Early this morning, Major League Baseball and Frank McCourt issued a joint statement saying that they agreed to recommend to the bankruptcy court to hold an auction for the sale of the Dodgers. When prospective owners are bandied about, Dallas Mavericks owner Mark Cuban comes up first, because he's a fan's owner and he has the cash. But Cuban told the LA Times yesterday that he wouldn't be interested in the team if the price was over $1 billion. Who else gets in? I think Fox, which sold the team, stadium and parking lots to McCourt for $421 million in 2004, could -- and might have to -- throw its name in the hat again.
We're headed into a slew of earnings this week from media giants—on both the content and distribution side. Whether we're talking about content creators like News Corp and Time Warner or kings of distribution like Comcast and Time Warner Cable, there are a couple key themes that will impact the whole industry. Here's what to watch as earnings reports roll out this week and next.
Rupert Murdoch has another headache on his hands- new allegations of hacking on top of shareholders advocating for his ousting. Murdoch kicked off the meeting with glowing comments about the state of the company, saying that the company's "in good shape to prosper." But it seems company hasn't yet put the hacking scandal behind it.
Earlier this week, Sports Business Journal broke the story that the NFL was starting a venture capital fund, with the owners willing to put in at least $32 million to invest in businesses. I knew I needed to comment on this, but, to be honest, I didn't think I was the most qualified. For that, I went to Dan Shanoff of Quickish, a media company focused on short-form, real-time news curation and discovery.
This is a live blog of CNBC's "Speaker's Corner" hosted in New York City where the group, Occupy Wall Street has set up camp.
Yahoo! shares enjoyed a small gain today on Alibaba’s “interest” in Yahoo. The stock has been on a steady decline, down nearly 20% year-to-date. Yahoo’s board is currently searching for a new CEO after firing Carol Bartz.