Last September, Abu Dhabi Media Company, an arm of the government in the city-state capitol of the United Arab Emirates, reached a $1 billion deal to make movies and video games with Warner Brothers, the big Hollywood studio owned by Time Warner. A year later, the two partners have announced just one movie, but that has not stopped Abu Dhabi Media from spreading even more money around the movie busines, says the New York Times.

French media and telecommunications giant Vivendi said Monday that net profit in the second quarter was little changed as higher earnings at its Canal+ pay-TV operations were offset by a decline in profitability at its SFR mobile telecoms business.

Shares in IAC InterActive, run by media veteran Barry Diller, rose more than 9 percent Thursday after the company was divided into four publicly traded entities and IAC announced a one-for-two reverse stock split.

A defense attorney for the Missouri woman charged in a MySpace hoax that allegedly led to a 13-year-old girl's suicide argued in court papers that prosecutors are bending a cyber crime statute to prosecute his client.

Iran's new interior minister has raised an uproar among lawmakers and Iranian media over an apparently fake claim that he holds an honorary doctorate from Britain's Oxford University.

CEOs from McDonalds, Adidas and WPP Group looking to boost sales from the long-awaited Beijing Olympic games, talked about their various strategies to expand brand image, their views on the economy, and more on CNBC.

Despite setbacks, analysts say Sirius XM Radio, now the only satellite radio provider in the United States, is still a good long-term buy for investors. But do traditional AM/FM stations have as much potential for profit?

Television news' royalty will fly in to meet Barack Obama during this week's overseas trip: CBS chief anchor Katie Couric in Jordan on Tuesday, ABC's Charles Gibson in Israel on Wednesday and NBC's Brian Williams in Germany on Thursday.

Television news' royalty will fly in to meet Barack Obama during this week's overseas trip: CBS chief anchor Katie Couric in Jordan on Tuesday, ABC's Charles Gibson in Israel on Wednesday and NBC's Brian Williams in Germany on Thursday.

A federal appeals court on Monday threw out a $550,000 indecency fine against CBS Corp. for the 2004 Super Bowl halftime show that ended with Janet Jackson's breast-baring "wardrobe malfunction."

The movie's Friday haul surpassed the previous record of $59.8 million set last year by "Spider-Man 3." "The Dark Knight" also might break the opening weekend record of $151.1 million posted by "Spider-Man 3."

The potential deciding vote in the U.S. government's review of the $3.1 billion merger between satellite radio companies told The Associated Press he will vote in favor of the deal if the companies agree to tougher conditions.

News Corp's Rupert Murdoch said it was "very unlikely" his company would be involved in any Yahoo transaction and said Yahoo and Microsoft would not end up with any deal.

NBC Universal Chief Executive Jeff Zucker said on Thursday he was not looking to spin off or sell some of the company's assets.

The biggest media and tech companies are meeting at the Allen & Co. conference in Sun Valley, Idaho, but so far, not many deals have been made. Find out what companies have reached agreements.