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

While late-night talk show host David Letterman would undoubtedly do without the personal turmoil, his blackmail scandal is great for business.

The takeaway is the brilliance with which the show host handled the whole thing—and the lesson it offers to all senior execs who stumble into personal scandal.

Stocks edged up Thursday, with a brighter outlook from Procter & Gamble and a better-than-expected jobless claims report, countering a dim forecast from Monsanto.

Stocks edged up Thursday, with a brighter outlook from Procter & Gamble and a better-than-expected jobless claims report, countering a dim forecast from Monsanto.

The passing of Sen. Ted Kennedy absorbed TV newscasts. With the Massachusetts senator's grave medical condition widely known, the networks were ready with tributes, commentators and mournful music to air at each commercial break.

Don Hewitt, the CBS Newsman who invented "60 Minutes" and produced the popular newsmagazine for 36 years, has died. He was 86.

The News Corporation needs television viewers to find the Fox Business Network, and it thinks the cowboy-hat-wearing radio host Don Imus could help.

Media giant CBS beat the Street when it reported earnings of 8 cents a share last week, but its net profit is down more than 90 percent on the year. So why have CBS shares skyrocketed?

The early days of iPhone applications resemble the early days of the Internet. Media companies know they need to have an app for the iPhone, and so they are creating appealing ones that are loaded with features.  Yet, as with the Web, it is far from clear how much revenue media apps for the iPhone can produce.

Stocks rallied Friday, bringing their winning streak to four straight weeks, after the latest employment numbers showed signs of a stabilizing job market.

Stocks rallied Friday after the latest employment numbers showed signs of a stabilizing job market.

Advertisers bought about 15 percent less commercial time from networks ABC, NBC, CBS and Fox for the upcoming TV season and — for the first time in years — paid less for the airtime they did purchase.

Futures jumped Friday after the latest employment numbers showed signs of a stablizing job market.

Stocks fell for a second straight session Thursday as tech stocks dragged after Cisco's tepid outlook and investors remained jittery ahead of tomorrow's jobs report.