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Sony Looking at Third Straight Year of Red Ink, as Japanese Tsunami Takes a Toll

Sony Corp. announced that it expects to post a massive net loss for the recently concluded fiscal year, with the March 11 earthquake and tsunami in Japan destroying what had been optimistic expectations for the period, The New York Times…

What Does John Malone Know That the Rest of Us Don’t? His Liberty Media Makes Surprise $1 Billion Offer to Save Barnes & Noble

John Malone’s Liberty Media has offered Barnes & Noble $17 a share to buy out the troubled bookseller, according to a number of media reports. The offer, made on Thursday, May 19, 2011,  values Barnes & Noble at about $1…

Schwarzenegger Puts Hollywood Comeback on Hold; Producers Rethink ‘Governator’ Cartoon Show

Former California Gov. Arnold Schwarzenegger, embroiled in a scandal that has been gaining momentum since it was revealed he fathered a child outside of his marriage to Maria Shriver, is putting his Hollywood comeback on hold, The Washington Post reports….

Broadcast Nets Introduce More New Shows Than They Have in Years–and Now We Know Why

The Big 4 TV networks introduced more new shows than they have since 2004 when they made their upfront presentations to advertisers this week, and it may come as as surprise that one of the main reasons is Netflix, according…

Dish Network Leverages Its New Blockbuster Asset in Push for Subscribers, Eyes More Acquisitions

Dish Network said its new customers will receive three months’ free service from Blockbuster By Mail, a subscription movie service that competes with Netflix, according to The Hollywood Reporter. The plan is one of the synergies Dish had planned when…

Who’s the Biggest Earner to Rise From the Ranks of ‘American Idol’? Kelly Clarkson Loses Her Spot at the Top of the List

A new name tops the list of the biggest earners among alums of “American Idol.” With 12.3 million albums and 18.5 million digital tracks sold since she won the competition in season four, Carrie Underwood is now No. 1, according…

Multiple Emmy Winner Says Religion and Politics Have Hurt Her Career

An actress who has thrived in sitcoms and has a string of Emmy nominations–along with two Emmys–says her Christian views and conservative beliefs have hurt her career, according to TVSquad. Patricia Heaton, who stars in ABC’s “The Middle,” told the…

Oprah Gets Taken Down a Notch on Forbes’ Celebrity Power List–So Who Replaced Her at No. 1?

Oprah Winfrey lost her grip on the No. 1 spot on Forbes’ annual “Celebrity 100” power list, and the person who took her spot used social media, among other things, to rise to the top, Reuters reported. Moving into the…

Kutcher Opens Up as CBS’s New ‘Men’ Crew Debuts at Upfront

Ashton Kutcher had his public introduction today as a member of the “Two and a Half Men” cast, coming out on stage at CBS’s upfront presentation in New York and saying a few words about his new gig, Entertainment Weekly…

New Deal With Turner Expands Dish Network Choices

Turner Broadcasting’s Cartoon Network, Adult Swim and TruTV will be available to Dish Network subscribers thanks to a new deal between the two companies, reports B&C. In a statement, Dave Shull, Dish senior vice president of programming, said, "Following on…