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Media giant Time Warner posted first-quarter net income of $1.5 billion Wednesday, up 59 percent from a year ago, as strength at the company’s cable and television networks businesses compensated for weakness at AOL and the film and publishing units.Combined…
Time Warner Chairman and CEO Richard Parsons confirmed Wednesday that his company is working with John Malone’s Liberty Media to ink a deal that would give Time Warner full control of cable network Court TV.“We are in discussions with Liberty…
Nexstar Broadcasting Group posted a narrowed first-quarter loss of $7.3 million, buoyed by an increase in political advertising revenue and higher payments from cable companies carrying Nexstar’s broadcast signals.Both factors helped drive up revenue 12 percent in the quarter to…
Sinclair Broadcast Group reported first-quarter net income of $11.2 million, up 27 percent from a year ago, as an increase in local advertising revenue offset decline in national advertising revenue due to the Winter Olympics.Because only one of Sinclair’s 58…
It’s another week, another win for Fox in the adults 18 to 49 demographic with help from its top-rated “American Idol.”For the week ended April 30, the top two airings in both adults 18 to 49 and total viewers were…
Sen. Ted Stevens, R-Alaska, on Monday introduced legislation that would make it easier for phone companies to roll out pay-TV services-and would ensure that the phone companies have access to cable’s regional sports networks.Sen. Stevens’ measure-like legislation that was recently…
The CW’s distribution commitments have surpassed 90 percent of the TV homes in the country, including all of the top 40 markets, with the announcement Tuesday that eight stations in the Sinclair Broadcast Group have signed affiliation agreements with the…
Paul Allen’s Charter Communications reported a wider first-quarter loss of $459 million Tuesday, as the cable company’s efforts to attract and retain subscribers caused a spike in expenses.Though marketing efforts helped Charter add 29,700 basic-cable subscribers in the period, and…
Bravo said Tuesday it has renewed “Top Chef” for a second season.The network also said that it is expanding season one of “Top Chef” by adding a reunion special and a two-week finale. The reunion show will air May 10,…
NBC Universal Sports said Tuesday that it has added former Green Bay Packer Sterling Sharpe to the broadcast lineup for its “Football Night in America” studio show, which will debut in the fall. Mr. Sharpe, who has done TV work…