Peter A. Chernin, the former president of the News Corporation and one of the most prominent media executives not tethered to a major conglomerate, is advising Comcast in its bid to acquire a majority stake in NBC Universal, according to executives briefed on the matter.

Despite widespread reports in the media, California is not planning to ban the sale of large-screen TVs, an Energy Commission spokesman said

Of the world’s biggest media companies, the one that might seem in the best position to ride out the recession is Vivendi, whose headquarters in the shadow of the Arc de Triomphe oversees a sprawling empire of music, pay television, video game and mobile phone businesses.

Media mogul Sumner Redstone's holding company, National Amusements, said Wednesday it is selling a portion of its stake in CBS and Viacom to pay off its debts.

Two weeks into a new season, the talk of television is the Leno effect — and whether it is hazardous to NBC’s health.

Monday Night's game between the Minnesota Vikings and the Green Bay Packers has broken the record for the most watched sporting event on cable television.

The ad economy may be a lagging indicator for the overall economy, said Sir Martin Sorrell, chairman of WPP on Monday.

General Electric and Comcast are discussing a deal in which GE would spin off its NBC Universal unit and merge the  new company with the content assets of  Comcast, CNBC has learned.  The deal is far from certain.

UFC co-owner and president Dana White told CNBC Tuesday that his ultimate fighting organization is ready to be more popular than ever.

The Philippines appealed for international help Monday after a tropical storm killed 140 people in the country's north and warned a new storm could strike this week.

The death toll from massive flooding in northern Philippines rises to 240 as another storm brews off the coast.

Army troops, police and volunteers pluck dead bodies from flood waters and rescue drenched survivors from rooftops after Tropical Storm Ketsana tore through northern Phillippines.

The father of the late "Meet the Press" moderator Tim Russert has died in Buffalo, NY. He was 85.  The family of Timothy J. Russert Sr. issued a statement saying he died Thursday of natural causes.

Despite growing concerns of a collapse in the commercial realty market, the Observer Media Group owner and publisher Jared Kushner is launching a commercial real estate newspaper: The Commercial Observer.

Vivendi's CEO said no decision has been made on whether the company will seek to exit a partnership it's been in since it sold NBC its Universal Studios and accompanying assets in 2003.