"A group of lenders to bankrupt Tribune Co withdrew its reorganization plan for the media company, leaving creditors with three other options when they begin voting on how to end the two-year-old Chapter 11 case," Reuters reports. According to the…
In a settlement agreement with the 50 States Attorney Generals over its advertising policies, DirecTV has agreed to pay $14.25 million for court costs and an as-yet undetermined amount for consumer restitution, reports B&C. The complaints stem from January 2007…
The holiday season isn’t getting consumers thrilled about buying new television screens with fancy extras like 3D capability and Internet connectivity, reports Reuters. Best Buy Chief Executive Brian Dunn told analysts on Tuesday that 3D TV sales have fallen short…
"ESPN and Xbox 360 are delivering a new and unique interactive experience for college football bowl season," ESPN announced today. The announcement continues, "In a new software update to ESPN on Xbox LIVE available today, sports fans will be able…
"Writers on Comcast’s entertainment networks E!, Style, and G4 have voted to be represented by the Writers Guild of America, West (WGAW)," the Writers Guild has announced. The announcement continues, "Tuesday’s secret ballot election was monitored and certified by the…
While Netflix was once viewed as a harmless DVD-rental operation by the television and cable industries, that viewpoint has sharply changed as the company has seen its stock nearly quadruple this year while hastening the decline of DVD sales, according…
The Screen Actors Guild said on Sunday that it’s investigating alleged financial impropriety by a former manager, reports the Los Angeles Times’ Company Town blog. According to the article, a person familiar with the investigation said the alleged impropriety involved…
Costco, the giant discount retailer, said it’s getting rid of Apple products such as iPods and pre-loaded iTunes cards because the technology company never allowed Costco to sell its products online or at large discounts, according to the Seattle Times….
Even though Oprah Winfrey usually turns everything she touches into gold, some pay-television carriers are resisting demands for higher fees for her new Oprah Winfrey Network (OWN), which debuts Jan. 1, reports Ronald Grover and Andy Fixmer at Bloomberg BusinessWeek….
Howard Stern announced on air today, Thursday, Dec. 9, 2010, that he’s renewed with Sirius XM for another five years. Though terms of the deal were not revealed, Stern’s first five years at the satellite radio outlet made him $500…