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CBS to Acquire CSTV Networks

CBS said Thursday it will pay $325 million to acquire CSTV Networks, a company with cable and Internet assets devoted to college sports.The move comes two days after Viacom co-President and co-Chief Operating Officer Leslie Moonves, who also serves as…

FCC Mandates Digital Tuners in All TV Sets by March 2007

Hoping to limit the number of U.S. households stranded without the ability to receive over-the-air television signals after the industry transition to digital TV, the Federal Communications Commission adopted rules Thursday requiring manufacturers to include digital tuners by March 1,…

Comcast Reports Flat Profits for Q3

Cable giant Comcast reported flat third-quarter profits as a gain in revenue was offset by higher expenses associated with the deployment of advanced set-top boxes and telephony services.The company reported a profit of $222 million for the quarter, compared with…

MTV networks Hires Flood as Senior VP of Integrated Media

MTV Networks has hired Bob Flood as senior VP of integrated media platforms for its music and comedy ad sales group, the company said Thursday.Mr. Flood, who was executive VP and director of electronic media at Optimedia International, will report…

New Strips Down for the Week

In a week when nearly all veteran court and talk strips saw declines, the three debuting nationally rated strips were down in households.For the week ended Oct. 23, Twentieth’s court strip “Judge Alex” scored new series low with a 1.9…

Grasso Close to Taking Lifetime Position

Two months after the departure of two key programming executives, Lifetime is close to a deal to bring aboard former WB executive Maria Grasso, sources said. Ms. Grasso was senior VP of drama development at The WB and previously headed…

Mendez Named Disney-ABC Senior VP for Diversity

Former Buena Vista business affairs executive Robert Mendez has been appointed to the newly created position of senior VP of diversity for the Disney-ABC Television Group.Mr. Mendez, a past president of the Hispanic National Bar Association and current board member…

Univision to Cut Jobs

Spanish-language broadcaster Univision Communications said Thursday it is taking several measures to improve financial performance, including trimming the employee headcount at its television operations by nearly 6 percent.The company declined to say where exactly the job cuts would come and…

McCain Proposes Earlier DTV Deadline

Broadcasters would be required to switch to digital TV by April 7, 2008, under an amendment introduced by Sen. John McCain, R-Ariz., Wednesday afternoon. Legislation recently approved by the Senate Commerce Committee set the transition date at April 7, 2009….

Brown Departing CNN; Cooper to Become Evening Block Anchor

Anderson Cooper, one of the breakout stars of Hurricane Katrina coverage, will become the sole anchor of CNN’s 10 p.m.-midnight (ET) weekday block, to be re-titled “Anderson Cooper 360,” effective Monday, and Aaron Brown will leave the news network he…