Stocks remained lower in mid-afternoon Wednesday, led by energy and industrials, after the Dow briefly popped into positive territory. Markets remained skittish after Moody's put Portugal's debt rating on review.
Newsweek Magazine has been losing money since 2007. Last year the magazine's ad sales plummeted 30 percent to $241 million, the magazine division posting an operating loss of $29.3 million.
Time Warner CEO Jeff Bewkes was upbeat on the company's first quarter earnings call - his strategy of stripping out extraneous businesses and focusing on creating value through content seems to be working.
CNN and CBS, two suitors with a long history of courtship, have engaged in direct talks in recent weeks about more extensive combinations of their news resources, according to several executives who have been briefed on the discussions. The NYT reports.
Stocks continued to slide Wednesday, after a selloff in the prior session, as Moody's put Portugal's debt rating on review.
Time Warner's stock is trading near an 18 month closing high ahead of its quarterly earnings report tomorrow morning.
Barry Diller's IAC/Interactive Corp and AOL both reported earnings before the bell. IAC's results exceeded expectations — it grew revenue 16 percent on 20 percent higher search ad revenue.
James Cameron's 3-D epic "Avatar" also holds remarkable appeal in a 2-D format — breaking home entertainment records in its first four days on sale.
Premium cable channel Epix has finally signed its first national distribution deal—to Dish Network's 14 million satellite TV customers.
In a major upset, the new kiddie superhero action comedy "Kick-Ass" failed to take the top spot at the North American box office, narrowly losing the race to "How to Train Your Dragon," according to studio estimates.
Here, we present the top 10 class-action lawsuits in the United States either won, settled or pending, and in terms of damages sought as compiled by LawInfo.com.
A new report reveals that consumers are spending less on home entertainment—but it's not all bad news. Spending on DVDs, Blu-Ray and digital distribution dropped 8 percent in the first quarter to $4.84 billion, on the heels of a 5 percent drop last year.
Late-night mainstay Conan O'Brien is headed to TBS to resume his comedic duties with a talk show expected to debut in November, the network says.
MGM was hoping to snag a $2 billion offer for its library of films and some big titles like 'The Hobbit' and 'James Bond.' The most MGM drew was a $1.5 billion bid from Time Warner, which simply wasn't enough for MGM creditors to sell.
The Lightning Round is extended in this CNBC.com exclusive feature.
Apple's iPad provides a ray of hope: it's forcing magazine publishers to adapt to a new dynamic format, a format that promises dual revenue streams.
At the 7th annual Montgomery Tech conference there's a lot of talk about which company might be "the next Google."
The stocks that make this list are there for good reason – and it’s not uncommon for them to keep going higher.
I just got back from a ten day trip to northern India; I was on vacation but the media stories there were inescapable. Billboards, TV ads, and magazine covers reminded me that this is a massive new market for U.S. media giants and social networks.
How do you shrink the deficit now that Medicare and Medicaid are "off the table for deficit reduction?" By taking on benefits in the second biggest entitlement: Social Security. Or at least that's what the New York Times is suggesting in a front page story which is being widely passed around on trading desks.