Julia Boorstin joined CNBC in May 2006 as a general assignment reporter. Later that year, she became CNBC's media and entertainment reporter working from CNBC's Los Angeles Bureau. Boorstin covers media with a special focus on the intersection of media and technology. In addition, she reported a documentary on the future of television for the network, "Stay Tuned…The Future of TV."
Boorstin joined CNBC from Fortune magazine where she was a business writer and reporter since 2000, covering a wide range of stories on everything from media companies to retail to business trends. During that time, she was also a contributor to "Street Life," a live market wrap-up segment on CNN Headline News.
In 2003, 2004 and 2006, The Journalist and Financial Reporting newsletter named Boorstin to the "TJFR 30 under 30" list of the most promising business journalists under 30 years old. She has also worked for the State Department's delegation to the Organisation for Economic Co-operation and Development (OECD) and for Vice President Gore's domestic policy office.
She graduated with honors from Princeton University with a B.A. in history. She was also an editor of The Daily Princetonian.
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CBS reported a 1.1% increase in second-quarter net income and .6 percent growth in revenue over the year ago quarter. But the stock traded down on the news, Wall Street focused on CBS' outlook, which is increasingly negative, revealing greater weakness in advertising markets.
The company's media networks division grew 8 percent with its cable networks driving the company's growth. ESPN's profit grew nine percent, and revenue up more than 10 percent, as the company brings in higher revenue and higher cable affiliate payments.
Viacom's second quarter results beat Wall Street estimates-- coming in at 64 cents per share (for earnings from continuing operations) on revenue of $3.86 billion, compared to Thomson's projected earnings of 58 cents a share on $3.55 billion in revenue.
The big question: in this economic environment can cable ad sales hold up? Pressure is on: In May, Viacom CEO Philippe Dauman lowered the company's second quarter cable ad growth forecast to between three and four percent from its previous projection of seven percent
Verizon Communications announced better than expected second quarter earnings before the bell. Earnings rose 12 percent, driven by its wireless business, as the company gains marketshare, adds net new subscribers and improves turnover rates.
Thursday Clear Channel Communications shareholders voted to approve the company's sale to a group of private equity investors, led by Bain Capital and Thomas H. Lee Partners. Friday the company said a quick tally of votes indicated that 97 percent of the shares voted were in favor of the transaction.
Today I'm blogging from ComiCon, the 39th annual comic book convention; it's sold out and tickets are being scalped online for over 400 dollars. This year 125,000 fans are expected to hit the San Diego Convention Center for four days of fanboy heaven.
"The Interview" marked one of the first major experiments for digital distribution, and pirated copies appeared immediately.
Lizard Squad, a hacker group, claimed responsibility for Thursday's connection problems to the PS and XBox networks.
Many midnight showings of "The Interview" sold out in independent movie theaters, in a show of support for freedom of speech.
PlayStation and Xbox were partially inaccessible to users, as frustrated gift recipients discovered they were unable to connect.
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