Al-Jazeera bought Al Gore's Current TV, and as soon as the deal was announced, Time Warner Cable pulled the plug on Current TV. Brent Bozell, Media Research Center founder & president, offers insight.
"MGM and Warner Brothers are going to make their money back" with "The Hobbit," says one critic, "but I don't think it's going to be the huge cultural phenomenon we saw with 'The Lord of the Rings'."
CNBC's Julia Boorstin reports Time Warner and MGM are counting on strong performances from two new releases to pave the way for an IPO.