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Liberty Global Approaching Acquisition of Ziggo
Bloomberg
Liberty Global is said to be putting the final touches on an acquisition of Dutch broadband provider Ziggo, as the John Malone-controlled cable company expands its European operations. A deal is expected to be announced as early as the middle of this month.

Carlyle Hires Former FCC Chief for Buyout Group
New York Times
Julius Genachowski, who was chairman of the Federal Communications Commission until last May, has joined the Carlyle Group private-equity firm. Genachowski, a proponent of a free and open Internet, will work on investments in tech, media and telecommunications.

Discovery CEO Stands to Rake In $110 Million
Bloomberg
David Zaslav stands to make more than $110 million in compensation in 2014, the first year of a new contract with Discovery that keeps him at the cable-network giant through 2019. Zaslav, who joined Discovery in 2007, was already one of the highest-paid U.S. media execs.

Media Giants Get Boost from Cable TV Networks
Hollywood Reporter
Disney, Time Warner, Viacom, Fox, NBCUniversal and CBS have all seen gains from cable TV ad growth and carriage fee negotiations, according to an analysis by the Hollywood Reporter. Cable network units now contribute more than 60% of nearly all media giants' operating profits.

Liberty-Sirius May Help Time Warner Cable Deal
Reuters
Liberty Media said it would offer to buy out the minority shareholders in Sirius XM, in a deal that could give cable mogul John Malone a freer hand in driving cable consolidation. Liberty has made no secret of its pursuit of No. 2 cable provider Time Warner Cable.

Disney's 'Frozen' Freezes Out Box Office Rivals
EW
As much of the U.S. Northeast was trapped in a winter wonderland not unlike its snow-cursed setting, Disney's "Frozen" reclaimed the No. 1 spot at the box office for the first time in three weekends. The animated film took in $20.7 million in its sixth weekend of wide release.

CBS Tests Twitter Rules with Film Critic's Tweet
ReadWrite
On Saturday, the print edition of the New York Times carried a full-page ad for the movie "Inside Llewyn Davis" with a single tweet by film critic A.O. Scott. CBS Films's use of the partial tweet seems to be a violation of Twitter's rules about the use of tweets in ads.

Time Warner Studio Rules World at $5.04 Billion
Hollywood Reporter
Warner Bros. was No. 1 film studio in global market share in 2013 with $5.04 billion in ticket sales. It's only the second time a Hollywood studio has hit that mark. And in a first, both Warner Bros. and Disney crossed $3 billion in revenue at the international box office.

Disney to Track Park Visitors with Wristbands
Time
Families visiting Disney theme parks can now be outfitted with rubber wristbands embedded with computer chips that will track their movements as the move through the attractions. The new "vacation management system" is designed to track user purchasing habits.

DreamWorks Programs Tablet Like a TV Channel
New York Times
DreamWorks has partnered with tech company Fuhu on a new way to reach youngsters, a highly coveted audience: a tablet computer for children that the studio will be able to program like a cable channel. "We could push out a new character moment every day of the year."

21st Century Fox Sells Stake in Star China TV
Dow Jones
21st Century Fox has sold its 47% stake in Star China TV, which operates three Mandarin channels and the Fortune Star Chinese movie library. The deal, said deputy COO James Murdoch, is part of the company's plan to streamline its "affiliate ownership structures."

Cox Boosts Stake in Web Marketplace AutoTrader
Atlanta Journal-Constitution
Cox Enterprises has increased its stake in AutoTrader, giving the company ownership of 98% of the online auto marketplace it started 15 years ago. The purchase of a 25% stake that Providence Equity Partners bought from Cox three years ago is set to close Friday.

Martha Stewart, Macy's Settle JC Penney Dispute
Associated Press
Macy's and Martha Stewart Living Omnimedia said they have settled a breach-of-contract lawsuit involving J.C. Penney. Both companies added that their settlement terms are confidential and they are looking forward to "a continued, successful partnership together."

Hearst Touts Upgrade of Web, Mobile Products
WWD
Hearst CEO Steve Swartz, in an internal memo to employees, said that roughly 60% of the company's revenue is derived from "sources other than advertising." On the magazine front, Swartz trumpeted the group's "ambitious upgrade" of all its web and mobile products.

Viacom Seen Benefiting From Online TV Ratings
Investor's Business Daily
Viacom stands to gain as Nielsen and others develop better ways to measure online audiences and mobile viewing, according to Cowen & Co. "Viacom should disproportionately benefit, as their young-skewing audience likely over-indexes to those viewing methods."

Time Warner Cable Sale Deal Could Get U.S. Pass
Bloomberg
U.S. regulators who didn't act as cable-TV prices almost tripled in the past two decades are poised to remain hands off on mergers among the industry's biggest providers. Few regulatory or antitrust barriers are seen preventing a potential acquisition of Time Warner Cable.

Media Deals Driven by Content, Pricing in 2013
USA Today
U.S. media and entertainment companies completed $75.8 billion worth of acquisitions and mergers this year, a 47% increase on 2012. The number of deals was up, as well — 766, versus 596 a year ago. "Consolidation is happening in every legacy industry."

Disney's 'Iron Man' Tops Hollywood Record Year
Bloomberg
"Iron Man 3," topping the U.S. box office with $409 million in sales, underscored Hollywood's success revisiting hits, leading the industry to a second-straight annual record after declines the prior two years. Eight of the top 10 films of 2013 were sequels or revivals.

Media Giants to Hit Their Stride, or Peak, in 2014
Deadline
Stock prices are at or near all-time highs for media leaders including CBS, Comcast, Discovery, Disney, Netflix and Viacom. Many execs say that the good times will keep rolling in 2014. But next year moguls may have to work harder for their unconscionably high pay.

Hollywood Poised for Best-Ever Box-Office Year
Associated Press
Hollywood is expected to have a banner 2013 at the domestic box office, coming in just shy of $11 billion, the largest annual take ever. But because of higher ticket prices, actual attendance at North American theaters remained flat after a decade of decline.

Time Warner's 'Hobbit' Beats Holiday Newcomers
USA Today
Hollywood offered a bounty of new films over the Christmas weekend, but holdovers refused to give up their seats at the buffet. "The Hobbit: The Desolation of Smaug" took the crown, fending off five high-profile films including "The Wolf of Wall Street" and "47 Ronin."

Tribune Closes $2.7 Billion Local TV Acquisition
Chicago Tribune
Tribune has closed on its acquisition of Local TV, making it one of the country's largest TV station owners, the company announced. The deal adds 19 TV stations in 16 markets to Tribune's 23 stations. The combined portfolio will reach 50 million households.

Comcast Studio Takes Writedown on Keanu Film
Reuters
Comcast's Universal Pictures movie studio has taken unspecified write-downs for its $175 million, Keanu Reeves film "47 Ronin" that opened on Christmas Day, as Hollywood nears the end of a year of big budget bombs. The film is said to have cost $175 million to make.

Disney CEO Gets Pay Cut Despite Strong Results
Reuters
Disney CEO Bob Iger's total pay was cut 15% to $34.3 million in fiscal 2013, despite what its board said were strong results during the year. Disney reduced Iger's bonus because the company's results "did not outperform against the committee's performance ranges."

Twitter Creator Dorsey to Join Board of Disney
Associated Press
Disney has added Twitter chairman and Square CEO Jack Dorsey to its board of directors. Dorsey co-founded Twitter and sent the first tweet in March 2006. He has been chairman of the company since 2008. Dorsey will replace Judith Estrin on Disney's board.

Tribune Enters Deal to Acquire Sony's Gracenote
Chicago Tribune
Tribune has agreed to buy Gracenote, which provides music data for iTunes and other digital applications, from Sony Corp. of America. The $170 million deal will combine Gracenote with Tribune Media Services, expanding Tribune's reach in digital entertainment data.

Meredith to Buy Three TV Stations for $408 Million
Reuters
Meredith plans to buy three TV stations from Gannett and Sander Media for $407.5 million to expand its broadcast revenue. Dwindling advertising revenue and audience numbers have pushed broadcasters to acquire more TV stations that have multiple revenue streams.

Comcast's 'Fast & Furious 7' Gets Release Date
Hollywood Reporter
"Fast & Furious 7" will be released April 10, 2015, star Vin Diesel has announced in a post on Facebook. Universal Pictures had put production on the film on hold indefinitely after star Paul Walker died in a fiery car crash. It had originally been slotted to open July 11.

Viacom: Profitability is New Mantra at Film Studio
New York Times
Paramount ranks last among major studios in the annual box-office race, down by half from its recent peak in 2011. Yet the Viacom-owned film studio has become consistently profitable in an industry where profit margins have ranged from razor-thin to nonexistent.

Forecast: Media Biz to See 'Modest Uptick' in 2014
MediaPost
Fitch Ratings has predicted a "modest acceleration" in advertising revenue next year, as companies continue to invest in marketing. In addition, there will continue to be an "ongoing shift of advertising dollars from local to national — and from print mediums to digital."

Seagram Boss, Billionaire Bronfman Dies at 84
Associated Press
Edgar Bronfman Sr., the billionaire businessman, has died at age 84. Bronfman made his fortune with his family's Seagram liquor empire. Under his leadership, Seagram expanded its offerings and was eventually acquired by French media group Vivendi Universal in 2000.

Disney Is 2013 Company of the Year, Yahoo Says
Yahoo Finance
Disney has "positioned for the future better than any other American company," according to Yahoo Finance. "Disney's strong 2013 is best-viewed as a culmination of the strategies put in place since Bob Iger took over as CEO. Iger agrees 2013 was 'a payoff year.' "

Tribune Acquisition of Local TV Wins U.S. Approval
Chicago Tribune
Tribune's $2.73 billion acquisition of Cincinnati-based Local TV has been approved by the Federal Communications Commission. The deal makes Tribune the largest combined independent TV station owner and content creator in the U.S., according to the company.

Gannett Gets U.S. Approval for Acquisition of Belo
USA Today
The Federal Communications Commission has approved Gannett's acquisition of Belo, clearing all regulatory hurdles for the McLean, Va.-based company to boost its TV business in pursuit of lucrative broadcast advertising and fees from cable companies.

Hearst Financial Officer Elected to Family Trust
min
Mitchell Scherzer, Hearst SVP and CFO, has been elected a trustee to the Hearst Corp. Family Trust. Scherzer, a past JP Morgan managing director, becomes the 13th member of the Family Trust in filling the vacancy caused by the October passing of SVP Ronald Doerfler.

Report: Established Media Will Prevail in 2014
World Screen
YouGov has pinpointed key trends for the year ahead, including predictions that established media will stem the current flow of losses and grow. "By giving consumers what they want across a range of devices, established news brands are poised to stage a fightback."

Disney Website Said to Violate Privacy Rules
MediaPost
The Disney website Marvelkids.com doesn't comply with federal rules aimed at protecting children's privacy, the advocacy group Center for Digital Democracy said in a complaint to the U.S. Federal Trade Commission. Marvel uses "tracking technologies."

Warner Bros Preps Feature Film on Hugh Hefner
Variety
"Wedding Crashers" director David Dobkin is in talks to helm Warner Bros.' untitled biopic about Hugh Hefner, the mogul who founded Playboy in 1953 and built the magazine into a media empire while cultivating a reputation as a swinging bachelor well into his 80s.

Sony Home Entertainment Chief to Leave Studio
Reuters
David Bishop, president of home entertainment at Sony Pictures, will leave the company in March, the latest departure as the studio revamps its operations after criticism from hedge fund investor Daniel Loeb. "We appreciate his many contributions and wish him well."

FCC Retracts Media-Ownership Rules Proposal
Wall Street Journal
The U.S. Federal Communications Commission has withdrawn a proposal to relax the ban on owning multiple media outlets in the same market. The proposal would have paved the way for smaller TV stations to own newspapers. The agency plans to "reassess" the issue.

DOJ: Gannett-Belo Deal Requires Station Sale
Associated Press
The U.S. Justice Department has attached conditions to Gannett's $1.5 billion purchase of Belo and its 20 TV stations, saying it has to sever ties with KMOV-TV, a CBS affiliate in St. Louis. Gannett said the divestiture will have "very minimal" impact on its plans to benefit from the deal.

Murdoch, Leno Set for Honor by TV Hall of Fame
Associated Press
The Television Academy has added six new members to its Hall of Fame, including media magnate Rupert Murdoch, former "Seinfeld" star Julia Louis-Dreyfus and NBC late-night host Jay Leno. Past honorees include Lucille Ball, Walt Disney, Bob Hope and Bill Cosby.

Fox Announces Plans for Theme Park in Malaysia
Hollywood Reporter
Twentieth Century Fox has unveiled the name and other details of its planned $300-million theme park in Malaysia, the company's first such project in the world. The coming "Twentieth Century Fox World" will be comprised of 25 rides and attractions across 25 acres.

Disney Sees Best Domestic Box Office Year Ever
Deadline
Disney has broken the $1.547 billion domestic box office record it set just last year. The landmark comes after it became the first studio to reach $1 billion in 2013 and then hit $2 billion internationally for the fourth straight year. "Branded tentpoles" were seen as a driving force.

Fox's Murdoch 'Banned' from Party by Son-In-Law
Daily Mail
Rupert Murdoch "was banned" from the star-studded birthday party of his public relations mogul son-in-law Matthew Freud in a tit-for-tat family conflict linked to Tony Blair's relationship with Murdoch's ex-wife Wendi Deng. "Freud has been sending crazy 3 a.m. emails to Rupert."

Time Warner Gets Smaller, Stronger Under Bewkes
Los Angeles Times
Time Warner CEO Jeff Bewkes has dismantled a media empire, discarding AOL and Time Warner Cable and planning a spinoff of Time Inc. for 2014. What's left is "a lean, mean TV machine." Also: After almost six years, Bewkes has finally assembled his own team.

Silver Lake in Deal for $2.4 Billion Purchase of IMG
Bloomberg
Silver Lake and William Morris Endeavor agreed to acquire talent agency IMG Worldwide from Forstmann Little & Co. for about $2.4 billion. The combination of IMG and William Morris creates an agency with top talent cutting across both sports and entertainment.

2014 Media/Tech: Big Deals, Bigger Convergence
CNBC
Get ready for big media deals next year, especially in cable TV and digital content, according to CNBC media reporter Julia Boorstin. "Mobile will be the new status quo." Also, the distinction between digital and traditional content "will disappear."

Weinsteins, Miramax Reunite in Production Deal
Bloomberg
Weinstein Co. has entered a deal with Miramax, reuniting brothers Bob and Harvey Weinstein with the film company they founded in 1979. The agreement will allow the Weinsteins to make new films, TV shows and stage productions derived from works in the Miramax library.

Martha Stewart Names Ad Sales Chief After Layoffs
Advertising Age
After swinging the ax on about 75 employees Thursday, Martha Stewart Living Omnimedia has promoted Amy Wilkins to head of advertising, sales and marketing. Wilkins, publisher of Martha Stewart Weddings, becomes the top ad sales exec at the company.

Time Warner Offers $40 Super Ticket for 'Hobbit'
Bloomberg
For a movie fan with cash to burn, the new "Hobbit" movie opening this weekend offers the chance to drop almost $40 before even getting to the snack bar. So-called "super tickets" include a plush seat in a big-screen cinema and an advance digital copy of the film.

Fox, Sony Films Tie in Golden Globe Nominations
Bloomberg
21st Century Fox's "12 Years a Slave" and Sony's "American Hustle" led the Golden Globe nominations with seven each, as Hollywood's yearly awards race gets under way. The recognition provides studios with marketing ammunition to raise the profile of films.

Disney Brings Club Penguin Game to Apple iPad
AllThingsD
Club Penguin, Disney's multiplayer online game for youngsters, has made the leap to mobile. And it's chipping away at a small barrier on Apple's App Store, to boot. Club Penguin is one of the first that Apple has given the OK to use recurring subscription payments.

Martha Stewart Cuts 70 Staffers After Hiring CEO
Wall Street Journal
Martha Stewart Living Omnimedia is said to be laying off 70 employees, or around 14% of its staff. The move comes less than two months after hiring Daniel Dienst, a veteran turnaround expert, as CEO. The company has been seeing declines in its TV and magazine businesses.

Cox Enterprises Names Dyer New President, CEO
Atlanta Business
Cox Enterprises has named John Dyer president and CEO. He takes the reins on Jan. 1, replacing retiring CEO Jimmy Hayes. Dyer, a 36-year veteran of the Atlanta-based media giant, recently was COO. He previously was CFO and led a realignment of Cox's executive team.

Time Warner, Miramax in Dispute Over 'The Hobbit'
CNNMoney
Miramax has filed a lawsuit in a New York state court claiming Warner Bros. owes them proceeds from two forthcoming movies in the Hobbit trilogy, including the one opening this weekend. The dispute centers on a 1998 deal over the movie rights to J.R.R. Tolkien's books.

Liberty Global Circles Dutch Broadband Provider
Bloomberg
Liberty Global has revived talks to acquire Dutch broadband provider Ziggo. A bid by the cable company controlled by billionaire John Malone could come before the end of the year. Ziggo this year rejected a full takeover bid from Liberty as inadequate.

Sony Former CEO Stringer Joins Board of BBC
World Screen
Howard Stringer, former chairman and CEO of Sony, has been named a non-executive director on the board of the BBC. Stringer has been appointed for a three-year term. Also among the changes, the BBC will cut the number of pan-BBC management boards by at least 60%.

Time Warner: HBO Does Not Compete with Netflix
TheWrap
Netflix and HBO are complementary not competitive, according to Jeff Bewkes. "The viewing of HBO in Netflix homes is higher than your average home," said the CEO of HBO owner Time Warner. Interest in Netflix is higher in homes that subscribe to HBO, he added.

Murdoch's Tweets to Become Greeting Card Series
Businessweek
Rupert Murdoch's output on Twitter has been the gift that keeps on giving for media reporters. Now, just in time for the holiday season, the media mogul's Twitter musings have been converted into the perfect stocking stuffer for journalists — a set of greeting cards.

Vice Media Acquires Digital Agency Carrot Creative
New York Times
Vice Media has acquired Carrot Creative, a digital agency that creates apps, websites and games. The deal is said to be valued at $15 million to $20 million. In its new home, Carrot will experiment with ways to distribute Vice editorial content and partner brands.

Simulmedia Web-Like TV Ad Firm Raises $25 Million
Crain's New York
Simulmedia, a Manhattan-based company that aims to make TV advertising more like web advertising, with the ability to target specific audiences, has raised $25 million from A-list investors including a new fund led by Dick Parsons and Ron Lauder.

Disney Welcomes TV Packages for Broadband
New York Post
Disney CFO Jay Rasulo said he would welcome the prospect of a virtual cable operator as another outlet to sell the "package" of Disney channels. Still, the Disney boss mounted a strong defense for the current TV system, which sees his company take a big slice of fees.

21st Century Fox: A La Carte Cable TV a 'Farce'
Multichannel News
Chase Carey, COO of 21st Century Fox, has said out loud what most programming execs have been thinking regarding the continued enthusiasm for a la carte offerings on the part of legislators, distributors and consumer groups. "It's a farce. A la carte isn't the answer."

Comcast, Tennis Channel Fight in Supreme Court
Philadelphia Inquirer
Tennis Channel has asked the U.S. Supreme Court to take up the legal question of whether Comcast should make the 24-hour sports network available to nearly all of the cable giant's TV subscribers. At stake is millions of dollars in revenue for Tennis Channel.

CBS Predicts Extension of Ad Payment Windows
Los Angeles Times
As TV viewers increasingly watch shows days after they first air, broadcasters are trying to get paid for more of those views. According to CBS chief Les Moonves, advertisers are willing to pay for audience members who watch via DVRs, VOD and online streaming.

Discovery Mulls Bid for Owner of Food Network
Variety
Discovery is said to be mulling a bid for Scripps Networks Interactive, parent company of Food Network, HGTV and Travel Channel. SNI's holdings would be a natural fit with Discovery's suite of lifestyle cable networks, which include TLC, Animal Planet and OWN.

Redbox Chief to Depart as Owner Cuts 251 Jobs
Reuters
Outerwall said the president of its Redbox video rental kiosks division had left the company after just over a year and that it would cut 251 jobs. No reason was given for Anne Saunders' exit. Redbox, which competes mainly with Netflix, contributes 80% to Outerwall's revenue.

Viacom CEO Predicts Launch of Virtual Pay TV
Hollywood Reporter
Viacom CEO Philippe Dauman drew gasps at an investor conference when he predicted that 2014 could see the launch of a virtual pay TV operator. Intel, Sony, Apple and other tech firms are believed to have looked at launching such a broadband-based service.

CBS Says Viewers Are Embracing New Platforms
Los Angeles Times
CBS has seen online viewing of its programming grow by 40% this season, further proof that more people are embracing watching content platforms other than the TV set. The growth of streaming is giving "the elusive younger audience" access to CBS programming.

Time Warner Cable CEO Open to Offering Netflix
TheVerge
Rob Marcus, who will become CEO of Time Warner Cable in January, said he is open to the possibility of adding Netflix to set-top boxes. "There is the other question of whether or not we ought to make some of these online services available. That's an interesting concept."

Discovery CEO: TV Business Models Remain Fine
Broadcasting & Cable
Discovery CEO David Zaslav said that behavioral changes by viewers haven't yet affected the core business models of the TV business. "This is a better time to be in the cable business than ever before." Revenues from TV Everywhere, however, are "difficult to break out."

Meredith CEO On the Hunt for More TV Stations
Reuters
Meredith plans to aggressively grow its local TV station group through acquisitions that could eventually lead to a spinoff, according to CEO Stephen Lacy. "We are putting together a hit-list of properties and working with owners. We are going to stay out of the auction hoopla."

Scripps to Acquire Video News Service Newsy
GigaOM
E.W. Scripps plans to acquire video-journalism-for-hire startup Newsy for $35 million. Newsy has made a name for itself by producing news videos for websites like the Huffington Post, Mashable and Microsoft, essentially providing a broadcast news team on commission.

Viacom in Deal to Stream TV Programs in China
Associated Press
"SpongeBob SquarePants" and other Nickelodeon children's programs will be dubbed into Mandarin and available to watch free online in China over the next 12 months in the latest deal to give a foreign entertainment company more access to China's vast market.

Disney Secures Rights for Future 'Indiana Jones'
Reuters
Disney has gained marketing and distribution rights for any future "Indiana Jones" films under a deal with Viacom's Paramount Pictures, the studio that released the first four movies in the blockbuster franchise. Paramount will retain distribution rights to the original four films.

Lions Gate's 'Hunger Games' Toppled by Disney
Bloomberg
"Frozen," the animated film from Disney, placed first in U.S. and Canadian theaters, collecting $31.6 million in weekend ticket sales and toppling "The Hunger Games: Catching Fire" after two weeks as No. 1. "Frozen" moved up to the top spot in its second weekend of wide release.

Comcast Touts Movie Store as Top Digital Seller
TheVerge
Comcast's new Xfinity On Demand store is a success so far, at least according to one metric. "Despicable Me 2" became available for sale on Nov. 26, and Comcast said that its store was the No. 1 purchase destination during that first week of availability.

Disney Plans to Keep Youngsters Hooked on TV
CNBC
Disney aims to embrace the "second screen" and win children over at an earlier age. It introduced an animated series, "Sheriff Callie's Wild West," under its Disney Junior brand. But instead of launching on TV, the first episodes were available through an app and a related website.

Viacom Unit Names Leader for Mobile Licensing
Fox Business
Viacom International Media Networks, a division of media giant Viacom, has named Oliver Nitz SVP of mobile brand licensing. Nitz will focus on identifying and building new partnerships in the mobile arena. He will also lead local mobile brand licensing teams across Europe.

Disney Boosts Annual Dividend After Record Profit
Bloomberg
Disney has raised its annual dividend by 15% to 86 cents a share, the fourth straight yearly increase after posting record sales and profit. The dividend will be payable on Jan. 16 to holders of record at the close of business on Dec. 16, the company said in a statement.

Viacom Merges Ad Staff to Sell Across Platforms
Broadcasting & Cable
Viacom said it has merged the TV, digital and mobile ad sales teams at its music and entertainment networks. "The lines among TV, online and mobile aren't just blurring — they've been erased in terms of how our audiences consume and experience content," said exec Jeff Lucas.

Viacom-CBS Chief Gives $20 Million to Film, TV Fund
Los Angeles Times
The Sumner M. Redstone Charitable Foundation has made a $20 million gift to the Motion Picture & Television Fund, a nonprofit group that provides healthcare and social services to entertainment industry workers. "I am proud to support the MPTF," said Redstone.

Disney's Chicago Birthplace to Become a Museum
New York Times
Dina Benadon and Brent Young, a married couple from Los Angeles who own Super 78 Studios, a firm that designs theme-park attractions, have bought Walt Disney's Chicago birthplace. Super 78 plans to restore the house and "recreate the Disney household life experience."

Pearson Buys Brazilian Language Firm Grupo Multi
AFP
Pearson, owner of the Financial Times newspaper, has agreed to buy Grupo Multi, a leading adult English language training firm in Brazil. The acquisition comes as Brazil prepares to host high-profile global events including the World Cup and the Olympics.

Hearst Buys Majority Stake in Homecare Homebase
Wall Street Journal
Hearst plans to acquire a majority stake in Homecare Homebase, the company's latest move into health related businesses. Homecare Homebase is a software firm that specializes in cloud computing services for hospices and in-home medical care providers.

Sony, Fox Test Ads in Yahoo's Tumblr Mobile Apps
Variety
Sony Pictures and 20th Century Fox are testing sponsored posts in Yahoo's Tumblr mobile apps, as the film studios look to drive buzz for upcoming releases with ads placed in a listing of the site’s most-popular blogs. Yahoo acquired Tumblr for $1.1 billion in May.

Disney's 'Star Wars' Makes Its Debut on Instagram
TheVerge
"Star Wars: Episode VII" is still two years away, but Disney isn't wasting time in ramping up marketing for the anticipated film. An official "Star Wars" Instagram account has popped up, and its first photo is all too appropriate for the medium: a selfie of Darth Vader.

Media Person of the Year: Bezos Seen in the Lead
New York Post
Jeff Bezos is said to be leading the pack on who will be named Media Person of the Year. The voting begins Monday. IWantMedia.com, which has run the online contest for 12 years, said the winner should be the most memorable figure — good or bad — in the media industry.

Media Execs Bullish on Deals in 2014, Survey Says
Hollywood Reporter
Media and entertainment execs have turned bullish on the economic outlook and expect more merger and acquisition activity, according to an EY survey. Heading into 2014, sector companies from around the world are optimistic about the global economy and expect growth.

Chernin Acquires Anime Streaming Site Crunchyroll
Reuters
The Chernin Group, former News Corp. president Peter Chernin's holding company, has acquired majority control of Japanese anime streaming service Crunchyroll, expanding holdings that include stakes in online video firm Fullscreen and mobile entertainment network Scopely.

Fox's Murdoch Ex-Wife Wrote of 'Feelings' for Blair
Daily Mail
A note said to be written by Rupert Murdoch's ex-wife Wendi Deng revealed she had a "crush" on Tony Blair. The note reportedly was written before Murdoch filed for divorce when he discovered Deng had spent weekends with Blair at the media tycoon's homes.

AMC Movie Theater Chain Seeks $368 Million in IPO
Bloomberg
AMC Entertainment Holdings, the U.S. movie chain controlled by China’s richest man, plans to raise as much as $368 million in an initial public offering. The company, based in Leawood, Kansas, plans to sell 18.4 million shares at $18 to $20 each.

Sony in Talks with U.S. Media Execs to Join Board
New York Post
Sony, under pressure to cut costs and shake up its moribund business, is said to be looking for new blood for its board. The Japanese media and electronics giant reportedly is seeking to add at least one new director and has approached several U.S.-based media execs.

Disney, Lionsgate Films Break Box Office Records
Associated Press
"The Hunger Games: Catching Fire" and 3-D animated musical "Frozen" dished up box office records over the Thanksgiving holiday. Lionsgate's sequel earned a prodigious $75 million in its second weekend, while Disney's frosty fete opened with $67 million.

Comcast's 'Fast & Furious' Franchise Won't End
Hollywood Reporter
Universal Pictures and the team behind "Fast & Furious 7" are facing a delay in production after the tragic death of actor Paul Walker, but sources said the movie will not be abandoned entirely. The seventh film in the racing-centric action franchise is slated to hit theaters July 11.

Sony Entertainment 'Has No Need' of Turnaround
Wall Street Journal
Sony Pictures CEO Michael Lynton: "I don't think Sony Pictures is in need of a turnaround. I do think we're in a business that's changing pretty dramatically and whenever you're in a dynamic situation it's important you be responsive to it. ... The motion picture business is mature."

Hollywood Presses Obama on Anti-Piracy Measures
Wall Street Journal
Media execs meeting with President Obama are said to have asked him to ensure copyright protections are enshrined in new trade agreements and help facilitate better relations between Silicon Valley and Hollywood. Obama met with execs including Bob Iger and Les Moonves.

Comcast, Charter Eye Time Warner Cable Breakup
Bloomberg
Comcast and Charter are said to have discussed a joint bid to buy cable rival Time Warner Cable and divvy up its customers. The talks between Comcast and Charter have been preliminary, and a Time Warner Cable breakup is one option amid several under consideration.

21st Century Fox Brings 'Chinese Oscars' to Globe
Businessweek
On Saturday night the stars of the Chinese film industry gathered in Taipei for the Golden Horse Awards. Rupert Murdoch's Star Chinese Movies channel broadcast the awards to the U.S. "SCM is the only network to broadcast the awards event on such a wide global scale."

Comcast-Time Warner Cable Merger Seen Possible
CNET
Comcast is said to be looking to buy Time Warner Cable outright or as part of a deal with Charter. While such a deal would likely be scrutinized by regulators, it still has a chance of passing muster if the companies are willing to make serious concessions, analysts say.

Lions Gate's 'Catching Fire' Breaks Film Records
Rolling Stone
"The Hunger Games: Catching Fire" blazed its way to the top of the weekend box office. Not only did the film's $161 million beat the debut of its 2012 predecessor, "The Hunger Games," it also set a couple of records, including the best November opening ever.

Time Warner Files Plan to Spin Off Magazine Unit
Bloomberg
Time Warner has filed to spin off its Time Inc. unit next year, turning the publisher of People, Sports Illustrated and Time into the world's largest public magazine company. Separating the unit will shield Time Warner's more lucrative assets from publishing industry struggles.

Time Warner Cable Takeover Bid Eyed by Charter
Wall Street Journal
Charter Communications is said to be near an agreement with banks to borrow money for a bid for Time Warner Cable. A merger of Time Warner Cable and Charter could spark a fresh wave of consolidation in the cable-TV industry, which has been steadily losing TV subscribers.

IAC's Diller Offers His Outlook for Media Industry
Businessweek
Barry Diller: "In the short sweep of time — say, three to five years — this digital revolution we've been undergoing for 18 years is becoming the way of our lives. We now have Internet fluency among more people, and you have the kind of innovation that is the mandate of digital life."

PwC Sees Boost in Media, Entertainment Deals
World Screen
Continued demand by consumers to access content anywhere and anytime will help drive deal activity in U.S. media, according to a new report from PwC. "Changes in the way consumers access content and the growth in smart devices" will propel "a mobile data tsunami."

