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Soft advertising sales at ABC and ESPN and decreased consumer spending at Disney World sent profit at Walt Disney Co., the world’s largest media company, tumbling 26 percent for its fiscal third quarter, the New York Times reports. Over all,…
Sony reported a 37.1 billion yen first-quarter net loss on Thursday, and maintained its forecast for a second year of losses owing to the global economic slump, the New York Times reports. The loss, which is the equivalent of $388 million, increases…
Federal Communications Commission Chairman Julius Genachowski tells Broadcasting & Cable that he still sees a need for broadcast content regulation. Genachowski said that, with millions still relying on over-the-air TV, "the core justifications for commission action in this area are…
Almost one-fifth of Internet users watch video online almost every day, women are catching up to men in terms of online video usage and more and more recession-conscious Americans are using the Web as a cable TV substitute, Mediaweek reports. Citing a report issued Wednesday…
A U.S. judge on Thursday denied a bid by Fox News Network seeking details from the Board of Governors of the Federal Reserve about the central bank’s loans to companies affected by the financial crisis, Reuters reports. Reuters said that…
The driver charged with killing "American Idol" contestant Alexis Cohen in a hit-and-run last weekend plans to defend the case in part by questioning Cohen’s sobriety at the time she was struck, TMZ reports. The attorney for 24-year-old Daniel Bark…
A Beverly Hills plastic surgeon has become at least the third physician whose records have been searched by authorities investigating the death of Michael Jackson, People reports. Assistant Chief Coroner Ed Winter, who was seen entering the clinic of Dr….
TLC President and GM Eileen O’Neill described her first year at the helm of the cable network home of the controversial reality hit "Jon & Kate Plus 8" as "heaven and hell," the Los Angeles Times reports. While enjoying a…
The new season of TLC’s “Jon & Kate Plus 8” will feature single parenting but not dating, RadarOnline.com reports. The showed has resumed taping for an Aug. 3 return after enjoying record ratings last season. In the TLC show’s new…