News Corp. is benefiting from its global diversity and a strong TV business, and it doesn't seem to be hurt by the U.S. economy's downturn. And now, investors are saying the stock is undervalued.    Read More

News Corp raised its guidance earlier this year, so now the big question facing the company is whether, in the face of an economic slowdown, it'll be able to live up to those higher expectations.    Read More

The Walt Disney Company reported another stellar quarter, with earnings of 58 cents per share, blowing away Wall Street's consensus earnings estimate of 51 cents per share, while revenue came in at $8.71 billion, also beating analyst expectations, and up 10 percent over last year.    Read More

When Kobe Bryant was accused of sexual assault almost five years ago, the pitchman in Bryant fell off the face of the earth. Coke, which was using him for Sprite, shelved his ads and replaced him with Lebron James when his contract expired. McDonald's didn't renew him, neither did Nutella and Spalding.    Read More

Tell me if this isn't the most ingeniously parasitical way to make a living: There are some guys who videotape themselves going around Hollywood digging through celebrity trash, and then they turn that trash into treasure on eBay.    Read More

"Iron Man" from Marvel and Paramount opens today, kicking off the summer movie season. With the box office expected to top $85 million opening weekend, Hollywood's pretty excited, and for good reason. The economic downturn is squeezing consumer spending, but there's one corner of the consumer pocketbook that'll emerge unscathed from the "r" word.    Read More

Today in Time Warner's post-earnings conference call CEO Jeff Bewkes announced some interesting news about the company's new strategy about distributing home video. Warner Bros. will offer its DVD film titles on video-on-demand the same day they release the DVDs--what they call a "day and date" release in Hollywood.    Read More

CBS stock has been beaten down over the past year--down some 30 percent. But today the stock is up on the company's better than expected quarterly results. And good news for shareholders, CBS spacer raised its quarterly dividend from 25 cents per share to 27 cents per share.   Read More

When I read the New York Times article late Sunday night about Disney star Miley Cyrus revealing Annie Lebowitz photos, I thought uh oh, and immediately went to the Vanity Fair website to click through the 18-photo spread and read the article.    Read More

Tomorrow is the 25th anniversary of the greatest rant in coaching history: Chicago Cubs manager Lee Elia’s unbelievable tirade. If you haven’t heard it in a couple years, it’s a real treat. Thanks to Neil Best’s Watchdog blog for the bleeped Chicago Tribune version.    Read More