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.
Major League Baseball is announcing this morning that it has signed an exclusive trading card deal with Topps. In an article commenting on the deal, Michael Eisner, who acquired the company two years ago, told the New York Times that the exclusive deal would lead to "redirecting the entire category towards kids." Baseball's executive vice president for business Tim Brosnan also mentioned how important it was to get kids back into the game
The new head of the Bureau of Consumer Protection at the Federal Trade Commission, David C. Vladeck, says it is time for that to change. In an interview, Mr. Vladeck outlined plans that could upset the online advertising ecosystem.
If someone were to value Twitter for its sports application alone, yesterday was the single most damaging day for the brand.
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.
Standing room used to be a consolation prize given to the fan who thought he could get a walk-up seat and struck out. Today? Standing room only is apparently all the rage.
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.
It’s hard to sell a ticket these days, but it’s even harder to sell a Pirates ticket. It’s not only the record, but it’s also the amount of players they’ve traded away over the last two months.
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.
When promotions really go wrong, they’re often not tried again. But the Lake County Captains, the Single-A affiliate of the Cleveland Indians, managed to play a full game last night while offering five cent beers.
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?
When the New York Giants trotted out for practice today in Albany, they wore the Timex logo on their jerseys for the first time, part of watch brand’s sponsorship with the team.
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.
My favorite annual report is out from the Sporting Goods Manufacturers Association. The report details participation trends in sports and provides insight into what sports are growing and what sports are hurting. I've gone through it to give you the most interesting numbers.
For all the concern and uproar over online privacy, marketers and data companies have always known much more about consumers’ offline lives, like income, credit score, home ownership, even what car they drive and whether they have a hunting license. Recently, some of these companies have started connecting this mountain of information to consumers’ browsers.
This morning, Arizona Diamondbacks president and CEO Derrick Hall came on CNBC to talk about how the team, in a market with the lowest per capita income of any MLB city, is dealing with the downturn. Hall also talked about being the first team to put out season ticket renewals for next year. We finished with asking him about the report of more names -- David Ortiz and Manny Ramirez -- of the 2003 doping list becoming public.
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.