U.S. media titans keep tripping over cut cords. Healthy profits and outlooks from the likes of Walt Disney and Time Warner this week weren't enough to disentangle them.» Read More
It was an ugly first half for the stock market and now that the goal posts have been moved for the economic recovery, expect a rough game in the second half.
Animation giant Pixar scored its ninth consecutive No. 1 Sunday with its robot love story "WALL-E," while Angelina Jolie achieved a personal best with her violent assassination thriller "Wanted." "WALL-E," bolstered by near-unanimous critical praise, sold an estimated $62.5 million of tickets in its first three days, said Pixar's Walt Disney Co parent..
Media stocks have tanked. A chart of the media conglomerates performance over the past 12 months is flat-out ugly. They're all in the red, and all but Disney have underperformed the Dow, and it's still down about five percent over the past 12 months.
There are a lot of downdrafts in the media-business atmosphere right now, but Tuna Amobi of Standard and Poor's has "strong-buy" ratings on a couple of high-profile companies.
Newspapers are breaking records -- and it's not a good thing. A double-digit drop in newspaper ad revenue, the third consecutive year of declines, and record margin contraction makes this the industry's worst year ever. The newspaper industry's ad revenue is down 12 percent this year, on top of last year's already dismal 8 percent drop.
The gap between Bollywood and Hollywood is becoming increasingly narrow. Earlier this week I blogged about how Steven Spielberg is in talks with Indian Media Giant Reliance ADA group to finance an independent studio.
When the News Corporation added MySpace to its portfolio nearly three years ago, it expected that if its base of 16 million users kept growing — and each user kept adding friends, sharing photos and swapping flirty messages — the advertising dollars would roll in, the New York Times reported.
Three of the country’s largest Internet service providers are threatening to clamp down on their most active subscribers by placing monthly limits on their online activity.
The SEC just approved the plan to split the company's fast and slow growing divisions. A common strategy in this media landscape where old media seems slow and archaic compared to dynamic web-fueled growth.
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.