CEO Les Moonves boasted on CBS' earnings call that each consecutive quarter this year the company's results have improved and that the operating environment for the business continues to improve. Read More
S&P Futures dropped about 10 points as the October Unemployment rate hit 10.2 percent, the highest since April 1983. While this will be the headline in the papers, bear in mind that unemployment in the 1982 recession peaked at 10.8 percent at the end of 1982. Read More
Rumors are swirling that Oprah will give up her daytime syndicated talk show, to bring the show, and her full focus to OWN: The Oprah Winfrey Network, in mid-2011. Read More
Viacom and its Paramount studio, Lionsgate and MGM broke off from CBS' Showtime last spring when they couldn't strike new distribution deals, so they decided to launch their own premium movie channel. Read More
It's been a major media Monday -- Wall Street analysts have been upgrading media conglomerates left and right. The stocks have been benefiting, gaining more today than the major indices. Read More
Google is sure to shake up the digital book business with is new platform to sell e-Books. In classic Google-fashion it's becoming a "frenemy" — both a competitor and a new driver of revenue — for the likes of Amazon.com and BarnesandNoble.com. Read More
As we await the media giants’ third quarter earnings, some optimistic signs are emerging that the ad markets may be about to turn around. Double-digit declines in ad spending across the board has particularly slammed companies like CBS, which relies on ads for more than two thirds of its revenue, and dragged down the results at ABC and NBC. Read More