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  • Chase Carey, Deputy Chairman and Chief Operating Officer of News Corporation.

    Last August, as News Corporation scrambled to contain a phone-hacking scandal at its British newspaper unit, Chase Carey, the company’s president and chief operating officer, proposed an idea to his boss, Rupert Murdoch: buy back $5 billion worth of stock, the New York Times reports.

  • Mitt Romney

    With a fortune estimated to be as large as a quarter of a billion dollars, Mitt Romney is among the wealthiest men ever to run for president, the New York Times reports.

  • The Wikipedia website has shut down its English language service for 24 hours in protest over the US anti-piracy laws.

    There’s been a ton of attention today to the massive to the anti-piracy Stop Online Piracy Act  - But few have explained why EVERY SINGLE media giant supports the bill and why they’re desperate to fight piracy.

  • The Wikipedia website has shut down its English language service for 24 hours in protest over the US anti-piracy laws.

    In a lighthearted send-up of the SOPA and PIPA protests, self-described "internet scientist" Forest Gibson, aka LaughPong, has produced a new version of Don McLean's "American Pie" called "The Day the LOLcats Died".

  • The Wikipedia website has shut down its English language service for 24 hours in protest over the US anti-piracy laws.

    The battle over Internet piracy bills, soon to be voted on in Congress,  has reached a fever pitch, drawing a web-wide protest, and fierce opposition from the tech industry, among others involved in online  business, the New York Times reports.

  • Celebrities are making the rounds again this year at the Consumer Electronics Show in Las Vegas.The tech show has reeled in a star-studded lineup, and the stars are drawing attention.Whether they are endorsing a product or service, revealing their own branded product line or just there to draw crowds to some of the latest innovations, celebrities are everywhere at CES 2012.

    Celebrities are making the rounds again this year at the Consumer Electronics Show in Las Vegas. The tech show has reeled in a star-studded lineup, and the stars are drawing attention.

  • When a company pays for its product to be featured in a movie or a television show to increase brand awareness, it’s called product placement. This form of advertising has been around almost as long as movies and television shows themselves, and has long been a secondary source of income for networks and content producers. When factoring in commercial-skipping technology like DVR and on-demand programming, product placement becomes even more attractive for advertisers.However, this type of brand

    Nielsen has compiled the top programs with product placement, and the following is a list ranked by number of product placement occurrences in 2011.

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    Disney and Comcast have struck a comprehensive, 10-year distribution deal, covering 70 Disney networks and services including ESPN and ABC.

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    While 2011 has been a tough year for hedge fund investors, with a new trading year just a few sessions away, investors are looking for a new set of investment ideas for 2012. TheStreet.com analyzes stocks that hedge funds are buying right now.

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    Ironically, if Fox cancels one of its biggest hits, shares of News Corp could surge. Here's why.

  • Piers Morgan

    CNN star interviewer Piers Morgan is answering questions about his time at the top of Britain's tabloid industry.

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    NBC is paying $950 million a year to extend its rights to Sunday Night Football through the 2022 season. But NBC Sports Group Chairman Mark Lazarus told “CNBC SportsBiz” that he’s confident the entire NBC Universal family will make a profit off the investment.

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    NBC Universal will launch new English-language latino news site in 2012, using resources from subsidiary Telemundo to better compete with Spanish-language giant Univision.

  • James Murdoch speaking in front of Parliament

    Rupert Murdoch’s son James received and responded to e-mail messages in 2008 that referred to “a nightmare scenario” of legal repercussions from widespread phone hacking at the tabloid The News of the World, the NYT reports.

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    As more readers switch to e-books, publishers are releasing print books with design elements emphasizing the physical beauty of the old-fashioned hard copy, the New York Times reports.

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    Shoppers may be snapping up Harry Potter box sets for stocking stuffers, but that's not enough to stop the dizzying decline in DVD sales.

  • Disney and YouTube

    Consumers just got yet another option for entertaining their kids with Disney movies. Disney just agreed to rent its movies on YouTube -- it will offer hundreds of films from Disney, Pixar, and DreamWorks Studios on YouTube starting today for between $1.99 and $3.99. The studio controls pricing and will receive the majority of revenue.

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    The "November Sweeps" period -- when ratings set local affiliates ad rates -- ends Wednesday. But this year the buzz on Madison Avenue is about how little sweeps matter. Yes, local affiliates still certainly matter -- they account for north of $20 billion in advertising revenue, with just under $10 billion of that based on sweeps, according to Horizon Media's Brad Adgate. But, with the growth of cable, not to mention the impact of DVRs, logging real-time viewing in a Nielsen diary seems antiquated.

  • Cinderella's Castle

    Walt Disney topped analysts' expectations for its quarterly profit and revenue on Thursday as advertising held strong at its ESPN sports channel and other media networks, sending shares higher after the closing bell.

  • James Murdoch, son of Rupert Murdoch and Chairman and Chief Executive of News Corporation, Europe and Asia.

    James Murdoch may have embarrassing questions to answer when he returns to Westminster on Thursday to testify before a parliamentary committee investigating the phone hacking scandal that has engulfed the News Corporation, the New York Times reports.Documents released since his first round of testimony in July have cast doubt on his version of events, while fresh revelations have spilled out about his company’s questionable practices. the New York Times reports.