Cablevision Systems Corp. said Thursday it has reached an agreement with a group of shareholders that includes Chairman Charles Dolan, to create a private company that will acquire the remaining assets of Cablevision’s failed satellite business Voom, including 21 high-definition…
Metro-Goldwyn-Mayer Chief Financial Officer Daniel Taylor was tapped Thursday to become president of the studio following the completion of the $5 billion purchase of the studio by a Sony Pictures Entertainment-led consortium of investors. As president of MGM Mr. Taylor…
The House telecommunications subcommittee has announced a hearing Feb. 17 to consider “the role of technology in achieving a hard deadline for the DTV transition.” In a statement, the subcommittee said a witness list for the hearing has yet to…
The Federal Trade Commission on Thursday rejected a request by watchdog organization Commercial Alert to require advertisers to prominently disclose every time a product placement appears on a television program. Commercial Alert had asked for a requirement that product placements…
Comedian Kathy Griffin will join the E! red carpet team during E!’s coverage of the Grammys and Academy Awards, the network announced today. “Kathy’s razor-sharp wit and amazing comedic timing make her a great addition to E!’s award-show coverage,” said…
Sinclair Broadcast Group reported Thursday that it swung to a loss in the fourth quarter, hurt by a write-down of good will required under present accounting rules.The Baltimore-based owner of 62 television stations said it posted a loss of $2.6…
In a blow to broadcasters, the Federal Communications Commission voted 4-1 Thursday to reject a National Association of Broadcasters proposal that would have required cable operators to carry all of the programming streams broadcast on digital. Under the agency’s ruling,…
Belo Corp. on Thursday reported a 26 percent increase in fourth-quarter profit, as robust political advertising spending more than offset weakness in the newspaper group and a series of charges taken for discontinued operations and severance.The Dallas-based owner of 19…
The California Public Employees Retirement System, the pension fund that last year helped lead the fight against The Walt Disney Co. CEO Michael Eisner, on Thursday said it was withholding its vote for Mr. Eisner’s re-election to the board at…
Pax TV President Bill Scott will depart to pursue other interests, the company said Thursday.Mr. Scott, who helped launch the Paxson Communications-controlled broadcast network in 1998, will leave by March 5, but will remain a consultant.Pax has struggled to find…