Fox's Murdoch Said in 'Feud' with Blair Over Deng
Daily Mail
Relations between Rupert Murdoch and Tony Blair have "collapsed" over reports of the former prime minister's friendship with the media mogul's ex-wife, Wendi Deng. Murdoch is said to regard the rift with Blair as "terminal" and has refused to speak to him since his divorce filing.

Sony to Make Fewer Movies in Major Shift to TV
Reuters
Sony said it will produce fewer films as the company makes a shift from motion pictures to higher-margin television production and to operating TV channels. The declaration came after investor Daniel Loeb called on Sony to spin off a portion of its entertainment business.

Time Warner CEO Bewkes, Wife Said to Divorce
New York Post
Time Warner CEO Jeff Bewkes and his wife, Peggy, are said to be divorcing. Early last summer, the couple mutually agreed to separate after 20 years together. They remain on friendly terms and are thought to be working toward a final divorce settlement.

Warner Bros Wins Copyright Fight Over Superman
Deadline
Warner Bros. appears to finally be free of the last copyright Kryptonite plaguing its ownership of Superman. An appeals court has handed the Time Warner-owned studio a legal win in its battle with the estates of the Man of Steel's co-creators, Jerry Siegel and Joe Shuster.

Fox's James Murdoch Re-Elected to BSkyB Board
Hollywood Reporter
21st Century Fox deputy COO James Murdoch will be keeping his seat on the board of U.K. satellite giant BSkyB after being re-elected at the company's annual shareholder meeting. Chase Carey, president of 21st Century Fox, is also retaining his board seat.

Disney Infinity Adds Princesses After Fan Requests
USA Today
Disney plans to add some of its princesses in the next update of the kids game Disney Infinity. The move will allow players to bring in characters such as Anna and Elsa from "Frozen," which hits theaters Nov. 27. "Female characters were among the top requests."

Comcast: We Reinvent Ourselves Every Few Years
Marketplace
Comcast CEO Brian Roberts: "Technology is changing everything really fast. By probably next year, we will have more broadband connections to people's homes than cable connections. The beauty of this business is, we reinvent ourselves every couple years."

Fox's Murdoch, Wife Reach Settlement in Divorce
Daily News
Rupert Murdoch and Wendi Deng ended their 14 year marriage with a hug and a handshake. It was a cordial conclusion to what had been a big bucks divorce battle between the media mogul and his third wife. The judge said: "I'm glad you were able to resolve these matters amicably."

Vice Media: James Murdoch Lined Up for Director
Evening Standard
James Murdoch is said to be lined up to become a director of Vice Media, in what would be his second significant boardroom job since the phone-hacking scandal. He is believed to have been a driving force behind 21st Century Fox's move to take a stake in the youth media firm.

Clear Channel's Pittman Sees Value in Dissent
New York Times
Bob Pittman: "Often in meetings, I will ask people when we're discussing an idea, 'What did the dissenter say?' Somebody might say, 'Well, everybody's on board.' Then I'll say, 'Well, you guys aren't listening very well, because there's always another point of view."

Viacom Would Fight 'It's a Wonderful Life' Sequel
Associated Press
Paramount won't be giving any wings to a planned "It's a Wonderful Life" sequel. A spokeswoman for the Viacom-owned studio said that Paramount would fight the proposed follow-up to the 1946 holiday classic starring Jimmy Stewart. "No project can proceed without a license."

Comcast's Xfinity TV Store Opens Doors Online
Multichannel News
Comcast has launched the Xfinity TV Store, offering at least 170 movies and seven TV series for sale either via the web or directly through set-top boxes. The movie titles include "The Bourne Legacy and the "Twilight" films. The TV series include "Chicago Fire" and "Mad Men."

Fox's Murdoch to Finalize Divorce with Third Wife
New York Times
Rupert Murdoch and Wendi Deng Murdoch are said to be negotiating the final details of their divorce settlement, a deal that will end the 14-year marriage of the media mogul and his third wife. People close to the Murdochs have described the negotiations as amicable.

Disney Founder's Eldest Daughter Diane Dies at 79
CNN
Diane Disney Miller, the eldest daughter of Walt Disney, has died at 79. "She was her father's daughter, a creative force with the perseverance to follow dreams and make a difference." Miller died in Napa, Calif., the result of injuries sustained in a fall. Funeral services will be private.

Hollywood Studios Facing Upheaval at Top Levels
New York Times
Hollywood studio chiefs and major producers have been fretting about job security amid a rolling industry realignment. Execs describe the current shakiness as being tied to changing technology, ownership changes at major studios and weak business performance.

Sony Pictures Hiring Bain for $100 Million in Cuts
Bloomberg
Sony's entertainment division is said to have hired Bain & Co. to help find $100 million in cost reductions at the film and TV business. The reductions are expected to lead to job losses. Sony CEO Kazuo Hirai will discuss his entertainment strategy at a conference on Thursday.

Fox's James Murdoch Sells 18.5% of His Stake
Dow Jones
James Murdoch, deputy chief operating officer of 21st Century Fox, has sold about 18.5% of his stake in the media company in a transaction valued at $15 million. The stock sale disclosure comes 10 days after 21st Century Fox reported its fiscal first-quarter profit slid 44%.

Comcast's 'Best Man' Nearly Beats Mighty 'Thor'
USA Today
"Thor: The Dark World" squeaked out the win for the second straight weekend at movie theaters. But the story of the weekend was "The Best Man Holiday," a sequel that arrived 14 years after the original and was marketed specifically to African-American women.

Disney Struggles to Make Free Gaming Apps Pay
New York Times
Disney had a hit with "Where's My Water," a smartphone game, but has been less successful with the sequel, using a freemium model of free apps and paid add-ons. "Free-to-play requires a different set of design muscles and all companies are struggling to adapt, Disney included."

Sony Sells 1 Million of PlayStation 4 in 24 Hours
Reuters
Sony has sold 1 million units of its new PlayStation 4 in the first 24 hours that it was available in the United States and Canada. The company is counting on the gaming console to kick-start a revival of its consumer electronics business. "We expect continued enthusiasm."

Comcast to Sell Movies for Download, Streaming
Reuters
Comcast plans to start selling movies for download and streaming through the cable operator's set-top boxes and its Xfinity TV website. The effort, which would offer a new path for Hollywood to generate revenue from films after they leave theaters, could start by year end.

Disney: Apps 'New Normal' for Film Franchises
Variety
Disney has released an app for its animated film "Frozen," enabling young readers to explore the story told in the upcoming toon before its release. The company calls such apps the "new normal," especially as it looks to introduce potential franchises before film openings.

Viacom: Younger Audiences Aren't Fleeing TV
Reuters
Viacom has reported a nearly 9% rise in fiscal fourth-quarter revenue, driven by strong advertising growth and improved ratings at Nickelodeon, MTV, Spike, BET and Comedy Central. The results, analysts say, help alleviate fears "that kids [are] gravitating away from TV."

Sony: Consumers Line Up for New PlayStation 4
USA Today
The consumer quest has begun for the current video game holy grail, the PlayStation 4. Sony's new game console officially goes on sale Friday. Demand for the PS4 and Microsoft's new Xbox One home system, out Nov. 22, is expected to outstrip supply through the holidays.

Time Warner Said Near Deal to Sell Headquarters
Bloomberg
Singapore sovereign wealth fund GIC is said to be part of a group that is buying Time Warner Center in New York City, in a deal worth about $1.3 billion. After selling its space, media giant Time Warner is expected to relocate its headquarters to a new skyscraper.

Comcast's NBCUniversal Takes Control of Sprout
Associated Press
NBCUniversal has taken full control of Sprout, the pay-TV channel for preschoolers that it launched with partners PBS, Sesame Workshop and Hit Entertainment in 2005. PBS' brand will slowly be removed from the network, previously known as PBS Kids Sprout.

Disney Faces ABC 'Kimmel' Controversy in China
Businessweek
Disney can't afford a long fight over a segment on ABC last month in which a little boy told Jimmy Kimmel that the U.S. should fix its financial problems by killing all the people in China. Disney is now preparing to launch a theme park in Shanghai and its biggest-ever store in China.

Fox in Deal to Make Local-Language Films in Asia
Wall Street Journal
Twentieth Century Fox said it entered a co-financing deal with Ivanhoe Pictures to produce movies throughout Asia, expanding the studio's presence in the potentially lucrative market for local-language films. Under the four-year deal, Ivanhoe will invest $130 million.

Disney Names Sole Interactive Chief in Shake-Up
Bloomberg
Disney has named Jimmy Pitaro sole president of its interactive business, assuming duties held by John Pleasants. Disney is merging the games and media operations within interactive as part of the change. Pleasants, who was co-president with Pitaro, will become a consultant.

Comcast Asks 'What's Next' on 50th Anniversary
Philadelphia Inquirer
Comcast marks its 50th anniversary this week, but the media giant isn't looking backward. "Every minute we are celebrating, the Googles of the world are moving forward," said CEO Brian Roberts. "We are thinking about what's next — We are not a cable company anymore."

CBS' Simon & Schuster to Launch Jeter Imprint
CNNMoney
New York Yankees star Derek Jeter has inked a deal to launch his own book imprint with Simon & Schuster. Jeter Publishing will publish adult non-fiction titles, fiction and children's books. It will specialize in sports-related titles, but will also cover pop culture and the arts.

Vice Media Bulks Up on News to Reach Millennials
Wall Street Journal
Vice Media, known for its edgy, youth-oriented online and TV programming, has more than doubled the size of its news operations. Over the past two months, Vice has quietly hired more than 60 journalists, increasing the size of its news team to more than 100.

Martha Stewart, eBay to Launch Online Marketplace
PR Newswire
Martha Stewart Living Omnimedia and eBay have teamed up to launch an online marketplace that will "support artisans and celebrate the handmade." Curated by Stewart and her team, the American Made Market will feature products in craft, food and garden categories.

Disney's 'Thor' Sets Marvel Record at $86 Million
Forbes
Disney's "Thor: The Dark World" earned $86 million over its first weekend, setting an opening record of sorts for Marvel. The superhero sequel pulled in the least front-loaded debut weekend of any Marvel film. Supporting player Tom Hiddleston has become "an Internet heartthrob."

21st Century Fox's Murdoch Is 'Finding Happiness'
USA Today
Rupert Murdoch is said to be telling people he may never have been happier in his life, despite the hacking scandal in Britain. "He tells friends his new romantic interest has been very good for him. And he seems to be making progress on the issue of succession."

Disney's SOAPnet Channel Headed for the Drain
Los Angeles Times
Disney will end programming for soap opera channel SOAPnet on Dec. 31, in favor of Disney Junior, its channel for toddlers. SOAPnet appears to be a casualty of technology. The cable channel made its debut in January 2000, before the ascent of the digital video recorder.

Time Warner Challenged on Parental Leave Policy
New York Times
Josh Levs, father of a new baby girl, is challenging his employer's parental leave policy on the grounds that it discriminates against biological dads. Levs, a reporter at CNN, has filed a charge with the Equal Employment Opportunity Commission against CNN parent Time Warner.

Twitter Market Cap Weighs In Above Time Warner
Financial Times
The massive rise in the price of Twitter shares as it began trading publicly briefly made the company more valuable than heavyweights such as Time Warner and Yahoo. Shares in Twitter opened at $45.10, quickly rising to a peak of $50.09, giving it a market cap of $34.7 billion.

Viacom, Twitter in European Social Media Ad Deal
Hollywood Reporter
Viacom and Twitter have reached a deal with cosmetics company Cosnova that will make it the first firm to launch a social video advertising campaign via Twitter's Amplify platform on a pan-European basis. The deal will kick off with the MTV European Music Awards.

Disney to Create Marvel Heroes Series for Netflix
Dow Jones
Disney has unveiled a deal for multiple live-action series based on four Marvel characters to be shown on Netflix's streaming-video service. "This deal is unparalleled in its scope and size, and reinforces our commitment to deliver Marvel's content across all platforms."

Sony Revival Hinges on Holiday Shopping Season
Bloomberg
Kazuo Hirai's plan to revive Sony's electronics business now hinges on the holiday shopping season. If the release of a new PlayStation game console and a U.S. push for the Xperia Z smartphone don't click, the CEO may have to consider a partial sale of Sony's entertainment assets.

Disney CEO Dismisses Talk of ABC Station Sale
Broadcasting & Cable
Bob Iger has addressed reports that Disney might be exploring a sale of ABC's station group, calling them "complete speculation." The CEO said the stations "have been good assets for us. As long as we are in the network, we'll be in the station business."

Comcast's NBCUniversal Lays Off Ad Employees
Variety
An undetermined number of ad-sales staffers have been let go from NBCUniversal after the company announced a radical restructuring of its efforts in that part of its business. As much as 3.5% of the media conglomerate's ad-sales personnel may have been laid off.

CBS Profit Climbs on Sales to Streaming Outlets
Bloomberg
CBS has reported a 22% increase in third-quarter profit, lifted by sales of shows to streaming services from Netflix and Amazon. CEO Les Moonves is boosting sales by selling streaming rights. "We are on the way to monetizing every eyeball that is watching our content."

Time Warner CEO Sees HBO Growth with Comcast
Reuters
Time Warner's third-quarter profit beat estimates, driven by growth at its cable networks, and its CEO said a new cable package offered by Comcast would help HBO expand its subscriber base. Comcast said in October it would offer a promotion that included HBO.

Fox's Murdoch Says He Wears Computing Device
Sydney Morning Herald
Rupert Murdoch revealed during public remarks that he now wears a Jawbone smart bracelet. "This is a bracelet that keeps track of how I sleep, move and eat — transmitting that information to the cloud," Murdoch said. "It allows me to track and maintain my health much better."

Time Warner's Slim Down Not the End of Big Media
Financial Times
Time Warner has slimmed down to a pure TV and film company. Is this the end of the "big media" era? CEO Jeff Bewkes demurs. "Big media is us," he said. The media giant is exploring a move to a new Manhattan building and will make "a gigantic pile of cash" if it sells its current digs.

21st Century Fox's Murdoch, Ailes Meet with Rand
Politico
Sen. Rand Paul, who has made no secret of exploring a 2016 presidential run, is said to have met privately with 21st Century Fox chief Rupert Murdoch and Fox News head Roger Ailes. The meetings came as the tea party favorite works to smooth concerns about his views.

Dish Network to Shutter U.S. Blockbuster Stores
Associated Press
The final curtain is falling on the remaining Blockbuster video-rental stores. About 300 Blockbuster locations scattered around the country will be closed by early January. As part of Dish Network's retreat, Blockbuster's DVD-by-mail service is also shutting down next month.

Time Warner's Slim Down Not the End of Big Media
Financial Times
Time Warner has slimmed down to a pure TV and film company. Is this the end of the "big media" era? CEO Jeff Bewkes demurs. "Big media is us," he said. The media giant is exploring a move to a new Manhattan building and will make "a gigantic pile of cash" if it sells its current digs.

21st Century Fox Hit by Cable Channel Launches
Wall Street Journal
21st Century Fox's profit fell sharply in the earnings report covering the first quarter since the company was formed from the split from Rupert Murdoch's News Corp. Launching the Fox Sports 1 and FXX channels boosted expenses, leading to a 2% drop in operating income.

Liberty Media Mum on Time Warner Cable Chatter
Variety
Liberty Media CEO Greg Maffei talked up the growth at Sirius XM and Charter Communications during the company's third-quarter earnings call. But Maffei was resolutely mum on the subject of Liberty's potential moves to facilitate a Charter acquisition of Time Warner Cable.

Disney's Marvel Revives Character as Muslim Teen
Associated Press
Marvel Comics plans to bring back Ms. Marvel as a 16-year-old daughter of Pakistani immigrants living in Jersey City. The character — among the first to be a series protagonist who is both female and Muslim — is part of Marvel's efforts to reflect a growing diversity among its readers.

FCC New Chief Taps Media Watchdog for Role
Los Angeles Times
Tom Wheeler, the new chairman of the Federal Communications Commission, has tapped one of the media industry's fiercest watchdogs for a senior role. Gigi Sohn, who has headed the nonprofit advocacy group Public Knowledge for 12 years, is joining Wheeler's staff.

Vice Media Eyes Online, TV Expansion in India
Reuters
Vice Media, the champion of Gonzo-style journalism, wants to expand in India, both online and in TV, helped by recent investor Rupert Murdoch who owns satellite channels there. "We want to get it right in India," said CEO Shane Smith, "and then export that to the rest of the world."

Viacom Studio Offers 'Anchorman 2' Superticket
Wall Street Journal
Paramount Pictures plans to offer the first-ever U.S. "Superticket" on "Anchorman 2: The Legend Continues." Moviegoers will get the chance to pay extra to see the Will Ferrell sequel before its Dec. 20 release. The effort marks another step in Hollywood experimentation.

Lions Gate's 'Game' Hits No 1 Despite Boycotts
USA Today
"Ender's Game" rocketed to an easy win at the box office this weekend. The Harrison Ford sci-fi adaptation collected $28 million, though several organizations announced boycotts protesting anti-gay marriage comments made by the book's author, Orson Scott Card.

Fox's Murdoch Says He Wears Computing Device
Sydney Morning Herald
Rupert Murdoch revealed during public remarks that he now wears a Jawbone smart bracelet. "This is a bracelet that keeps track of how I sleep, move and eat — transmitting that information to the cloud," Murdoch said. "It allows me to track and maintain my health much better."

Hearst Seeks Momentum After Big CEO Handoff
Fortune
CEO Frank Bennack Jr. remade Hearst by pushing into new businesses. Successor Steve Swartz aims keep it going. Today Hearst's assets include stakes in the likes of BuzzFeed. Meanwhile, the company is shedding businesses that underperform. "Nothing is sacrosanct."

Martha Stewart's CEO May Hold Recipe for Sale
Bloomberg
Martha Stewart Living Omnimedia new CEO Daniel Dienst has a track record of dealmaking, stoking speculation he may follow the same recipe with the magazines and home-decor company. "Buyers in the publishing industry may be better equipped to improve profitability."

Houghton Mifflin Seeks Up to $292 Million in IPO
Bloomberg
Houghton Mifflin Harcourt, the educational book publisher backed by hedge-fund manager John Paulson, has planned an initial public offering that may raise as much as $292 million. Boston-based Houghton Mifflin emerged from bankruptcy in June of last year.

Time Warner to Delay Spinoff of Publishing Unit
New York Post
Time Warner CEO Jeff Bewkes is said to be delaying the spinoff of Time Inc. until sometime in the second quarter. Despite the newly announced big changes and rebuilding of some of the depleted executive ranks, there is still much to be done at the publishing operation.

Fox's Murdoch: '21st Century Is About Disruption'
Hollywood Reporter
Rupert Murdoch, in a speech at the Lowy Institute: "The disruptive forces in the world economy are as relentless as they are remorseless. But once we embrace that reality, we can make sure they are rewarding." Murdoch also revealed that he uses the Jawbone e-bracelet.

Time Warner's DC Comics to Leave New York
New York Post
DC Comics — home to Batman and Superman — plans to move its operations from New York City to Warner Bros.'s lot in Burbank, Calif., where it will join the rest of DC Entertainment's movie and TV operations. DC Comics was founded in New York 70 years ago.

Comcast's Universal Is Bright Spot in Earnings
Philadelphia Inquirer
Comcast has reported that third-quarter revenue fell 2.4% because of an unfavorable comparison with the previous year. The company's NBCUniversal had standouts with theme parks and films. As last year, NBC broadcast TV is ranked No. 1 this fall in prime time.

Time Warner Cable Profit Drops on CBS Blackout
Reuters
Time Warner Cable has posted a 34% drop in quarterly profit after it lost more video customers than analysts had expected when it blacked out leading broadcaster CBS for a month. Time Warner lost 304,000 video customers on a net basis in the third quarter.

Sony's Loss Seen as Black Eye for CEO Hirai
Wall Street Journal
Sony's turnaround strategy has been thrown into doubt after it reported a surprise second-quarter loss and cut its full-year profit forecast by 40%. The poor numbers are a black eye for Kazuo Hirai, who came in as CEO last year, vowing to push the company out of its slump.

FCC: Senate Confirms Wheeler as New Chairman
USA Today
The Federal Communications Commission finally has a full roster. The U.S. Senate has confirmed Thomas Wheeler to head the agency. President Obama nominated Wheeler in April after then-FCC chairman Julius Genachowski announced plans to step down.

Liberty Chief's Irish Castle Signals Europe Focus
Bloomberg
Last year, John Malone bought Humewood Castle in Ireland. The move reflects a broader strategic shift for Colorado's cable cowboy. Malone has built a European pay-TV empire that's bigger than any cable operation he ever owned back home — and he's still buying.

Disney Stomps Media Rivals in Social Footprint
Forbes
Disney has the most "shareable" content, according to an analysis of social-media metrics. Football coverage from ESPN and ABC feeds the media company's social engine. Also, Viacom is enjoying big numbers, thanks to Miley Cyrus' performance at the MTV Video Music Awards.

Martha Stewart Appears in Ads for Cough Drops
New York Post
Martha Stewart, with her namesake company struggling, must have figured there was an easier way to make a buck. The domestic diva is lending her voice to a new advertising campaign for Pine Brothers cough drops. Stewart rarely appears in ads for brands she doesn't own.

Comcast Ventures Among Investors in Nextdoor
Multichannel News
Comcast Ventures has participated in a $60-million round of funding in Nextdoor, a private social networking platform for neighborhoods. The round was led by John Doerr and Mary Meeker of Kleiner Perkins Caufield & Byers and Lee Fixel of Tiger Global Management.

Vivendi to Buy Rest of Canal Plus from Lagardere
Wall Street Journal
Vivendi has agreed to pay $1.41 billion to buy out its minority shareholder in Canal Plus, France's biggest pay-TV firm, clarifying the ownership of what is likely to become its biggest division as the company narrows its portfolio to a handful of media businesses.

Martha Stewart Appointment of CEO Signals Cuts
Bloomberg
Martha Stewart Living Omnimedia has named former metals-industry exec Daniel Dienst to lead the company, going outside the media business for a new CEO with operational experience who can reshape the unprofitable company. "He's a restructuring kind of guy."

Viacom's 'Grandpa' Sinks 'Gravity' at Box Office
Associated Press
Apparently astronauts are no match for Jackass. Paramount's "Bad Grandpa" topped the weekend box office with $32 million, according to studio estimates, sinking three-week champ "Gravity" to second place. "Audiences were ready for something out of left field."

Comcast, Time Warner's HBO in Basic Cable Deal
Reuters
Comcast customers will soon be able to buy HBO in a pared-down basic cable package. The deal with Comcast brings the Time Warner premium channel a step closer to being one day outside of a cable subscription. "For HBO this is a test run. They are testing the waters."

Media Industry to Outperform Major Stock Indices
World Screen
The media and entertainment business will outperform major global stock market indices for the first time in five years, according to EY, thanks in part to rising digital revenues. Media companies are growing "by scaling back overhead associated with traditional media."

Chernin Group Leads in Bids for IMG Worldwide
New York Post
Bids for IMG Worldwide are said to have hit $2.7 billion, topping initial expectations. A group headed by Peter Chernin and CVC Capital has recently tendered the highest bid for the sports, fashion and media agency. IMG is said to have a valuation of around $2 billion.

Disney Names Head in India Amid Media Growth
Dow Jones
Disney's managing director in India, Ronniew Screwvala, has decided to step down and will be replaced by Siddharth Roy Kapur, who heads the unit's studio business. The change comes as Disney consolidates its India operations amid a boom in the country's media industry.

News Corp Hacking Trials Delay Murdoch Testimony
Bloomberg
Rupert Murdoch's recall before the British Parliament's culture committee has been delayed by pending trials of his staff for hacking phones and paying bribes. The hearing will be delayed to avoid compromising trials of News Corp. journalists and execs starting next week.

Comcast to Take On Netflix with HBO 'Internet Plus'
DSLReports
Comcast is said to be preparing a new broadband and HBO streaming bundle aimed squarely at Netflix. The new promotion will be called "Internet Plus," and will include limited basic TV, Comcast's streaming video service StreamPix, 25 Mbps broadband and HBO/HBO GO

Global Media Execs Convene at Abu Dhabi Summit
World Screen
Disney's Andy Bird, Discovery's Mark Hollinger and Internet pioneer Tim Berners-Lee were among the execs who spoke at the Abu Dhabi Media Summit. Disney's Bird weighed in on bite-size media snacking: "Now you can be at the bus stop and you can snack on media."

Sony Hopes Sharable Clips, Extras Aid Movie Buying
Associated Press
Sony's new Vudu Extras+ offering gives people who buy movies on Wal-Mart's online video service Vudu the ability to share clips or pieces of behind-the-scenes footage on Facebook and Twitter. Sony hopes the initiative will prompt more people to buy digital movies.

News Corp Scandal Back in the News as Trial Begins
CJR
Next week, Rebekah Brooks, Rupert Murdoch's former right-hand woman, will go on trial in Britain for bribing public officials, phone hacking and obstruction of justice. Alongside her will be former top Murdoch editor and David Cameron spokesman Andy Coulson.

Disney Shares Reach Record as Media Stocks Gain
Bloomberg
Disney shares rose the most in almost two weeks, reaching an all-time high as investors bet rising fees from pay-TV services will extend gains for media stocks. Disney, Viacom and CBS are benefiting from the fees they charge pay-TV services for their broadcast and cable shows.

Big Media to See Rise in Other Revenue Sources
MediaPost
Major media companies will see continued lower share exposure to national TV advertising revenues in future years — as retransmission, affiliate fees and other revenues steadily climb, according to a report from independent research firm MoffettNathanson.

21st Century Fox Advances in India, Retreats in China
Businessweek
Rupert Murdoch has become a major force in the India's media world, with 21st Century Fox's Star India unit broadcasting over more than 20 channels. But Fox has had no such luck in China, where Murdoch has failed to overcome resistance from regulators wary of foreigners.

Viacom Names Tedone Advertising Sales Exec VP
Broadcasting & Cable
Mike Tedone has been named EVP for national and direct response sales at Viacom media networks music and entertainment. Tedone had been COO of ad sales for the Viacom unit. "Mike is one of the best and most strategic salespeople in our organization."

Martha Stewart, JC Penney Scale Back Partnership
CNNMoney
J.C. Penney has scaled back its partnership with Martha Stewart's company in the face of legal pressure from rival Macy's. The three companies have been locked in a legal battle over Macy's claim that it has exclusive rights to sell certain Martha Stewart products.

News Corp Former Digital Guru Joins AMC Board
Deadline
Jonathan Miller, who served as News Corp.'s chief digital officer from 2009 to 2012, has been named to serve on AMC Networks‘ audit committee. Miller is currently a partner at investment firm Advancit Capital. Before joining News Corp., Miller served as CEO of AOL.

Fox Investors Excluding Murdoch Back Job Split
Bloomberg
21st Century Fox investors not affiliated with Rupert Murdoch and his family have supported a proposal to create an independent chairman of the company by about a 2-1 margin. Murdoch son Lachlan wouldn't have been re-elected to the board without his father's votes.

Disney Mulled Moving ABC to Cable in Aereo Fight
Wall Street Journal
As major broadcasters fight Aereo in court, some have also pondered fighting the video upstart by converting to a cable network. ABC parent Disney privately considered such a move last spring, about the same time 21st Century Fox considered a similar move for Fox.

Time Warner's 'Gravity' Remains a Box Office Force
EW
There's no force strong enough to pull Warner Bros.' "Gravity" back down to Earth. The film, which stars Sandra Bullock and George Clooney, easily maintained its perch atop the box office in its third weekend. "Gravity" is already the 10th highest-grossing film of 2013.

Viacom Veteran Tapped to Run Zee's Veria Living
Los Angeles Times
Indian media giant Zee Group has hired former Viacom exec Eric Sherman as chief executive of Veria Living, its U.S. media unit that focuses on health and wellness content. While at Viacom, Sherman was general manager of several start-up networks including VH1 Classic.

Fox Unit Sells Stake in Chinese Satellite TV Operator
Reuters
U.S. private equity firm TPG Capital will pay $213.73 million for 21st Century Fox-controlled Star Entertainment's remaining stake in Chinese pay-TV firm Phoenix Satellite Television. The move is the next step of Rupert Murdoch's slow exit from Chinese media.

News Corp Digital Exec Clayman Jumps to Vimeo
Los Angeles Times
News Corp. digital strategist Greg Clayman will depart to join the Vimeo online video service as head of audience networks. Clayman had served as publisher of News Corp.'s pioneering tablet publication, the Daily, which was the first daily news product for the iPad.

Martha to Face Kanye, Gwyneth as 'Brand' Rivals
New York
Martha Stewart said she "started this whole category of lifestyle." While Stewart might have a claim to the throne, the list of celebrities cashing in on their cachet is ever-growing. "Gossip Girl's" Blake Lively recently announced plans for a lifestyle brand.

FCC Chief Confirmation Blocked by Senator Cruz
Reuters
Ted Cruz, the Republican senator who helped prompt the U.S. government shutdown, has blocked the Senate from voting on the nomination of Tom Wheeler as chairman of the Federal Communications Commission. Cruz has questions about the FCC and political TV advertising.

Disney Once Again Mulls Sale of Local TV Stations
New York Post
Disney is said to be looking to hire an investment bank to explore a possible sale of its eight owned-and-operated TV stations, a move that could reap billions. Disney's ABC-affiliated stations are in larger markets, including New York, Los Angeles and Chicago.

News Corp Hacking Trial Shrouded in Restrictions
Bloomberg
Former News Corp. exec Rebekah Brooks will soon go on trial in London over hacking scandal changes. Whether she's found guilty or not, the public may not know until next spring. The press could be forbidden from reporting the verdict until all related trials are completed.

New York Times CEO Is Recalled to Parliament
Guardian
Former BBC head Mark Thompson has been recalled to parliament over the broadcaster's failed digital media initiative, which was axed earlier this year after wasting nearly £100 million. Thompson, now New York Times CEO, will be asked whether he misled MPs in 2011.

Time Warner Behind Moves at Europe Broadcaster
Reuters
The CFO of Central European Media Enterprises plans to depart, the latest exit at the money-losing group where major shareholder Time Warner has strengthened its hold. The broadcaster's CEO quit in August and was replaced by two joint CEOs with ties to Time Warner.

Comcast, Verizon End Technology Joint Venture
AllThingsD
Last year, Comcast and Verizon Wireless said they planned to create a joint venture to develop consumer tech products. That joint venture is now dead. Verizon announced the demise, citing "evolving technology and market changes" as the reason for pulling the plug.

Sony's 'Carrie' Gets an Update for the Digital Age
Associated Press
In the new take on "Carrie," the supernatural coming-of-age story out Friday, some of beleaguered high-school student Carrie White's torment takes place online, one of a few updates dropped into filmmaker Kimberly Peirce's reimagining of the 1974 novel by Stephen King.

Hearst Names Two Execs to Oversee Entertainment
Broadcasting & Cable
Hearst has named Neeraj Khemlani and George Kliavkoff as co-presidents of its Hearst Entertainment & Syndication division. Both execs will continue in their current management roles, with Kliavkoff running Hearst Ventures and Khemlani in charge of Hearst's digital studios.

Diller: Aereo Provides Broadcast TV for Everyone
Broadcasting & Cable
Barry Diller was the first honoree to speak at the annual Giants of Broadcasting event: "I get this honor when many people in this room are suing me," he remarked, referring to Aereo, the firm backed by his company IAC, and its legal battles with broadcasters.

