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In the search for new revenue streams, the broadcast networks are going to their affiliates with their hands held out or their guns drawn, depending on one's viewpoint. Specifically, if their affiliates are getting money from cable and satellite operators...
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Quincy Smith, the fast-talking, sneakers-loving new media chief of old media giant CBS Corp. is leaving to start his own Silicon Valley consulting firm. Smith, the chief executive of CBS Interactive, was seen as primarily a deal-maker, and now that...
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Usually when the chairman of a company dumps nearly $1 billion in stock, share prices tumble off a cliff. But apparently not when it's Sumner Redstone. Wall Street has dubbed the phenomenon the "Redstone Overhang." For the past year, investors...
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Sumner Redstone's family-controlled firm, National Amusements Inc., this morning said it was selling nearly $1 billion in stock in CBS Corp. and Viacom Inc. to help retire the enormous debt that once threatened to upend the 86-year-old mogul's media empire...
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A shake-up is in the works at CBS as CEO Leslie Moonves' longtime Hollywood lieutenant, Nancy Tellem, is looking to give up her day-to-day job to take on a more strategic role at the company. As president of the CBS...
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Don't look for CBS to join Disney, News Corp. and NBC in Hulu anytime soon. CBS Interactive Chief Executive Officer Quincy Smith criticized Hulu in an e-mail he sent to staffers that naturally somehow found its way to the blog...
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That CBS' telecast of the Emmy Awards managed to end three years of ratings declines against a huge football match on NBC is something of a minor miracle. According to preliminary numbers from Nielsen, the Emmys averaged 13.3 million viewers,...
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A New York state Supreme Court judge Monday ruled that Dan Rather’s attorneys can depose Viacom Chairman Sumner Redstone in the veteran anchor’s lawsuit against CBS, saying repeatedly that he wants to see the case move forward to trial. More...
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It was 10 years ago yesterday that Sumner Redstone and Mel Karmazin walked down the aisle together at the tony St. Regis Hotel in Midtown Manhattan and unveiled the $36-billion marriage of their respective companies, Viacom and CBS. "Our union...
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Now that "Inglourious Basterds" has taken in an impressive $38.1 million in its opening weekend and looks like it's going to be a huge hit, the Weinstein Co. should be poised to collect a nice check from CBS Corp.'s pay...
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CBS Corp., the most advertising-dependent of all the major media conglomerates, said its second-quarter operating income fell 62%, but the company managed to squeeze out a small profit and said third-quarter advertising is stronger than it was a year ago....
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CBS research guru David Poltrack, who spins TV ratings the way a campaign adviser spins the polls, said online video streaming is the beleaguered broadcast industry's best hope for a significant second revenue stream. Appearing at the Television Critics Assn....
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CBS Chairman and Chief Executive Leslie Moonves says he knew he had made the big time when Walter Cronkite called to congratulate him on getting the top job at the network. "It gave me goosebumps," Moonves said in an interview....
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CBS is losing its top bean counter. Fred Reynolds, the longtime chief financial officer of CBS, is retiring next month and will be replaced by up-and-comer Joe Ianniello. Reynolds, 58, has been CBS Chief Executive Leslie Moonves' Wall Street wingman...
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Soap operas may be borrowing from one of their favorite plot lines—patient is in a coma, on life support, hanging on by a thread—but they aren’t dead yet, and networks and studios are working to find ways to keep the genre viable. Most recently, the cancellation of “Guiding Light” on CBS renewed fears...
Posted to
The Business of Television
by
News
on
Sat, May 30 2009
Filed under:
Filed under: Broadcast, CBS, NBC, Print Edition, Guiding Light, The Young and the Restless, The Bold and the Beautiful, General Hospital, ABC Daytime, Days of Our Lives, As the World Turns, Soaps, One Life to Live