Day nine of the Summer Olympics in Beijing, featuring swimmer Michael Phelps' historic gold-medal triumph, gave NBC its most watched Saturday prime-time broadcast in 18 years, the network said Sunday.

Gannett plans to eliminate 1,000 positions from its local newspapers around the U.S. because of declining advertising and circulation revenue, and may cut more if those conditions persist.

NBC Universal's Olympics coverage is drawing huge audiences, helped by the extravagant opening ceremony and swimming star Michael Phelps, and setting the stage for what could be record TV ratings for the Summer Games.

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?

Chinese Internet media company Sina said its quarterly profit nearly doubled because of a 58 percent rise in advertising revenue ahead of the Beijing Olympic Games this month.

Chinese Internet media company Sina said its quarterly profit nearly doubled because of a 58 percent rise in advertising revenue ahead of the Beijing Olympic Games this month.

Rupert Murdoch's News Corp. reported fourth quarter profit rose 27 percent from the sale of its interests in Fox Sports Bay Area and Gemstar-TV Guide International as well as double-digit percentage profit jumps in nearly all divisions

Cablevision Systems said Tuesday it would hire investment banks to help evaluate a spin off at least one of its businesses, among other strategies, including buying back stock or paying out dividends, sending shares up as much as 8 percent.

Batman buried his rivals at the North American box office for a second weekend on Sunday, racing past $300 million in a record 10 days.

Regulators reached an agreement to conditionally approve Sirius Satellite Radio's purchase of XM Satellite Radio as the companies said they would pay millions of dollars to settle allegations of past rule violations.

Commissioners at the Federal Communications Commission have reached an agreement to approve Sirius Satellite Radio's  purchase of XM Satellite Radio , the Wall Street Journal reported.

The Federal Communications Commission is close to giving a green light to Sirius Satellite Radio's proposed takeover of acquisition of XM Satellite Radio, the Wall Street Journal reported Wednesday.

A Federal Communications Commission member who sought further concessions in a pending satellite radio buyout withdrew his offer Wednesday after it failed to draw support.

Protests against China's policies at home and abroad, as well as marketing techniques used by companies that are not official Olympic sponsors, have made the Beijing games a risky proposition for some sponsors.