The storm clouds brewing over Rupert Murdoch's UK media empire are set to move closer, with the arrest of up to five employees expected within days, sources familiar with the situation told CNBC.com Thursday.
Hulu is on track to “approach half a billion in 2011 revenue” this year as the number of paying subscribers increases. Hulu, the Q2 leader in U.S. online video advertising, has seen a 67% growth in content hours since its launch in November.
See what's happening, who's talking and what will be making headlines on Thursday's Squawk on the Street.
The uptick in media stocks is partly due to the reallocation of excess cash back to shareholders and what Netflix has meant for the industry, David Bank, managing director of Global Media and Internet Research at RBC Capital Markets, told CNBC Thursday.
On day one, the jets landed, and the moguls descended upon the tiny resort town of Sun Valley for Allen & Company’s annual boondoggle.
Who is the most popular person on Google+, the company’s new social networking service? the New York Times reports. That title is currently held by Mark Zuckerberg, the founder and chief executive of Facebook — the very service that Google+ was meant to challenge.
See what's happening, who's talking and what will be making headlines on Wednesday's Squawk on the Street.
There’s a high-tech shipping alternative that is offering a unique new way to move your stuff across the country as more than 20 million Americans prepare to move this summer. Business is booming for an Austin, Texas based company called uShip, an online shipping marketplace that connects people needing goods moved with transporters who have extra room in their trucks.
Microsoft has a 1.6% stake in Facebook, with CNBC's Jon Fortt.
Investors got just the news to confirm hopes that Netflix is on track for the kind of growth to justify its stock price. After expanding to Canada, the company will launch its online streaming service in 43 countries in South and Central America along with the Caribbean later this year.
Twitter has given people something to tweet about with recent reports that they are privately raising millions in a new financing round to increase the companies’ value to $7 billion dollars, the Journal reported.
This weekend, we celebrated America: Its rolling hills, its stars and stripes, and the entrepreneurial spirit that makes it tick.
The media moguls and tech titans have boarded their private jets and are heading to Sun Valley, Idaho, where the annual Allen & Co conference kicks off today. With media & tech takeovers on the upswing — up dramatically over last year — everyone's wondering which deal will be this year's Comcast-NBC Universal merger, a deal which started in conversations at the gathering two years ago.
Late last month, LulzSec announced that it was disbanding, and that its members would continue their activities under other banners. But the F.B.I. and other agencies are continuing their pursuit, the New York Times reports.
See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.
Despite the fact that the Los Angeles Times reported today that "Google is in preliminary talks to buy online video pioneer Hulu," a number of sources very close to the negotiations tell me that all talks are "very preliminary" and it is "impossible to characterize anyone as being in the lead."
After appearing on "The Strategy Session" on Thursday, Leon Cooperman, billionaire chairman and CEO of Omega Advisors, continued the discussion off-air with David Faber about the stocks he's bullish on even in the shaky economy.
Cramer makes the call on viewers' favorite stocks.
Specific Media is a successful ad platform—why on earth would it want to get involved in the money-losing sinkhole that is MySpace? That's exactly the question I asked SpecificMedia's CEO Tim Vanderhook on CNBC today.
See what's happening, who's talking and what will be making headlines on Friday's Squawk on the Street.