News Corp. took an $8.4 billion charage against second quarter earnings, TelevisionWeek reports. The only bright spot Rupert Murdoch’s empire was in cable, where the Big Ten Network posted a profit and Fox News Channel posted large profit margins. The…
Sumner Redstone is making progress in negotiations to refinance $1.6 billion in debt at his National Amusements Inc. holding company, Bloomberg News reports, citing two people with knowledge of the talks. Redstone was forced to sell Viacom and CBS Corp….
The television networks are increasingly looking to their own studios for new series, a trend that appears to coincide with the latest wave of network and studio consolidation, the Hollywood Reporter says. Some industry executives view the change as part…
The pilot of “Caprica,” the “Battlestar Galatica” prequel which shows the origins of the Cylons, will be coming out direct on DVD on April 21, even though the show isn’t slated to air until 2010, io9.com reports. One of the…
The fast growth of Internet video is cutting into DVD sales and may be starting to detach younger viewers from cable TV, the Wall Street Journal reports. “We are starting to see the beginnings of cord cutting where people, particularly…
“Burn Notice” star Jeffrey Donovan has more than doubled his pay after renegotiating with the series’ producer, Fox TV Studios, the Hollywood Reporter says. With the new agreement, the star of the USA Network series will receive between $125,000-$150,000 an…
CBS’ “Early Show” plans to spend Monday morning with Chesley Sullenberger, the hero pilot who safely landed his passenger plan on the Husdon River,” the Associated Press says. Sullenberger will also appear on “Good Morning America” but after having his…
General Electric CEO Jeff Immelt ducked a question at a Wall Street Journal breakfast event about whether the structure of the company makes sense and if NBC Universal CEO Jeff Zucker wouldn’t wish to run his own company, the Hollywood…
Jerry Springer said he won’t return as host of the NBC talent contest “America’s Got Talent” this summer, the Associated Press reports. Springer said in a statement Thursday that he isn’t returning because of other commitments, including his syndicated talk…
In Boston, some TV stations are cutting back on their coverage of Red Sox spring training, the Boston Herald reports. WHDH-TV isn’t sending a sports reporter or anchor to Florida for the first time in station history, the paper says….