Tech, Media Moguls in Vanity Fair Photo Spread
Vanity Fair
Yahoo's Marissa Mayer isn't the only tech titan turning up in a magazine photo spread. Vanity Fair has published a "power portfolio" of media and tech figures — Jeff Bezos, Bob Iger, Melinda Gates, Les Moonves, Jack Dorsey — from July's Sun Valley powwow.

NBCUniversal: 'Fifty Shades' Fiasco Is Hot Topic
Associated Press
NBCUniversal employees have been told the recasting of Christian Grey in the company's film version of the best-seller "Fifty Shades of Grey" will be finalized in the next few weeks. "Fifty Shades" was said to be the hot topic in a company-wide "town hall" meeting.

Liberty Global Takeover Offer for Ziggo Nets Zippo
Denver Business
Liberty Global's preliminary takeover bid for Dutch cable TV operator Ziggo has been rejected, and it is unclear whether John Malone's cable company will try again. "The potential offer was considered inadequate," Ziggo said. Liberty already owns about 12.5% of Ziggo.

Time Warner Cable Brings Ovation Back to Lineup
Wall Street Journal
Time Warner Cable said it plans to restore Ovation to its lineup 10 months after dropping the independent arts channel amid a push by the cable operator to discard poorly rated channels. Ovation said it has "significantly increased its original programming."

Disney Celebrates 90th Year with Exhibit in Chicago
ABC7
An exhibition of 300 artifacts from 90 years of Disney history has opened at the Museum of Science and Industry in Chicago. The exhibit showcases "the accomplishments of Chicago native Walt Disney and the ongoing legacy of the company that bears his name."

Murdoch to Be Featured in BBC Film on World War I
Independent
Rupert Murdoch's father will appear as a pivotal character in a BBC film that will tell the tragedy of Gallipoli, one of the most important programs in the broadcaster's coverage of the centenary of World War I. The media mogul discusses his late father in the film.

21st Century Fox's Murdoch Pressured to Split Roles
Bloomberg
Rupert Murdoch's positions as chairman and CEO of 21st Century Fox should be split, shareholder-advisory firm Glass, Lewis & Co. said in support of an investor resolution. The resolution will be voted on at the media giant's shareholder meeting on Friday.

Disney Warns Shareholders of Lowball Stock Offer
Hollywood Reporter
Disney is the latest to be targeted by TRC Capital, an investment group that has made a habit out of what is known as a "mini-tender offer." TRC is offering Disney shareholders $61 a share, which is $5 below its current market value. The Mouse House doesn't like this.

Time Warner Said in Talks to Relocate Headquarters
Bloomberg
Related Cos. has received approval for a $328 million exemption from New York City taxes for the construction of an 80-story skyscraper at its Hudson Yards development on Manhattan's west side. Time Warner is said to be in talks to relocate its headquarters to the development.

Comcast Invests In Personalized Video Ad Company
TechCrunch
SundaySky, a company promising to deliver video advertising that is customized and updated for each viewer, has raised $20 million in new funding. The round was led by Comcast Ventures, with participation from new investors including Liberty Global Ventures.

Disney's Marvel Eyes Netflix, Amazon for Projects
Deadline
Marvel is said to be quietly putting together a package of four drama series and a miniseries — a total of some 60 episodes — that would be taken out to the video-on-demand and cable space, with Netflix, Amazon and WGN America rumored as potential candidates.

Murdoch Calls for Google, Schmidt to Be 'Exposed'
CNET
Rupert Murdoch has tweeted: "Please expose Eric Schmidt, Google etc. Just wait!" There is so little here, and yet so much. First, what secrets can possibly be hidden by the always open government of Google? And what dark insinuations are being proposed here?

21st Century Fox Promotes Corporate PR Execs
Variety
21st Century Fox corporate communications execs Dan Berger and Nathaniel Brown have been promoted to SVP rank. Julie Henderson, EVP and chief communications officer, called the pair "incredibly talented communications execs" in announcing the promotions.

Vice Media: 'We're the Time Warner of the Street'
Fortune
Vice Media CEO Shane Smith has described his irreverent digital media company as the "Time Warner of the street." Time Warner "is a media conglomerate that does magazines, TV, movies, music, books," he said. "And so are we. We are the changing of the guard."

Comcast May Take Hit from 'Fifty Shades' Change
TheStreet
The lead actor in the "Fifty Shades of Grey" movie has backed out, leaving a gaping hole for the production team to fill and a problem for Comcast's Universal Pictures. Filming was scheduled to begin next month, with an official trailer to be aired during the Super Bowl.

Sony, Netflix in Production Deal for Original Series
Wall Street Journal
Sony Pictures Television will become the first big Hollywood studio to produce a new TV show for Netflix. Sony's TV studio said it will begin production early next year on a psychological thriller for Netflix from the creators of the FX legal drama "Damages."

Time Warner's 'Gravity' Still a Force at Box Office
EW
"Gravity," the Warner Bros. outer-space thriller, remained the No. 1 film at U.S. and Canadian theaters in its second week of release. A whopping 84% of the yield came from 3-D showings and 20% from IMAX, proving moviegoers are willing to pay the surcharges.

21st Century Fox Buys Rights to German Soccer
Bloomberg
21st Century Fox has signed a multiyear agreement to air German Bundesliga soccer games to viewers in Asia, Europe and the Americas. The agreement starts with the 2015-2016 season and includes rights to all 306 matches each year. The deals cover 80 countries.

Hearst Finance, Administration Chief Doerfler Dies
Fairfield Citizen
Ronald Doerfler, Hearst director, trustee and SVP of finance and administration, died Friday after a brief hospitalization. Doerfler had responsibility for Hearst's finance and accounting activities, and oversaw the company's New York real estate holdings.

Liberty Chief: Cable Should Create a Netflix Killer
Reuters
U.S. cable companies should team up to create a rival to Netflix that would deliver programming over the Internet, said Liberty Media chief John Malone. Cable companies could "solve the problem" of high programming costs by acquiring content for an Internet-based service.

Comcast, Twitter in Deal to Stream NBC Shows
USA Today
Comcast has struck a deal with Twitter to bring some NBCUniversal programs to TV subscribers via tweets. TV subscribers will need to log in to their pay-TV accounts in order to access the shows. The new feature, dubbed See It, is scheduled to launch in November.

Viacom: No One Can Stop Talking About Miley
Viacom.Blog
More than a month after her "notorious" performance at the MTV Video Music Awards, Miley Cyrus is still in the headlines, observed a post on the corporate blog of parent Viacom. The "Miley: The Movement" documentary "continues to premiere on MTV channels around the world."

Disney's Touchscreen Lets Users Feel Textures
Washington Post
Disney may be at work on its most game-changing invention yet — flat touchscreens that let you feel the shape and texture of pictured objects. The media giant's engineers have developed an early version of a technology referred to as "tactile rendering of 3D features."

Media, Tech Stocks Hit After Warning by Obama
Deadline
President Obama has warned that the economy could face a "deep recession" unless lawmakers agree to raise the debt ceiling soon. Investors seemed to agree, as media and tech stocks took a hit. Sony was hardest hit among big media, followed by CBS, Viacom and Fox.

Viacom, Twitter Announce Amplify Partnership
The Drum
Viacom has announced a partnership which will see it deliver social video advertisements for its channels via Twitter Amplify. The collaboration will start at the 2013 MTV Europe Music Awards in November, and will provide followers of Viacom's channels with video extras.

Disney Stops Stock Certificates in Blow to Fans
Bloomberg
Disney plans to stop issuing stock certificates, delivering shares only in electronic form, in a blow to collectors of the documents featuring drawings of Bambi and Mickey Mouse. The change will shrink the supply for websites pitching the items as a way to interest children in investing.

Fox Shareholders Urged to Vote Against Murdoch
Reuters
Proxy advisory group ISS has urged 21st Century Fox shareholders to vote against the reelection of chairman Rupert Murdoch at the company's annual meeting, criticizing the adoption of a poison pill. It also urged voting against James and Lachlan Murdoch, Chase Carey and others.

Sony's 'Carrie' Prank in Coffee Shop Goes Viral
Hollywood Reporter
"Carrie" is getting a 2013 makeover — and that, apparently, includes a promotional viral video. In a hidden-camera prank masterminded by Sony, an actress appears to use telekinetic powers to exact revenge on a clumsy coffee drinker. The video was uploaded to YouTube on Monday.

DreamWorks CEO Sees Netflix as Patron Saint
Bloomberg
DreamWorks Animation sees its agreement to provide content to Netflix as redefining the company. The streaming service is "our patron saint," said CEO Jeffrey Katzenberg. "There's not a minute of the day that I don't think about how we can exceed their expectations."

Viacom to Align Logo LGBT Channel with MTV
Multichannel News
Logo general manager Lisa Sherman plans to step down, Viacom exec Van Toffler has announced in an internal memo, adding that the network will become more aligned with MTV. Said Sherman: "MTV will be a great partner to take our community's brand to the next level."

Media M&A Activity Reaches $67.5 Billion in 2013
MediaPost
Media, information, marketing and related technology sectors merged and acquired to the tune of $67.5 billion during the first three quarters in 2013, according to investment banking firm Jordan Edmiston Group. Mobile media and technology deals are expected to increase.

Time Warner's 'Gravity' Sets Box Office Record
USA Today
"Gravity," the sci-fi thriller starring George Clooney and Sandra Bullock, collected $55.6 million at U.S. and Canadian theaters, taking first place in its debut and setting a record opening for October. The film's special effects won raves. "The real question is how high it can go."

Vivendi Chief to Retire Amid Transition to Media
Bloomberg
Jean-Rene Fourtou plans to retire as chairman of Vivendi after he is done overseeing a split of the French telecommunications-to-media giant. "I want to leave Vivendi in a stronger position," said Fourtou, 74. Vivendi will seek a new CEO for its future media division, he added.

U.S. Media Mergers On Hold as FCC Shuts Down
Wall Street Journal
The Federal Communications Commission, among the agencies affected by the U.S. government shutdown, has suspended the informal 180-day time clock for reviewing transactions. The FCC is in the midst of reviewing some of the year's biggest broadcast mergers.

Viacom's Paramount Studio to Eliminate 110 Jobs
Bloomberg
Viacom's Paramount Pictures plans to eliminate 110 jobs across several departments, citing a competitive climate for moviemaking. "We are confident that these changes will allow us to capitalize on opportunities in the global entertainment market," the company said.

MGM 'Raging Bull' Fight Heads to Supreme Court
Associated Press
The daughter of the man whose work was the basis of the Oscar-winning movie "Raging Bull" hopes the U.S. Supreme Court will give her a final TKO against movie studio MGM for ownership of boxer Jake LaMotta's life story. The high court has agreed to hear an appeal.

Liberty's Malone Tops Largest U.S. Landowner List
CNBC
John Malone has once again topped the list of America's 100 largest individual landowners, according to the Land Report 100. The cable titan, with 2.2 million acres, added to his holdings this year. CNN founder Ted Turner ranked second again with 2 million acres.

Disney-Dish Renewal Talks Hinge on Ad Skipping
Bloomberg
Disney's contract renewal talks with Dish Network are said to be hung up on Dish's ad-skipping technology and terms for two new Disney cable channels. Disney and Dish are believed to be giving themselves one to two days beyond Monday's deadline to hammer out an accord.

Time Warner Cable: Is a Proxy Fight Coming Soon?
Wall Street Journal
Don't be surprised if Time Warner Cable gets ensnared in a proxy fight next spring. Big investors are said to be growing frustrated with the cable operator's management, unhappy both with operational performance and unwillingness to pursue merger approaches.

Comcast Acquires Universal City Tower for NBCU
Los Angeles Times
Comcast has purchased 10 Universal City Plaza, the tallest office building in the San Fernando Valley, for its NBCUniversal division. NBCU is the largest tenant at the 35-story property, which sold for about $420 million. Comcast could move various NBCU units to the property.

Disney, Viacom Set for Abu Dhabi Media Summit
Hollywood Reporter
Execs from Disney, Viacom, Twitter and Google are slated to speak at this year's Abu Dhabi Media Summit. The fourth annual gathering of industry leaders will have the theme "Levering the Digital Age." Past speakers have included Rupert Murdoch and Eric Schmidt.

Viacom Takes Control for Relaunch of MTV Russia
Moscow Times
Viacom plans to relaunch MTV on Russian cable and satellite networks, part of a strategy to focus on a market that promises growing audiences. The channel stopped broadcasting a year ago, due to declining viewership. The reborn MTV will be "completely different."

Time Warner's Turner in Verizon Distribution Pact
Dow Jones
Turner Broadcasting has reached a long-term agreement with Verizon FiOS for carriage of its cable networks. It is the second major distribution deal parent company Time Warner has secured in recent months as it ramps up the fees it collects from pay-TV providers.

Disney Avoids ESPN Blackout on Dish in Extension
Denver Post
Disney and Dish Network have agreed to a short-term deal extension that will see ESPN and other channels owned by the media giant continue to be carried by the satellite-TV provider. The deal was announced just hours before the contract between the two was set to expire.

Viacom CEO Bullish, Thanks to New Digital Media
CNBC
Viacom's youth-oriented audience is spending more time on Facebook, Twitter and Instagram — but CEO Philippe Dauman sees the social and mobile sites not as rivals but as helpers. "Our audiences are living on their devices and they also live watching TV."

Time Warner Film Unit Wins $450 Million in Funding
Los Angeles Times
Warner Bros. Pictures has entered a $450 million film financing deal with RatPac-Dune Entertainment, a new entity formed by Dune Entertainment's Steven Mnuchin and RatPac Entertainment, the film finance vehicle of filmmaker Brett Ratner and Australia's James Packer.

Comcast Eyes Bid for Sports Network in Houston
Reuters
Comcast is prepared to bid if it can force a sale of the financially troubled, regional-sports network that carries Houston Astros baseball and Houston Rockets basketball, according to court papers. Comcast "believes the network's assets have meaningful value."

Sony's 'Meatballs 2' Hits No 1 Amid Studio Turmoil
Bloomberg
"Cloudy With a Chance of Meatballs 2," the animated sequel from Sony, took first place at the U.S. and Canadian box office in its weekend debut. Sony Pictures removed its head of marketing last week following criticism of the performance of its entertainment division.

FCC May Prevent Big Media From Getting Bigger
The Hill
Big media could be affected if the U.S. Federal Communications Commission goes forward with a plan it has outlined. The regulator is considering changing the way it measures media ownership "to ensure its rules reflect the current state of TV broadcasting technology."

Comcast Must Relocate Bloomberg TV, FCC Says
Bloomberg
Comcast must carry Bloomberg Television, a competitor to the cable company's CNBC, near other news channels, the Federal Communications Commission has said. The FCC's decision promotes "the availability to the public of diverse sources of news," said Bloomberg TV.

Fox's Murdoch Named Sky Deutschland Board Chief
Reuters
German pay-TV broadcaster Sky Deutschland has named News Corp.'s James Murdoch as chairman of its supervisory board, promoting him after just five months on the board. Murdoch is deputy COO of 21st Century Fox and son of media magnate Rupert Murdoch.

Dish Network Shareholders Accuse Chief of Scheme
Law360
Dish Network head Charlie Ergen has been hit with a shareholder lawsuit accusing him of using an investment vehicle to quietly purchase debt from a bankrupt company for his own financial gain. Ergen purchased $1 billion of debt belonging to bankrupt LightSquared in April.

Martha's Tweets About Broken iPad Upsets Apple PR
Business Insider
Martha Stewart took to Twitter to complain about how her iPad cracked when she dropped it. "I am still waiting for an Apple rep to come pick up my iPad," she tweeted. She later followed up: "I cannot believe that Apple public relations is mad at me for tweeting!"

Disney Eyes Move Into Original Streaming Content
LA Biz
Netflix's original content may have lost out to cable TV programming at the Emmys, but the video service's presence at the party didn't go unnoticed. Disney CEO Bob Iger said that his company may produce original content for the service, as well as other streaming content providers.

Time Warner Open to Bundling HBO with Broadband
Deadline
Time Warner CEO Jeff Bewkes said he would be receptive to helping a broadband-only product from a cable company. A cable-provided broadband arrangement with HBO would "make it an offer you can’t refuse," he added. "We see growth for HBO in that."

Liberty's Malone Still Pursuing Time Warner Cable
Bloomberg
John Malone, the largest investor in Charter Communications, is still aiming to convince Time Warner Cable that teaming up is in both companies' best interests. Consolidation makes sense because cable operators need to stay competitive with satellite-TV companies, he said.

Belo Shareholders Approve TV Deal with Gannett
USA Today
Shares of Gannett jumped about 4% after the company cleared a major hurdle in its quest to nearly double its TV business. Belo shareholders voted to approve a deal for Gannett to acquire Belo for about $1.5 billion in cash and assume $715 million of the company's debt.

Disney CEO Says Netflix Unlikely to Corner Market
TheStreet
Bob Iger said he likes doing business with Netflix, but the Disney CEO doesn't expect the streaming-media company to ever corner the market. "This is far from over." Nevertheless, he admitted that Netflix plays an increasingly important role in the media industry.

Comcast CFO Sees a 'Monetization Gap' at NBCU
Hollywood Reporter
NBCUniversal still has a "monetization gap," said Comcast CFO Michael Angelakis, who looks at that as a multiyear fix. In 2011, when Comcast took full ownership, NBC was collecting just $4 million a year in retransmission fees, while this year it will collect about $200 million.

Time Warner Cable Willing to Take on Debt for Deal
Bloomberg
Time Warner Cable would consider taking on more debt if it came across an attractive enough merger or acquisition, according to CFO Artie Minson. "If the right opportunity came along and the deal made sense from a return perspective, we would stretch for the right opportunity."

News Corp's Murdoch Won't Return for U.K. Grilling
Financial Times
British parliament members have dropped their call for Rupert Murdoch to appear before a committee this fall. The committee decided to withdraw its summons following advice that Murdoch's appearance risked prejudicing the phone hacking trials slated to begin next month.

Sony Pictures Leaders Pushed to Shake Up Studio
New York Post
Michael Lynton, chairman and CEO of Sony Pictures Entertainment, and co-chairwoman Amy Pascal are feeling the pressure from Sony brass along with outside investors to cut costs and shake up the studio. A number of top Sony execs are headed for the exits, sources said.

Viacom CEO Loses Dispute Against Cybersquatter
Domain Name Wire
Philippe Dauman has lost a dispute for the Internet domain name philippepierredauman.com. The Viacom CEO was unable to convince administrators that he held the rights to the name. The party that registered the domain has apparently tried to extract a ransom.

Disney's Iger Hints of Products for New Platforms
CNBC
Disney is well positioned to exploit the proliferation of new media, said CEO Bob Iger. "I can see in the near future the Walt Disney company creating new products for some of these new platforms directly. Actually using our creative capabilities and our brands to do just that."

Sony Movie Marketing Chief Removed From Role
Bloomberg
Marc Weinstock, head of marketing at Sony's film studio, is said to have been removed following a disappointing run at the box office. Weinstock's duties, including global oversight of movie marketing, will be taken over temporarily by others on staff while a replacement is found.

News Corp Challenges Angelina Jolie Stunt Double
Hollywood Reporter
News Corp. lawyers have been busy in an attempt to defeat the first lawsuit brought in a U.S. court by an alleged victim of the hacking scandal. The company is seeking to dismiss a lawsuit brought by Eunice Huthart, who says she worked as a stunt double for Angelina Jolie.

Time Warner's 'Prisoners' Tops Weekend Box Office
Associated Press
The more adult-oriented fall moviegoing season got off to a strong start over the weekend, as the Hugh Jackman drama "Prisoners" opened with a box office-leading $21.4 million. The Warner Bros. thriller is among the first fall films with Oscar aspirations to open in theaters.

Disney Rethinks 'Tentpoles' Fearing Box Office Duds
Businessweek
The long and profitable partnership between Disney and producer Jerry Bruckheimer will end next year as the studio focuses on its franchise films and aims to limit financial risks from flops. One of Disney's big failures this summer was Bruckheimer's "The Lone Ranger."

DreamWorks 'Fifth Estate' Script Leaked by WikiLeaks
Associated Press
WikiLeaks has posted the script to "The Fifth Estate" and made a forceful denunciation of the film about the website's creation and founder Julian Assange. The whistleblower site posted a memo calling the DreamWorks movie "irresponsible, counterproductive and harmful."

News Corp: Murdoch Succession Eyed in New Book
Sydney Morning Herald
James Murdoch was once a shoo-in as Rupert Murdoch's heir apparent, but that may no longer be the case, according to the new book "Breaking News: Sex, Lies and the Murdoch Succession," by Paul Barry. "James is smart but not as smart as he thinks he is."

Liberty, 21st Century Fox Execs Bullish on Pay TV
Digital TV Europe
"Cord cutting" is an exaggerated phenomenon, according to Liberty Global CEO Mike Fries. People are consuming more TV than ever before, added 21st Century Fox deputy COO James Murdoch. "We are seeing more innovation than we have ever seen in the pay TV universe."

Time Warner Upgraded as 'Lean, Mean TV Machine'
Hollywood Reporter
Morgan Stanley's Benjamin Swinburne has upgraded his rating on the stock of Time Warner, calling the company "a lean, mean TV machine." But the analyst downgraded his rating on Disney shares, saying the firm's traditional premium stock price is "no longer a given."

Disney to End Deal with 'Pirates' Franchise Producer
Reuters
Disney and Jerry Bruckheimer, the producer behind the blockbuster "Pirates of the Caribbean" franchise and the summer flop "The Lone Ranger," plan to end their long-running film deal next year. Disney projected it will lose up to $190 million on "The Lone Ranger."

Univision in Talks with Banks About Possible IPO
Reuters
Univision has in recent weeks held discussions with banks about an initial public offering, as strong stock markets encourage private equity owners to seek exits for their portfolio companies. The U.S. Spanish-language broadcaster was taken private in March 2007.

Liberty's Virgin Media to Cut 600 Management Jobs
Bloomberg
Virgin Media, the U.K. pay-TV operator bought by Liberty Global this year, will cut some 600 mid-to-senior-level jobs to eliminate duplicate roles across the parent company's European business. "Virgin is making sure it has the structure it needs to meet the needs of its customers."

Sony CEO Eyes Products That 'Push the Envelope'
Wall Street Journal
Sony's electronics division is switching to an "offense strategy," promising new products that will "push the envelope," according to CEO Kazuo Hirai. While lower costs and more efficiency are important, "that's not going to move the bar" like a successful new product.

News Corp Officials Face Grilling by U.S. Senator
Express
Rupert Murdoch came under renewed pressure after a leading U.S. senator flew to the U.K. to gather evidence on alleged wrongdoing by his staff. Jay Rockefeller, chairman of the Senate commerce committee, met officials of Murdoch's British newspaper division News UK.

Disney's Shift of Pixar Films Could Hit Earnings
CNBC
Disney's decision to push back the release dates of two Pixar films comes as a surprise and could see some analysts revise their earnings estimate for the mass media powerhouse. Pixar's films tend to turn be blockbusters for Disney, typically grossing around $500 million.

Time Warner Promotes Exec to International Post
Multichannel News
Time Warner has promoted VP of investor relations Doug Shapiro to SVP, international and corporate strategy, succeeding Michael Din, who resigned to become co-CEO of Central European Media Enterprises, the entertainment giant's international broadcasting unit.

Cox, Murdoch Among Media Figures in Forbes 400
Forbes
Anne Cox Chambers, with a net worth of $13.5 billion, and Rupert Murdoch and family, with a net worth of $13.4 billion, are among the top media figures on the new Forbes 400 list of the wealthiest Americans. Facebook's Mark Zuckerberg is said to have a net worth of $19 billion.

Sony to Move Down Madison Avenue After HQ Sale
New York Post
Sony is leaving its recently sold New York headquarters at 550 Madison Avenue and heading south to offices at 11 Madison Avenue, overlooking Madison Square Park. Sony sold its 37-story, Chippendale-topped skyscraper last year to Joseph Chetrit for $1.12 billion.

Disney Buyback Reflects Strength of Media Stocks
TheStreet
Disney said it will buy back $6 billion to $8 billion of its stock beginning next year, a reflection of the media conglomerate's health. But Disney isn't alone — media company stocks have been energized by steady and nearly unbroken increases in profits and sales.

Redbox Operator Cuts Forecast as Rentals Disappoint
Reuters
The operator of the Redbox video rental kiosks has slashed its third-quarter and full-year earnings forecast as average transaction size fell below its expectations due to higher discounts. The heavy discounting drove consumers toward more single-night rentals.

Take-Two's 'Grand Theft' Poised to Steal $1 Billion
Bloomberg
"Grand Theft Auto V," the video game featuring gangsters swimming with sharks, is forecast to generate $1 billion in sales in one month, four times the amount Take-Two Interactive spent to make it. The title hits stores today and may top the $900 million debut of its predecessor.

Time Warner Veteran to Run Central European Media
RTTNews
Central European Media Enterprises has appointed Christoph Mainusch and Michael Del Nin as co-CEOs. Mainusch has 16 years of experience serving as CEO for media companies; Del Nin has worked as SVP of international and corporate strategy at Time Warner.

Disney Theme Park Fans Demand Higher Standards
Independent
Some 5,000 theme park fans have signed a petition demanding higher standards at Disneyland Paris, amid complaints about poor food, broken rides and a lack of stage shows. The petition was sent to Bob Iger, CEO of Disney, which owns 39.8% of Disneyland Paris.

News Corp's Amplify to Leave No Child Untableted
New York Times Magazine
News Corp.'s Amplify unit plans to bring tablet computers to U.S. schoolchildren, because "K-12 isn't working," according to chief Joel Klein. Education is "ripe for disruption." Amplify is currently developing games that will be offered for sale to schools.

MGM Film Studio Aims to Block Unfriendly Takeovers
Bloomberg
MGM, maker of the James Bond movies, has approved a stock buyback and adopted a shareholder rights plan to thwart any unfriendly takeovers as it considers ways to maximize shareholder value. MGM's gains have attracted investors including billionaire Daniel Loeb.

Time Warner in Movie Deal with 'Harry Potter' Writer
Los Angeles Times
Warner Bros. and "Harry Potter" author J.K. Rowling hope to catch lightning in a bottle again. The Hollywood movie studio and the best-selling writer have unveiled a new agreement to make movies based on Rowling's work. Warner sees a new franchise in "Fantastic Beasts."

Fox-News Corp's Murdoch to Give Think-Tank Talk
Guardian
Rupert Murdoch will return to Sydney to deliver the 10th anniversary Lowy lecture in October, the international policy think tank has announced. The Australian-born media mogul will deliver the lecture at the annual black-tie event. Tickets cost $300 for general admission.

Viacom-CBS Chief Redstone in 'New Baby' Rumors
New York Post
Page Six: "Rumors are sweeping Hollywood that Sumner Redstone has become a father again at age 90. His girlfriend Sydney Holland has appeared at his Beverly Hills home with a bouncing, redheaded baby. One source gossiped, 'Could the baby be Sumner's?' "

Comcast: Buzz Builds on New Philadelphia Tower
Philadelphia Inquirer
Comcast, which runs its growing media empire from Philadelphia's tallest skyscraper, is considering building at least one new tower in the city and is working with the prominent British architect Norman Foster, according to sources in the city's real estate community.

MSG Hires JPMorgan to Shop Fuse Cable Channel
New York Post
Fuse is officially on the auction block. Parent MSG Entertainment has hired JPMorgan to shop the small music cable channel. Far less known than MTV or VH1, Fuse has struggled to stand out from the pack. It has cycled through various managers and programming concepts.

Belo Investors to Vote Against Gannett Takeover
Wall Street Journal
Investor opposition to the terms of Gannett's $1.5 billion takeover offer for TV station-owner Belo is intensifying, two weeks before Belo shareholders are due to vote — putting a spotlight on the question of whether Belo should have put itself up for a broader auction.

Comcast's Universal to Shrink Release Time for Films
New York Post
In a big shakeup, Comcast tapped Jeff Shell to lead its Universal Pictures unit with an eye toward upending the traditional film business, in part by shrinking the release "windows" for movies. "One philosophy is they need to look at windowing and move it" earlier.

Disney Wants Moviegoers to Bring iPads to 'Mermaid'
TheVerge
For this month's re-release of 1989 Disney film "The Little Mermaid," dubbed "Second Screen Live," viewers will be able to bring along their iPads and play games, find "hidden treasure," and do any number of things apart from paying attention to the actual movie.

Vivendi Studies Split Up, Names Bollore Vice Chair
Dow Jones
Vivendi will launch a study on a plan to split into two separate companies, one including its telecommunications arm, and the other its remaining assets such as Universal Music. Also, French industrialist Vincent Bollore will become vice chairman of the company's board.

CBS Outshines Other Major Media Industry Stocks
Bloomberg
CBS, which last week won higher programming fees from Time Warner Cable, is proving to be the best investment among major media companies. "CBS has done one of the best jobs managing the digital transition — people wrongly believed they were dinosaurs."

Time Warner Cable Loses Customers in Blackout
Reuters
Time Warner Cable boss Rob Marcus said the pay-TV operator lost subscribers during its month-long blackout of CBS in three major markets. The absence of CBS and the company's Showtime cable channel "definitely had a subscriber impact." It "increased disconnects."

Charter, Time Warner Cable Merger Seen Probable
Fox Business
Charter could look to acquire privately-held Cox or another target before making a play for Time Warner Cable, according to analysts. An eventual deal between Charter and Time Warner Cable is "looking probable." The industry is widely viewed as prime for consolidation.

Comcast Hires DirecTV Veteran for New Position
Philadelphia Business
Comcast has announced several personnel moves. Among them: Ed Brassel has joined the company as SVP of business intelligence for Comcast Cable, a newly created position. Brassel comes to Comcast from DirecTV, one of the company's biggest competitors.

Sirius XM Board Adds Execs from ESPN, Microsoft
Reuters
Former ESPN chief George Bodenheimer and Microsoft exec Anthony Bates are joining the board of directors of Sirius XM, the satellite radio provider controlled by John Malone's Liberty Media. The execs are the latest high-profile additions to Sirius XM's board.

Sony, Universal, Warner Sue Sirius XM for Royalties
Associated Press
Many of the music industry's largest record companies are suing Sirius XM Radio for royalties it says the satellite radio company didn't pay for recordings from before 1972. Sound recordings weren't brought under federal copyright protection until 1972.

Disney's Next 'Pirates' Film Yanked from Schedule
Hollywood Reporter
The next installment in Disney's "Pirates of the Caribbean" film franchise will be delayed beyond its planned summer 2015 release date, due to "script issues." After this summer, which included Johnny Depp's "The Lone Ranger" movie flop, "everybody's more cautious."

Viacom Gives Up Developing a Mobile Video Player
Variety
Until earlier this year, Viacom used an internally developed video player in apps for MTV, Nickelodeon and Comedy Central. But in gearing up for TV Everywhere, the media giant decided to scrap that effort and move to Brightcove's player to speed up its time to market.

News Corp: Southeastern Asset Buys Major Stake
Bloomberg
Southeastern Asset Management has acquired a 12% voting stake in News Corp., making it the largest holder behind chairman Rupert Murdoch. The investment company has no plans to influence the recently split off publishing business, according to a U.S. regulatory filing.

