Investment firm Sanford C. Bernstein on Wednesday released a new pessimistic report on media company earnings. “The recent run-up in media stocks suggests investors are looking past the horrid near-term trends to a happier place off in the horizon,” said analyst Michael Nathanson in a report. “However...
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Wed, Apr 8 2009
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Filed under: Broadcast, Cable, Digital, Advertising, CBS, Viacom, Syndication, Research, Earnings, Time Warner, News Corp., Economy, Walt Disney Co.
ABC is getting serious about offering its television programming on Hulu in exchange for an equity stake, reports PaidContent.org. The online news outlet said talks between Disney, which owns ABC, and Hulu, an NBC Universal-News Corp. joint venture, have intensified recently and center on the crown jewel...
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...
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...
Comcast-owned online video technology provider thePlatform inked a deal with an Australian subsidiary of News Corp. to publish and manage video across 50 digital media properties, the companies announced today. Under the deal with News Corp.-owned News Ltd., thePlatform will manage online video for major...