News Corp. profit fell 24 percent last quarter as the launch of MyNetworkTV increased costs and the Fox broadcasting company lost ground due to weak baseball ratings and higher spending on football programming.Net income fell to $822 million in the…
CBS today announced it would sell seven of the local TV stations it owns in four mid-size and small markets to Cerberus Capital Management, L.P., for $185 million.The move is consistent with CBS’s recent pattern of selling off smaller local…
The interactive arm of CBS today said it is creating a new division to focus on building the company’s wireless entertainment properties.The creation of CBS Mobile is the latest step in CBS’ mobile video strategy. Already CBS has inked deals…
Metro-Goldwyn-Mayer Studios has tapped the services of Faye Walker, former head of marketing for The Tennis Channel, as VP of worldwide television marketing. Ms. Walker will report directly to Jim Packer, president of worldwide television distribution.In her new role at…
Online video usage apparently is not as pervasive as TV networks and video-sharing sites would like to believe. Research firm Leichtman Research Group reports that only 4 percent of adults over 18 watch video online at home every day, while…
TiVo partnered with Amazon to test a new service that will link Amazon’s online video store UnBox to TiVo devices. As part of the trial, TiVo users will be able to watch videos from UnBox on their TVs.The deal follows…
Comcast, the nation’s largest cable operator, has partnered with social networking site Facebook to create a new TV series featuring user-generated content.Under the deal, Facebook users will be encouraged to share their videos online at Comcast’s user-generated ziddio.com site. The…
Study Says Internet Ads Get Good Reception
Brookbanks Prepares OMD for the Future
Lifetime Set to Launch ‘Blood Ties’ in March