Vivendi Shareholder Rules Out Candidacy for CEO
Bloomberg
Vincent Bollore, the French billionaire who is Vivendi's biggest shareholder, said he isn't seeking a paying position at the company, leaving the French conglomerate to look for other candidates to fill the top job as it reorganizes assets around media business.

Comcast's NBCU Names TV Exec to Movie Studio
New York Times
Comcast's NBCUniversal has put TV exec Jeff Shell in charge of its Universal Studios, leading to the promotion of movie manager Ron Meyer and the exit of Adam Fogelson. Shell, a Comcast insider, has recently been focused on the media giant's international businesses.

Comcast's Universal Extends Lead with 'Riddick'
Bloomberg
"Riddick," a science-fiction thriller starring Vin Diesel, took first place in U.S. and Canadian theaters this weekend to give Universal Pictures its eighth No. 1 opening of the year. The win extends the Comcast-owned distributor's 2013 lead among Hollywood studios.

Time Warner to Change Retiree Health Insurance
Reuters
Time Warner plans to transfer its U.S. retirees from company-sponsored health plans to private insurance exchanges. The shift "will ultimately be beneficial for all retirees by providing more choice of coverage ... for, in many cases, a lower cost," said a company memo.

Vivendi Director Bollore a Top Candidate for CEO
Reuters
Vincent Bollore, Vivendi's main shareholder, is said to be willing to take the helm of the French media and telecoms group. Vivendi has designated U.S. head-hunter Russell Reynolds to find a successor to Jean-Francois Dubos, the current CEO and management board head.

News Corp's Murdoch Hails Aussie Election Results
Guardian
Rupert Murdoch has hailed the result of the Australian election with a tirade on Twitter against the public sector, arguing that the victory of Tony Abbott's coalition would pave the way for a move to the right in public policy worldwide. "Others nations to follow in time," he tweeted.

CBS Chief Moonves' Bold Play Helps Broadcasters
New York Times
CBS and chief Les Moonves have given broadcasters a shot in the arm by pushing distributors to pay them just as they do cable networks. "If anyone was going to break the code on retransmission it was going to be Les and CBS. Other broadcasters have a big debt to pay."

Disney Armed with ESPN in Next Pay-TV Dispute
Bloomberg
Disney, owner of the most-expensive pay-TV channel in ESPN, faces a Sept. 30 deadline to reach a new deal with Dish Network. The negotiations cover how much Dish pays for content. "Even grandmas watch a lot of sports," said one analyst, "so it will be difficult for Dish."

Martha Stewart Shares Sink on New York Post Story
New York Post
Shares of Martha Stewart Living Omnimedia sank as much as 6.5% after the New York Post reported that the company's deal with J. C. Penney for home goods is coming to an end. However, Martha's company said: "J.C. Penney remains one of our many retail partners."

Murdoch Wife a 'Chinese Spy,' Aussie Tycoon Says
AFP
Clive Palmer, who is running for election in Australia on Saturday, said he plans to sue Rupert Murdoch over unflattering allegations and claimed the media mogul's estranged wife is a Chinese spy. "She's been spying on Rupert for years. That's why Rupert got rid of her."

Madison Square Garden, Azoff Start Artist Venture
Bloomberg
Madison Square Garden has formed a venture with former Live Nation chief Irving Azoff, paying $125 million for half of the new company. MSG and Azoff aim to develop new ways for artists to make money as the music business derives most of its revenue from digital outlets.

Liberty Media's John Malone Plans for Succession
New York Post
Cable cowboy John Malone is starting to think about hanging up his spurs. While the Liberty Media chief has no plans to retire any time soon, he is said to have told colleagues that he wants to put in place a succession plan for when he eventually steps aside.

Murdoch Seeks to Sell Family Yacht for $29.7 Million
CNBC
Rupert Murdoch is parting with one of his favorite trophies — his yacht. Less than three months after filing for divorce from his wife of 14 years, Wendi Deng, Murdoch has listed the family's 184-foot sailing yacht, called Rosehearty. The asking price: $29.7 million.

Sony Opens 4K Video Store with Movies, TV Shows
TheVerge
Sony's 4K video store has officially gone live, offering owners of the company's $699 4K media player more than 70 movies and TV shows in native Ultra HD resolution. Sony expects its 4K video library will grow to more than 100 titles by the end of the year.

Disney's 'Infinity' Video Game Enjoys Brisk Sales
Reuters
Disney's recently launched video game "Infinity" is selling strongly and major retailers report they are replenishing stock to meet demand, an encouraging start for the media giant's plans to turn around its loss-making game division. "The momentum continues to be strong."

Sony Eyes Sensors in Wearable Tech, Gesture TVs
Bloomberg
Sony is considering applying its image sensors to wearable computers and hand-gesture TVs for growth as it expects smartphone revenue to peak around 2015. The company plans to seek growth in developing the chips, already used in smartphones, for many other products.

Liberty's Malone Says He Would Eye M&A Offers
Bloomberg
John Malone, the U.S. cable magnate who built Europe's largest cable-TV operator through acquisitions, said while he would consider offers for Liberty Global, he's "happy" with the company as is. "As a fiduciary for our shareholders, we would consider any proposals."

Disney: Big Winner in Hollywood's Summer 2013
CNBC
Hollywood's summer box office is wrapping up more than 10% higher than last year, on track to beat summer 2011's record $4.4 billion in revenue. Disney will finish the summer the big winner, due to "Iron Man 3" and "Monsters University," two of the year's top films.

Media Congloms Focus on TV, Ditch Publishing
SNL Kagan
U.S. media conglomerates are shrinking — but smaller is sometimes better. Analysts seem optimistic about 21st Century Fox's prospects as a smaller entity after the split from News Corp. Similarly, Time Warner is making plans to spin off Time Inc. early next year.

Verizon, Vodafone in $130 Billion Wireless Deal
USA Today
The largest U.S. wireless carrier is now 100% American. In one of the most expensive acquisition deals ever, U.K.-based Vodafone has agreed to sell its 45% stake in Verizon Wireless to Verizon Communications for $130 billion. The deal is expected to close in early 2014.

Sony/ATV, Investors Mull Buy of Elvis Enterprises
New York Post
An investment group that includes Sony/ATV, the music publishing giant half-owned by the estate of Michael Jackson, is emerging as the favorite to acquire Elvis Enterprises. The group is close to signing an exclusive negotiating contract with Apollo's Core Media Group.

21st Century Fox Says Murdoch's Pay Dropped
Hollywood Reporter
Rupert Murdoch's compensation for the latest fiscal year dropped 3.7% to $28.9 million, according to a regulatory filing made by 21st Century Fox. The compensation for the latest year was for Murdoch's work as chairman and CEO of the pre-split News Corp.

Murdoch Stage Satire 'Rupert' Opens in Australia
ABC
Rupert Murdoch's life and media career have inspired "Rupert," a new cabaret-style stage play by Australia's best-known playwright, David Williamson. According to Williamson, Murdoch is "a pretty fearsome character; he inspires quite a lot of fear."

Malone 'Shortchanged' Sirius XM Radio Investors
Bloomberg
Liberty Media's John Malone unfairly used an investment agreement to acquire control of Sirius XM without paying a takeover premium or allowing investors to vote on the deal, a lawyer for shareholders said. A judge will rule later on whether the claims should proceed.

Disney/ABC Preps High-Tech Production Facility
Los Angeles Times
The sprawling Santa Clarita, Calif., land that Walt Disney selected decades ago to be the backdrop for his movies and TV shows will be transformed into one of the largest new studio developments in more than a decade. The Disney/ABC facility will cover nearly 60 acres.

Warner Bros Spends $25 Million on 'Wizard of Oz'
LA Biz
Warner Bros. plans to spend $25 million to market a film from 1939. "The Wizard of Oz" is getting a 3D Blu-ray makeover for an Oct. 1 release, and the studio is signing up major marketers — including McDonald's, Amtrak and Imax — to help generate buzz.

Sony Pictures Hires Crisis PR Pro Amid Pressures
Hollywood Reporter
Sony Pictures Entertainment has named as its new head of communications Charles Sipkins, a crisis-management specialist who has experience dealing with Dan Loeb, who owns 7% of Sony and has advocated the conglomerate spin off its TV and film assets.

Comcast's Fandango Buys Quantum Promo Firm
Reuters
Fandango, the movie ticketing service owned by Comcast, plans to acquire Quantum Loyalty Solutions, which creates promotions linked to ticket sales. Quantum's Hollywood Movie Money service provides incentives that include sweepstakes and coupon redemption.

DreamWorks Eyes Comcast's Shell for President
New York Post
DreamWorks' Jeffrey Katzenberg is said to be searching for an exec to eventually replace president Lewis Coleman. Katzenberg reportedly has Comcast international boss Jeff Shell on his list. "Shell is talking to Katzenberg about running the company."

Murdoch to Learn Winemaking in Estate Purchase
Wall Street Journal
Rupert Murdoch is said to be closing on the purchase of an estate and winery called Moraga Vineyards in Los Angeles's Bel Air neighborhood for $28.8 million. Murdoch plans to continue making wine on the property. "He's excited about learning winemaking."

2013: One Hot Summer in Disruption of Old Media
Crain's New York
The '60s had the Summer of Love, but 2013 may be known for a Summer of Disruption, when the digital transition blew the gaskets off the old-media industries. Random House and Penguin merged, aimed at battling Amazon — whose founder bought the Washington Post.

FCC Enters CBS-Time Warner Cable Fee Dispute
B&C
The U.S. Federal Communications Commission has suggested that the agency is now actively working with both CBS and Time Warner Cable to help them resolve their retransmission dispute. The FCC is "engaged at the highest levels with the respective parties."

Time Warner Studio Sees Batman Backlash Online
Associated Press
The Internet erupted after Warner Bros. announced that Ben Affleck has been cast to play the Caped Crusader for its Superman and Batman team-up movie. Jokes flew on Twitter. Petitions were launched to urge the Time Warner studio to rethink its decision.

Comcast's $30 Billion Bet on NBCU Rests on Burke
Wall Street Journal
In the two years since Comcast bought NBCUniversal, Steve Burke has shown a zeal for shaking things up with little sentimentality, weeding out top well-known personalities in the process. Of the 20 most senior execs the NBCU chief inherited, only five remain.

Gannett, Belo Get DOJ Request for Merger Info
USA Today
Gannett and Belo have received a request from the U.S. Department of Justice for more information and documents on their proposed merger. The two companies said say they "will respond promptly" and still expect their deal to close by the end of the year.

Time Warner: Affleck Set for 'Man of Steel' Sequel
CNN
Warner Bros. has announced that Ben Affleck will play Batman in the sequel to the Superman movie, "Man of Steel." Henry Cavill will reprise his role as Superman. "Man of Steel" broke the record for the biggest June opening when it appeared in theaters this year.

Comcast Targeted in Campaign Against MSNBC
Hollywood Reporter
A conservative group has launched an anti-MSNBC campaign that involves urging people to dump Comcast, the news channel's parent company, as their cable-TV provider. "By paying your Comcast cable bill, your money is helping to pay for Al Sharpton's salary."

CBS Touts FiOS TV in Jab at Time Warner Cable
New York Times
CBS has announced the completion of a new retransmission deal with Verizon's FiOS TV service, pointedly connecting the resolution to its ongoing dispute with Time Warner Cable. The deal with FiOS was "reached swiftly and amicably in just a few days."

Media Growth Up with Cable TV Leading Drive
MediaPost
Media growth was up nearly 10% through the first six months of the year in terms of advertising revenue, with national cable TV commanding the highest share, according to the Standard Media Index. At the same time, broadcast TV networks witnessed a 15% decline.

Disney to Slash 175 Jobs Across ABC-TV Arm
Los Angeles Times
The Disney/ABC Television Group, which includes the ABC network, local TV stations and the Disney Channel and ABC Family cable networks, plans to restructure its operations, which will result in layoffs across the unit. About 175 jobs are expected to be cut.

Time Warner Offers Tennis Amid CBS Blackout
Reuters
Time Warner Cable said it will offer a free preview of the Tennis Channel during the U.S. Open tournament to its customers affected by a blackout of broadcaster CBS. Subscribers in the affected markets with digital set-top boxes can watch the Tennis Channel for free.

Sony Announces Launch Date for PlayStation 4
USA Today
Sony has announced that PlayStation 4 will launch in North America on Nov. 15, and Nov. 29 in Europe. The video game console will sell for $399. "We're pleased to have some of the final pieces of the puzzle coming together for consumers to make their decisions."

Disney to Shutter Toontown Game in Mobile Shift
Bloomberg
Disney plans to close its Toontown Online video game after 10 years, as the company's interactive unit shifts resources toward the larger Club Penguin and to mobile games. The change leaves Club Penguin as the only so-called virtual world operated by Disney.

Hollywood's Summer Fouled by Eight Film Flops
New York Post
"Paranoia," which took in a mere $3.5 million in its opening weekend, isn't the only thing scaring Hollywood. Eight tentpoles — movies that cost more than $100 million to make — failed to earn back their budgets at the domestic box office, double last year's number.

21st Century Fox Hikes Budget for Scandal Costs
Wall Street Journal
21st Century Fox has increased by $110 million the amount it is budgeting to cover legal costs tied to the alleged use of illegal reporting tactics at News Corp.'s U.K. newspapers. As of March 31, News Corp. has incurred $389 million in costs tied to the investigations.

Oprah Helps 'The Butler' Clean Up at Box Office
Los Angeles Times
"The Butler" — the first movie Oprah Winfrey has appeared in in 15 years — debuted at No. 1 in U.S. and Canadian theaters this weekend, according to distributor Weinstein Co. Winfrey was "a huge factor as to why this movie was so popular. People really want to see her."

21st Century Fox Acquires Stake in Vice Media
Financial Times
21st Century Fox has acquired a 5% stake in Vice Media, the "gonzo" youth-focused media group. The $70 million deal is the first major investment by Fox since its split from News Corp. this summer. Vice aims to be "the next MTV, ESPN and CNN rolled into one."

Murdoch Stage Play 'Rupert' to Open in Australia
Herald Sun
Playwright David Williamson's new play, "Rupert," about the world's most famous media owner, will premiere in Melbourne next week. The play aims to "look behind the news to the man himself — a political kingmaker, devoted father, loving son, ruthless businessman."

CBS-Time Warner Cable: No Progress in Dispute
Wall Street Journal
The CBS-Time Warner Cable blackout has passed the two-week mark, with no signs of meaningful progress in the negotiations. Experts said it was unlikely the Federal Communications Commission would step in, given the agency's limited authority in such matters.

Comcast Re-Ups NBCUniversal's Burke to 2018
Philadelphia Inquirer
Comcast has given Steve Burke a 20% increase in salary and extended his tenure as CEO of NBCUniversal through August 2018. The cable TV giant praised Burke for "making extraordinary progress in improving NBCUniversal's businesses and results."

Media: Internet Starting to Repair Industry Damage
The Economist
After years of wreaking havoc, the Internet has begun to contribute to the media industry's bottom line, according to The Economist. The surge in smartphones and tablet computers is encouraging more people to pay for content. "Digital pennies are starting to add up."

News Corp Launches 'BallBall' Soccer App in Asia
Wall Street Journal
News Corp. has released a new mobile and online platform for its exclusive soccer content to users in East Asia, banking on the region's growing middle class and the rise in mobile technology to bring in revenue for the recently spun-off publishing company.

Sony Finalizing Internet Pay-TV Deal with Viacom
Wall Street Journal
Sony has reached a preliminary deal with Viacom to carry the media company's channels on the Internet-based TV service it hopes to launch next year. Intel and Google also are planning online versions of pay TV and have been on the hunt for programming rights.

Comcast to Fight Google Fiber with New Pricing
DSLReports
Responding to Google Fiber's announcement to offer its service in Provo, Utah, Comcast will be responding with pricing and packaging changes. "Things that are new, different or controversial generate more news coverage than those that are stable and growing."

Buffett Takes Stake in Dish Network, Exits Gannett
Bloomberg
Warren Buffett's Berkshire Hathaway has reported a holding of about 550,000 shares in Dish Network, the satellite-TV company controlled by billionaire Charles Ergen. Among many other moves, Berkshire has exited a stake in newspaper publisher Gannett.

Disney: Loeb's Third Point Takes $115 Million Stake
MarketWatch
Daniel Loeb's Third Point has disclosed a stake worth $115 million in Disney, adding to the hedge-fund manager's Hollywood bets. The stake amounts to less than 1% of the company's shares. Loeb reportedly has no plans to launch a push for any changes at Disney.

Comcast CEO Roberts Joins Obama on Golf Outing
Politico
President Obama's most recent visit to the Vineyard Golf Club on Martha's Vineyard included guest Brian Roberts, CEO of Comcast, parent of NBCUniversal. Obama's August vacation on the Vineyard has included a number of informal events with media players.

Viacom, Twitter to Sell Ads for Video Music Awards
Advertising Age
Viacom wants to turn buzz-generating moments from the MTV Video Music Awards into new ad impressions for sponsors, and it is teaming up with Twitter to make it happen. The two companies are selling packages of promoted tweets to five sponsors for the show.

News Corp, 21st Century Fox Bulk Up on Lobbyists
TheHill
News Corp. and 21st Century Fox have beefed up their lobbying forces. Both Rupert Murdoch-controlled entities retained a team of lobbyists from the Bockorny Group. Fox has teamed up with other major broadcasters in a battle against Internet TV startup Aereo.

Disney's Ambitious Multi-Platform 'Infinity' to Debut
Associated Press
Disney is readying for a yearslong siege — not just a one-time battle — for consumers' attention with "Disney Infinity," an ambitious project from its interactive division. The multi-platform franchise, combining real-life toy figures with virtual worlds, debuts Aug. 18.

Viacom Settles Spam Lawsuit Over TV Show Ads
MediaPost
Viacom has resolved a text-spam lawsuit by agreeing to pay $3,000 to Tennessee resident Eric Mock, who alleged that the media company sent her SMS ads promoting TV shows. Viacom will also pay Mock's lawyer $52,000 in fees, according to court papers.

Comcast Expands Low-Cost Internet, Boosts Speed
Associated Press
Comcast is expanding the number of low-income families that can qualify for its $9.95-per-month Internet access. It is also boosting download speeds on the service to 5 megabytes per second to attract more subscribers. The speed is good enough to watch online video.

News Corp Buys Online Soccer Rights for Mobiles
Reuters
News Corp. has secured rights to show online digital clips for English Premier League soccer and other leagues in Japan, Vietnam and Indonesia, coinciding with the launch of new Internet and mobile products. "We're making it mobile oriented, it's not newspapers."

Sony's 'Elysium' May Lead to Increased Scrutiny
Bloomberg
"Elysium," the Sony science-fiction film starring Matt Damon, fell short of a weekend forecast in theaters, tallying sales that may heighten scrutiny of the company's entertainment unit. Billionaire hedge fund manager Daniel Loeb has pushed for a partial sale of the division.

Disney's Expo Offers Previews of New Ventures
Los Angeles Times
Angelina Jolie was greeted with a standing ovation at D23, the weekend-long Disney expo in Anaheim, Calif. The actress made an appearance to discuss "Maleficent," the new, live-action retelling of "Sleeping Beauty." D23 offered glimpses of many new Disney ventures.

Viacom's 'Colbert' Daft Punk'ing Divides PR Pros
Spin
Was Daft Punk's failure to appear on the Comedy Central's "Colbert Report" a publicity stunt for the upcoming Video Music Awards on Viacom sibling MTV? Public-relations experts are divided, and we may never know for sure. MTV is "genius at creating publicity."

21st Century Fox's Murdoch Mum on Succession
Los Angeles Times
During an investor conference designed to shed light on the financial future of 21st Century Fox, 82-year-old chief Rupert Murdoch was asked whether he would reveal his corporate succession plan. "No," Murdoch responded. "The board knows, and they are pretty happy."

News Corp Australia CEO Resigns After 20 Months
Sydney Morning Herald
Kim Williams has resigned as CEO of News Corp. Australia, just 20 months after he took on the job. He will be succeeded by publishing veteran Julian Clarke. Williams's position came under a cloud after controversial editor Col Allan returned to Sydney last month.

Viacom Former Chief Freston Talks Media's Future
Businessweek
Tom Freston: "The next wave is going to be online video. With all the extra screens and the social tools, soon the killer app is going to come along for navigation, which will make this all seamless. There's going to be more choices. Media is going to be increasingly fragmented."

Disney's 'Planes' Takes Off from DVD to Theaters
Bloomberg
Disney's "Planes," a low-cost animated feature that began life as a direct-to-DVD project, is shaping up as a potential moneymaker for theaters. The movie went from DVD-only to cinemas after Disney saw test audience response to a rough cut. "It was off the charts."

Sony: LulzSec Hacker Sentenced in Data Breach
Associated Press
A 21-year-old hacker has been sentenced in a data breach that exposed personal information for 138,000 people kept in Sony Pictures computers. Raynaldo Rivera was sentenced to 366 days in prison, 13 months of house arrest and 1,000 hours of community service.

Martha Extends Brand Into Nutritional Supplements
Press Release
The Martha Stewart Essentials line of supplements, created through a partnership with Inergetics, a nutritional supplement developer, will debut in stores nationwide Sept. 15. The new line represents Stewart's first foray into the nutritional supplement space.

Time Warner Cable Threatens to Pull More Channels
Daily News
Amid Time Warner Cable's contractual dispute with CBS, the cable giant has threatened to yank a slew of other channels, including Lifetime, E!, Style and Turner Classic Movies. TWC said in a legal notice that its deals with more than 50 channels are due to expire soon.

Comcast Makes CEO Roberts a Billionaire Again
Forbes
As Comcast stock jumped to record highs in the past week, Brian Roberts had even more reason to celebrate than other company investors. With the stock surge, the broadband behemoth's chairman and CEO returned to billionaire status for the first time since 2001.

Viacom 'Gets Lucky' with Colbert-MTV Feud Video
Associated Press
Stephen Colbert's "song of the summer" special on his Comedy Central show was either a real-life tiff with Viacom sibling MTV over the French dance duo Daft Punk — or the most elaborately-planned (and funniest) corporate cross-promotions in recent memory.

Time Warner Moves Time Inc Spinoff to Next Year
Financial Times
Time Warner had expected to spin off its Time Inc. magazine publishing unit by the end of the year. Now, the company said it has decided to put those plans on hold until early 2014, in order to give new Time Inc. CEO Joe Ripp more time to refine his strategy.

Disney/ABC Names Exec for Strategy, Analytics
MediaPost
Paul Pastor, who has helped manage Disney's investment in Hulu and overseen digital and international initiatives, will add oversight of research for the ABC network and other properties. He absorbs the duties held by Charles Kennedy, who is leaving the company.

CBS, Time Warner Take Spat to Twitter, YouTube
MarketWatch
The fracas between CBS and Time Warner Cable has erupted into a full-fledged media campaign. The two companies, disagreeing about retransmission fees, have taken to the streets — that is, Avenue Twitter and YouTube Boulevard — to make their case.

DreamWorks' Katzenberg Has Dinner with Obama
Washington Times
President Obama had a private dinner with DreamWorks CEO Jeffrey Katzenberg, a mega-donor whose studio has been under investigation by the Securities and Exchange Commission over a deal in China. The two dined after Obama's "Tonight Show" appearance.

Time Warner Enjoys Lift from 'Man of Steel,' Sports
CNNMoney
Time Warner reported a 25% earnings jump thanks to strong performance from its movie unit, boosted by the summer hit "Man of Steel," and advertising sales tied to sports programming, including the NBA playoffs on TNT. But revenue fell at the Time Inc. publishing division.

21st Century Fox Bets Big on Sports Programming
Financial Times
Rupert Murdoch's 21st Century Fox plans to pour $200 million into its sports and entertainment networks in the coming year. With the Aug. 17 launch of the Fox Sports 1 network, the group bets that sports programming will continue to attract big live audiences and advertisers.

Disney 'Lone Ranger' Loss Offset by Gains at ESPN
Wall Street Journal
Disney warned it will book a large loss on "The Lone Ranger," marking the second year in a row that a would-be blockbuster bit the dust, joining the dubious ranks of "John Carter." But thanks to growth in affiliate revenue and advertising, revenue and income grew at ESPN.

Sony Investor Loeb Vows to Back Off Spinoff Quest
Variety
Despite Sony's rejection of his proposal to spin off as much as 20% of the company's entertainment assets, Third Point Capital CEO Daniel Loeb said he was actually "pleased with the outcome" of his efforts. In an interview, Loeb struck a much more conciliatory tone.

Amazon's Bezos: Tech Pioneer Turns Media Baron
Reuters
Jeff Bezos, who is buying the Washington Post, has funded an eclectic array of ventures, including the messaging service Twitter and the business news site Business Insider. "There's a danger of long-form journalism being on the decline. He takes a long-term view."

Sony Rejects Loeb Proposal for Entertainment Split
New York Times
Sony plans to keep all of its entertainment arm, rejecting a proposal by one of its biggest investors, the activist hedge fund manager Daniel Loeb. The decision, announced in a publicly disclosed letter, raises questions about whether Loeb will stage a public fight with Sony.

News Corp Chief Seeks to 'Get Rid of' Government
Bloomberg
Rupert Murdoch is determined to remove Australia's Labor government and may see a state-owned broadband network as a threat to his Foxtel TV venture, according to prime minister Kevin Rudd. Rudd has been facing criticism from News Corp. newspapers.

Houghton Mifflin Book Publisher Files Plans for IPO
Boston Business
Houghton Mifflin Harcourt has started working on a new chapter in its long and storied history: The publisher has filed plans to sell stock to the public. HMH emerged nearly debt free from a bankruptcy about a year ago, and its revenue has been growing again this year.

Comcast Develops New Approach to Fighting Piracy
Variety
Comcast is said to have begun talks with others in the entertainment industry about employing technology that would provide offending users with "transactional opportunities" to access legal versions of copyright-infringing videos while they are being downloaded.

Viacom-YouTube Dispute Stirs Hollywood Unions
Variety
Hollywood's major unions have thrown their support behind Viacom in the company's attempt to overturn rulings in its copyright infringement case against YouTube. The Google unit's "rampant distribution" of copyright-protected content "causes harm" to the industry.

Sony Activist Investor Loeb Bashed by Clooney
Deadline
George Clooney, working on his latest film directing effort to ready for a Sony release, said: "I've been reading a lot about Daniel Loeb, a hedge fund guy who describes himself as an activist but who knows nothing about our business. He is dangerous to our industry."

Miramax, Weinstein Said to Talk Potential Merger
Variety
Harvey Weinstein and Tom Barrack, the head of Colony Capital who outbid Weinstein to buy Miramax in 2010, are said to have discussed merging the two companies or forming a partnership that gives Weinstein more control over the library he helped build from the ground up.

Hearst Former Head of Entertainment Joslin Dies
Greenwich Time
Raymond Joslin, former president of Hearst's entertainment and syndication division, died Friday at age 76. The cause was stomach cancer. Joslin was key to Hearst's collaboration in the founding of A&E and Lifetime and oversaw Hearst's investment in ESPN.

Viacom Earnings Increase Powered by Streaming
B&C
Viacom has reported a big jump in quarter earnings, as streaming income boosted the media giant's cable networks. Viacom is "expanding partnerships with traditional cable operators and new digital distributors to deliver solid affiliate revenue gains."

Cox, Charter Discuss Merger of Cable Companies
Bloomberg
Cox Communications, the third-largest U.S. cable provider, is said to have held talks about combining with rival Charter Communications. Cox head Pat Esser reportedly has discussed a deal with reps from Liberty Media, which owns a 27% stake in Charter.

Sony Taps Former Fox Studio Chief to Make Films
Reuters
Tom Rothman, former co-chairman of the 20th Century Fox movie studio, has reached a deal to produce up to four films per year for a joint venture with Sony Pictures Entertainment. At Fox, Rothman oversaw operations that produced the hits "Avatar" and "Titanic."

Fox Plans Three Sequels to Blockbuster 'Avatar'
USA Today
James Cameron will collaborate with a group of screenwriters for three upcoming sequels to the director's 2009 sci-fi hit "Avatar," according to studio 20th Century Fox. The original stands as the all-time U.S. box-office champ with a take of $760 million.

Sony Talks of Loeb's Plan for Entertainment IPO
Bloomberg
Sony's board is said to be "deepening" its discussions of investor Daniel Loeb's proposal for an IPO of entertainment assets, yet no decision has been made. "It is an important proposal, and the board will make a decision after having a thorough discussion."

CBS Beats Forecasts on Sales with Nod to Netflix
TheStreet
CBS has reported the largest quarterly net income in its history, $472 million, surpassing forecasts. Sales by the country's most-watched network were driven in part by licensing deals with Netflix and Hulu. Syndication fees have "profoundly changed the business model."

Time Warner Cable Adds Fewer Internet Users
Reuters
Time Warner Cable reported quarterly revenue below analyst estimates as it added less than half the number of subscribers for high-speed data services than were expected. Cable operators are increasingly depending upon Internet customers as they lose cable TV subscribers.

Comcast CEO: NBCUniversal Buy 'Looks Great'
CNBC
The timing of Comcast's decision to buy out the rest of NBCUniversal "looks great" so far, Comcast chief Brian Roberts said after the company reported better-than-expected earnings. The second quarter was Comcast's best for high-speed Internet sales in five years.

MGM, CBS Former Execs to Acquire Media Assets
Reuters
Two former execs of the MGM movie studio and CBS Entertainment said they have raised $325 million to fund acquisitions in the film and media business. Harry Sloan and Jeff Sagansky raised the funds via an IPO of a special purpose acquisition company, Silver Eagle.

Clear Channel Names Bressler as Financial Officer
Dow Jones
CC Media Holdings and Clear Channel Communications have named Richard Bressler as their new president and CFO. Bressler also has been named CFO of Clear Channel Outdoor. Bressler has held financial officer positions at both Time Warner and Viacom.

Viacom Seeks to Reinstate Case Against YouTube
MediaPost
Viacom has once again asked an appellate court to reinstate a copyright infringement lawsuit against YouTube. Viacom, which first sued the video-sharing service in 2007, said the company grew its audience by allowing users to post clips that infringed copyrights.

Comcast CEO Roberts Extends Contract by a Year
Los Angeles Times
Comcast CEO Brian Roberts has extended his tenure at the largest U.S. cable company — for at least another year. Roberts isn't planning on going anywhere, despite the seemingly short-term deal. His father, Ralph Roberts, founded the company a half century ago.

Martha Gets Image Makeover as Company Shrinks
New York Post
Martha Stewart's empire may be shrinking — yesterday, it was reported Martha Stewart Living Omnimedia's second-quarter revenue fell 12% — but her "cool" cred is growing, thanks to her online dating antics and racy TV interviews and tweets. Stewart turns 72 on Saturday.

Sony's Box-Office Bombs Mocked by Investor Loeb
CNBC
Dan Loeb's activist hedge fund has called Sony's entertainment division "poorly managed" and compared its summer movies "After Earth" and "White House Down" to the costly box-office embarrassment "Ishtar." Sony Entertainment suffers from a "bloated corporate structure."

Disney, Weinstein Plan 'Artemis Fowl' Feature Film
Reuters
The young adult fantasy book series "Artemis Fowl," about a 12-year-old millionaire criminal mastermind, will be adapted into a feature film by Disney and Weinstein Co. The film will be adapted by Michael Goldenberg, screenwriter of "Harry Potter and the Order of the Phoenix."

