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
Stocks closed lower as credit worries about Citigroup and other big financial institutions sparked a broad selloff.
Time Warner confirmed a CNBC report that Dick Parsons is stepping down as CEO and will be replaced by Chief Operating Officer Jeff Bewkes.
Chuck Prince is out, but it's far from clear who will take over as CEO of Citigroup, the nation's largest bank. Sandy Weill told CNBC he's not interested in returning to run the company..
U.S. film and television writers went on strike Monday, after last-minute talks aimed at averting the Writers Guild of America's first walkout in almost two decades collapsed.
A heroin pusher and a honey bee put some sting back into the movie business.
Stocks could be setting up for a bit of a bounce back but first investors need to decide just how radioactive the financial sector has become. Heading into the weekend, market rumors of lurking credit issues plagued bank and brokerage stocks.
Could it be a "black-and-blue" Friday for Blu-ray? There are rumblings about a big announcement coming from Wal-Mart that could give a big boost to HD-DVD. I'm hearing that the company will begin selling the Toshiba HD-A2 for $98 in a special one-day, in-store secret sale. The unit sells for $198 at Circuit City and Amazon, so this is a steep discount.
Two years after it successfully fought off the efforts of Carl Icahn and the plan authored by Lazard Frères to break apart Time Warner, the company seems ready to embrace it, CNBC's David Faber reports.
CBS and Viacom report earnings Thursday and Friday, respectively, kicking off the season for Big Media.
Tomorrow's going to be a big day for the telecom and cable industries. The FCC is expected to strike down exclusive contracts between cable TV providers and apartment building owners. This will end the practice that kept competitors from offering their services to residents.
US stocks followed technology shares to push higher Friday after a week of uncertainty, shaking off record-high oil, a federal probe into the nation's largest mortgage lender and another batch of disappointing earnings reports.
Time Warner shares rose nearly 4 percent on a report that Chief Executive Richard Parsons plans to announce his exit as early as next week.
Microsoft has momentum as its friend when it comes to the game console business. Finally. Halo 3 has been like a magic elixir for Xbox 360, by some measures tripling console sales in the wake of the title's release, and for the first time, Microsoft beat sales of Nintendo's Wii during the month of September, selling an average of 105,600 units a week last month.
The European Commission on Monday extended the deadline for its inquiry into Google's proposed purchase of rival DoubleClick to Nov. 13 from Oct. 26.
The new vampire thriller "30 Days of Night" sucked the life out of its box office rivals, opening at No. 1 with estimated weekend sales of $16 million, according to studio estimates issued Sunday.
The Hollywood screen and TV writers have all cast their votes on whether or not to strike--the deadline was yesterday. And today, at about two or three pm pacific time, the WGA is expected to announce that they've gotten authorization to strike--a nice threat to have in their pocket when they go into the 11th day of negotiations with the Producers on Monday.
Google's biggest challenge for its online video site YouTube, is getting professionally-created content on board. That means having a serious anti-piracy plan. So, YouTube has finally unveiled its new filtering tools to find copyrighted material.
You may know Nielsen for its TV ratings, but the company also tracks all your entertainment consumption online. Today, Nielsen is announcing two new divisions--Nielsen Online and Nielsen Mobile--to give more detailed analysis of how people are spending their time and their money online and on their mobile phones.
The domestic box office has been disappointing the past two weekends, especially compared to last year's boffo openings of "The Grudge 2" and "The Departed." But actor/director Tyler Perry came out smiling, his "Why Did I Get Married" comedy from Lions Gate bringing in $21.5 million on what must have been a very small production budget.
Time Warner's Internet unit AOL will eliminate 2,000 jobs as part of an ongoing restructuring to better focus on boosting online advertising, according to a memo obtained Monday by Reuters.