Will rock and roll chef Anthony Bourdain come work in the commissary as part of a deal? That might be what some of the major media conglomerates kicking the tires of Cox Communications' Travel Channel are wondering. The auction for...
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...
Posted to
The Business of Television
by
News
on
Wed, Apr 8 2009
Filed under:
Filed under: Broadcast, Cable, Digital, Advertising, CBS, Viacom, Syndication, Research, Earnings, Time Warner, News Corp., Economy, Walt Disney Co.
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...
Posted to
The Business of Television
by
News
on
Sun, Feb 8 2009
Filed under:
Filed under: Broadcast, Cable, Advertising, Print Edition, Earnings, Scripps Networks, Time Warner, Jeff Bewkes, Rupert Murdoch, News Corp., Economy
The collateral damage from Tribune’s bankruptcy filing in December is rippling through the syndication industry, with Disney-ABC Domestic Television taking a $60 million writedown on deals with the TV station owner and News Corp. setting aside $10 million to deal with the problem. On top of those charges...
The economic crisis that rocked Wall Street showed up as a ripple in many media company earnings reports for the third quarter—but a more ominous harbinger of hard times emerged Friday. General Motors, which reported a $4.2 billion third-quarter loss, said Friday it had decided to cut back on its upfront...
Posted to
The Business of Television
by
News
on
Sun, Nov 9 2008
Filed under:
Filed under: Broadcast, Advertising, Viacom, Print Edition, Discovery Communications, Time Warner, News Corp., General Motors, Walt Disney, GM