Fox, News Corp: Murdoch's Wife Hires New Lawyer
New York Times
Just over a month after Rupert Murdoch surprised his wife with divorce papers, Wendi Murdoch has switched lawyers, a move signaling that the separation could take an acrimonious turn. Mrs. Murdoch has hired William Zabel, a well-known New York trusts and estates lawyer.

Fox's 'Wolverine' Faces Fears of Franchise Fatigue
USA Today
"The Wolverine," starring Hugh Jackman, clawed its way to a $55 million opening this weekend, topping the box office. The sixth installment of the "X-Men" franchise fell short of projections, however. Analysts wondered whether moviegoers are suffering mutant fatigue.

Fox to Raise Curtain on Theme Park in Malaysia
AFP
Twentieth Century Fox plans to open its first theme park in 2016. Malaysian casino operator Genting's resort unit will build the $125 million park near Kuala Lumpur. The space will feature rides and attractions based on such assets as "Ice Age, "Life of Pi" and "Alien."

Liberty Global Ups Stake in Dutch Cable Operator
Reuters
Liberty Global has increased its stake in Dutch cable operator Ziggo to 28.5%. Dutch law would require Liberty, Ziggo's biggest shareholder, to make a bid for all of Ziggo should it acquire a stake greater than 30%. Liberty also holds a stake in Ziggo's Dutch rival UPC.

CBS, Time Warner Cable Talk as Deadline Looms
Los Angeles Times
CBS and Time Warner Cable were expected to stay at the negotiating table over the weekend in hopes of wrapping up a new distribution deal that would keep the network on in Los Angeles, New York City and elsewhere before their self-imposed deadline of 2 p.m. Monday.

Time Warner Cable CEO Britt to Retire at Year End
New York Times
Time Warner Cable, the second-largest U.S. cable TV provider, said that CEO Glenn Britt will retire at the end of the year. He will be succeeded by COO Rob Marcus. The company needs to "develop a level of emotional connection with our customers," said Marcus.

Disney to Launch 'Infinity' Video Game Next Month
USA Today
"Disney Infinity," a video game due out Aug. 18, will allow players to enjoy "Pirates of the Caribbean" or "The Incredibles" as intended, or they can experiment and enjoy characters from those franchises however they choose. "You can play with your toys how you want."

Viacom's Nickelodeon Preps 'SpongeBob' Games
Los Angeles Times
Parents, get ready for more nautical nonsense. Viacom's Nickelodeon has made a deal with Activision Blizzard's publishing arm to develop and publish video games based on the network's cartoon "SpongeBob SquarePants." The first game will be released in October.

Vivendi to Sell Most of Activision Game Maker Stake
Reuters
Vivendi plans to sell 85% of its stake in Activision Blizzard to the video games maker for $8.2 billion. The French company said it sees its future in content centered on its Universal Music Group, Canal Plus and other entertainment activities of which it would own 100%.

Axel Springer Sheds Print Titles in $1.2 Billion Deal
Reuters
German publisher Axel Springer has agreed a $1.22 billion deal to sell its regional newspapers as well as its TV program guides and women's magazines to German group Funke Mediengruppe. Axel Springer has been focusing on expanding its online activities.

21st Century Fox: 'No Plans' for BSkyB Takeover
Mail Online
James Murdoch said there are no plans for the family firm to take full control of pay-TV company BSkyB. "We have no intention of bidding for the rest of BSkyB today or in the near future," said the deputy chief operating officer of 21st Century Fox. "We have no plans about that."

CBS Chief Says Time Warner Face-Off is 'Crucial'
CNET
CBS's face-off with Time Warner Cable has the broadcaster's chief executive weighing in. Les Moonves said in an internal email that Time Warner has the ability to pay more for the broadcaster's flagship channel, which it deserves because of highly popular programs.

CBS, Time Warner Cable Extend Deadline for Deal
Reuters
Millions of Time Warner Cable customers will get an extra day to watch CBS shows before the companies' programming agreement expires in large markets such as New York and Los Angeles. The deadline to hammer out a new deal is now Thursday at 9 a.m. ET.

Time Warner Names Chiefs for Finance, Magazines
Dow Jones
Time Warner has continued the shake-up of its executive ranks. The media conglomerate named Time Inc. financial chief Howard Averill as its new CFO. It also appointed Joe Ripp, a former top company exec, as the new CEO of magazine publishing division Time Inc.

21st Century Fox's James Murdoch Talks Missteps
Fortune
James Murdoch, son of mogul Rupert Murdoch and deputy COO of 21st Century Fox, is not afraid of his mistakes. Speaking at a Fortune magazine event, Murdoch seemed more afraid of not taking enough missteps: "If you become paralyzed by your failures, you won't grow."

Tribune Has a New Stock — and Its Price is Soaring
Crain's Chicago
Tribune's new owners have yet to list the company's stock on a major exchange. But that doesn't mean investors aren't making money from trading shares issued after the company exited bankruptcy in January. Tribune's stock is up 38% since it started trading Jan. 4.

Gannett Publishing Declines Fail to Offset TV Gains
USA Today
Gannett said its second-quarter earnings fell 5.2% to $113.6 million, as gains in broadcasting, digital and circulation revenue fell short of offsetting a decline in publishing advertising sales. Digital revenues were up 20.1%, partly due to fees from online subscriptions.

Viacom Adding 'Inspiration' to Corporate Website
Blog.Viacom
Viacom's newly unveiled corporate website aims to reflect "the same dynamic, vibrant tone" of the media giant's properties. "In the coming weeks, look for the launch of our must-read 'Inspiration' section, where we'll highlight leadership initiatives and company innovations."

Paramount Names Powell President of Television
Los Angeles Times
Viacom's Paramount Pictures has named Amy Powell president of Paramount Television, as the company ramps up its efforts to develop programming for smaller screens. Powell will continue to run Paramount's digital entertainment and Insurge Pictures unit.

Weinsteins Beat Warner Bros in Fight Over 'Butler'
Businessweek
The Motion Picture Association of America has decided that the Weinstein Co.'s new Lee Daniels-directed movie "The Butler," which shared a title with a Warner Bros. 1916 silent film, needs a new name. After a tussle, the film will officially be called "Lee Daniels' The Butler."

DreamWorks Takes a Hit After Weak 'Turbo' Start
Hollywood Reporter
DreamWorks Animation shares declined as Wall Street observers debated the impact of the weak weekend opening of "Turbo" on the company's financials. "Turbo" suffered "a big domestic box office miss." However, the company could see an earnings lift from a new Netflix deal.

Time Warner Names Ripp CEO of Time Inc Unit
Reuters
Time Warner has named a new CEO to head up its magazine titles People, Sports Illustrated and Time, which will be spun off later this year. The company tapped Joseph Ripp, a veteran financial exec of both Time Inc. and AOL. He will take over in September.

Media Partnership Aims to Tap Chinese Market
Financial Times
Bruno Wu, the Chinese media investor, and Thomas Middelhoff, the former Bertelsmann CEO, are pooling assets into a new media and investment joint venture focused on China. Their first joint venture plan was killed off about a decade ago when Bertelsmann ousted Middelhoff.

Vivendi Near Deals to Shift Into Media Company
Wall Street Journal
Vivendi, the French conglomerate, is nearing a pair of deals to refashion itself as a smaller — and more handsomely valued — media company. The deals include a sale of its stake in phone operator Maroc Telecom and a payout from its Activision videogame subsidiary.

Time Warner to Unite Superman, Batman in Film
Los Angeles Times
Superman and Batman will share the big screen for the first time, director Zack Snyder announced at Comic-Con. Henry Cavill will reprise his Superman role from "Man of Steel," and a new Batman will be cast. Warner Bros. is expected to release the film in summer 2015.

Comcast's 'R.I.P.D.' Joins Summer's Big Flops
New York Times
With extremely weak ticket sales over the weekend for "R.I.P.D." and "Turbo," Hollywood has now sustained six big-budget duds since May 1, the start of the film industry’s high-stakes summer season. In the Twitter age, audiences can spot a stinker from a mile away.

Murdoch Says Phone-Hacking Probe is Excessive
Sky News
Rupert Murdoch has written to members of Parliament saying Scotland Yard's investigation into phone hacking and corruption has "gone on too long." In a three-page letter, he conceded using the "wrong adjectives" to describe his frustration at events over the last two years.

News Corp: Our Readers Aren't 'Content Kleptos'
Australian
News Corp. CEO Robert Thomson: "When someone is paying us for content they clearly have an affinity. We will be able to turn around that yield curve. I have no doubt." The company's newspaper audience "doesn't believe in shoplifting; aren't content kleptomaniacs."

Fox Reality TV Veteran Takes Job at Warner Bros
Hollywood Reporter
Reality TV pioneer Mike Darnell has found a new home. Mere weeks after exiting Fox, the exec is heading to Warner Bros. Television, where he will run unscripted and alternative programming and syndicated fare, including the production of "American Idol" rival "The Voice."

Vivendi Spurned $8.5 Billion Universal Music Bid
Financial Times
SoftBank is said to have proposed an $8.5 billion bid for Universal Music, the world's largest music group, about three months ago but was turned down. Universal owner Vivendi reportedly told SoftBank it saw the music company as central to its future strategy.

Fox Seeks Comic-Book Comeback with 'Wolverine'
Wall Street Journal
Comic-Con kicks off in San Diego this week, and Twentieth Century Fox plans to show that it is no also-ran in the world of superhero movies. The studio is revving its Marvel machine into high gear, starting with the July 26 release of "The Wolverine," starring Hugh Jackman.

Disney Drops Executive Car Perks in Profit Push
Bloomberg
Disney is eliminating perks including executive car allowances as the world's biggest entertainment company looks to further boost profitability. A monthly car allowance amounted to $900 for one mid-level former Disney executive. "It's a message that we're tightening things up."

News Corp's Murdoch Depicted in Aussie Miniseries
Herald Sun
Actor Patrick Brammall will portray a young Rupert Murdoch in the miniseries "Power Games: The Packer-Murdoch Story," to air on Australia's Nine network later this year. Brammall said he did a lot of research for the role: "As a younger man, Rupert was very charming."

Sony Preps 4K Movie Downloading Service for Fall
Mashable
Sony will begin offering 4K movies for download via its Video Unlimited service in early fall. The movies will be from Sony Pictures, as well as other independent production houses. Sony said the company "will be first in the world with a native 4K downloading service."

Time Warner CEO Shuffles Turner's Management
Reuters
Time Warner CFO John Martin has been named the new chief of Turner Broadcasting, replacing Phil Kent, who will step down in 2014. Turner owns CNN, TBS and TNT. "Now is the right time to announce the next generation of leadership," said Time Warner CEO Jeff Bewkes.

CBS to Sell Billboard Operation for $225 Million
Bloomberg
Platinum Equity, a Los Angeles private-equity firm founded by Tom Gores, has agreed to acquire CBS's international billboard unit for about $225 million. CBS Outdoor International operates in the U.K., Ireland, France, Italy, the Netherlands, Spain and China.

Viacom to Pay $300 Million in Video-Game Dispute
Hollywood Reporter
A Delaware Supreme Court has affirmed that Viacom must pay $299 million — plus interest — to former shareholders of Harmonix, the video-game company behind "Rock Band" and "Guitar Hero." Viacom has been battling the issue in court since December 2011.

Media Stocks Lifted by TV's Popularity, UBS Says
TheStreet
Second-quarter earnings for media companies start in earnest next week, as long as TV operators continue to show increases for advertising sales and retransmission fees, share prices are likely to continue to "react positively," said UBS in an investor report.

Apple Working on Ad-Skipping Technology for TV
CNET
Apple is said to be meeting with cable companies to pitch a service that would enable TV viewers to skip commercials. The feature would be worked into a "premium" service Apple TV owners would buy into. Apple would then pay the networks when it occurred.

News Corp on 'Mole Hunt' for Murdoch Tape Leaker
Variety
News Corp. is said to have launched a "mole hunt" to find the London Sun tabloid employee who leaked a recording of a meeting with chief Rupert Murdoch. On tape, Murdoch said that either his son Lachlan or News Corp. CEO Robert Thomson would take over when he dies.

Disney Settles Silicon Valley Anti-Poaching Lawsuit
Reuters
Disney's Lucasfilm and Pixar units have settled a lawsuit accusing them and other technology companies of conspiring not to poach each others' employees, resolving their part in a closely watched case that involved some of the biggest names in Silicon Valley.

Scripps Family Member Gets Nine Years in Prison
Philadelphia Business
A member of the Scripps Media family has been sentenced to nine years in prison for embezzling $3.6 million from other family members to fund his lavish lifestyle, said federal prosecutors. Michael Scripps, 36, of Detroit, had been convicted in a trial jury in April.

Sun Valley Media Execs Schmooze, Talk Deals
CNBC
Allen & Co.'s annual conference — aka "summer camp for moguls" — in Sun Valley attracts the most powerful execs in media and technology. Deal talk is only part of the story. Some, including Twitter's Jack Dorsey and Hollywood producer Brian Grazer, go skeet shooting.

Liberty's Malone Urges Merger of Dish, DirecTV
Bloomberg
John Malone has urged fellow billionaire Charlie Ergen to combine Dish Network with DirecTV to get the advantages of bigger bulk in the pay-TV business. "You need larger — I’m not saying monopoly players — but you need larger players," said the Liberty Media chief.

Comcast's 'Despicable Me 2' Wins at Box Office
EW
Animated smash "Despicable Me 2" once again won the weekend at the box office. The $76 million family film from Universal and Illumination Entertainment fell 46% from its debut weekend to $44.8 million, pushing its total all the way to $229.2 million after only 12 days.

Time Warner in Deal to Relocate Headquarters
New York Times
Time Warner has a tentative deal to move its headquarters farther west in Manhattan in what would be a major reshuffling meant to accelerate the development of what is known as Hudson Yards while leaving Columbus Circle in the hunt for a defining corporate presence.

News Corp's Murdoch Unlikely to Face Charges
Reuters
The recall of Rupert Murdoch to a committee of the British parliament over a secret tape of him dismissing the alleged illegal behavior of his journalists is unlikely to lead to criminal charges. It could, however, complicate his business dealings in Britain.

Disney: Iger to Remain Boss Through June 2016
ABC News
Disney has extended Bob Iger's tenure as CEO and chairman through June 30, 2016. The contract extends his tenure 15 months beyond his previously announced retirement date as CEO in 2015. Iger "has proven he has the unique ability to drive creative and financial success."

CBS' Moonves Sells $22 Million in Company Stock
Los Angeles Times
Les Moonves has sold 450,000 shares of CBS stock for about $22 million. The CBS chief's pay package last year topped $62 million. A CBS spokesman issued a statement: "This was a previously scheduled sale that was established for estate planning purposes."

Martha Stewart Accepts Reduction in Pay, Perks
Dow Jones
For years, Martha Stewart resisted calls to downsize her compensation, even as her namesake company went into a downward spiral. Now, after nearly a decade of losses at the company, Stewart has agreed to accept a cut in her base salary of $200,000 to $1.8 million.

Barnes & Noble Nears Breakup as CEO Resigns
Bloomberg
Barnes & Noble moved closer to breaking up after CEO William Lynch resigned and the company named Michael Huseby, a manager with a history of spinning off units, to its most senior position. Huseby will be president of the company and CEO of Nook Media.

News Corp Digital Veteran Miller Joins Redstone
AllThingsD
Former News Corp. digital head Jon Miller has joined Advancit Capital as a partner. Advancit is an early-stage investment firm that was started two years ago by Shari Redstone and Jason Ostheimer; Redstone is the daughter of CBS-Viacom chief Sumner Redstone.

Slim Invests $40 Million in Music App Shazam
CNNMoney
Shazam, maker of a music recognition app by the same name, has won a $40 million cash infusion from Carlos Slim, the world's richest man. The investment will help "accelerate ongoing growth in music, continued expansion into TV and the development of new products."

Media M&A Activity Slows in First Half of Year
Folio
Media business purchasing picked up after a slow first quarter, but year-over-year activity was down slightly in the first half of 2013, according to a report from the Jordan, Edmiston Group. Among the notable media deals was Google's $1.3 billion purchase of Waze.

Sun Valley Media Mogul Confab Sets Guest List
Hollywood Reporter
Allen & Co.'s annual summer gathering of media moguls in Sun Valley, Idaho, is expected to attract Jeff Bewkes, Les Moonves, Brian Roberts and a gaggle of Murdochs — minus Wendi. Media bigwigs typically use the conference to schmooze and brainstorm partnerships.

Liberty Media Chief Eyeing Time Warner Cable
Bloomberg
John Malone is exploring scenarios for how Charter Communications could acquire Time Warner Cable, even after his initial overtures were rebuffed. Malone's Liberty Media, which owns 27% of Charter, is working on how to structure an offer to win over Time Warner Cable investors.

Viacom Tests $50 Movie Mega-Ticket with Brad Pitt
Associated Press
This was the deal: For $50, you got to see Brad Pitt's new zombie thriller "World War Z" before all your friends. You also got 3D glasses to keep, popcorn and sodas, a poster and the DVD when it comes out. Hundreds of fans forked over 50 bucks in the marketing experiment.

News Corp in $139 Million Accord Over Hacking
Bloomberg
News Corp. has won approval of a $139 million settlement of investor lawsuits claiming directors ignored employee misconduct, including phone-hacking. The settlement of claims that the board turned a blind eye to illegal reporting tactics "is reasonable, fair and adequate."

21st Century Fox Brand Touted at Tour de France
Reuters
Rupert Murdoch's entertainment business is stepping up its involvement with Team Sky, the cycling team backed by British pay-TV firm BSkyB. Team Sky will add the 21st Century Fox brand to the riders' kit and support vehicles when the Tour de France begins this weekend.

Media Moguls Prep for Allen & Co Sun Valley Fest
New York Post
Allen & Co., one of the best-known dealmakers on Wall Street, appears to be going through an evolutionary change, if the invitation list to its upcoming mogulfest is any indication. One of the biggest tech deal makers this year, Yahoo CEO Marissa Mayer, will not be in attendance.

News Corp's Dow Jones Cuts Jobs, Offers Buyouts
Bloomberg
News Corp.'s Dow Jones & Co. is eliminating some jobs and extending buyout packages to employees as it unifies the newsrooms of the Wall Street Journal and Dow Jones Newswires. "We will be undertaking a limited restructuring around the world," said a staff memo.

Time Warner Names New Leaders for Film Studio
Reuters
Time Warner's Warner Bros. studio has appointed four execs to leadership positions in its film division. Sue Kroll, Dan Fellman, Greg Silverman and Toby Emmerich will serve as presidents in at Warner Bros. Pictures, reporting directly to Warner Bros. boss Kevin Tsujihara.

Disney, Sony Test Early Video on Demand in Korea
Wall Street Journal
Disney's and Sony's film studios have quietly begun testing a controversial business model in South Korea after years of failed efforts in the U.S. — renting movies via video on demand while they are still playing in theaters. Execs at the other major Hollywood studios may follow suit.

News Corp Names Exec as Communications Chief
Hollywood Reporter
Julie Henderson, News Corp.'s chief communications officer, will land at 21st Century Fox with a promotion to EVP. That arm of the company will house Fox's TV and film studios, as well as Fox News, once the planned company split takes effect this Friday.

Sony Music Hires Former MTV Guru Judy McGrath
New York Post
Judy McGrath is back. The former MTV Networks chief is joining forces with Sony Music to create an entertainment production division. The new unit will focus on creating content for young viewers, so-called "millenials," across all platforms, including TV and the web.

Disney's 'Monsters' Tops Pitt's Zombies in Debut
Bloomberg
Disney's Pixar animation "Monsters University" took first place at U.S. and Canadian theaters this weekend with $82 million in ticket sales, overcoming Brad Pitt's zombie apocalypse tale "World War Z," from Viacom's Paramount, which was second with $66 million.

Media Congloms: Breaking Up Is Not So Hard to Do
The Economist
Over the past five years News Corp., Viacom, Disney and Time Warner have each delivered twice the S&P 500's average return of 6.1%. Part of this is due to a change in media moguls’ behavior. Their disposals of non-core assets have helped win over shareholders.

News Corp Joins S&P 500 After Company Spin-Off
Dow Jones
News Corp.'s publishing arm will join the S&P 500 index after the company separates into two public entities, replacing education firm Apollo Group in the index. 20th Century Fox will remain in the S&P 100 and 500 indices. The spin-off is due to be complete next Friday.

Disney Shares Drop on Fears Over ESPN's Future
Bloomberg
Disney shares dropped the most since November 2012 after a downgrade Goldman Sachs. According to Goldman, Disney's ESPN faces rising costs for sports broadcast rights and new competition from News Corp.'s Fox Sports 1 network. ESPN "will be less profitable next year."

Time Warner Film Studio Chief to Exit in Shake Up
Deadline
Jeff Robinov, president of Warner Bros. Pictures, has decided to step down from the Time Warner-owned film studio. Time Warner CEO Jeff Bewkes and Warner Bros. chief Kevin Tsujihara are said to have placed Robinov in a "cone of silence" in recent weeks.

Viacom/CBS' Redstone, Girlfriend Welcome Baby
Daily News
Will Sumner Redstone be changing diapers? The 90-year-old media chief's girlfriend, Sydney Holland, who turns 42 this month, has confirmed that she recently adopted a baby girl. However, a Viacom spokesman said: "Mr. Redstone doesn't have any involvement with this child."

CBS Outdoor Ad Unit Sale Attracts Two Bidders
Financial Times
A sale of CBS Outdoor's international arm could be completed in weeks with just two private equity bidders left in the running to purchase the advertising business. Platinum Equity and Searchlight, which is teaming up with private equity group GMT, are the remaining bidders.

Viacom in Deal with Twitter to Tweet Video Clips
Advertising Age
Viacom has signed a deal with Twitter to tweet sponsored video clips from shows across the company's portfolio, which includes MTV, Nickelodeon, BET and Comedy Central. The clips will include pre-roll video from advertisers. Viacom will lead sales on the pre-roll videos.

News Corp Publishing Arm Valued at $9.1 Billion
Bloomberg
News Corp.'s publishing spinoff has begun trading at a value of about $9.1 billion, one-seventh the size of the entertainment side of the media empire, underscoring the business's growth challenges. News Corp.'s TV and movie company is worth about $65 billion.

Time Warner Promotes 'Man of Steel' from the Pulpit
Associated Press
Warner Bros. has enlisted Christian-focused consultants to promote the movie "Man of Steel" by creating trailers that highlight the film's religious themes. Superman-centric sermons — with titles like "Jesus: The Original Superhero" — have been drafted for pastors.

Sony Board to Discuss Third Point IPO Proposal
Dow Jones
Sony said its new board of directors will "appropriately" consider the proposal from hedge-fund investor Daniel Loeb to list part of its entertainment business, and that a decision will not come quickly. "This is a very critical proposal that will affect the future of Sony."

Tribune Taps Revlon Exec as Chief Financial Officer
Chicago Business
Steven Berns has been named CFO at Tribune. He succeeds Chandler Bigelow, who had served as CFO since 2008. Bigelow will now fill the newly-created position of chief business strategies and operations officer. Berns will oversee all company finance functions.

Sinclair on Prowl for More TV Stations as Deals Mount
Bloomberg
Sinclair, which spent almost $2 billion in the past two years to become the largest U.S. TV station owner, is looking for more takeovers after raising almost $500 million in a stock sale last month. "We have significant potential in terms of additional acquisitions."

AH Belo: Cousin to Succeed Retiring CEO Decherd
Dallas Morning News
Robert Decherd, who has led A. H. Belo, parent of the Dallas Morning News, since its spinoff from Belo in February 2008, will retire as CEO in September. Decherd will turn over the reins to his cousin, Jim Moroney. "You go out when things are all performing well," he said.

FCC: Wheeler Seen Likely Pick as Next Chairman
Mashable
President Obama's choice for the next chairman of the Federal Communications Commission, Tom Wheeler, will likely get the job, if his congenial confirmation hearing is any indication. Wheeler, on media mergers: "There is scarcely anything more important."

Belo Sued by Investor Over Takeover by Gannett
Bloomberg
Belo, the TV station operator, has been sued by an investor seeking to block a $1.5 billion takeover by USA Today publisher Gannett, because the $13.75-a-share bid was too low. Belo directors "are obligated to get the best price and agreed to an inadequate offer."

Tribune Faces Big Tax Bill from Asset Sale by Zell
Fortune
The Internal Revenue Service and local tax authorities are expected to seek more than half a billion dollars from Tribune related to the sales of the Chicago Cubs and Newsday under former CEO Sam Zell. Tribune will likely settle for considerably less than the total of the claims.

News Corp Spinoff Falls in Sydney Debut After Split
Bloomberg
News Corp., the Wall Street Journal publisher spinoff, fell in its Sydney debut as stock in Rupert Murdoch's newspaper assets started trading separately in a split from his TV and movie businesses. Shares in the businesses which will be renamed 21st Century Fox rose.

Time Warner Near 12-Month High from 'Man of Steel'
TheStreet
Time Warner was gaining for the third day in four fueled by ticket sales from "Man of Steel," the media conglomerate's revival of the Superman series that brought $113.1 million over the weekend. Shares were moving nearer to the stock's 12-month high of $61.52.

Disney Brings Mickey Mouse to Gaming App Series
Wired
Old Disney meets new: The legendary character that started it all is the latest star of Disney's successful line of gaming apps. Disney Interactive will release "Where's My Mickey?" on Thursday, a new entry in the puzzle series that began with "Where's My Water?" in 2011.

Warner Music, Atlantic Sued Over Unpaid Internships
Associated Press
A former intern has filed a lawsuit against Warner Music and Atlantic Records over his unpaid internship, similar to a spate of recent lawsuits in other industries pushing back against the practice. Fox Searchlight, Conde Nast and Hearst have faced similar suits.

Media Professionals Seek Schooling in Reinvention
Financial Times
As technology and media come together, the media and entertainment industries are experiencing disruption on an unprecedented scale. Execs are rethinking their businesses, with some heading back to school. "The entire industry is in a search for new monetization models."

News Corp Faces First U.S. Phone Hacking Lawsuit
BBC News
A former Hollywood stunt double has sued News Corp., accusing the company of hacking into her phone. The suit, the first such claim from the United States, was filed by Eunice Huthart, a former double for Angelina Jolie. Some of her messages were deleted, she claims.

Comcast, Chernin Buy Stake in YouTube Network
Philadelphia Inquirer
With online video the wave of the future, Comcast, Chernin Group and WPP have taken a stake in Fullscreen, a company with 10,000 "channels" of young musicians, comedians and other content creators on YouTube. Fullscreen aims to be "network model of tomorrow."

Liberty Global in Bidding for German Cable Operator
Financial Times
Liberty Global, the European cable group controlled by John Malone, has entered the bidding for Kabel Deutschland, Germany's largest cable operator. Liberty, which this year bought U.K. cable operator Virgin Media, could top a proposal made by Vodafone last week.

Sony: Spin Off Urged as Third Point Boosts Stake
CNBC
U.S.-based hedge fund Third Point has lifted its stake in Sony and urged the Japanese electronics giant to spin off its entertainment business. "We remain convinced that the proposed transaction will strengthen the company," Loeb said in a letter to Sony CEO Kazuo Hirai.

Viacom Makes Rare Foray Into Education Sector
Wall Street Journal
Viacom, through its brand Nickelodeon, has made its first foray into the education sector by striking a partnership with Australian start-up LiteracyPlanet. The deal will see LiteracyPlanet's online products promoted on Nickelodeon, as well as on apps for tablets and mobiles.

Time Warner's 'Man of Steel' Scores Super Debut
EW
Faster than a speeding bullet, Warner Bros.' $225 million Superman franchise reboot "Man of Steel" has become a box office behemoth. The superhero film began its run with a massive $125.1 million, breaking the record for the biggest June opening weekend ever.

Viacom Offers $48 'Mega Ticket' for 'World War Z'
L.A. Biz
Paramount aims to get movie fans back into theaters by offering a "Mega Ticket" for the new Brad Pitt zombie film, "World War Z." For $48, the studio will offer consumers a package that includes an advance screening, a digital copy, a movie poster and a small popcorn.

Chernin: Hollywood's Golden Age May Be Over
Salon
Hollywood economics changed when audiences stopped buying DVDs and started streaming on the likes of Netflix and Amazon. So says industry exec Peter Chernin in "Sleepless in Hollywood," a new book by Lynda Obst. The DVD business "is not coming back."

21st Century Fox Plans Global Soccer Tournament
Guardian
Rupert Murdoch's global broadcasting company is exploring an ambitious plan to create a summer soccer competition, with matches to be played in cities from Los Angeles to Shanghai. Murdoch's 21st Century Fox owns outlets in Italy, Germany, Asia and the United States.

CBS Chief Tops List of Well-Paid New York CEOs
Crain's New York
Les Moonves is worth $60.3 million, five times more than the average of other top execs at CBS, according to GMI Ratings. A spokesman noted that CBS has posted record results under the CEO's leadership. Moonves's compensation "is reflective of all this success."

Liberty, Time Warner Cable CEOs Discuss Merger
CNBC
Liberty Media CEO Greg Maffei has discussed the idea of cable company Charter entering a merger with Time Warner Cable in a meeting with that company's CEO, Glenn Britt. Time Warner Cable, however, has indicated it has "no interest in any sort of a linkup" with Charter.

Time Warner's 'Man of Steel' Panned by Sibling
EW
"Man of Steel," which Time Warner's Warner Bros. film studio hopes will be a summer blockbuster, earned a mere "C" letter grade from Entertainment Weekly magazine, published by corporate sibling Time Inc. "Superman aficionados will be disappointed" by the "joyless reboot."

News Corp CFO to Exit After Company Breakup
Fox Business
News Corp. has announced the retirement of longtime CFO David DeVoe following the media conglomerate's breakup into two separate companies later this month. The personnel news comes as Rupert Murdoch's media empire braces for the transformative change.

Murdoch Divorce Unlikely to Impact Media Giant
Wall Street Journal
Rupert Murdoch has filed for divorce from his wife, Wendi Deng Murdoch, citing as grounds "that the relationship has broken down irretrievably." A prenuptial agreement likely "makes it impossible for Mrs. Murdoch to obtain company voting shares in the event of a divorce."

Viacom Launches Apps with On-Demand Video
CNET
Viacom has launched a new app for MTV and MTV2 on iPhone and iPad, with plans to roll out similar ones for its other music-related channels. The new app allows users to access video extras and loop in social commentary, along with on-demand streaming of shows.

CBS' Moonves Says Broadcast Still the Best Game
Bloomberg
Les Moonves, CEO of CBS: "You know what the highest rated comedy is on cable? 'Big Bang' repeats. Broadcast is where it all begins. People are watching shows online, on their iPads, their cellphones and all that. But most of the great content still begins on the network."

News Corp CEO Murdoch Files to Divorce Wife
Reuters
Rupert Murdoch has filed for divorce from his wife Wendi. A spokesman for the News Corp. CEO said the marriage had been "irretrievably broken for more than six months." Murdoch married the former Wendi Deng in 1999. Analysts see little impact on the News Corp. split up.

Gannett to Buy Belo for $2.2 Billion to Gain TV
USA Today
Gannett, the media company that owns USA Today, said it will buy Belo for $2.2 billion. The deal will make Gannett the nation's fourth largest owner of major network affiliates, reaching nearly a third of U.S. households. Belo owns and operates 20 TV stations.

