close" to handing over the reins. Who's his successor? He said deputy Jeff Bewkes is "the right man" to succeed him, though obviously that's up to the board of directors. Which is no surprise. So how soon is close? Well, his contract expires next year, so we can pretty much expect him to be gone by end of 2008.
Time Warner said Thursday it will make a decision on AOL's future by the end of the year, addressing rampant speculation the online unit could be spun off or merged with another company.
As CNBC's Julia Boorstin reported on her blog last week, former HBO chief operating officer Nelson became the front runner for the chief executive spot not long after the network's previous CEO, Chris Albrecht, stepped down last month.
As I predicted last week, HBO has named Bill Nelson, its interim CEO, as Chris Albrecht's permanent replacement. Nelson, was HBO's former COO. Sources tell me that the choice was down to Nelson and two other insiders. But as interim CEO, Nelson always had a leg up! Nelson's been around HBO since 1984, and he's worked in all parts of the company-- domestic and international marketing, acquisitions, finance, etc.
Internet television service Joost named former Cisco senior executive Mike Volpi as its new chief executive on Tuesday, choosing a telecom veteran to lead the company as it courts big media to show programming on its site.
NBC is hiring Ben Silverman, producer of "The Office" to partner with Marc Graboff, as co-chairmen of NBC Entertainment and the NBC Universal Television Studio. The two will succeed the network's departing head of entertainment, Kevin Reilly. With ratings sinking--down 9% for the past six months over the year earlier period--the buck stops at Reilly. And even though NBC just recently renegotiated his contract for another three years, he's on his way out. NBC would rather pay out his remaining salary (or part of it) then have him in charge.
So, for the first time we are getting a clue about how much GlaxoSmithKline will charge for the over-the-counter diet pill Alli, at least at drugstore.com.According to the pricing on the site, where you can actually pre-order your Alli (it won't be available until next month), it'll cost about 83 cents per pill (60 capsules for $49.99). You're supposed to take about three a day, one at every mealtime. But if you buy in bulk (120 pills), the price goes down to about 62 cents apiece. Drugstore.com is also offering free shipping.
The conviction of Adelphia Communications founder John Rigas and his son on fraud charges was upheld by a federal appeals court.
"Shrek the Third" took in $122 million in its first weekend, breaking the franchise's own record for best debut ever for an animated film, according to studio estimates Sunday. The latest adventure of the ogre shot past 2004's "Shrek 2," the previous record-holder for animated openings with $108 million.
Amid the roaring bull market, three big investors disclose details of some big trades within their huge portfolios.
Share buybacks are seen driving the market rally. But is the record buyback level really a good thing? Jerry Castellini thinks so. The president and CIO of CastleArk Management explained his optimism to "Squawk on the Street" viewers.
Investor Carl Icahn has purchased a big stake in Anadarko Petroleum, according to regulatory filings, suggesting the billionaire investor is betting on further consolidation in the oil services sector.
Forget the small fry and medium-cap companies: Andy Bishel thinks some of the market's largest names have the richest potential. The CIO of SKBA Capital Management gave "Morning Call" viewers two stock recommendations that may surprise them.
HBO Chairman and Chief Executive Chris Albrecht said on Wednesday Time Warner asked him to step down, days after he was arrested on suspicion of assaulting his girlfriend.
Cramer is toying with a new slogan: “Sell in May, Hang Yourself.” Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Summit Entertainment, a new studio launched two weeks ago with $1 billion in financing led by Merrill Lynch, just unveiled its slate of new development projects -- nine that will go into production this year -- with two films going into production this summer. The plan is to release ten to 12 films a year through its domestic pipeline, and they're not wasting any time.
They are the highest paid members of society. No, not the New York Yankees. We’re talking about America’s CEO’s. But while their compensations have soared, their tenures are shrinking. The Wall Street Journal's Alan Murray reveals who is likely to get the axe, next.
Chris Albrecht, chairman of the pay-cable TV network HBO, was granted a leave of absence by parent company Time Warner on Tuesday pending the outcome of his weekend arrest on a charge of assaulting his girlfriend.
Cable has its triple play for media – internet, cable, phone – but Cramer has his own: Verizon, Comcast and Charter Communications. Here are the reasons why these stocks are his favorite in the space. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The cable industry is assembling in Las Vegas for a major convention, where competition, convergence and content are the buzz words.