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Univision Shares Soar on Speculation Company May Sell

Shares in Spanish-language broadcaster Univision Communications surged nearly 11 percent in heavy trading Wednesday afternoon as the market responded to rumors that the company is considering its strategic options, including a possible sale.News of a possible sale was first reported…

Ex-Gemstar Exec Will Pay $1.3 Million to Settle SEC Charges

An accounting scandal at Gemstar-TV Guide International moved another step toward the history books after the company’s former chief financial officer agreed Tuesday to pay $1.3 million to settle civil charges with the Securities and Exchange Commission.Elsie Leung, who had…

Michaels Departs ESPN/ABC Sports Bench

After broadcasting last Sunday’s Super Bowl, Al Michaels is out at ESPN/ABC Sports and was replaced Wednesday as an announcer for both “Monday Night Football” and NBA broadcasts. Mr. Michaels reportedly has been reconsidering joining “MNF” partner John Madden, who…

DirecTV Reports Q4 Profit

Satellite operator DirecTV Group said Wednesday that it swung to a fourth-quarter profit, even as subscriber growth fell short of its own projections.The company reported a quarterly profit of $121 million, compared with a year-earlier loss of $289 million. Revenue…

Nielsen, Comcast to Test Nielsen VOD Measurement System

Nielsen Entertainment and Comcast said Wednesday they have agreed to conduct a trial of Nielsen’s On Demand service, which measures and reports aggregate, anonymous video-on-demand usage data. The companies expect the test to begin in the first quarter. Ad buyers…

Gospel Music Channel to Sponsor Franklin, Crowns Tours

Gospel Music Channel will sponsor the 2006 concert tours of Kirk Franklin and Casting Crowns, the two top-selling acts in gospel music, the network said Wednesday. Kirk Franklin’s tour will stop in more than 40 markets in 23 states beginning…

CBS Leads Field in Daytime Emmy Nods

The big leader in Daytime Emmy nominations announced Wednesday morning is CBS, with a total of 59, 44 of them coming from the network’s “The Young and the Restless” (18), “Guiding Light” (14), and “As the World Turns” (12). Topping…

Sinclair Reports Restructuring Contributed to Q4 Loss

Sinclair Broadcast Group said Wednesday that it swung to a fourth-quarter loss of $700,000, compared with a year-earlier profit of $15.1 million, due in part to charges related to a corporate restructuring performed in the quarter.Revenue for the quarter fell…

MTV Networks Makes Exec Changes to TV, Digital Management

MTV Networks on Wednesday announced management shifts that put new executives in charge of Nickelodeon’s television and digital businesses.Cyma Zarghami, recently named head of MTVN Kids and Family Group, tapped Tom Ascheim as executive VP and general manager of Nickelodeon…

‘Grey’s Anatomy’ Post-Super Bowl Episode Gets Thursday Encore

The post-Super Bowl episode of medical drama “Grey’s Anatomy” will be repeated Thursday, Feb. 9, at 9:30 p.m. (ET), pre-empting an episode of the midseason comedy “Crumbs” and shortening ABC News’ 10 p.m. newsmagazine “Primetime” by a half-hour.On its Feb….