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The New York Times Co. reported a 41 percent decline in fourth-quarter profit to $64.8 million, as the media company was hurt by higher newspaper operating costs and expenses associated with job cuts during the period.Revenue was up 3 percent…
Meredith Corp. on Tuesday reported a 5 percent increase in fiscal second-quarter profit of nearly $29.2 million, as advertising gains at the Des Moines, Iowa-based company’s publishing business offset declines at the company’s broadcasting division.Revenue rose 31 percent to nearly…
CBS Corp. and Warner Bros. Entertainment announced Tuesday that they are merging The WB Network and UPN to create a new network, to be called The CW.The network, which will launch in September, will be owned jointly by Warner Bros….
In a widely expected move, Warner Bros. Domestic Television Distribution has cleared its debuting syndicated talk/therapy strip “Dr. Keith Ablow” to the Fox Television Stations for a fall 2006 launch, making the project a firm go.Jack Abernethy, CEO of Fox…
Fox has ordered a weekly late-night comedy talk show hosted by comedian Spike Feresten for fall 2006. The half-hour show, which has the working title “Talk Show With Spike Ferensten,” will air Saturdays at midnight (ET) following sketch comedy series…
Sony Pictures Television’s new first-run talk strip slated for fall 2006, “The Greg Behrendt Show,” has been cleared for syndication in 87 percent of the country, including 24 of the top 25 markets. That announcement was made Monday by John…
Paula Kerger, a top executive at New York’s Educational Broadcasting Corp., will become the Public Broadcasting Service’s sixth president and CEO on March 13, PBS’s board of directors announced Monday.Ms. Kerger will replace Pat Mitchell, who announced last February she…
CBS Corp. announced Monday it has created a new research unit within the media company to examine opportunities in emerging technologies, and promoted research guru David Poltrack to run the operation.The new unit, to be called CBS Vision, will provide…
The National Association of Television Program Executives is acquiring the Eastern European content market DISCOP.NATPE President and CEO Rick Feldman and DISCOP General Manager Patrick Jucaud announced the acquisition Monday, the day before NATPE’s annual convention in Las Vegas.Financial terms…
Initially targeted for a fall 2006 launch, Twentieth Television has fast-tracked the debut of its new English-language telenovela franchise strip “Desire” into first-run syndication starting in June. The announcement was made Monday by Bob Cook, president and chief operating officer…