The fantasy adventure "Indiana Jones and the Kingdom of the Crystal Skull," in which 65-year-old Harrison Ford reprises his role as an intrepid archeologist, unearthed $126 million during its first four days of release in North American theaters, its distributor said Sunday.

"The Chronicles of Narnia: Prince Caspian" dethroned "Iron Man" as ruler at the box office, pulling down $56.6 million, according to studio estimates Sunday. 

Liberty Media and IAC/InterActiveCorp resolved their legal dispute over IAC's proposed restructuring, paving the way for a spinoff of four IAC units

Apple's iTunes online store will sell television shows from Time Warner's HBO cable network, including "The Sopranos" and "The Wire," the companies said Tuesday.

TV advertisers are preparing for the 52 week season.

Superhero movie "Iron Man" pounded the competition at North American box offices for the second straight weekend, landing at No. 1 with just over $50 million in ticket sales, according to studio estimates Sunday.

Walt Disney posted a better-than-expected rise in earnings on growth at its movie studio, theme parks and media networks.

NBC Universal, a unit of General Electric, plans to say next week that the entry price for a 2009 Super Bowl 30-second ad will be $3 million, the Wall Street Journal said on Tuesday.

Time Warner plans to split off its cable services division to lift its sluggish stock price as it also reported quarterly earnings Wednesday that fell just short of Wall Street's expectations.

CBS reported a greater-than-expected rise in earnings on Tuesday, helped by healthier results from its television business, and boosted its dividend by 8 percent.

While Walt Disney  plays damage control over the near-topless photos of Miley Cyrus, the hugely popular teen star of its lucrative "Hannah Montana" multi-media franchise, most analysts say the event is more likely to boost the bottom line than hurt it.

Old television shows - even some long out of syndication - are finding new audiences on the Web.

Media companies, like the New York Times Company and News Corp, are facing a new set of challenges, and CNBC's Julia Boorstin takes an in-depth look.

The Wall Street Journal's managing editor is resigning, Dow Jones said, setting the stage for News Corp chief Rupert Murdoch to further consolidate his power in the business paper's newsroom.

The managing editor of the Wall Street Journal is planning to resign his post, the Journal reported on its website on Monday.