Media Money

Getty Images

Investors who snapped up Groupon shares on Friday certainly snagged a deal. After reporting earnings after the bell Monday, the online deals service's shares climbed, gaining some 33 percent since Friday’s close.

The after-hours action extended today’s rally—Groupon's stock soared 18 percent as 14.7 million shares traded hands—the heaviest trading of the stock since its IPO on November 4. Investors were betting on growth, and that’s exactly what Groupon’s earnings revealed.

 » Read More

Today Facebook brings its roadshow to the Crowne Plaza in Palo Alto, Calif., just a stone's throw from where Facebook was founded. This may not be the biggest event on the roadshow —  New York was with about 660 people attending — but it's a crucial moment for Facebook to be evaluated on its home turf.  » Read More

All of Rupert Murdoch’s scandals and legal woes aren’t hurting the company’s performance.

Mark Lennihan / AP News Corp.'s headquarters in New York.

The media giant’s adjusted earnings came in at 37 cents per share, up from 26 cents a year ago, and beating expectations of 31 cents per share, on 2 percent higher revenue than last year of $8.4 billion.

Perhaps an even bigger factor driving the stock higher in after-hours trading: the company announced it is increasing its share repurchase authorization by $5 billion to $10 billion. (Track NWS after-hours here.)

Rupert Murdoch wasn’t on the conference call — instead Chief Operating Officer Chase Carey took the lead. Carey couldn’t ignore the legal issues, saying “we take these issues very seriously” and “the board and I rebuff any notion that [Murdoch] is unfit to run the company.  » Read More

Jordan Strauss | WireImage | Getty Images Disney CEO Bob Iger

On the heels of a record-breaking weekend for "The Avengers," Disney reported better-than-expected fiscal second quarter results. Earnings grew 18 percent over the year-ago quarter, to 58 cents, 3 percent more than Wall Street expected, and revenue grew 6 percent to $9.629 billion.

"The Avengers" wasn't included in the quarter, but CEO Bob Iger made some news about the hit movie, saying that a sequel is in the works.

That's in addition to "Iron Man 3" due out in May 2013, "Thor 2" in November 2013, and "Captain America 2" in April 2014. Iger pointed out that this hit franchise has positive impact beyond the studio: it's already lifting Disney's

DIS loading...

Quote  |  Chart  |  News  |  Profile

[DIS  Loading...      ()   ] consumer products division. Iger says based on early figures demand for "Avengers" merchandise has been "very strong" — they can't make the products fast enough.

 » Read More

Getty Images

The television industry is at the brink of extraordinary change—the line between traditional “TV” and the Internet is disappearing. Just Monday, LG Electronics announced it’ll ship Internet-connected TVs enabled with Google TV’s navigation system. Both Google

GOOG loading...

Quote  |  Chart  |  News  |  Profile

[GOOG  Loading...      ()   ] and Microsoft

MSFT loading...

Quote  |  Chart  |  News  |  Profile

[MSFT  Loading...      ()   ], with its Xbox 360 console, want to be the entertainment hub in your living room—the way that consumers navigate all the content online and on TV, and choose what to watch.

I’ve had the pleasure of reporting a documentary special for CNBC—“Stay Tuned: The Future of TV” — which premieres at 9pm ET and 9pm PT tonight. Check out all our web extras and info about the special here.

 » Read More

Source: Marvel.com

Expectations were high for Marvel’s

DIS loading...

Quote  |  Chart  |  News  |  Profile

[DIS  Loading...      ()   ] 'The Avengers,' and the film beat even the most optimistic predictions and shattered records, kicking off the summer movie season to a MASSIVE start.

'Avengers' opened with $200.3 million at the US box office, the biggest opening weekend ever, beating record-holder 'Harry Potter and the Deathly Hallows: Part 2', which drew $169.2 million its opening last weekend.

Disney

DIS loading...

Quote  |  Chart  |  News  |  Profile

[DIS  Loading...      ()   ] needed a hit — and it got one: the film is on track to top $1 billion dollars at the worldwide box office. And this weekend's massive US numbers built on an already record-breaking run overseas, where it opened a week earlier.

 » Read More

Source: Marvel.com

Thor, The Hulk, Captain America, Black Widow, Iron Man and Hawkeye are teaming up to take the box office by storm. Marvel’s

DIS loading...

Quote  |  Chart  |  News  |  Profile

[DIS  Loading...      ()   ] ‘The Avengers’ officially kicks off the summer box office, and it’s on track to be one of the biggest movies of the year, and one of the top five opening weekends of all time.

We expect somewhere between $145 million and $170 million at the U.S. box office this weekend.

It’s already off to a strong international start: the movie, which started to his theaters overseas last weekend has already grossed $280 million internationally and it hasn’t net opened in major markets like Japan, China, and Russia.

It could very well gross more than $500 million globally by Sunday night.

 » Read More

Tony Avelar | Bloomberg | Getty Images

It’s official, Facebook plans to price its shares on Thursday May 17 and to start trading on Friday May 18.

The company filed for a pricing range of $28 to $35, and will issue 337.4 million shares. At the midpoint of the range the company would raise $10.6 billion, and would be valued at $86 billion.

That’s less than the $100 billion that was rumored, which could be in part because the company recently reported that its first quarter net income dropped 12 percent from the year earlier on higher expenses.  » Read More

In a report just released SecondMarket reported that it continued to grow its trading volume in the last quarter it had access to Facebook shares.

The company that trades private company shares completed $165 million in trades in the first quarter, up from $115 million a year earlier, and up from $127 million in the fourth quarter of 2011.

Though Facebook was in high demand before SecondMarket stopped trading its shares at the end of March, it didn’t dominate Facebook’s trades. In fact, for the first time software company shares were the majority of transactions, surpassing consumer web and social media shares for the first time.

 » Read More

Getty Images

Time Warner just wrapped up its earnings call, and CEO Jeff Bewkes declared that high ratings, especially at the Turner Networks, means that he plans to drive a hard bargain for advertising and affiliate rates.

Bewkes says that the company is “in a great position as we head into the upfront” and has “great confidence as we enter our next cycle of affiliate negotiations at Turner.” Time Warner

TWX loading...

Quote  |  Chart  |  News  |  Profile

[TWX  Loading...      ()   ] reaffirmed its full-year outlook, saying adjusted net income will grow by a low double-digit percentage.  » Read More