General Electric and Vivendi are making slow progress in talks for the French media company to shed its 20 percent stake in NBC Universal, but a deal is still expected in the next 10 days, sources told CNBC.

The New York Times News Service, which repackages Times stories for other media outlets, is laying off up to 25 employees.

Europe's largest entertainment group Vivendi delivered a better than expected 5.1 percent rise in its third-quarter underlying profit on Thursday, and said it was sticking to its 2009 forecast.

Time Warner subsidiary AOL said Thursday that it expects to take $200 million in restructuring charges after its planned spin-off from Time Warner.

The last of the original CNN hosts, Dobbs told viewers on Wednesday that he was quitting his nightly show—effective at the end of the hour—to pursue new opportunities.

CNN host Lou Dobbs, whose outspoken views on U.S. immigration have made him one of the most controversial figures on cable news, said on Wednesday he is leaving the 24-hour cable news network because he wants a freer platform to state his opinion.

News Web sites are starting to look a lot less like newspapers and a lot more like television, says the New York Times.

Simon Cowell, the acerbic  "American Idol" judge, creator of "America's Got Talent" an record producer, is the top earning man on prime-time U.S. television with an estimated haul of $75 million, Forbes.com said on Tuesday.

Southeast Asia's biggest telecom firm, SingTel, predicted a cautious outlook for growth in its core markets after second-quarter profit jumped 18.8 percent.

Comcast and General Electric have agreed to make NBC Universal CEO Jeff Zucker the head of their proposed joint venture, but the structure of a new board is still being negotiated, sources familiar with the matter said.

News Corp. chief executive Rupert Murdoch threatened to sue the British Broadcasting Corp. for allegedly stealing content from his company's newspapers and said News Corp. is considering pulling its stories from Google news searches

EU antitrust regulators launched an investigation on Tuesday into news and financial data publisher Thomson Reuters' use of its real-time market datafeed, saying it might block users moving to rival firms.

General Electric and Comcast have agreed on a valuation of around $30 billion for a joint venture between NBC Universal and Comcast, ironing out what has been a key obstacle in talks so far, a source familiar with the matter said Sunday.

CBS on Thursday reported earnings and revenue that beat analysts' expectations, sending its shares up in after-hours trading.

The legalization of marijuana for medical purposes may have some benefits, but no one likely predicted it would be used to market a sushi restaurant. The New York Times reports.