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Viacom’s first-quarter net earnings fell 34% amid the recession and the soft advertising market. Earnings were $177 million, or 28 cents per share. Revenues fell 7% to $2.9 billion compared with the year-ago quarter. For TVWeek’s comprehensive coverage of how…
Viacom CEO Philippe Dauman says he is seeing optimistic signs about the ad environment. Viacom on Thursday reported a 34% decline in earnings in part because of a 9% drop in advertising revenues at its domestic cable networks including MTV….
Comcast said its net income rose 6% for the first quarter, reflecting additional high-speed Internet and telephone customers. That growth offset a 2% drop in video customers. Net earnings were $772 million, or 27 cents a share, compared to $732…
Discovery Communications said it is forming a children’s programming joint venture with Hasbro. The joint venture will include a cable network and a Web site. It also will include the assets of what is now Discovery Kids Network in the…
Federal Communications Commission Chairman Michael Copps requested $1 million from U.S. Congress to account for digital television expenditures for the year ending October 2011, Multichannel News reports. Copps, who has asked for a cumulative total of about $355 million, said…
Advertising firm Publicis Groupe said its first-quarter sales increased 1.3% while its organic sales decline of 4.4% was narrower than rivals Omnicom Group and Interpublic Group, Adweek says. Publicis offset some of the loss from auto industry advertising declines with…
President Barack Obama’s speech tonight commemorating his first 100 days in office will cost the television networks airing the event commercial-free at least $20 million in lost advertising revenue, Broadcasting & Cable reports. The networks will incur additional costs in…
Fox Sports Detroit and the Comcast Spotlight advertising service reached an agreement to sell local advertising to satellite customers, Multichannel News reports. Fox Sports Detroit will be available in 95% of Detroit households once the channel is added on Dish…
Canada-based cartoon producer Cookie Jar Entertainment has hired ex-Paramount Television and Columbia TriStar head Tom Mazza to help land its shows on U.S. television and in syndication, the Hollywood Reporter says. Mazza, who at Columbia headed development of such shows…
In the wake of the William Morris Agency’s merger with Endeavor, much of WMA’s reality television department, including Mark Itkin, is leaving to join Creative Artists Agency, Web site DeadlineHollywoodDaily.com reports, citing people familiar with the process that it didn’t…