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Media moguls say they’re starting to see signs of a bottom to the recession and the beginnings of an upturn in the advertising market—just in time for the upfront advertising sales season. Last week, several major media companies reported they took their lumps in the first quarter, but their top executives...
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Sun, May 10 2009
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Filed under: Broadcast, Cable, Print Edition, Earnings, Leslie Moonves, CBS Corp., Scripps Networks, Rupert Murdoch, Economy, Walt Disney Co., John Lansing, Bob Iger, New Corp.
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Rupert Murdoch says, "The worst is over." The News Corp. CEO, noting he has been uncharacteristically pessimistic on recent earnings calls, now says "the days of precipitous declines are over" and that "we are beginning to see a number of bright spots." For TVWeek's...
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Executives at the National Cable & Telecommunications Association’s Cable Show ’09 last week were relatively upbeat about their prospects. “We’re an industry that is still growing customers,” said Pat Esser, CEO of Cox Communications. Consumers see their broadband connection and their cable TV connection...
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Sun, Apr 5 2009
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Filed under: Cable, David Levy, Print Edition, David Zaslav, Discovery Communications, Comcast, Cox Communications, Turner Broadcasting, NCTA, Brian Roberts, Rupert Murdoch, Economy, Cable Show, Pat Esser
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News Corp. Chairman and CEO Rupert Murdoch doesn’t think the economy will bounce back anytime soon. “I think the long-term situation is still very dangerous,” Mr. Murdoch said, responding to questions at the National Cable & Telecommunications Association’s Cable Show '09. “I don’t think anyone...
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In an unexpected development, Fox Broadcasting Chairman Peter Liguori is leaving the network, stepping down as part of a restructuring that will give Tony Vinciquerra full control of News Corp.’s TV networks business. Replacing Mr. Liguori will be Peter Rice, who had been president of Fox Searchlight...
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Thu, Mar 12 2009
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Filed under: Broadcast, Cable, Fox, Kevin Reilly, Syndication, Peter Liguori, Gary Newman, Dana Walden, Rupert Murdoch, Jim Gianopulos, Tony Vinciquerra, Peter Rice, Tom Rothman
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News Corp. President and Chief Operating Officer Peter Chernin is departing the company, a person with knowledge of the situation confirmed to TelevisionWeek today. Mr. Chernin has held his position at the company since 1996, and his current contract is due to expire at the end of June. Mr. Chernin joined...
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Peter Chernin will be stepping down as president and chief operating officer of News Corp. when his contract expires on June 30, News Corp. Chairman Rupert Murdoch announced this afternoon. The company said that News Corp.’s Los Angeles-based Fox businesses will report directly to Mr. Murdoch when Mr...
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Media companies just aren’t worth what they used to be. News Corp. and Time Warner last week both took billion-dollar writedowns against quarterly earnings as the economy lowered the value of some of their assets. The industry titans said the downturn was steeper than anticipated and the watchword going...
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Sun, Feb 8 2009
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Filed under: Broadcast, Cable, Advertising, Print Edition, Earnings, Scripps Networks, Time Warner, Jeff Bewkes, Rupert Murdoch, News Corp., Economy
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News Corp. took an $8.4 billion charge against earnings as the declining economy continues to take big bites out of media company valuations. As a result of the pre-tax, non-cash, impairment charge related to goodwill, News Corp., which owns , reported a second-quarter net loss of $6.4 billion, or $2...
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The Business of Television
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Thu, Feb 5 2009
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Filed under: Broadcast, Cable, FX, Fox News Channel, MyNetwork TV, Big Ten Network, Rupert Murdoch, Fox Broadcasting, Economy, Fox International Channels, Fox Broadcast, Fox TV Stations
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Roger Ailes, chairman and CEO of Fox News and chairman of Fox Television Stations, has signed a new five-year contract with parent company News Corp. Mr. Ailes will continue his duties overseeing Fox News, Fox Television Stations, Fox Business Network, MyNetworkTV and Twentieth Television under his new...