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Tribune Profit Rises on Broadcast Business

Tribune Co.’s fourth-quarter net income rose 78 percent with help from an extra week of advertising revenue and improved results from its television broadcasting business, among others.Tribune reported profit of $239.1 million, or 99 cents per share. A year earlier,…

‘O.C.,’ ‘One Tree Hill’ Headed to SoapNet

SoapNet has acquired the rerun rights to “The O.C.” and “One Tree Hill” in a deal with Warner Bros. Domestic Cable Distribution.The shows will begin to air April 9, with “The O.C.” airing at 6 p.m. weekdays and “One Tree…

Number of TV Homes Expected to Rise

The number of TV homes in this country is expected to hit 163.7 million by the year 2050, a 47 percent increase from the current 111.4 million.That figure is among the projections in the annual report, “Projected Estimates of TV…

Fox Continues Tuesday Domination

For the fifth week in a row, Fox dominated Tuesday thanks to “American Idol,” which remains on track this season. “Idol” received a 13.4 rating among adults 18 to 49, according to preliminary Nielsen Media Research figures. “Idol” once again…

Local Stations See Strong Online Ad Growth

Local TV stations racked up $399 million in online ad revenues in 2006 and those revenues could grow by as much as 55 percent in 2007.That’s the outlook in a survey released Wednesday by the Television Advertising Bureau, which said…

Hachenburg Takes Top Spot at Metacafe

Online video site Metacafe (see related Metacafe news) installed a new CEO today, the latest in a slew of management changes at viral video sites. Metacafe appointed Electronic Arts executive Erick Hachenburg as its new CEO, replacing Arik Czerniak, the…

News Corp. Profit Falls on Fox, MyNetworkTV

News Corp. profit fell 24 percent last quarter as the launch of MyNetworkTV increased costs and the Fox broadcasting company lost ground due to weak baseball ratings and higher spending on football programming.Net income fell to $822 million in the…

CBS Sells Seven Local Stations for $185 Mil

CBS today announced it would sell seven of the local TV stations it owns in four mid-size and small markets to Cerberus Capital Management, L.P., for $185 million.The move is consistent with CBS’s recent pattern of selling off smaller local…

CBS Creates Wireless Entertainment Division

The interactive arm of CBS today said it is creating a new division to focus on building the company’s wireless entertainment properties.The creation of CBS Mobile is the latest step in CBS’ mobile video strategy. Already CBS has inked deals…

Walker Joins MGM as VP of Global Marketing

Metro-Goldwyn-Mayer Studios has tapped the services of Faye Walker, former head of marketing for The Tennis Channel, as VP of worldwide television marketing. Ms. Walker will report directly to Jim Packer, president of worldwide television distribution.In her new role at…