Sony/ATV, Guggenheim Eye Sale of Elvis Rights
New York Post
Apollo Global's sale of the Elvis Presley marketing rights — including his name and likeness — is not leaving potential bidders "All Shook Up." The low turnout of bidders includes Sony/ATV, and investment firms Guggenheim Partners and G2 Investment Group.

Comcast Battle Like Rape, Network CEO Says
Deadspin
Two weeks ago, a federal appeals court ruled that Comcast did not have to put Tennis Channel on its basic cable service and could throw it on a more-expensive sports tier. Tennis Channel CEO Ken Solomon was so unhappy that he wrote a furious email to his staff.

Disney Says No Bundling in Deals for Carriage
MediaPost
A top Disney exec told a Congressional subcommittee that the company does not require distributors to carry low-rated networks in order to gain access to popular ones. But a DirecTV exec said there is an element of bundling involved in negotiations.

Hearst Tower Scaffold Workers in Daring Rescue
Daily News
Two workers were pulled to safety by firefighters during a daring rescue 44 stories above ground outside Hearst Tower in midtown Manhattan after their scaffolding collapsed. New York state and city agencies are investigating what caused the scaffold malfunction.

Hollywood 'Implosion' Inevitable, Spielberg Says
Hollywood Reporter
Steven Spielberg has predicted an "implosion" in the film industry, whereby a half dozen or so $250 million movies flop at the box office and alter the industry forever. Price variances will come to movie theaters — "You're gonna have to pay $25 for the next "Iron Man.' "

News Corp Ruling Could Kill Unpaid Internships
Associated Press
Unpaid internships could be numbered after a federal judge ruled that Fox Searchlight Pictures violated minimum wage and overtime laws by not paying interns who worked on the 2010 movie "Black Swan." The decision may lead some companies to rethink the practice.

Viacom CEO Insists 'Cord Cutting' Is Not a Threat
CNBC
Consumers are keeping their cable TV subscriptions despite emerging online alternatives, according to Viacom CEO Philippe Dauman. "There's never been a better time for television. Even during the depths of the recession, cable TV subscribers remained stable."

News Corp Split-Up Paves Way for New BSkyB Bid
Telegraph
Shareholders have backed the move to separate News Corp.'s entertainment assets from its troubled newspaper business. Analysts said the move should help limit the potential fallout of the phone-hacking scandal and "open the way" for a fresh run at BSkyB.

Disney Adding Chinese Culture to Theme Park
Xinhua
Shanghai Disneyland, currently under construction, will feature Chinese elements that will make the amusement park unique, according to Disney CEO Bob Iger. The attraction will incorporate elements that Chinese people believe are culturally relevant.

Liberty Media Seen Stalking Time Warner Cable
Bloomberg
John Malone's ultimate goal may be to challenge Comcast for U.S. cable supremacy, according to analyst Craig Moffett. That would require buying Time Warner Cable, the second-biggest U.S. cable provider. "If you're John Malone, you're thinking: we’ve got to get bigger."

Time Warner Cable to Test Cloud-Based Guide
Bloomberg
Time Warner Cable plans to test a cloud-based video guide in New York City, Los Angeles and Syracuse, N.Y., starting in September. The Internet-connected video guide aims to provide customers with a faster and easier way to search for programming, said COO Rob Marcus.

News Corp: Media Empire Readies for Big Split
Financial Times
As News Corp. shareholders gather in New York to vote on the company's split on Tuesday, there is little doubt about the outcome. Less clear is how many independent shareholders will keep shares in both new companies, which have very different assets and prospects.

Report: Digital Media Revenue to Best 'Traditional'
ZD Net
The entertainment industry is in the midst of a "frantic shift" to jump onboard with digital media, according to a new report from Ernst & Young. The global accounting firm is projecting that digital entertainment revenue will surpass that of "traditional" media by 2015.

Sony Takes on Microsoft with Latest PlayStation
Reuters
Sony has priced its latest PlayStation 4 console $100 lower than the new Xbox One by rival Microsoft, as competition for gamers intensifies. Sony drew cheers when it said the PS4 would run second-hand games and did not require an always-on Internet connection.

Comcast Horror Flick 'Purges' Google Comedy
Bloomberg
"The Purge," the low-budget home-invasion horror movie from Comcast's Universal Pictures, topped theaters in the U.S. and Canada this weekend as the Google comedy "The Internship" flopped for News Corp.'s Twentieth Century Fox. "The Purge" took in $36.4 million at theaters.

Time Warner Looks Fully Priced, Barron's Says
Barron's
Time Warner shares have jumped 63% since last year and look fully priced, according to Barron's. "Spinning off its magazine group will help the media giant grow faster. But the stock looks a little ahead of itself. You should watch for a chance to get back in on better terms."

News Corp Veteran Brooks Set for Lengthy Trial
Independent
The trial of News International former CEO Rebekah Brooks, her husband Charles, former News of the World editor Andy Coulson and others linked to an alleged illegal phone hacking conspiracy is slated to begin Sept. 9. The initial trial is expected to last at least three months.

Comcast Gives 30 Rock a $190 Million Renovation
Philadelphia Inquirer
A $190 million modernization plan will bring "Comcast style" to 30 Rockefeller Plaza, the home of NBCUniversal. Floors are being reconfigured, work flow improved and business units moved. NBC officials say it is the first major renovation in at least 25 years.

Disney Showcases 'Lone Ranger' for Game System
Bloomberg
Disney has unveiled "Lone Ranger" and "Monsters University" characters tied to its Infinity video-game platform, which goes on sale in August and is designed to boost the company’s money-losing interactive unit. The play sets draw on characters from new Disney movies.

Time Warner Seeks to Boost Investments in China
Dow Jones
Time Warner has formed an investment partnership with China Media Capital in an effort to capitalize on China's growing media sector. "Increasing our global presence is one of Time Warner's priorities," said CEO Jeff Bewkes, and China is "most attractive."

News Corp: Murdoch Son Has No Plans to Return
AFP
Rupert Murdoch's eldest son Lachlan said he has no intention of rejoining News Corp. His father's plan to split his global media empire into separate entities had fuelled speculation Lachlan would re-enter the fray. "No, no. I've moved on from that," said the younger Murdoch.

Viacom/CBS Chief Redstone Talks Up Humanities
Wall Street Journal
Sumner Redstone graduated from Harvard College in 1944 with concentrations in classics and government. In an interview, the chairman of Viacom and CBS spoke about the value of humanities: "The study of humanities was critical in every aspect of my life."

Comcast to Offer Remote-Controlled Light Bulbs
Bloomberg
Comcast will offer light bulbs that can be dimmed by a smartphone app, part of a strategy by the biggest U.S. cable company to branch out beyond TV service. The company will begin selling Sylvania's Ultra iQ LED BR30 bulb, which is controlled using wireless technology.

Media General, Young to Combine TV Operations
Associated Press
Broadcast companies Media General and New Young Broadcasting are combining to create a company that will operate 30 TV stations in 27 markets including San Francisco, Nashville, Tenn., and Richmond, Va. Media General will be the name of the combined company.

Media M&A on Rise as Big Players Seek Content
Crain's New York
Yahoo's recent Tumblr deal shines a light on those with well-honed brands and tens of millions of demographically desirable users — companies like BuzzFeed, Business Insider, Gawker and Everyday Health. Still, making money on content remains "a work in progress."

AT&T Eyes Entering Hulu Joint Bid with Chernin
AllThingsD
AT&T is said to be in talks with the Chernin Group about a joint bid to acquire the Hulu premium video site. In addition to its core phone business, AT&T also sells broadband and TV. And, while well-funded, Chernin certainly could use the extra financial firepower.

CBS Names Ianniello as Chief Operating Officer
Dow Jones
CBS CFO Joseph Ianniello has been named the media company's new COO. He will continue to oversee all financial operations while also working on content strategies. CBS said it won't name a new CFO. CEO Les Moonves calls Ianniello a "tough negotiator."

Report: Digital to Drive Growth in Media Industry
Los Angeles Times
Digital media — fueled by the expansion in ownership of smart devices — is expected to account for 43% of all U.S. media spending by 2017, according to PwC's annual Global Entertainment and Media Outlook report. Growth will be "concentrated on digital media platforms."

News Corp Former Editor Coulson Denies Hacking
Reuters
Andy Coulson, prime minister David Cameron's former media chief and ex-editor of the News of the World, has pleaded not guilty to charges related to phone hacking at the tabloid he once edited. Rebekah Brooks, his predecessor at the paper, denied charges yesterday.

Disney/ABC's Sweeney Saluted by Media Moguls
Deadline
Rupert Murdoch, Brian Roberts and Bob Iger are among the boldfaced names paying tribute to Disney/ABC Television president Anne Sweeney in a video from Syracuse University. It will be shown at university's Mirror Awards luncheon today where Sweeney will be honored.

News Corp: Brooks Pleads Not Guilty in Hacking
Bloomberg
Rebekah Brooks, former CEO of News Corp.'s U.K. unit, has pleaded not guilty to charges she conspired to hack into phone messages. Brooks also pleaded not guilty to charges she obstructed the police probe into phone hacking and charges that she paid bribes to public officials.

Time Warner's 'Man of Steel' Boasts 100 Ad Tie-Ins
Deadline
"Man of Steel," the new Superman film from Warner Bros., is shaping up to be the most Madison Avenue-friendly film of the summer, with more than 100 global promotional partners and $160 million in support. Hardee's and Carl's Jr. will run a TV spot featuring star Henry Cavill.

Liberty Media's Malone Hints of Broadband Tiers
Hollywood Reporter
Liberty Media chief John Malone, at his company's annual shareholder meeting in Colorado, lauded the cable industry's strength in broadband subscriptions and hinted at the possible introduction of cable broadband usage tiers, which would have an impact on Netflix.

Sony's 'After Earth' Seen as Summer's First Flop
Wall Street Journal
The biggest flop of the summer so far has come from the unlikeliest source: Will Smith, one of Hollywood's few superstars. "After Earth" opened to $27 million at the box office in the U.S. and Canada. Sony spent nearly $150 million to make the postapocalyptic adventure.

Viacom's Pitt Film 'World War Z' Rejected in China
TheWrap
Chinese censors have rejected "World War Z," Paramount's film about the zombie apocalypse starring Brad Pitt. The inability to screen in China would limit one of the year's most expensive movies, reportedly $200 million, from access to the world's second biggest market.

Disney to Launch Site for Digital Movie Delivery
Hollywood Reporter
Disney is making it easier for consumers to access a movie digitally that they buy on Blu-ray Disc or DVD by doing away with the "digital copy" process and launching a new website to streamline delivery. The debut of the Disney Digital Copy Plus site has been set for June 11.

Comcast Ranks as Top Pay-TV Provider Worldwide
L.A. Biz
Comcast is the top pay TV operator in the world, but just barely edging out China's Jiangsu Broadcasting Cable, according to a report by SNL Kagen. China, India and the U.S. accounted for almost 50% of the 106 top pay-TV operators, with 11 companies based in the U.S.

CBS Acquires Full Ownership of TV Guide Online
Reuters
CBS has acquired full ownership of TV Guide's online and mobile apps divisions, buying out the 50% share held by Lions Gate Entertainment. CBS and Lions Gate will continue to share ownership of TV Guide's cable network, which is known as TVGN.

Time Warner CEO Sells 81% of Company Holdings
Bloomberg
Jeff Bewkes has sold 81% of his direct holdings in Time Warner for $12.2 million, capitalizing on a 25% gain in the stock this year. The CEO, who has run the company since 2008, made $25.9 million in salary and other compensation last year, slightly less than the prior year.

Sony to Review Loeb Spinoff Proposal, CEO Says
CNBC
Sony's board will examine activist investor Dan Loeb's proposal to spin off part of the entertainment business, and it is premature to speculate on what will happen, said CEO Kazuo Hirai. "We want to make sure we have a thorough discussion of the merits of the proposal."

News Corp to Take On LinkedIn with WSJ Profile
Next Web
Following its catastrophic failure with Myspace, News Corp is preparing to dive back into the social networking game. Dow Jones CEO Lex Fenwick has outlined plans to transform the Wall Street Journal into a "platform," allowing users to do more than simply read the news.

Disney CFO Touts ESPN's Status in Sports Media
MediaPost
Disney execs aren't worried about upcoming sports TV competition for ESPN, according to CFO Jay Rasulo. "People are going to spend a lot of money for rights, but they are going to end up a distant No. 2." Fox Sports 1 and NBC Sports Network are among ESPN's new rivals.

News Corp's HarperCollins Seen Poised for M&A
TheStreet
The book industry, rattled by the surge in e-book sales, is poised for consolidation, according to Brian Napack, a former Macmillan president and senior advisor at Providence Equity Partners. "We're in a major battle right now for the future of the industry."

Time Warner's IPC Media Eyed Ahead of Spin-Off
Financial Times
Time Warner plans to spin off Time Inc., its magazine division that also includes IPC Media, by year end. The move could give the U.K.-based publisher a much bigger profile. Some analysts and rivals believe that a piecemeal sale of the group's magazines cannot be ruled out.

News Corp to Delist from London Stock Exchange
Reuters
Rupert Murdoch's News Corp. said it will cancel its listing on the London Stock Exchange, citing low levels of trading volume. The company said the volume of its stock traded on the exchange was less than 1% of the total globally. The effective date of the delisting will be June 28.

Viacom CEO: TV Bundles Aren't Going Anywhere
Home Media
Arizona Sen. John McCain recently introduced the Television Consumer Freedom Act of 2013, which would allow pay-TV providers an opportunity to offer a la carte programming. Viacom president and CEO Philippe Dauman scoffs at that idea: "There's nothing new there."

News Corp CEO Admits to 'Spectacular' Mistakes
Dow Jones
Rupert Murdoch, talking to investors, said he had made "some spectacular" mistakes while building News Corp. and presented the pending spinoff as "the chance to do it all over again." He admitted that some of the company's print businesses face "challenges."

Time Warner Starts Year-Long Push for Superman
Hollywood Reporter
Warner Bros. Entertainment and DC Entertainment have unveiled a new 75th anniversary logo for Superman, and announced that a new animated short from Zack Snyder, director of "Man of Steel," is in production — all part of a year-round push to keep the character in the public eye.

Comcast Makes NBC 'All Business' in Makeover
BuzzFeed
Roughly three years into Comcast's ownership of NBC Universal, and CEO Steve Burke has dispatched with all but a tiny vestige of the old Peacock network regime. "All the heat and passion is gone," said one exec who recently left the company. "He's all business all the time."

Viacom Midway Done with Upfront Negotiations
Advertising Age
Viacom is said to have completed deals for 50% of the ad inventory it intends to offer as part of this year's upfront negotiations for the upcoming TV season. It isn't clear what kind of price increases Viacom is seeking, but media buyers said the company has shown flexibility.

'British Invasion' Seen in U.S. Media Marketplace
Washington Post
The British are coming — actually, they're already here. And they're running some of America's top media and entertainment companies and peddling their shows, newspapers and magazines to the former colonies. U.K. media have a "more acute tabloid sensibility."

Murdoch Tweets About Islam, Quotes Koran Verses
Washington Times
Rupert Murdoch left some people outraged and others scratching their heads when he took to Twitter to quote verses from the Koran. "Get real. Koran says(1) 'whoever killed a human being ... it shall be regarded as having killed all mankind,' " the media mogul tweeted.

Comcast's 'Fast 6' Sets Record for Memorial Day
Associated Press
The movie industry enjoyed its most robust Memorial Day weekend ever, with Universal Pictures' "Fast & Furious 6" speeding to the top spot at the box office, raking in some $316 million. The record-breaking weekend take bodes well for the summer movie season.

Time Warner, Comcast Ask Google to De-List Mega
Next Web
Warner Bros. and NBC Universal have contacted Google to request that Mega, the file storage and sharing service founded by Kim Dotcom, be removed from all of its search results. Dotcom has hit back at the action: "The requests are censoring our entire homepage."

Viacom Chief Marks 90th with Bump in Net Worth
Los Angeles Times
Sumner Redstone celebrated his 90th birthday on Monday, and Viacom's chairman had plenty of reasons to celebrate. Just last week, Viacom stock hit an all-time high. Redstone also received an early birthday present from Viacom's board — an extra $3.7 million in the coming year.

News Corp to Take Charge of Up to $1.4 Billion
Reuters
News Corp. will write down the value of its publishing assets by up to $1.4 billion, as the company prepares to split up its newspaper and entertainment operations. The charge will be taken in the quarter ending June 30 and could effectively wipe out News Corp.'s profit.

News Corp Board Approves Murdoch's Split Plan
Forbes
News Corp. directors have moved forward CEO Rupert Murdoch's plan to split the company. The board also approved a $500 million stock repurchase program. The June 28 spinoff will create two companies, with Murdoch and sons Lachlan and James taking board seats on both.

Time Warner CEO Questioned About Obama, CNN
Hollywood Reporter
Time Warner CEO Jeff Bewkes at the media giant's annual shareholder meeting touted the company's performance and outlook, while addressing questions about the objectivity of CNN on the issue of gun control and the company's relationship with the White House.

CBS Shareholders Angry Over '60 Minutes' Report
Hollywood Reporter
One of the most venerable TV franchises in history came under assault at the CBS shareholder meeting, where activists who dominated the question-and-answer period accused "60 Minutes" of airing a misleading segment in 2012 that amounted to anti-Israel "propaganda."

Disney Stock Takes a Hit After Staff Cuts at ESPN
Wyatt Research
Disney shares are falling after bad publicity at one of its cash cows. ESPN is reportedly planning to let go hundreds of people to offset a slipping profit margin. The firings are a blow to the sports network's image, and its parent company's stock is feeling the brunt of that blow.

Viacom Shows Removed from Netflix as Deal Ends
paidContent
Netflix has removed "Spongebob Squarepants," "Dora the Explorer" and other Nickelodeon fare from its streaming library, as its licensing agreement with Viacom expires. Netflix had announced in April that it wasn't planning to renew its deal with the media giant.

Sony to Consider Spin-Off of Entertainment Business
Reuters
Sony said it plans to assess a proposal from its biggest shareholder, billionaire Daniel Loeb's Third Point hedge fund, that the company should sell up to a fifth of its music and movies business, which includes artists such as Adele and hit franchises like "Spider-Man."

Viacom Study Reveals Social Media's Deadly Sins
Blog.Viacom
Viacom is unveiling findings from multi-country research on the interplay between TV and social media, looking at not just how but why viewers engage in TV-related activities on social media. The study helped researchers create a list of social media's "deadly sins."

Cox Pledges $1 Million for Tornado Relief Efforts
Atlanta Business
Cox Enterprises and the James M. Cox Foundation have announced $1 million for the relief efforts of the communities affected by the tornadoes in Oklahoma. In Oklahoma, Cox Enterprises runs News Talk KRMG, Fox23, My41 and News Talk KRMG, among other properties.

Tribune Taps Yahoo Veteran to Run Digital Ventures
AllThingsD
Shashi Seth, a former top product exec at Yahoo, has joined Tribune as president of Tribune Digital Ventures. Seth will report to CEO Peter Liguori and be based in Silicon Valley, apparently to set up a brand new digital arm of the Chicago-based media company.

FCC Chief Reflects on 'New World' of the Internet
USA Today
Julius Genachowski's stewardship of the Federal Communications Commission has ended — after more than four years dealing with issues such as broadband and media consolidation. "One of the most important things the FCC can do is preserve the openness of the Internet."

Dish Network Chief Bids for LightSquared Airwaves
Bloomberg
Dish Network chief Charlie Ergen is said to have made a $2 billion bid for radio frequencies from LightSquared, the bankrupt wireless-broadband company. Obtaining the airwaves would help Ergen expand his wireless assets at the same time Dish is seeking to acquire Sprint.

Liberty to Sell Chellomedia TV-Channel Business
Wall Street Journal
Liberty Global, John Malone's international cable operation, has put its Chellomedia TV-channel business up for sale, in a move that could lead to a deal valued at between $800 million and $1 billion. Chellomedia produces and distributes TV channels worldwide.

Core Media Seeks to Sell Elvis' Graceland Mansion
Financial Times
Elvis Presley's Graceland mansion and rights to the images of Elvis and Muhammad Ali are on the market with a possible price tag of more than $200 million. Core Media, the entertainment group behind TV programs such as "American Idol," has begun approaching bidders.

News Corp: Facebook Faces Same Fate as MySpace
Telegraph
Rupert Murdoch warns Facebook may suffer the same fate as MySpace as the social network marks the anniversary of its IPO. He tweeted: "Look out Facebook! Hours spent participating per member dropping seriously. First really bad sign as seen by crappy MySpace years ago."

Sony, News Corp Hackers Are Sentenced to Prison
Wired
Four members of the LulzSec group, an offshoot of Anonymous, have been sentenced in London to between two and two-and-a-half years in prison for their roles in a series of high-profile hacks against Sony Pictures, News International, Electronic Arts and other targets in 2011.

Viacom's 'Star Trek' to Put Summer in Warp Drive
Bloomberg
"Star Trek Into Darkness," the second installment in director J.J. Abrams's reboot of the science-fiction series, is forecast to take in $112 million in its debut, boosted by an early start in theaters this weekend. The Paramount Pictures film opened a day earlier than originally planned.

Comcast Shareholders Meeting Attracts Protesters
Philadelphia Inquirer
About a dozen tea party activists gathered outside Comcast's annual shareholders meeting to protest the company's ownership of the liberal-leaning MSNBC. Inside, shareholders complained about show host Rev. Al Sharpton. "Conservatives can abandon your business."

Time Warner, Hearst Unveil Apps for Google Glass
CNET
Google has unveiled several new apps — or "Glassware," as it calls them — for Google Glass, its wearable computing device. The apps include CNN, Elle magazine, Facebook, Twitter, Tumblr and Evernote. They join apps already available from the New York Times and Path.

CBS Master Showman Moonves on Top of the World
USA Today
CBS CEO Les Moonves said the television industry faces challenges as the way people watch TV changes. "The biggest challenge is getting used to all the different devices." While CBS remains the No. 1 network, "this wasn't broadcast TV's greatest year in terms of new product."

MGM Stake Bought by Activist Investor Daniel Loeb
Hollywood Reporter
Activist investor Daniel Loeb, who last weekend sent Sony a letter urging a spinoff of its entertainment assets, has another Hollywood target — Metro Goldwyn Mayer. Loeb apparently has been acquiring shares on the private market in the closely held movie and TV company.

Time Warner's 'Gatsby' Opens Cannes Film Festival
Reuters
The Cannes film festival opens Wednesday with Baz Luhrmann's lavish period drama "The Great Gatsby." Leonardo DiCaprio and co-star Carey Mulligan will walk the red carpet on the French Riviera to promote the Warner Bros.-backed adaptation of F. Scott Fitzgerald's novel.

News Corp: James Murdoch Sells $25 Million in Shares
Bloomberg
James Murdoch, deputy chief operating officer of News Corp. and son of chief Rupert Murdoch, has sold $25.1 million of nonvoting shares in the company, capitalizing on a 65% gain in the stock over the past year. The sale comes ahead of a proposed News Corp. split-up.

Sony Entertainment Asset Spinoff Seen as Inevitable
Billboard
The idea of spinning out Sony's entertainment assets isn't a new one. It's been in the air at 550 Madison Avenue for several years. Despite CEO Kazuo Hirai's protestations, some sort of spinout is "inevitable," according to a former Sony senior management veteran.

Big Media: Report Names Industry's Top Paid Execs
Deadline
Media CEOs don't run their companies by themselves — a tally of the best paid media chairs, COOs, CFOs, general counsels and other execs with standout compensation includes CBS/Viacom's Sumner Redstone, Comcast's Stephen Burke and News Corp.'s Roger Ailes.

Sony Entertainment Spinoff Sought by Investor Loeb
New York Times
Daniel Loeb has proposed that Sony spin off part of its entertainment arm, which includes one of Hollywood's biggest film studios and one of the world's largest music labels. Loeb, known for shaking up Yahoo, has become a major Sony shareholder through his hedge fund.

News Corp Shakes Up Fox Schedule with Nine Shows
Bloomberg
News Corp.'s Fox Broadcasting unveiled nine prime-time programs for the 2013-2014 season, shaking up a schedule that has fallen into second place among key viewers after once dominating the ratings. Five new comedies and four dramas will join the network's lineup.

Comcast's NBC Tries to Turn Around Its Turnaround
Time
Last season was to be turnaround year for NBC. Struggling in prime time, the network was going to move away from niche sitcoms like "Community" and "Parks and Recreation" and aim for comedies with more mass appeal. Now, for 2013–14, NBC hopes to turn around its turnaround.

CBS May Lose U.S. Open to Cable After Four Decades
SportsBusiness Daily
For the first time in more than four decades the U.S. Open tennis tournament semifinals and finals could be moving to a new TV home. ESPN is close to a deal to obtain all rights to the tournament beginning in 2015. CBS has broadcast the tournament since 1968.

Time Warner's HBO Go Sees Engineer Jump to Netflix
AllThingsD
Rob Caruso, an engineer with HBO who had been working on the Time Warner cable channel's HBO Go service, has left the company to take a job at Netflix. The two video subscription services are both very interested in figuring out the best way to deliver TV-quality video online.

News Corp's Murdoch to Purchase Bel Air Vineyard
Hollywood Reporter
Rupert Murdoch is looking to pick up a new property. "About to celebrate buying beautiful small vineyard right in LA. Great wine, Moraga, owned by great Angelino Tom Jones. Time cover, 1961!" tweeted the News Corp. chief. Moraga is a 13-acre vineyard located in Bel Air.

William Morris Preps Meet-Up to Rival Sun Valley
New York Post
Calling all moguls: Can't make Sun Valley this year? William Morris's Ari Emanuel has a new hot ticket — an alternative venue for pressing the flesh and cooking up deals. The Hollywood talent agency has been working with Google's Eric Schmidt to put together the conference.

News Corp Unveils Corporate Logo Ahead of Split
Associated Press
News Corp. is unveiling a new corporate logo that emphasizes its focus on Hollywood as it prepares to spin off its newspaper division. In an animated video accompanying the logo, two Hollywood-style spotlights sweep the sky before coming to rest amid futuristic sounds.

Disney Preps ABC App Seeking Online Video Ads
Bloomberg
Disney's ABC network, staking a claim to growth in online video ads, will brief advertisers next week on a service providing live shows on mobile phones and tablets. Watch ABC, a first-of-its-kind app from a broadcaster, will stream live and archived shows to pay-TV subscribers.

Time Warner Looks West for Possible Office Move
Wall Street Journal
Time Warner is said to be leaning toward moving its headquarters to the Hudson Yards, a fledgling office district on Manhattan's far West Side. A decision is expected in June. The media giant is also mulling a sale of its Columbus Circle headquarters, which could fetch $1 billion.

News Corp Profit Nearly Triples Despite Publishing
Dow Jones
News Corp.'s profit nearly tripled in the quarter ended March 31, boosted in part by better results from its cable networks. The publishing unit, to be spun off as a separate company, posted sharply lower operating income. A shareholder vote on the separation is scheduled for June 11.

Viacom Says Cablevision Lawsuit Should Be Tossed
Reuters
Viacom said a lawsuit by Cablevision accusing it of forcing cable providers and subscribers to buy channels they don't want should be thrown out. The company contended that Cablevision should not be allowed to take a legal position it had recently opposed in a similar case.

Bloomberg Accused of 'Eavesdropping' on Bank
New York Post
Irked Goldman Sachs brass are said to have confronted Bloomberg LP over concerns reporters at the business news service have been using the company's terminals to keep tabs on employees of the Wall Street bank. The matter raises serious concerns for the firm.

Liberty Media Sees Cable TV Consolidation Coming
Denver Business
Did Liberty Media invest in Charter to recreate a cable TV deal-making machine like Liberty chief John Malone once ran at TCI? That's not Liberty's plan for Charter, but Liberty CEO Greg Maffei isn't ruling it out. He sees another wave of mergers coming in the cable TV industry.

Comcast Annual Meeting Could See MSNBC Protest
Hollywood Reporter
A tea-party group has invited 60,000 activists to Philadelphia to express displeasure with the left-leaning MSNBC directly to Comcast CEO Brian Roberts when he meets investors on May 15. Since some demonstrators are also shareholders, they plan to take their act inside.

Disney Boosted by ESPN as ABC Remains Weak
CNBC
With its stock trading at an all-time high, Disney has delivered growth across each of its five divisions. CEO Bob Iger called it "a great quarter." Disney's media networks business continues to be the company's most profitable — ESPN remains the biggest growth driver.

Media's Future Eyed by New York Times, BuzzFeed
I Want Media
Henry Blodget, Jonah Peretti and Mark Thompson will be among the participants in "The Future of Media: 2013," a panel discussion to be held by I Want Media. The free-admission Internet Week New York forum aims to explore some of the key issues reshaping traditional media.

News Corp: FCC Rejects Attempt to Deny Licenses
The Wrap
The Federal Communications Commission has rejected an attempt to deny News Corp.'s renewal licenses for Fox TV stations based on Rupert Murdoch's character because "there has been no final adjudication" of misconduct in the U.K. phone hacking and bribery cases.

Liberty Taps Former News Corp Exec to Run Virgin
Reuters
Tom Mockridge, the previous head of News Corp.'s British arm News International, will become CEO of cable group Virgin Media, one of Rupert Murdoch's biggest rivals in British pay TV. Mockridge will take the helm once Virgin's acquisition by Liberty Global is complete.

Time Warner: We Have World's Best Video Product
CNET
Many in the media industry are afraid of TV moving online and toward a video-on-demand model, which wreaks havoc on how companies make money. Time Warner CEO Jeff Bewkes isn't one of them. Bewkes touts HBO Go as the "best video product in the world today."

CBS Chief: Netflix Is a Friend, Content Is Still King
CNBC
Over-the-top providers like Netflix are changing the business, but major producers aren't worried because top content will always generate a premium price, said CBS chief Les Moonves. "You'll get paid differently than you do today, but you'll always get paid. Content wins."

Disney, Electronic Arts Team on 'Star Wars' Games
Wired
Electronic Arts will be the exclusive provider of games based on the "Star Wars" series, Disney and the game developer announced. EA will develop games for a "core gaming audience" while Disney will retain the right to develop titles for mobile devices, social platforms and online.

Time Warner Cable, Hearst to Fund NYC Media Lab
Advertising Age
Time Warner Cable, Hearst, HBO and Verizon are helping to fund the fledgling NYC Media Lab as part of a media-industry effort to benefit from research. NYC Media Lab fosters alliances between corporations and data and media researchers at the city's universities.

Univision's Saban Seeks to Triple Asia Investments
Bloomberg
Saban Capital Group, the private-equity firm of Univision chief Haim Saban, wants to triple its investments in Asia over the next two years focusing on media and communication. The company last month opened its second office in the region in Singapore.

Disney's 'Iron Man 3' Gets Extra Footage in China
Washington Post
To woo viewers in the second-largest movie market, Hollywood is courting state censors with odd and even nonsensical inserts. According to the Chinese version of 'Iron Man 3," a milk-grain drink called Gu Li Duo from China's Inner Mongolia fuels the title character's heroics.

Media Giants Chase Online Ads with Original Shows
New York Times
Major media companies — including Conde Nast, Yahoo, Univision and Hulu — are promoting online video programming on a large scale. But it is not clear whether advertising dollars will follow. "I don’t care how good your attention span is," said one ad buyer. "It becomes all a blur."

