Yes, Virginia, there is a Santa Claus. And judging by what's in theaters this holiday movie season, his name is George Clooney.

Among the earnings stories for Thursday, Nov. 5, from AP Financial News:

Scripps Networks Interactive Inc. is betting that food and travel are an ideal combination. The company behind the Food Network is snapping up a controlling stake in the Travel Channel, giving the cable network a value of nearly $1 billion.

Time Warner Cable Inc., the nation's second biggest cable TV operator, said Thursday its profit fell 11 percent in the third quarter, weighed down by heftier interest expenses after piling on debt to separate from its parent, Time Warner Inc.

By Robert MacMillan

By Robert MacMillan

Among the earnings stories for Wednesday, Nov. 4, from AP Financial News:

Media conglomerate Time Warner Inc. reported a 38 percent drop in third-quarter profit, hurt by declines at its AOL and publishing segments.

Media conglomerate Time Warner Inc. reported a 38 percent drop in third-quarter profit, hurt by declines at its AOL and publishing segments.

Time Warner posted lower quarterly profit, but results surpassed expectations, and the media powerhouse raised its full-year earnings forecast in a sign that advertising sales are showing life.

By Paul Thomasch

Cable network TNT says it has rescued the shot-down NBC cop drama "Southland" and will bring it back in the new year.

NEW YORK (Reuters) - Time Warner Inc <TWX.N> is set to take a restructuring charge of around $100 million for planned job cuts at its Time Inc publishing unit, according to people familiar with matter.

The publisher of People, Sports Illustrated and 20 other magazines plans to announce more layoffs next week as the advertising slump continues to weigh on the magazine industry, according to a person with knowledge of the plans.

Police in New Jersey are trying to determine who fired a bullet that struck CNN commentator Lou Dobbs' home as his wife stood nearby.