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Letterman’s New Deal With CBS Has Him on Track to Beat Carson’s Record; Late-Night Host Books Caustic Olbermann for Tonight’s Show

David Letterman’s new deal with CBS will keep him on the air long enough to beat the record set by his idol, Johnny Carson. Entertainment Weekly reports that Letterman signed to keep his “Late Show” going through 2014. Craig Ferguson,…

Even With ‘Coronation’ of Heavy Favorite Kentucky, NCAA Title Game Scores Higher Ratings

NCAA Men’s Basketball Tournament favorite Kentucky won the title that was generally expected, beating Kansas 67-59 Monday night, but CBS was also a winner, with ratings rising from last year’s event. Monday’s broadcast earned an average fast national household rating/share…

AMC Has Cause for Concern as Drama’s New Season Premieres to Low Numbers

The future of an AMC drama series took a hit when the show’s audience numbers dropped off for the premiere of its second season, reports Joe Adalian in New York Magazine’s Vulture blog. The initial broadcast of the two-hour premiere…

Time Warner Chief Takes a Pay Cut — but He Still Makes More Than the Company’s Next Three Executives Combined

The CEO of media giant Time Warner took a pay cut in 2011, even as the company’s shares rose 12%, Bloomberg reports. Jeff Bewkes’ compensation package dipped 1.5%, the story reports. Bewkes, 59, received $25.9 million last year, including a…

Court Show Renewed for Two More Seasons

A syndicated court show has been renewed for two additional seasons, reports B&C. Entertainment Studios announced the renewal for "America’s Court with Judge Ross." The show will appear in 95% of the U.S. television market for a third and fourth…

Despite All the Hype, Analyst Explains Why Apple TV Set Will NOT Be a Game Changer

It would be a stretch to call Apple’s eagerly anticipated new television set a game changer, according to a new analysis by Barclays Equity Research, reports Deadline.com. The product will likely be introduced as early as 2013 and could capture…

James Murdoch Resigns as Chairman of BSkyB

James Murdoch, the son of News Corp. boss Rupert Murdoch, has resigned as chairman of British satellite broadcaster BSkyB, CNN reports. The move comes after James Murdoch has become increasingly mired in News Corp.’s U.K. phone-hacking scandal. CNN reports: “He…

Current TV Sees Huge Ratings Drop After Olbermann Departure

Current TV saw a big drop in ratings when it replaced Keith Olbermann with Eliot Spitzer, after Olbermann had been fired by the network, according to The Hollywood Reporter. Spitzer, who hosted "Viewpoint" in a Friday debut, drew only 47,000…

Oprah Admits to ‘101 Mistakes’ in Launching OWN; Watch the Video

Oprah Winfrey talked Monday about problems in getting her cable network OWN off the ground, saying she made “101 mistakes” in the process, Reuters reports. Winfrey told “CBS This Morning” she was poorly prepared for the January 2011 launch. The…

James Bond Abandons His ‘Shaken, Not Stirred’ Martinis for a Beer — and One Brewery Is Paying to Ensure He Picks Its Brand

In the upcoming 007 movie "Skyfall," in at least one scene, James Bond will pass on drinking a vodka martini — shaken, not stirred — to have a Heineken instead, reports Advertising Age. Heineken USA has a deal with the…