Time Warner Invests in Video Shopping Startup
AllThingsD
Joyus, a video shopping startup led by former Google exec Sukhinder Singh Cassidy, has raised $11.5 million in a second round of funding, led by InterWest Partners and Time Warner Investments. Existing investors Accel Partners and Harrison Metal also participated.

Disney's 'Iron Man 3' Is Second-Best Opener Ever
Bloomberg
"Iron Man 3," from Disney's Marvel, took in $175.3 million in ticket sales at theaters in the U.S. and Canada for the second-biggest opening weekend ever and the best film debut of the year. The results are second only to "The Avengers," which set an industry record last year.

Time Warner to 'Score Most' at Summer Box Office
Hollywood Reporter
Time Warner is in position to benefit most from the summer box office, while DreamWorks Animation faces the most challenges, according to a Wall Street analyst's annual prognostication. Doug Creutz of Cowen and Co. has picked his "Dirty Dozen" list of top summer films.

Media Moguls Are Enjoying Paydays That Stand Out
New York Times
The top 20 U.S. companies ranked by market cap don't include media. But according to research from the New York Times, media companies employ seven of the top 20 highest paid CEOs. At $60,253,647, CBS chief Les Moonves was the third highest paid exec in 2012.

Disney Offers Shareable Story App Aimed at Moms
Adweek
Disney Interactive took its moment in front of the advertising community this week to pitch a slew of apps, games and other projects. Key among them is Story, an app aimed at parents, designed to pull photos and videos from a user's phone and put them together into a shareable story.

Viacom, Disney Studios Seek Social Media Boost
Associated Press
Movie studios plan to stoke interest in summer films by bringing sneak peeks directly to fans, who then, it is hoped, spread their enthusiasm via social media. For "Star Trek: Into Darkness," Paramount is sharing early photos and videos with Trekkies via a special app.

News Corp Hacking Scandal Reaches Bodyguard
Hollywood Reporter
Former News International CEO Rebekah Brooks's one-time bodyguard is to be charged with concealing potential evidence from the Scotland Yard investigations into phone hacking and the bribing of public officials. David Johnson is described as "a security professional."

Comcast's Cable Unit to Get New Financial Chief
Philadelphia Business
Comcast has named Cathy Avgiris chief financial officer of its cable-TV unit, effective July 1. Avgiris will succeed Dave Scott, who is retiring after 20 years with the company. Avgiris is EVP and general manager, communications and data services for Comcast Cable.

Buffett Joins Twitter During Fortune Magazine Event
TheStreet
Warren Buffett, the 82-year old head of Berkshire Hathaway, has joined Twitter, countering some notions that the "Oracle of Omaha" has little tech savvy. Buffett sent his first tweet at a Fortune magazine panel titled "Warren Buffett on Women and Work ... and other Wisdom."

Big Media Lean More Heavily on Fees from Pay TV
Wall Street Journal
Time Warner, Comcast and other big media companies are relying more on growth in the fees they get from pay-TV distributors to offset an uncertain advertising market, a trend highlighted in their quarterly results. "There appears to be no end in sight on affiliate-fee growth."

Time Warner CEO Discusses HBO's Online Future
Associated Press
Time Warner has offered online subscriptions to HBO in Scandinavia. During an earnings call, CEO Jeff Bewkes was asked about bringing that to the U.S. "We would do it if we thought it was in our economic best interests. At this point, we don't think it makes sense."

CBS Benefits from Not Owning a Hollywood Studio
BuzzFeed
Memo to CBS boss Les Moonves: stay away from the movie business. Based on the earnings results of the movie studios, that's something the company might want to avoid. CBS has turned in a record quarter, posting revenue of $4 billion. TV makes up the bulk of earnings.

Viacom-CBS Chairman in $1.1 Million Tax Dispute
Bloomberg
The Internal Revenue Service has told Sumner Redstone that he owes $1.1 million in taxes and penalties, plus interest, because of a gift to his children in 1972. The case involves stock in the family’s National Amusements, following the settlement of an intra-family lawsuit.

CBS Could Switch to Cable If Aereo Wins Case
Bloomberg
The CBS television network could go off the air and become a cable channel if courts don't stop Aereo from retransmitting shows such as "NCIS" without permission. "We've spoken to cable operators in New York. We can do it in a few days," said CEO Les Moonves.

Time Warner Earnings Up Amid Publishing Losses
CNNMoney
Time Warner has reported improved quarterly earnings, as strong results from its networks and studios overcame losses from the print unit it plans to spin off. Publishing posted a $9 million operating loss — wider than the $4 million operating loss a year earlier.

Fox New Media Head Levinsohn Joins Universal
Hollywood Reporter
Peter Levinsohn has joined Universal Pictures as president and chief distribution officer. He will oversee worldwide home entertainment, new media and digital strategy, among other duties. Prior to heading new media at Fox, Levinsohn was president of Fox Interactive Media.

News Corp Sparks Uproar Over 'Sex with Pig' Ad
IBT
A billboard ad showing a man having sex with a pig has sparked uproar after appearing in a busy neighborhood in Sydney. The shock ad, with the headline "Watch the Forbidden," was placed by the Australian pay-TV firm FoxTel, which is part-owned by News Corp.

FCC Pick is 'Bo Jackson of Telecom,' Obama Says
The Hill
President Obama said he will nominate Tom Wheeler, a former lobbyist and investor, to be chairman of the Federal Communications Commission. Wheeler is a great fit for "one of the toughest jobs in Washington," Obama said. "Tom knows this stuff inside and out."

Comcast Profits Jump Despite NBC, Cable Declines
Philadelphia Inquirer
Comcast has reported weaker results at NBC broadcast TV and deeper cable-TV subscriber losses in the first quarter, but higher revenues and profits because of TV rate hikes and growth in other parts of the business. Comcast's cable division lost 60,000 TV subscribers.

Viacom Begins Turning the Corner on Ad Slump
Reuters
Viacom has reported a 6% drop in revenue because of a weak slate of movies from its studio Paramount Pictures, but advertising revenue turned positive during the quarter. The company's cable network properties began climbing out of a slump as U.S. advertising revenue rose 2%.

News Corp Plans Summer Vote on Company Split
Los Angeles Times
Rupert Murdoch's News Corp. will hold a special meeting June 11 for shareholders to vote on amendments needed to authorize the company's plan to break into two separate publicly traded entities. News Corp. has not established a date for the split to be effective.

Obama to Nominate Wheeler as New FCC Chief
Wall Street Journal
President Obama is expected to nominate Tom Wheeler, a former top lobbyist for the cable and wireless industries, to lead the Federal Communications Commission. Wheeler will take over as the U.S. agency faces a changing tech world. He blogs at mobilemusings.net.

Martha Stewart's Media Operations See Declines
New York Post
Martha Stewart Living Omnimedia has reported a narrowed first-quarter loss on an asset sale as the company's revenue plunged 25%. Declines were steepest in publishing and broadcasting. Stewart's recent publicity over her Match.com profile is seen as a stunt to create buzz.

DreamWorks Near Deal to Buy YouTube Channel
The Wrap
DreamWorks Animation is said to be close to a deal to acquire AwesomenessTV, a YouTube channel aimed at teens and tweens. Awesomeness, which launched last June and rounded up $3.5 million in funding, is positioned as a next-generation Nickelodeon.

Sony, CBS: Who Would Want to Acquire Hulu?
The Wrap
Hulu's board of directors could have a tough time finding a buyer for the video service. "I'm not a buyer," said Sony Entertainment CEO Michael Lynton. CBS boss Les Moonves asked: "Who wants to buy it?" Eventually, he added, the networks will "take back the content."

Weinstein Says Google Is Stealing Media Content
The Wrap
Harvey Weinstein has unleashed a biting attack on Google, saying that the Internet giant's failure to pay content providers for some YouTube videos is "stealing" and threatens to turn media creators into "starving artists." The film producer wants Congress to enact a royalty law.

Martha Stewart Nearly Signed Up for Match.com
NBC Today
Martha Stewart has admitted she considered online dating, but said she failed to get very far on her Match.com application. "I started to laugh halfway down the page," the 71-year-old media mogul told Matt Lauer in an interview to air on NBC's "Today." "It was, like, impossible."

News Corp Split to Give Murdoch a Pay Increase
Hollywood Reporter
Rupert Murdoch's compensation will grow 15%, but be more performance-based after the split of News Corp. into two companies, according to a regulatory filing. The increase will be "allocated to Mr. Murdoch’s performance-based, long-term incentive opportunity."

Google to Overtake News Corp as WPP Beneficiary
TechCrunch
Martin Sorrell, the CEO of WPP, has laid out a stark picture of how significant a role digital plays for the advertising giant. Google will soon overtake News Corp. as WPP's biggest beneficiary, he said. Google is "a media owner masquerading as a tech company."

Time Warner: Most Consumers Won't Pay for Aereo
Hollywood Reporter
CEO Jeff Bewkes said Time Warner hasn't been affected by the Barry Diller-supported digital broadcast TV provider Aereo, given his conglomerate's focus on cable networks. But he added: "I don't think they have much of a proposition. Nobody's going to buy it."

Disney Expected to Continue Strong Performance
Barron's
Even with Disney shares near an all-time high, "spectacular growth in free cash flow" should lead to more magic for investors, according to Barron's. "Disney can monetize their content on a myriad of media platforms." Plus, "ESPN has the best pricing power among any cable entity."

News Corp's Mobile Sale in $100 Million Lawsuit
Hollywood Reporter
Aidan Foley, an entertainment industry exec, has filed a $100 million lawsuit that alleges he was cut out of a deal to acquire Fox Mobile from News Corp. Foley claims that he recruited the individuals who bought the company from News Corp. then was pushed aside.

Google, Conde Nast: Most Sought-After Employers
LinkedIn Talent Blog
Where do New Yorkers most want to work? Google, Conde Nast and Viacom are the top three most sought-after employers among LinkedIn members in New York City. Media is well represented, with NBCUniversal and ESPN among the most attractive to potential candidates.

PwC: Digital, Content Libraries Lead Media Deals
World Screen
PwC has predicted "robust" deal activity in the U.S. entertainment, media and communications sector for 2013, driven in part by access to deep content libraries. Media companies are "proactively executing on strategies that address the consumer shift to digital."

Comcast Eyes Investments in Business Startups
Silicon Valley Business
Louis Toth, a partner in the Comcast Venture investment arm, said he has his eye on startups that focus on business customers. "The advent of broadband and cloud technologies and the democratization of IT are enabling a whole new set of investment opportunities."

News Corp: Police Said to Fail Dowler Hacking Probe
Bloomberg
U.K. police in 2002 failed to investigate whether News Corp.'s now defunct News of the World tabloid hacked the mobile phone of murdered school girl Milly Dowler while a search for her was under way, according to an independent report. Officers had "collective amnesia."

Cox Enterprises CEO Plans Retirement in 2014
Atlanta Business
Cox Enterprises CEO Jimmy Hayes plans to retire in April 2014 and be replaced by CFO John Dyer. The Atlanta-based media giant said the retirement is part of its long-term, succession plan. Hayes, a 33-year Cox veteran, has served as president and CEO since 2008.

CBS Invests in TV Startup in Challenge to Aereo
Bloomberg
CBS, escalating its conflict with the Internet-TV startup Aereo, has acquired a stake in Syncbak, a firm that lets local TV stations stream programming online. Syncbak works with stations to bring broadcasts to the Internet while limiting the programming to authorized viewers.

Time Warner Gets Walmart to Promote 'Man of Steel'
New York Times
Which is more powerful — Superman or Walmart? In an unusual promotional partnership, customers at U.S. Walmart stores will be able to buy tickets to early screenings of "Man of Steel," the coming Superman movie. Warner Bros. and Walmart bill the partnership as a Hollywood first.

News Corp in $139 Million Shareholder Settlement
Dow Jones
News Corp. has agreed to bolster its compliance program as part of an agreement to settle shareholder complaints related to its acquisition of Elisabeth Murdoch's Shine Group and the phone-hacking scandal. "We are pleased to have resolved this matter," the company said.

Viacom, Netflix Carriage Deal to Expire in May
Los Angeles Times
Netflix plans to let its deal to carry Viacom networks Nickelodeon, BET and MTV content expire next month, even though it continues to discuss licensing certain shows. The company said it has been moving away from broad, multi-year deals with networks and cable channels.

Disney's Iger Layoff Legacy Coming Close to Welch
Variety
Bob Iger won't be given the nickname "Neutron Bob" anytime soon. But as the Disney chief initiates yet another round of layoffs and a forthcoming reorganization before stepping down as CEO in two years, he appears to be emulating Jack Welch in more ways than one.

News Corp's Murdoch Experiments with Meditation
Quartz
Rupert Murdoch has told his Twitter followers that he's been experimenting with transcendental meditation. The form of deep relaxation was introduced in India in 1955, gained popularity in the 1960s and '70s, and has more recently picked up adherents among business leaders.

Time Warner, CBS Seen as Candidates for Merger
Bloomberg
Buying CBS would give Time Warner, owner of cable channels such as CNN and TNT, more negotiating leverage to win higher fees from pay-TV systems that carry its programming, according to analysts. A merger "makes a lot of sense." Investors "see it as a possibility."

Dish Network Chief Places Big Bet in Bid for Sprint
Financial Times
Dish Network chief Charlie Ergen has placed his biggest bet to date with his bid for Sprint. By marrying his satellite TV service with Sprint's mobile phone business, he could recast the way Americans consume media. "We're going to get bloody fighting for consumers."

Liberty Media Spinoff Starz Channel Seeks Takeover
Wall Street Journal
Since last August, when Liberty Media said it would spin off the premium cable channel, takeover chatter has swirled around Starz. But with the stock up 55% since then, investors may be focused too much on the rationale for selling out and less on how a deal would get done.

Liberty Media: Deals Shed Light on Role of CEO
Financial Times
A string of recent deals has started to shine a light on Greg Maffei's role as CEO of Liberty Media. "The thing to understand about Greg is he's ADD,” said chief John Malone. Maffei said no unifying principle connects their diverse assets because “we’re too opportunistic."

Hearst 'Citizen' Documentary to Make TV Debut
Albany Times-Union
"Citizen Hearst," a documentary film on the 125-year history of Hearst, will make its TV debut Tuesday on BIO, a Hearst-owned channel. The film offers a detailed look at the company's evolution, featuring interviews with Hearst CEO Frank Bennack, Oprah Winfrey and others.

News Corp, Murdoch Dodge Phone-Hacking Ruin
Bloomberg Businessweek
Nearly two years after the eruption of the phone-hacking scandal that engulfed Rupert Murdoch's media empire, News Corp. has soared in value. Revenue and earnings are up. "The big win for Murdoch is that ... they were able to cordon it off as largely a British story."

Disney to Release New 'Star Wars' Film Annually
Mashable
Disney and Lucasfilm are said to have told CinemaCon attendees that after "Star Wars: Episode VII" arrives in 2015, fans will see a new "Star Wars" movie every subsequent summer. These releases will include the other two movies in the new trilogy and several standalone films.

Guggenheim Digital in Talks for Stake in Vevo
Wall Street Journal
Guggenheim Digital Media has had talks with online music-video company Vevo, and would be interested in taking a controlling share. Separately, Guggenheim has acquired full ownership of entertainment trade publication Backstage and music website Sonicbids, its first deals.

Guggenheim Advises on Hulu Sale, May Also Bid
Reuters
Hulu has hired Guggenheim Partners to advise on a sale of the video website, even as the financial services firm is considering making its own bid. Guggenheim created a digital media unit in January and put former Yahoo and News Corp. exec Ross Levinsohn in charge.

Big Media CEOs See Declines in Pay Packages
Hollywood Reporter
With corporate boards and investors more cautious over executive compensation, the CEOs of many media conglomerates have seen declines in the value of their pay packages. Still, the take-home pay of many media CEOs is seen as "among the most excessive."

Liberty Media's Malone Admires Diller's Yacht
CNBC
When it comes to his personal fortune, John Malone has preferred to put his billions into land and charitable foundations. There is one toy, however, that he does enjoy: Barry Diller's yacht. "It's gorgeous," said Malone. "And better than a fabulous crew, the harmonious elements of it."

IAC's Diller Predicts Death of 'Irrelevant Media'
NetNewsCheck
Barry Diller has warned that "sleepy" companies that behave like "recovering alcoholics" as advertising sales continue to drop off will face extinction in the age of disruption. In a wide-ranging talk, Diller offered his take on everything from social media to newspapers and TV.

Media Moguls Learn from Digital Deal Mistakes
Financial Times
Many big media stocks are trading at or near record highs — as traditional media owners shy away from acquiring digital assets. In the aftermath of deals like AOL-Time Warner and News Corp.-MySpace, digital acquisitions have been few and far between.

News Corp to Name Spin-Off 21st Century Fox
Dow Jones
News Corp. has announced 21st Century Fox as the new name for the TV and entertainment company that will emerge from the spin-off of the media giant's publishing assets. The name speaks to "the innovation and dynamism that define all of our global businesses."

Time Warner Cable to Offer Live TV on Devices
Bloomberg
Time Warner Cable plans to add live out-of-home programming for the first time to its app, letting customers watch shows on Apple mobile devices. The second-largest U.S. cable operator will make as many as 11 live national news, sports and entertainment channels available.

Report: Media Companies to Create Jobs in 2013
Media Week
In a sign of optimism, as many as 56% of firms in the U.K. media sector said they will be creating new jobs this year, according to a Barclays job creation survey. In further positive news, after several years of cuts, 84% of media firms are not expecting to lose jobs this year.

FCC Chair Genachowski to Join Aspen Institute
Washington Post
Julius Genachowski, chairman of the U.S. Federal Communications Commission, will join the Aspen Institute as a senior fellow. The Washington think tank's announcement of Genachowski's next move removes another barrier to the nomination of the next chair.

Scripps Buys Asian Food Network in Singapore
Knoxville News Sentinel
Scripps Networks Interactive has acquired the Asian Food Channel, marking its third lifestyle TV brand in Asia. The Singapore-based channel reaches about 8 million subscribers in 11 markets. The acquisition "significantly expands our presence in key growth markets."

Viacom, NBC in Talks with Twitter for Online TV
Bloomberg
Twitter is said to be close to reaching partnerships with TV networks to bring more high-quality video and advertising to the site. The company has held talks with Viacom about hosting TV clips and selling ads alongside them. Twitter has also discussed a partnership with NBC.

Hulu Former CEO Eyed by DreamWorks Animation
Bloomberg
DreamWorks Animation plans to nominate Universal Music CEO Lucian Grainge and former Hulu CEO Jason Kilar to its board. Grainge has led Universal Music since March 2011. Kilar, Hulu's founding CEO, led the video-streaming service from 2007 until his exit last month.

Disney Infinity Toy-Game Platform Takes Shape
VentureBeat
Disney's Infinity platform for combining toys and video games in a single platform is due in August. Infinity is likely to transform Disney into a huge game company. "We have this treasure chest of intellectual property, and we can decide how much of that to leverage."

Comcast Says Free Ride is Over for Basic Cable
VentureBeat
Cable TV provider Comcast has decided to encrypt all of its channels, including those that are freely broadcast. Previously, you didn't need an adapter box to get basic cable as long as you paid Comcast every month. Now, anyone who has a subscription needs a box.

Liberty's Malone Sees Threat to Cable Bundling
CNBC
Markets are forcing change on cable operators, according to Liberty Media chief John Malone. If sports networks decoupled from cable distribution and offered consumers standalone services at market prices, cable companies would have "an unsustainable model."

Dish's Ergen Makes $25.5 Billion Bid for Sprint
Wall Street Journal
Dish Network has made a $25.5 billion bid for Sprint Nextel, an effort to derail the No. 3 U.S. wireless carrier's acquisition by Softbank. "Sprint is in play," said Dish chief Charles Ergen. "We think we've made an offer that's much more compelling than the Softbank transaction."

Liberty Global, Virgin Media Deal Approved by EU
Dow Jones
Liberty Global has received the green light from European Union regulators for its $22.5 billion acquisition of Virgin Media, the U.K.'s second largest pay-TV operator. The deal is expected to reinforce Liberty Global's challenge against Rupert Murdoch's BSkyB.

CBS' Moonves Gets $62 Million in Take Home Pay
Bloomberg
CBS chief Les Moonves received $62.2 million in total pay in 2012, a drop of 11% that still places him among the top-earning execs in the United States. CBS is "at the forefront of monetizing content in a host of new, incremental ways," the company said in a statement.

Scripps Heir Guilty in Swindle of Family Funds
Associated Press
Michael Scripps, an heir to the fortune of James E. Scripps, has been convicted of stealing $3.6 million from his mother and a disabled uncle. Scripps spent the money on cars, jewelry and women, according to trial testimony. He faces more than seven years in prison.

Time Warner to Market New York Headquarters
Reuters
Time Warner has hired real-estate firm Eastdil Secured to market its headquarters to determine how much the building would fetch should the company decide to sell it. The media giant's 1.1 million square-foot headquarters is part of the larger Time Warner Center.

Comcast Exec Pay Revealed in Proxy Statement
Philadelphia Business
Brian Roberts' total compensation as Comcast's CEO last year was $29.1 million, according to the media company's 2013 proxy statement. That was more than the $26.9 million Roberts earned the previous year, but less than the $31.1 million he received in 2010.

News Corp's Shine in Talks to Buy UK Producer
Financial Times
News Corp.'s Shine Group is in discussions to acquire Big Talk Productions, an independent U.K. film and television production house. The move would mark the first significant expansion for Shine in the U.K. following the sale of the company to News Corp. in 2011.

Time Warner in Talks to Buy Turkish TV Network
Bloomberg
Time Warner is said to be in talks to buy Turkey's ATV television network from Calik Holdings. Time Warner's bid is believed to be about $1 billion, though the discussions could still fall apart. Talks have accelerated recently, with Time Warner seen as the front-runner.

Disney Layoffs Tied to Entertainment Acquisitions
Los Angeles Times
Disney has begun the process of laying off about 150 people who work at the company's movie studio. Analysts said that the layoffs are probably related to redundancies created by Disney's recent acquisitions of Marvel Entertainment in 2009 and Lucasfilm in 2012.

Liberty Media Tightens Grip on Sirius XM Radio
Wall Street Journal
Sirius XM Radio has named Liberty Media CEO Greg Maffei as its new chairman, further consolidating Liberty's control of the satellite radio firm. Sirius XM also nominated two additions to its board: Discovery CEO David Zaslav and Liberty chief John Malone's son Evan.

CBS Outdoor Unit Attracts Private Equity Interest
Financial Times
Rivals to CBS Outdoor have pulled out of the formal bidding process for the company's international arm, leaving just private equity investors in the running. About five groups, including Providence Equity and Platinum Equity, have proceeded to the second round of bidding.

Chernin Makes Bids on Growth in Online Video
Variety
Peter Chernin's media-holding company has made a $500 million bid for Hulu. Chernin is also leading a $30 million investment round that is about to close for Fullscreen, a YouTube-centric venture. Chernin aims to figure out how to build businesses around growth in online video.

Slim's Online TV Network Buys Production Firm
Reuters
Ora.TV, the fledgling online digital TV network backed by Mexican billionaire Carlos Slim, has acquired production company Stick Figure Productions in order to expand its content. Ora.TV is home to talk show host Larry King's new program, "Larry King Now."

Time Warner: IPC Chief Leaves Ahead of Spin-Off
Financial Times
Sylvia Auton plans to retire as CEO of IPC Media — another vacancy in the executive ranks of Time Warner's magazine division as it prepares to spin off from the media conglomerate. Auton worked for 36 years at IPC Media, the U.K.-based publishing group.

Hearst's 'Citizen' Corporate Film Muddies History
Variety
"Citizen Hearst," a Hearst-produced documentary tied to the company's 125th anniversary, will air on the media giant's Bio channel on April 23. The film "plays like a feature-length corporate video, the latest example of media companies indulging in blatant self-promotion."

News Corp, Sony Hacker 'Kayla' Admits Attacks
Reuters
British hacker Ryan Ackroyd has pleaded guilty to cyber attacks on Sony, PBS, 20th Century Fox, Rupert Murdoch's News International, and others. Ackroyd, who was arrested in 2011, used the persona of a 16-year-old girl named Kayla as part of hacking group LulzSec.

Sony Entertainment's CEO Deal Quells Sale Talk
Financial Times
Michael Lynton has signed a new deal to continue as CEO of Sony Entertainment, a move that should quell speculation about Sony selling its movie studio and music business. Several companies are known to be eyeing Sony's film studio, including broadcaster CBS.

CBS Joins Threat to Go Off Air in Fight with Aereo
New York Times
CBS chief Les Moonves said he "wholeheartedly supported" News Corp.'s Chase Chase, who has threatened to pull Fox network off the air if courts don't stop TV streaming upstart Aereo. CBS has held exploratory talks about taking its local station signals off the air.

Hearst Exec's Sexy Text Messages Posted Online
Business Insider
Scott Sassa, Hearst's head of entertainment and syndication, was let go by the media giant in March after "sexy" text messages he exchanged with an escort were forwarded to company management. The website Business Insider has published an online slideshow of the messages.

Murdoch, Diller in Showdown Over Future of TV
Bloomberg
Rupert Murdoch and Barry Diller are squaring off in what is fast becoming a struggle for the future of television. Murdoch's News Corp. said it may end Fox's 26-year run as a free broadcast channel if U.S. courts continue to allow the Diller-backed Aereo to retransmit programming.

Disney to Lay Off 150 Staffers After Cost Review
Dow Jones
Disney is said to be preparing to lay off about 150 people at its movie studio following a corporate cost review. Expected to occur this week, the layoffs will affect most divisions at the Walt Disney Studios including home video, theatrical distribution and marketing.

Time Warner's Bewkes Sees Little Change in Pay
B&C
Time Warner CEO Jeff Bewkes' total compensation for 2012 was just under $25.9 million, down slightly $25.94 million the previous year, according to a regulatory filing. Bewkes' salary was unchanged at $2 million; his stock awards rose while his options dropped.

Martha Stewart Trial Over Brand Returns to Court
Associated Press
Attorneys for J.C Penney and Macy's have returned to court to fight over the Martha Stewart brand after a mediation period went nowhere. At issue is whether Macy's has the exclusive rights to sell some Martha Stewart branded products, such as cookware and bedding.

Reed Elsevier Acquires Academic Social Network
Guardian
Reed Elsevier has upped its efforts to build its digital business with the $100 million acquisition of Mendeley, a London-based academic social network. Mendeley allows academics and organizations to organize their research and journals, as well as collaborate online.

News Corp, Disney Underwhelmed by Bid for Hulu
Financial Times
Peter Chernin, former COO of News Corp., has made a $500 million bid for Hulu, the online video site. But owners News Corp. and Disney are said to be "underwhelmed” by the offer. They "anticipate that Chernin's bid could increase with certain program rights attached to the sale."

Disney/ABC's App Downloaded 10 Million Times
MediaPost
Disney/ABC Television Group's ABC Player app — the first network to offer a mobile app — has hit a milestone. The app has been downloaded 10 million times since its introduction. ABC says there have been 200 million episode "views" and over 1.31 billion ad impressions.

Liberty Global to Win EU Approval for Virgin Deal
Reuters
John Malone's Liberty Global is expected to win European Union clearance for its $15.8 billion bid for Virgin Media, in a move which pits the U.S. billionaire against rival Rupert Murdoch. Liberty Global unveiled the takeover offer for the British pay-TV provider in February.

Comcast Execs See Increases in Take-Home Pay
Hollywood Reporter
Comcast CEO Brian Roberts earned $29.1 million in total compensation in 2012, up from $26.9 million, the media giant said in a filing. CFO Michael Angelakis was paid $23.2 million, up from $21.9 million; Steve Burke, CEO of NBCUniversal, earned $26.3 million, up from $23.7 million.

Chernin Bids $500 Million for Hulu Video Website
Reuters
Former News Corp. president Peter Chernin is said to have bid $500 million for Hulu, the video website he helped create in 2007. Hulu, jointly controlled by News Corp. and Disney, reached out to potential buyers in March. Chernin's holdings span film and TV production.

Disney to Begin Layoffs in Cost-Cutting Review
Reuters
Disney expects to begin layoffs at its studio and consumer product divisions within the next two weeks, in the latest cost-reduction step to emerge from a company-wide review. On Wednesday, Disney began layoffs at the LucasArts games studio.

Comcast, Chernin Invest in Startup for YouTube
AllThingsD
Comcast and the Chernin Group are investing in Fullscreen, a startup that aims to help video makers manage their presence on YouTube. The two companies are part of a $30 million round that gives Los Angeles-based Fullscreen a pre-money valuation of $110 million.

News Corp's Murdoch Faces Protest in Australia
ABC
Police removed rowdy protesters as they rallied outside the National Gallery in Melbourne to heckle Rupert Murdoch. One placard held by a protester read "Eat the rich." The News Corp. CEO was attending the 70th anniversary dinner of the Institute of Public Affairs.

Disney Shuts Down LucasArts Gaming Division
CNNMoney
Fresh off its acquisition of LucasFilms, Disney is shuttering LucasArts, the company's video game division. Disney plans to take LucasArts' franchises and license them to third-party game developers. LucasFilm said it would lay off workers "across the organization" as a result.

Comcast's Burke Cleans Up a Messy 'Tonight'
Hollywood Reporter
Comcast's Steve Burke took the lead in patching things up with Jay Leno, seeking an orderly transition as Jimmy Fallon took the reins of "The Tonight Show." Burke met with Leno and told him, in effect, "There's no way for this to be handled properly if you don't embrace it."

Time Warner Starts Online Streaming Service
Bloomberg
Time Warner's Warner Bros. has started a subscription streaming service featuring vintage TV shows and films, creating a new player in the online viewing field. The titles reach back to films from the 1920s, tapping content not available through agreements with Netflix and others.

Viacom to Make New 'Transformers' in China
Reuters
Viacom's Paramount Pictures has reached a deal with the government-run China Movie Channel and its online movie partner, Jiaflix, to produce "Transformers 4" in China. The deal marks the first time China Movie Channel will work with a western studio on a film in China.

Disney Is Paid for '20,000 Leagues' in Australia
Associated Press
Australia has paid its biggest Hollywood inducement ever to bring "20,000 Leagues Under the Sea" Down Under. Walt Disney Studios will film a new version of the science fiction classic in Australia, which will pay the studio $22.6 million to film there. David Fincher will direct.

Comcast Sees Increase in TV Binge Watching
VentureBeat
Comcast is granting pay-TV customers access to full seasons of a slew of hit TV shows in a weeklong promotion. The "watchathon" enables viewers to embark on what is known as binge watching. "We're seeing double-digit percentage increases in views across platforms."

Report: Media, Tech M&A Outlook Is 'Robust'
MediaPost
Across the media and technology sectors, nearly 50% more companies in the $10-to-$50 million revenue range plan to make an acquisition this year, according to Jordan, Edmiston Group. Many of these companies are looking for "content engines," among other assets.

U.S. Media Stocks Best Proving Malone Wrong
Bloomberg
Entertainment companies are proving a safer bet than Liberty Media chief John Malone forecast four years ago, when he predicted some would follow the decline of music labels and newspapers amid online competition — U.S. media stocks are producing the best risk-adjusted return.

