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World’s Largest Consumer Products Company Bans Netflix

The world’s largest consumer products company has blocked access to video-streaming site Netflix and the music-streaming site Pandora on company computers. Procter & Gamble wanted to find out why its computers were running slowly, and discovered that the culprit was…

NBC Apologizes for Trayvon Martin Report

NBC has apologized for a report in the Trayvon Martin shooting death, reports TheWrap.com. Specifically, the network apologized for its editing of a 911 call from the shooter, George Zimmerman, the story reports. "During our investigation it became evident that…

Yahoo to Cut 2,000 Jobs

Yahoo announced Wednesday that it plans to cut 2,000 jobs — 14% of its staff — as the company moves to cut costs and refocus its priorities, according to The Hollywood Reporter. The layoffs were expected, the story notes. Said…

Video: Olbermann Takes the Blame, Sort Of, in His Beef With Current TV

Keith Olbermann took at least part of the blame for his problems with Current TV in an appearance Tuesday night on “Late Show with David Letterman.” “I screwed up,” said the recently fired Current host. “I didn’t think the whole…

Planet Green Changes Its Colors as Discovery Rebrands the Channel

Discovery Communications has announced that it will rebrand its Planet Green cable channel, Deadline.com reports. Starting May 28, the channel will be called Destination America. Discovery said Planet Green “will turn red, white and blue.” “Destination America will be the…

CBS Comedy Project Casts Lead

The second of two lead roles has been cast in a new CBS comedy project, Deadline.com reports. Getting the role in the pilot “Friend Me” is "Super Bad" co-star Christopher Mintz-Plasse, the story reports. The role marks the actor’s first…

New Show to Transplant Five Amish People to NYC

A new reality show will take five Amish people and transplant them in New York City, reports the New York Post. Called "Breaking Amish," the TLC show will "allow them the opportunity to go out and experience a lifestyle that’s…

Time Warner Cable CEO Sees Compensation Reduced

Time Warner Cable’s chief executive saw his compensation reduced last year, reports Deadline.com. Glenn Britt’s compensation fell 5.7% as he lost about $1 million in non-equity incentives, the story reports. Otherwise, Britt’s compensation was steady compared with 2010, the story…

Katie Couric vs. NBC, Round One: Numbers Are In for Monday’s ‘GMA’ Appearance

Former “Today” co-host Katie Couric is going head-to-head with her old show this week in a closely watched ratings showdown that has high stakes for NBC and ABC. The numbers are in for her first day as guest co-host on…

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,…