Logo

Business

Tribune Wastes No Time in Announcing Ed Wilson’s Replacement

Tribune Broadacasting has wasted no time in naming a new president. It was only on Friday, April 30, that the company said Ed Wilson, the former president, was leaving the company. The new president of broadcasting is Jerry Kersting, the company announced today. …

Apple Hits the One Million Sales Mark on the iPad in Less Than a Month; Smashes Sales Mark of iPhone When It Debuted

 In just 28 days, Apple Computer has sold one million iPads in the United States, reports DigitalSpy.com. Apple confirmed that the one million mark was reached on Friday in the United States, coinciding with the release of the 3G version…

Showtime’s Summer Schedule to Premiere New ‘Weeds,’ Introduce Three New Shows, Including One Starring a Three-Time Oscar Nominee

Showtime’s summer schedule will include the wrap-up of current shows such as "Nurse Jackie," the premiere of a new season of "Weeds" and introduce three new shows, Multichannel News reports. "Weeds," which returns Aug. 16, will track the Botwins as…

Will New Jersey Public TV Survive Projected State Budget Cut?

The fate of New Jersey’s public television is up in the air after Gov. Chris Christie wrote in his budget plan that he intends to cut its $11 million annual state subsidy, the Star-Ledger reports. Since Christie proposed the budget…

Time Warner Cable Boasts Strong Increase in Revenue

Exceeding industry expectations, Time Warner Cable’s first-quarter revenue was up 5.4 percent from this time last year and its cash flow increased by 10.9 percent, reports Multichannel News. It was the first time in two years that the company posted…

ABC News Cuts 22, Fewer Than Projected; 300 Others Take Buyout

ABC News finished its staff cuts this week by laying off 22 employees, fewer than executives had projected, Matea Gold reports in the Los Angeles Times’ Company Town blog. That was because the news division had a larger-than-expected response to…

Wow: Apple Planning to Ask $1 Million for Mobile-Device Ads

Apple is planning to ask companies to pony up close to $1 million for advertisements on its mobile devices and possibly even more for those marketers who want to be among the first customers, the Wall Street Journal reports. Marketers…

Q&A: NSSA Executive Director Dave Goren

Dave Goren, executive director of the National Sportscasters and Sportswriters Association, was born in Taunton, Mass., and graduated from the SI Newhouse School of Communications at Syracuse University. Goren did play-by-play for the Orangemen football and basketball teams along with…

NBC Universal Makes New Appointment, Sets Big Deal With General Mills

Bill Stewart, once a K-Mart marketing executive, has been named NBC Universal’s so-called "chief marketing officer-in-residence," a new position effective in May 2010, reports B&C. It will be Stewart’s job to help leverage NBCU’s many assets by creating specialized, targeted…

Lions Gate’s Poison Pill Plan Rejected by Regulators in Win for Icahn

Lions Gate Entertainment Corp.’s poison pill plan was rejected by Canadian securities regulators, marking a victory for activist shareholder Carl Icahn, Bloomberg News reports.  Lions Gate shareholders "should have the right to decide for themselves whether they wish to sell…