Disruptive technology and changing viewing habits shift assessment of cable and satellite TV. Financial Times reports.» Read More
John Hughes, who passed away Thursday of a heart attack, brought Hollywood some of the most iconic and memorable movies of the 1980's.
The blogosphere is abuzz with complaints that Twitter service has been down for the past few hours, yet another indication of how addictive the fast-growing service is. What's wrong? No, not a service outage. Not even a "Fail Whale"
News Corp suffered from the economic downturn as expected, with revenue dropping to $7.67 billion. But what really hurt NewsCorp's quarter was $680 million in impairment and operating charges, mostly at MySpace's division, Fox Interactive Media.
Discovery Communications this morning reported that its earnings from continuing operations doubled from the year-ago quarter to 32 cents a share. Including a net tax gain of $46 million from selling half of Discovery Kids, earnings per share quadrupled.
Business has always been based on relationships. But now so many of those inter-personal interactions - cocktail parties, conferences, even hiring company meetings - can be replaced, or at least augmented, by virtual services. Trade all that handshaking for the click of a mouse and your network can expand beyond your backyard to the entire world.
Twitter's popularity is exploding; there are no official stats, but it has in the ballpark of 35 million users. So how can all this attention can be turned into profits? As of now the company has zero revenue.
Facebook isn't just a tool for college students to socialize. Now every demographic uses the website, making the service a key way for companies to reach consumers. What better way to target ads than with the information you give about yourself on your profile?
Social media - networks like Facebook and LinkedIn and communication services like Twitter- are more popular every day. But the next big thing in the social space is unlikely to be yet another network or gadget; instead it'll be developments that make the entire web social.
Universal Studios is hoping that its latest Judd Apatow comedy, "Funny People" will rule the box office this weekend.
The Washington Post Company reported that its quarterly earnings swung to a profit from a loss a year ago, but don't take that as an indication that newspapers are rebounding. The print journalism business is still suffering from the industry-wide downturn in advertising. It's also falling prey to a shift of newspaper readers from the paper to online, where they yield much less advertising revenue and for the most part, no subscription revenue.
Cost cutting and strong brands helped Disney moderate the effects of the downturn and beat analyst expectations. The weak ad market and slower consumer spending on everything from theme park extras to DVDs took their toll.
Walt Disney reported lower quarterly earnings that topped analysts' forecasts, but the company's shares declined in extended trading as its revenue missed predictions.
Disney reports its fiscal third quarter earnings after the bell today, and the economy downturn is likely to be felt across all its divisions. The weak ad markets will surely take their toll on ABC and the ad-supported cable networks, even ESPN.
Stocks finished lower Wednesday despite a late comeback attempt as the weight of disappointing economic news and a weak Treasury auction dragged down major indexes.
It's been a year in the making, and now finally Yahoo and Microsoft are teaming up to take on Google's dominance in search. Alone neither Yahoo nor Microsoft had a chance against Google, but the tech and web giants 10 year search ad deal gives them a real opportunity to compete.
Time Warner is moving towards a new streamlined, content-focused model, and though it's suffering from the ad downturn, that core content business is thriving.
Stocks declined Wednesday as weak demand for today's Treasury auction and a sharp drop in oil prices dragged on the market. A disappointing durable-goods report didn't help either.
Stocks declined Wednesday after a report showed a much sharper drop in durable-goods orders than expected. Plus, a sharp selloff in China dragged on oil prices, which also weighed on the market.
DreamWorks Animation has the benefit of not being exposed to the weak ad market - but now the weak ad market is actually going to help the film studio cut costs and grow margins.
Futures tumbled Wednesday after a report showed a much sharper drop in durable-goods orders than expected. Plus, a sharp selloff in China dragged on oil prices, which also weighed on the market.
Apple's first original show, "Vital Signs," will star rapper and Beats Electronics co-founder Dr. Dre.
Nomura tech analyst Anthony DiClemente explains why Netflix still maintains its real leverage on global media.
Disruptive technology and changing viewing habits shift assessment of cable and satellite TV. Financial Times reports.
NEW YORK— New York City police say a Brooklyn man caught on camera waving what appeared to be a handgun behind a television reporter during a live broadcast has been arrested. Police say Khanukov waved the weapon-like object while standing behind a WNBC-TV reporter during a live broadcast in front of Brooklyn Supreme Court. It happened Wednesday afternoon as...
Discussing pressure on media stocks Viacom and Disney, and whether to bet on each company's pipeline, with Tuna Amobi, S&P Capital senior equity analyst.
Brian Wieser, Pivotal Research Group, weighs in on Disney's earnings and shares his thoughts on the outlook for the company.