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Verizon Gets Carriage With Showtime Networks

Verizon Communications, the telephone giant that expects to launch a video service later this year, on Tuesday added to its programming roster by striking a carriage agreement with Showtime Networks.The deal marks Verizon’s second premium pay TV programming pact in…

Meredith Reports Q3 Profit Surge

Meredith Corp.’s television operation proved the exception to the rule Tuesday, reporting for its fiscal third quarter a slight increase in revenue and a sizable surge in operating profit-defying the tradition of reporting declines during nonpolitical years.Meredith, which owns or…

ABC’s ‘primetime’ to Delve Behind the Scenes of ‘Idol’

ABC News announced Monday that “primetime>live” co anchor John Quinones will report on “explosive claims” about what may have been going on off camera at Fox’s hit “American Idol” in an hour long special edition at 10:02 p.m. (ET) Wednesday,…

Martha Stewart Living Omnimedia Reports Q1 Loss

Martha Stewart Living Omnimedia on Tuesday reported a slightly narrowed loss for the first quarter, but a persistent advertising slump at its magazines and the absence of the daily syndicated television continued to take their toll on revenue.The company reported…

McGraw Hill TV Stations Report Q1 Loss

McGraw-Hill Cos. on Tuesday said its four ABC-affiliated television stations reported a 2 percent decline in revenue in the first quarter as a sharp slowdown in political advertising and significant cutbacks in national advertising more than offset gains in local…

ESPN Extends Agreement to Cover Australian Open

ESPN on Tuesday said it reached a new multiyear agreement with Tennis Australia to extend ESPN’s exclusive coverage of the Australian Open. The new agreement begins in 2007. ESPN has held the TV rights to the Australian Open since 1984….

Commerce Committee Postpones VNR Hearings

The Senate Commerce Committee on Tuesday postponed hearings on controversial legislation aimed at government-produced video news releases. The hearings had been slated for Thursday morning, but, a Senate source said, Sens. John Kerry, D-Mass., and Frank Lautenberg, D-N.J., had not…

Sheridan Begins New Role at ‘World News Now’

Former “Today” supervising producer Chris Sheridan began work Monday as executive producer for “World News Now” and “World News This Morning,” ABC News’ overnight news programs. The broadcasts, anchored by Ron Corning and Heather Cabot, air from 2-5 a.m. (ET)…

Adelphia Settles Legal Probe

Adelphia Communications, the bankrupt cable operator that agreed last week to be sold to Time Warner and Comcast, on Monday reached a settlement with the Department of Justice and the Securities and Exchange Commission, under which Adelphia will pay a…

Sen. Stevens Recommends Kurth for FCC Seat

Sen. Ted Stevens, R-Alaska, has recommended that the White House nominate Christine Kurth to a seat at the Federal Communications Commission. Ms. Kurth, 34, is deputy staff director for the Senate Commerce Committee. She previously held posts on the Senate…