ABC News is looking to eliminate up to 400 positions by offering buyouts across the news division. The number of people who opt for the "voluntary separation package" will determine whether the company does layoffs and how many people get the axe.
After Wal-Mart tried and failed to take on Netflix with a streaming video rental system it launched three years ago with HP. Now, its acquisition of Vudu aims to take that competition to the next level.
Thirty years ago, the United States beat Russia in an Olympic hockey game now dubbed “The Miracle on Ice.” We spoke to Howard Schwartz of Grandstand Sports, who has exclusive rights to “Miracle” memorabilia.
Cantor Exchange, a division of Cantor Fitzgerald, is on track to get approval from the Commodity Futures Trading Commission for a futures exchange for domestic box office receipts.
If Apple cut the price of each TV episode in half - to 99 cents, from $1.99 - would sales on iTunes increase enough to offset the price drop? Experiments are under way to find out, and the head of the nation’s No. 1 television network, CBS, indicated last week that some shows, at least, would be priced under a dollar in the future.
It's going to be a whole lot easier for Facebook's 400 million users to spend money and it'll become remarkably simple for anyone to buy ads on the world's largest social network.
Disney CEO Bob Iger made it clear after the company's earnings report last week that the company is interested in selling its Miramax division.
How well do you know the time when Bob Dylan went electric, LSD went mainstream and "Laugh-In" made sense of it all? Take our 1960s Boomer culture quiz and find out.
CBS is more reliant on ads than any of the other media giants: the good news is that its results show a gradual ongoing recovery in the ad market.
The California economy has been suffering with devastatingly high unemployment and foreclosure rates, and a massive budget crisis. Finally, some good news.
Lions Gate stock got a boost on the news that Icahn is looking to grow his 18.9 percent control of the company to 29.9 percent, offering $6 per share for 13 million shares, though as of now it hasn't hit that $6 mark.
After nearly six months of litigation Warner Bros. Home Entertainment Group and Redbox today struck a deal. Redbox, which rents DVDs for $1 a day from kiosks in big box retailers and pharmacies, was locked in a standoff with Warner Bros., which has the largest home entertainment marketshare of any of the studios. In this new deal Redbox agrees to a 28 day window after DVDs go on sale before it starts offering those films in its kiosks.
The star-studded romance "Valentine's Day" has wooed audiences with a $52.4 million opening weekend.
Online dating isn't just about making love connections, it's about making lots and lots of money.
Major events like the Olympics and Oscars offer a rare opportunity for marketers in this changing media landscape.
Viacom Chairman Sumner Redstone is as confident as ever that "content remains and will always remain king." On the media giant's earnings call he and CEO Philippe Dauman optimistic about the value of content as well as the marketplace, and cautiously optimistic that advertising revenues would recover sequentially from throughout the year.
We like to think of ourselves as rational creatures. But if that’s true, why do we eat stuff we know isn’t good for us, fall for people who treat us badly and text while we drive?
Blockbuster games boosted Activision Blizzard despite a rough video game market. The game maker beat expectations thanks to strong sales of "Call of Duty" and "World of Warcraft."
Disney CEO Bob Iger had tons to say about the need to innovate when I spoke to him after the company's fiscal fourth quarter earnings. Under pressure from piracy and a mature DVD market Disney is throwing out the old rules and looking for new ways to grow revenue.
International growth helped Discovery Communications earnings grow 46 percent, in line with expectations, while revenue grew seven percent.
After reporting three straight quarters of lower year-over-year sales, Apple says it is returning to growth.
Emergency crews say four adults were killed in Australia after a water ride malfunctioned.
Authorities say the Thunder River Rapids ride "malfunctioned," throwing two of the people from the ride and trapping two inside.
AT&T's upcoming DirecTV Now online video service will cost $35 per month.
By buying Time Warner, AT&T might effectively subsidize the cost of a more robust streaming package, reports The Verge.
CNBC's Julia Boorstin reports the latest on AT&T's new DirecTV over-the-top streaming service. Dominic Chu weighs in.