Softbank Corp. announced today that it will buy a 70% stake in Sprint Nextel Corp. for about $20 billion, The Wall Street Journal reports. The purchase of the mobile carrier marks the largest-ever overseas acquisition by a Japanese company, the…
Strong performances by Gannett’s television stations helped overcome weakness in the company’s core newspaper business as the company beat Wall Street expectations for the third quarter, Deadline.com reports. “The company reported net income of $148.6M, up 32.9% vs the period…
An event streamed online over the weekend shattered a number of records — both for the event itself and for the online stream of the event. Austrian daredevil Felix Baumgartner’s freefall from more than 24 miles above the Earth broke…
Hulu is buying Providence Equity’s 10% stake in the company for $200 million, which places the video-streaming service’s valuation at about $2 billion, reports Bloomberg. Hulu is borrowing the money to pay for the repurchase, while Hulu Chief Executive Officer…
CBS has put into development a Jerry Bruckheimer-produced project, Deadline.com reports. The project is based on a blog called GrannyIsMyWingman.com. The project tracks a 20-something woman and her grandmother as they venture out in the dating world, the story notes….
The president of sales for the NBC broadcast network announced today that she is leaving NBCUniversal, B&C reports. The announcement by Marianne Gambelli follows the promotion of Linda Yaccarino to president of ad sales for all of NBCUniversal. Yaccarino, who…
The hit MTV drama "Teen Wolf" is losing one of the show’s co-stars, E! Online reports. Failed contract negotiations are blamed for the departure of Colton Haynes, who played lacrosse champ Jackson Whittemore, the story reports. Haynes was offered a…
NBC is putting the finishing touches on a deal for a project from “CSI” creator Anthony Zuiker that is a sequel to “Alice in Wonderland,” Deadline.com reports. The project, “Wonderland,” will be written by feature writer Whit Anderson. Zuiker, who…
On a Thursday night when the broadcast ratings were tweaked by the vice presidential debate and by a live NFL Network game, CBS came away with a win for the night while the CW continued its recent surge, TVbytheNumbers.com reports….
One of the trends in this year’s presidential election seems to be candidates using television material until the rights holders ask them to stop. President Obama was asked recently by NBC to stop using unauthorized footage from NBC news, as…