Viacom, YouTube Spar Over Copyright Lawsuit
Hollywood Reporter
Both Viacom and YouTube believe the other side is shifting the burden of showing what the video-sharing site knew, as a judge prepares to rule on whether the high-profile case goes to trial or not. "It is not Viacom's burden to prove specific knowledge or awareness."

CBS, News Corp Ignore Pay-TV Doomsayers
Los Angeles Times
CBS and News Corp. apparently aren't worried about cord cutters. CBS is buying half of the TV Guide Network, while News Corp. is creating the FXX cable channel. Both companies are making the investments at a time when the pay-TV business model is facing challenges.

Hearst's New CEO Talks Business, Succession
WWD
Steve Swartz, the CEO-designate at Hearst: "Newspapers are still a tough business. I don't want to claim we have all the answers. We've tried some things that are showing signs of success, and we're pleased with our results. We remain committed to seven-day publishing."

Disney Leads Ranking of Top Media Companies
MediaPost
Disney has taken the No. 1 spot in a ranking of top media companies based on revenue and profits, boosted in part by "The Avengers." News Corp. is in second place, despite major losses in publishing. Time Warner is ranked third, according to researcher SNL Kagan.

Viacom's Paramount Wants to Build a TV Studio
TheWrap
Paramount Pictures wants to get back into the TV business. Chief Brad Grey, a prominent former TV producer himself, is looking to build a new TV division to insulate the studio from the lagging film industry. Grey is said to be meeting with candidates who could run the new TV studio.

Miramax, Scorsese Join for 'Gangs' TV Series
Bloomberg
Miramax and director Martin Scorsese are developing a TV series based on his film "Gangs of New York," the studio's first production since investors bought it from Disney. The show will expand from the movie's focus on 19th-century gangs to explore organized crime.

Disney: Is CEO Iger's Exit Still on Course for 2015?
Variety
Bob Iger is slated to step down as CEO of Disney in 2015. But there is already talk that he may not be ready to leave. Shareholders certainly don't want to see him go. They rewarded him with a $40 million payday last year for boosting Disney's stock price to record levels

Hearst Names Swartz to Succeed Bennack as CEO
SFGate
Hearst has named president and COO Steve Swartz to succeed longtime CEO Frank Bennack, effective June 1. Swartz, a former head of Hearst newspapers and founding editor of SmartMoney magazine, began his career as a reporter with the Wall Street Journal.

News Corp Rides Bull Market Despite Ratings Dip
TheStreet
News Corp. investors have doubled down on the stock since June when chief Rupert Murdoch agreed at long last to separate his publications assets from his much faster-growing TV and film businesses. News Corp shares have gained 35% since that announcement.

Liberty Global Acquires $807 Million Stake in Ziggo
Bloomberg
Liberty Global has purchased a 12.7% stake in Dutch cable-TV operator Ziggo from Barclays after the British bank failed to find enough buyers in a share sale. John Malone's cable giant has been acquiring European cable assets to expand in the continent's pay-TV market.

News Corp: A Terrific Business Despite Scandals
Bloomberg
News Corp. is a "terrific business," according to Mediatech Capital chief Porter Bibb. "It is the very model of a modern media company." However, the scandals at its British newspapers have "distracted management and ruined the chances of James Murdoch succeeding his father."

Bertelsmann Plans to Spend $3.9 Billion on Deals
Bloomberg
Bertelsmann said it plans to spend as much as $3.9 billion on acquisitions over the next three years, as Europe's largest media company seeks to expand. The owner of Random House will focus on deals worth "a couple hundred millions of euros" rather than a single big acquisition.

Time Warner's HBO Could Boost Shares of Netflix
CNBC
Netflix is poised to get a boost as competitors like Time Warner's HBO make moves to adopt an on-demand streaming model, according to Pacific Crest analyst Andy Hargreaves. "We think there is a big paradigm shift. It's a big move from everything live to on-demand."

CBS Acquires Half of TV Guide, Plans Rebranding
Deadline
CBS has confirmed its acquisition of 50% of TV Guide, the company that includes the cable network TVGN and TVGuide.com. CBS is said to be paying about $100 million for the stake. TVGN will be "rebranded" but will "continue to be entertainment-focused."

Panel: Traditional Media Adapting to Digital Trends
WWD
Don't count out traditional media just yet — That's one of the many conclusions from a panel discussion on M&A in digital media, hosted by the Association for Corporate Growth. Gannett, Hearst and Conde Nast are "approaching the shift in digital media differently."

Time Warner Studio Guards the Old, Tests the New
Dow Jones
Kevin Tsujihara, Warner Bros.' recently appointed CEO, hopes to pull off a difficult balancing act: Maintaining profits from traditional sources while experimenting aggressively to prepare for a radically different digital future. "We need to anticipate where the market is going."

Viacom's Netflix Deal May Be Costly, Analyst Says
AllThingsD
Viacom has seen a flood of new revenue from digital services, primarily Netflix. But Bernstein analyst Todd Juenger warns that kids' programmers like Viacom may suffer, because they are training children of Netflix subscribers to watch shows on the Internet instead of TV.

Comcast to Help Nielsen Measure Tablet Viewing
B&C
Comcast has helped Nielsen get over a major hurdle on the road to "TV Everywhere" by developing a way to measure viewing on iPads. Nielsen plans to inform customers it hopes to begin incorporating mobile viewing into the ratings used to buy and sell advertising.

Burkle, Beckman Team for Branded Entertainment
New York Post
Former Conde Nast exec Richard "Mad Dog" Beckman has teamed with supermarket magnate Ron Burkle and lawyer Joel Katz to form a branded-entertainment firm called Three Lions Entertainment. The plan is to revive the branded shows "Fashion Rocks" and "Movies Rock."

News Corp to Sell Broadcast TV Stake in China
Dow Jones
News Corp. plans to sell a 5.28% stake in China's Phoenix Satellite Television Holdings for about $92 million, as the media giant prepares to restructure itself into separate companies. The sale is intended to "simplify ownership structures," said exec James Murdoch.

CBS Said to Acquire Stake in TV Guide Network
Bloomberg
CBS is said to be buying a 50% stake in TV Guide Network for more than $100 million, giving the company a new basic cable outlet. The tie-in with CBS would give TV Guide Network leverage to raise fees and expand into more U.S. homes with TV subscriptions.

FCC Chief Genachowski to Announce Departure
Wall Street Journal
Julius Genachowski, chairman of the Federal Communications Commission, is set to announce that he will step down after four years on the job. His exit will leave the five-member agency with two vacant seats. President Obama is expected to fill those seats soon.

Viacom Adding TV Journalist Norville to Board
Bloomberg
Viacom is adding TV journalist Deborah Norville and World Economic Forum adviser Cristiana Falcone Sorrell to its board of directors. Norville is the anchor of "Inside Edition," a syndicated news show. Falcone Sorrell is the wife of WPP CEO Martin Sorrell.

News Corp's Murdoch Deems UK Rules 'Holy Mess'
Hollywood Reporter
Rupert Murdoch has continued to criticize a U.K. press regulation deal on Twitter and celebrated the defeat of planned new media regulation in Australia. "Oz media censorship beaten back," he tweeted before calling a plan to establish a new U.K. press regulator a "holy mess."

NFL Venture to Invest $300 Million in Media, Tech
Bloomberg
The National Football League is teaming with Providence Equity Partners to invest $300 million in sports and entertainment-related media and tech companies. "We will focus on innovative growth opportunities that could create meaningful value for the NFL and our fans."

Liberty Eyes Cable TV Deals After Charter Stake
Reuters
Liberty Media will buy a 27% stake in Charter Communications, signaling chief John Malone's return to his roots in cable TV and a renewed appetite for consolidation. CEO Greg Maffei said he sees opportunities for further acquisitions "if attractive opportunities arise."

News Corp Nearing End of Justice Dept Probe
Los Angeles Times
The Department of Justice is said to be nearing the end of a broad investigation into alleged corruption at News Corp., in the wake of the phone-hacking scandal at the company's British publishing unit. News Corp. is due to split into two public companies this summer.

AT&T Hacker Sentenced to 3.5 Years in Prison
Wired
A hacker charged with federal crimes for obtaining the personal data of 100,000 iPad owners from AT&T's website has been sentenced to 41 months in prison. Andrew Auernheimer, age 26, was pinned down and handcuffed during a minor skirmish in the courtroom.

Viacom Creating TV Production Hub in Atlanta
Atlanta Business
Viacom plans to make Atlanta a hub for TV programming. The owner of BET, MTV, VH1 and Comedy Central is bringing more TV production work to the region, drawn by lower operating costs and tax incentives. Georgia is among the top five U.S. states for film and TV production.

Liberty Media Buys 27 Percent Stake in Charter
MarketWatch
John Malone's Liberty Media has agreed to buy about 27% of Charter Communications for about $2.62 billion, helping Liberty re-establish itself as a major force in cable TV. Charter is the eighth biggest pay-TV provider, with some 4.2 million video subscribers.

Disney, News Corp Revisiting Plan to Sell Hulu
Associated Press
Disney and News Corp. are "finalizing" their future plans for Hulu, as the video site prepares for the departure of CEO Jason Kilar. The plans under consideration are said to include putting Hulu back up for sale. Its owners tried to sell Hulu before but decided against it in 2011.

News Corp Faces 600 New Phone-Hacking Claims
Guardian
British police are said to be investigating new allegations of phone hacking at Rupert Murdoch's now defunct News of the World newspaper. Scotland Yard detectives believe they can identify as many as 600 new incidents after obtaining the phone records of an insider.

Comcast: $1 Billion Deal for 30 Rockefeller Center
New York Post
Comcast is entering an agreement to take full ownership of a majority of the floors at 30 Rockefeller Center — the famous home of NBC. Brian Roberts' Philadelphia-based cable company is now free to slap its name on one of New York City's best-known skyscrapers.

WPP to Invest $10 Million in SFX Entertainment
New York Times
WPP, the $20 billion global advertising giant, plans to invest an estimated $10 million in Robert F.X. Sillerman's company, SFX Entertainment. Sillerman is building a $1 billion empire largely around the appeal of dance music. WPP "recognizes the power of dance music."

Liberty Media CEO Named Chief of Live Nation
New York Times
Live Nation, the concert and ticketing giant, has named Greg Maffei as chairman. He replaces Irving Azoff, the longtime music exec. Maffei's arrival gives significant control of the company to Liberty Media, which is Live Nation's largest shareholder. Maffei is Liberty's CEO.

Comcast Now Nation's Second Largest Advertiser
Philadelphia Inquirer
Five years ago, Comcast was the nation's 50th-largest advertiser. Now with NBCUniversal under its corporate umbrella, Comcast has risen to second-largest behind Procter & Gamble. Research firm Kantar Media said Comcast uncorked $1.7 billion in ads in 2012.

Hearst to Name Sassa Successor After Scandal
New York Post
George Kliavkoff, EVP of Hearst's entertainment division, is expected to take on Scott Sassa's role at the company, after the exec abruptly exited this week over a "sexting" scandal with a stripper. Sassa reportedly was sending "explicit" messages on his company phone.

Time Warner's Mag Spinoff Seen as Hunter or Prey
Bloomberg
The spinoff of Time Inc. to create the world's largest public magazine publisher may be just the beginning of deals for the owner of People and Sports Illustrated. With an estimated value of $3.9 billion, Time Inc. "could either be an acquisition target or it could itself be an acquirer."

Comcast, Networks Collaborate on TV Binge Week
Associated Press
Comcast is planning a TV "watchathon" for the last week of March, collaborating with more than 30 networks to make entire series available for free on demand. The promotion aims to encourage binge viewing. "We're at an inflection point in how people watch television."

Disney Delays Ambitious Video Game, Toy Effort
New York Times
The introduction of Disney Infinity, an ambitious new video game and toy initiative, has been pushed from June to late August, a retail window that Disney said was more favorable. But the delay also means that any chance of a unit turnaround will occur later than expected.

News Corp's Murdoch Joins Closed-Door Retreat
Politico
John Boehner, Dick Cheney and Paul Ryan were among the big names in U.S. Republican politics who spent last weekend hobnobbing at the invitation-only American Enterprise Institute think tank's annual forum. Rupert Murdoch was there, as were plenty of big donors.

Hearst Exec Quits Amid Sexting Stripper Scandal
New York Post
Scott Sassa is said to have left Hearst over an extortion plot involving a stripper he was "sexting." Sassa, the head of Hearst's entertainment group, which manages the company's interests in ESPN and Lifetime, is quitting after the stripper forwarded texts to Hearst top brass.

FCC Chief Genachowski Expected to Step Down
Washington Post
Julius Genachowski, chairman of the U.S. Federal Communications Commission, is expected to step down as early as April. Top candidates to succeed him include Tom Wheeler, Karen Kornbluh and Lawrence Strickling, who have long relationships with President Obama.

News Corp Unveiling TV Network to Rival ESPN
New York Times
Rupert Murdoch has plans to challenge ESPN head on and claim some of the lucrative revenue that the sports media giant has had largely to itself for more than three decades. On Tuesday, Fox will announce its intention to start Fox Sports 1, an all-sports network, in August.

Sony Chief Stringer Announces Plan to Retire
Financial Times
Howard Stringer, who became CEO of Sony in 2005 and stepped back to be chairman of the board last April, plans to retire from the company at its shareholders meeting in June. His exit, he said, would allow him to pursue "new opportunities" that have been presented lately.

Time Warner to Spin Off Time Inc Magazines
CNNMoney
Time Warner is spinning off its Time Inc. magazine division, in a surprise move that follows talks of a potential sale to rival publisher Meredith. Time Warner CEO Jeff Bewkes said the spin-off should be completed by the end of 2013. Time Inc. CEO Laura Lang is leaving the company.

News Corp Unveils Tablet Computer for Schools
New York Times
News Corp.'s fledgling education unit will not sell just its curriculum on existing tablets — it will also offer its own 10-inch Android tablet for K-12 schoolchildren. "We understand technology," said Joel Klein, who leads News Corp.'s Amplify, "and we understand education."

Comcast Makes Cord-Cutting Offer You Can't Refuse
Wall Street Journal
Comcast and other cable companies are pricing services in ways that make it less beneficial for customers to "cut the cord" and drop TV service, with discounts close to nil. People are "pretty much forced into buying" both TV and Internet services, said one customer. "It doesn't make sense."

NBCUniversal Lays Off 450, Shakes Up 'Today' Show
New York Post
NBCUniversal is laying off 450 employees in another round of belt-tightening. The pink slips will take place across the board. NBC is also shaking up management at "Today" after the once-dominant morning show fell in the ratings. Veteran Jim Bell "is being carried out on a stretcher."

Time Warner Creates Power Struggle at Warner Bros
Los Angeles Times
Two years ago Time Warner CEO Jeff Bewkes created an office of the president to inspire three ambitious execs into collegial competition for the top job at Warner Bros., Hollywood's largest film and TV studio. The effort, however, is said to have inspired distrust and disharmony.

MGM Eyes IPO with Boost from Success of 'Skyfall'
Financial Times
James Bond is back with a bang after "Skyfall" scored the highest opening weekend performance by a film in the series. The movie is "breaking records on every continent" and is expected to be used by co-producer Metro-Goldwyn-Mayer as a platform for an initial public offering.

Disney to Kick Off New 'Star Wars' Trilogy in 2015
TheWrap
Michael Arndt, who won an Academy Award for "Little Miss Sunshine," has been hired to write the screenplay for "Star Wars: Episode VII." The film is slated for release in 2015 and will launch a new trilogy under Disney, which acquired Lucasfilm for $4.05 billion last month.

Anschutz Seeks $10 Billion for Entertainment Group
New York Post
Bidders for Anschutz Entertainment Group should be prepared to open their wallets. The sports and entertainment powerhouse, which put itself up for sale in September, is said to be looking to fetch some $10 billion. The company is described as attractive because of its sports assets.

Oprah Winfrey Seeks to Trademark 'Oprah Organics'
New York Post
Oprah Winfrey appears to be getting into the organic food business. Several applications for "Oprah's Organics" were filed last month with the U.S. Patent and Trademark Organization. The filings are to use the name for products including soups, beverages and snack dips.

Martha Stewart Seen as Problem at Her Company
New York Times
Martha Stewart continues to collect lavish multimillion-dollar compensation and perks while her company teeters under the weight of huge losses, its shares trading for a fraction of their former value. Last week, Stewart's company reported a staggering $50.7 million quarterly loss.

Disney CEO: Don't Write Off Broadcast Networks Yet
MarketWatch
Bob Iger said it would be "premature" to assume that the weakness seen across most of broadcast television so far this season signals the demise of traditional network TV. Increased use of digital video recorders has shifted ratings away from traditional metrics, said Disney's CEO.

News Corp May Face Charges Over Bribery Allegations
Telegraph
News Corp.'s British newspaper publishing arm could face corporate corruption charges over alleged bribery of public officials. The news comes following reports that journalists under investigation over alleged payments to public officials are being pressured to implicate senior execs.

Chernin's Media Company Nabs Big Qatar Investment
Reuters
Peter Chernin, the former News Corp. president who now heads the Chernin Group, has received a "significant" investment from Qatar Holding to invest in media and technology outfits. The Chernin Group is said to have nearly $300 million to expand the media holding company.

Weinstein, Clear Channel Prep Sandy Relief Concert
Multichannel News
Madison Square Garden, Clear Channel and the Weinstein Co. will produce a live concert to provide assistance to those impacted by the superstorm that has devastated the New York tri-state area. "12-12-12" will take place Dec. 12, with artists and ticket pricing to be announced.

News Corp Buys Out Disney in ESPN Star Sports
IndianTelevision
News Corp. has completed its acquisition of ESPN Star Sports, a joint venture company formed 16 years ago with Disney's ESPN to dominate sports broadcasting across Asia. News Corp. in June had announced plans to buy ESPN's stake to become the sole owner of the sports network.

CBS Considers Streaming of Shows Still on the Air
Wall Street Journal
CBS is considering allowing online outlets to stream TV shows currently on the air, said CEO Les Moonves, as the company reported another quarter boosted by digital revenue. "The sky's the limit" in terms of the company's ability to generate more revenue from Netflix, Moonves added.

Time Warner Reports Boost from Netflix, Amazon
TheWrap
Time Warner brought in $100 million from streaming services like Netflix and Amazon in its third quarter, said CEO Jeff Bewkes. So far this year, revenue from digital platforms has topped $250 million, leading to "stabilization" in the industry. "We see greater opportunities."

Time Warner Eyes Broadcast, Pay-TV Acquisitions
Financial Times
Time Warner is eyeing acquisitions of broadcasters and pay-TV networks as it plans investments in markets from Latin America to Germany to expand its $3 billion international TV networks business. "Logical markets for acquisitions would be Brazil and Colombia," said one adviser.

Disney Rumored in Acquisition Talks with Hasbro
MTV Geek
Disney is rumored to be in "serious discussions" to acquire Hasbro, the U.S. toy and game giant. Such a deal would give Disney the rights to Transformers, G.I. Joe, and Dungeons and Dragons. The rumor comes on the heels of Disney's $4 billion acquisition of Lucasfilm last week.

News Corp Takes $67 Million Charge on Scandal
Wall Street Journal
News Corp. said it took a $67 million charge on its quarterly results related to an investigation into a series of scandals it initiated when the media giant closed its News of the World tabloid. The scandal has led to investigations into phone hacking, bribery, money laundering and more.

Viacom Dispute Hurts DirecTV Results in Quarter
Reuters
DirecTV saw more subscribers than expected cancel in the quarter due to a programming dispute with Viacom that blacked out channels such as Nickelodeon and MTV for nine days in July. DirecTV's 20 million customers had lost 26 Viacom networks in an unprecedented blackout.

Time Warner Shook from Hurricane, CNN's Piers Says
Daily Mail
Piers Morgan: "Nothing quite prepared me for what happened in New York with Hurricane Sandy." Time Warner Center — "one of the biggest, newest and supposedly strongest multi-skyscraper edifices in America" — was "shaking and rattling like a cupboard full of steel skeletons."

Hearst to Acquire Database Business in Healthcare
Modern Healthcare
Hearst has reached an agreement to acquire the care guidelines business of Milliman, a Seattle-based actuarial and consulting firm. Milliman's care-guidelines business provides clinical healthcare databases. The company's products are used in more than 1,200 hospitals.

McGraw-Hill in Talks to Sell Education Unit to Apollo
Wall Street Journal
Apollo Global Management is said to be in exclusive talks to buy the education unit of McGraw-Hill, in a deal that could be worth about $3 billion. The two sides could reach an agreement within a few weeks. The private-equity firm reportedly prevailed over two other bidders.



News Corp's Murdoch on Anti-Obama Twitter Drive
Bloomberg
Rupert Murdoch has increased the volume of his political posts on Twitter in the run-up to Election Day, making him one of the most vocal execs on U.S. politics. News Corp.'s CEO has been reminding his followers that a continued Obama presidency would be disastrous for the economy.

FCC Chief Seeks Media-Ownership Vote This Month
Multichannel News
Julius Genachowski, chairman of the Federal Communications Commission, said in July that the agency is on track to issue an order on its media ownership notice of proposed rulemaking by year-end. According to sources, he is expected to circulate an item for a vote on Nov. 30.

U.S. Cable Industry to Seek Silicon Valley Pizzazz
Reuters
The U.S. cable industry, hoping to beat back the emergence of online video, is turning for ideas to Silicon Valley. Leading players from Time Warner Cable to Comcast plan to set up a showpiece research center in the heart of the region. The industry needs to "get re-energized."

Hearst Invests in Spooky Cool Social Game Publisher
VentureBeat
Hearst has made a minority investment in Spooky Cool Labs, a social game studio that just released a "Wizard of Oz" game on Facebook. "We plan on pairing our intellectual property with the expertise of Spooky Cool to build a big presence in this space," said Hearst exec Scott Sassa.

Media Giants Signal Sluggish Ads After Superstorm
Wall Street Journal
CBS, Time Warner, Discovery and News Corp. will report for the September quarter this week. Execs are likely to indicate the expected impact of Hurricane Sandy. The superstorm's total impact on the advertising market could be a revenue loss of about $500 million.

NBCUniversal's Sandy Benefit Rakes In $23 Million
Associated Press
NBC says its benefit concert for Superstorm Sandy victims drew nearly $23 million in donations to the American Red Cross. Friday's telethon included performances by artists native to the areas hardest-hit by Sandy, including New Jersey's Bruce Springsteen and New York's Billy Joel.

News Corp: Cozy Texts to Prime Minister Revealed
Daily Mail
New text messages between Rebekah Brooks and David Cameron have been made public. In one, the former News Corp. exec tells the U.K. prime minister that she will "love working together." The message is among a cache of data submitted to a British inquiry into media ethics.

Disney Deal Tightens Hollywood Ties to Silicon Valley
San Jose Mercury News
Last week's announcement that Disney will buy Lucasfilm for $4 billion has cinched tighter the ties between Hollywood and the Bay Area. As new technologies reshape the entertainment landscape, industry execs see Silicon Valley as a growing force in the future of filmmaking.

Hurricane to Cost Media Biz Half a Billion Dollars
Adweek
The media economy is being dealt a staggering blow by Hurricane Sandy. In disrupting local TV and radio broadcasts and putting a halt to all New York media buying, Monday's storm is likely to cost the media industry as much as half a billion dollars, according to Pivotal Research.

Media Mojo Melts: Downer Third Quarter Predicted
New York Post
After a boffo first half, media companies over the next two weeks will report disappointing results for the third quarter, according to Bernstein Research. A poor summer box office and plummeting TV ratings are among the contributors. Plus: "The Olympics stole ad dollars."

Comcast's Universal Pictures Lays Off 25 Staffers
Hollywood Reporter
Universal Pictures is laying off about 25 employees, or a little more than 1% of its workforce, mostly the studio's home video division. Like the rest of Hollywood, Universal is dealing with an eroding DVD and home video market and the rising costs of movie production and distribution.

Disney's Lucasfilm Deal to Help Fund Education
Hollywood Reporter
By the end of the year, the $4 billion sale of Lucasfilm to Disney should be finalized. And since George Lucas owns 100% of his company, all that money goes to him. After that, Lucas plans to put the bulk of the money into a foundation that will primarily focus on educational issues.

Viacom, Disney Donate $3 Million to Sandy Relief
CBS News
Viacom and Disney are helping with the Hurricane Sandy relief effort. Viacom donated $1 million to the cause, and Disney is giving $2 million. Both companies also have matching donation programs for employees. On Wednesday, News Corp. announced a $1 million donation.

Time Warner Donates $1 Million to Hurricane Efforts
Business Wire
Time Warner and its units including HBO, Time Inc., Turner Broadcasting and Warner Bros. are announcing a minimum commitment of $1 million to aid in Hurricane Sandy relief efforts. Said CEO Jeff Bewkes: "Time Warner and its employees have always responded in selfless ways."

Media Giants Reopen Offices After Hurricane Sandy
Hollywood Reporter
Time Warner, NBCUniversal and other media companies have started reopening their New York offices following Hurricane Sandy-related closures, even though staff in most cases had the option of working from home amid questions about the public transportation system.

News Corp Donates $1 Million to Help Sandy Victims
Forbes
News Corp. will donate $1 million to Hurricane Sandy disaster relief efforts. Half will go to the NYC Mayor's Fund and the other half will go to help storm victims in New Jersey. Said CEO Rupert Murdoch: "I sincerely hope many other companies will also be able to provide assistance."

Comcast Offers Free Wi-Fi Service After Megastorm
CNET News
Comcast said it will allow anyone regardless of whether they are a customer or not to access its Xfinity Wi-Fi hot spots in several states hit by megastorm Sandy. The service is typically password-protected and available only to Comcast or its partners' broadband customers.

Disney Deal for Lucasfilm to Spur Sibling Rivalries
Wall Street Journal
Disney's proposed $4 billion acquisition of Lucasfilm will expand its portfolio to "Star Wars," but risks diluting the 89-year-old entertainment empire's Disney-branded film franchise. Disney's film business will grow to encompass brands including Lucasfilm, Marvel and Pixar.

BSkyB: Murdoch Son Keeps Board Seat After Scandal
Reuters
James Murdoch's seat on the board of pay-TV group BSkyB was opposed by just 5% of shareholders at the company's annual meeting in London. Murdoch, who stepped down as chairman over a phone-hacking scandal at News Corp.'s British newspaper arm, was present at the meeting.

Media Disruption in New York Uneven After Sandy
Crain's New York
For the media-saturated, always-connected New York City, the aftermath of Hurricane Sandy was in some ways stranger than the storm. There were no newspapers on newsstands. Prominent New York-based websites went down. Even radio — normally a sure bet during a disaster — suffered.

News Corp Wins Backing for Aussie Media Takeover
Dow Jones
News Corp. is set to increase its presence in Australia's pay-TV market after Consolidated Media shareholders approved its $2.01 billion takeover bid. The newly acquired assets are to be included, along with News Corp.'s Australian newspaper assets, in the company's publishing arm.

Disney to Acquire 'Star Wars' Parent for $4 Billion
ABC News
Disney has agreed to acquire Lucasfilm in a stock and cash deal valued at $4.05 billion. The transaction "combines a world-class portfolio of content including ‘Star Wars' with Disney's unique and unparalleled creativity across multiple platforms," said Disney chief Bob Iger.

News Corp's Shine to Hire Ex-Disney Film Chief
Bloomberg
Rich Ross, former head of Disney's film studios, has been named CEO of Shine America, a TV production unit of News Corp. overseen by Rupert Murdoch's daughter Elisabeth. Ross rose through the ranks of children's TV programmers Viacom's Nickelodeon and Disney Channel.

Media, Advertisers Ready for Surge from Hurricane
Associated Press
As Hurricane Sandy raged through one of the country's most densely populated regions, it created a surge in online traffic as people sought weather-related news and various forms of online entertainment. On Monday, the Weather Channel's website had its biggest day ever.

News Corp CEO Murdoch Tweets About Hurricane
Hollywood Reporter
News Corp. chief Rupert Murdoch late Monday tweeted about Hurricane Sandy as it was about to hit the U.S. East Coast and called the planned Random House-Penguin book merger a "faux merger disaster." "Full moon tonite will intensify storm. East Coast understandably obsessed."

Disney Florida Cruise Passengers Rocked by Sandy
Bloomberg
Guests on Disney cruises reported being rocked as Hurricane Sandy traveled north along the coast of Florida. "The cruise was horrible,” according to one passenger. "Passengers were vomiting in the shops, stairways and theater. Disney, you blew this one!”

Comcast, Time Warner Prep for Cable Lines Down
Wall Street Journal
Comcast, Time Warner Cable and Cox Communications, the three largest U.S. cable operators, say no storm-based disruptions had been reported. DirecTV, the second largest pay-TV provider, has launched a news channel pulling together live news tracking Sandy’s movement.

Media Giants, Broadway Prep for Hurricane Sandy
Variety
Broadway and most New York venues, media giants from Sony to Viacom and movie theaters closed their doors Sunday as mass transit ground to a halt and a tense city awaited perilous winds and lashing rain from Hurricane Sandy. The strongest winds are expected Monday.

Mediaset: Four-Year Prison Sentence for Berlusconi
World Screen
Former Italian prime minister Silvio Berlusconi has received a four-year prison sentence by an Italian court for tax fraud related to the acquisition of broadcast rights to U.S. feature films and TV series for Mediaset in the late 1990s. Berlusconi is expected to appeal.

Bertelsmann, Pearson to Merge Publishing Houses
Financial Times
Bertelsmann, the German media company, and Pearson, its U.K. rival, are merging Random House and Penguin, their respective publishing units, in response to the rapidly developing challenges of the e-book revolution. The move is likely to trigger more consolidation.

News Corp Expressed Interest in Buying Penguin
Wall Street Journal
Rupert Murdoch's News Corp. had expressed interest in buying book publisher Penguin, aiming to undermine merger discussions between Penguin and Random House. News Corp. is the parent of HarperCollins, a book publisher whose sales are smaller than Penguin's.

Viacom Channels Hard Hit by Audience Drop-Off
Wall Street Journal
Viacom is grappling with declining audiences at MTV, Comedy Central and Nickelodeon. The three account for roughly 50% of Viacom's operating profit. Some in the TV industry say TV viewing is fragmenting among different outlets, such as on-demand and the Internet.

Viacom-CBS: Redstone Daughter in Succession Mix
Wall Street Journal
Sumner Redstone said his daughter, Shari, is in the running to succeed him one day as overseer of Viacom and CBS, flying in the face of conventional wisdom that Viacom CEO Philippe Dauman was assured the role. "It hasn't been decided yet who will be my successor."

Time Warner, Redbox to Shorten Movie Rental Wait
Los Angeles Times
Warner Bros. and Redbox have reached a deal that reduces the wait for new movies available through the retailer's red rental kiosks. The Time Warner-owned studio will make new movies available to Redbox within 28 days of the DVDs and Blu-ray discs going on sale.

Comcast: NBCUniversal Broke Even on Olympics
Hollywood Reporter
Comcast has reported a $120 million third-quarter profit on the London Olympics for its NBCUniversal entertainment arm and confirmed that it broke even on the Summer Games. "We now have more confidence than ever the Olympics can be profitable," said CEO Brian Roberts.

Random House, Penguin Mull Publishing Merger
Financial Times
Bertelsmann and Pearson are in talks about combining their Random House and Penguin publishing divisions to create a global leader in response to the challenges of the e-book business. The talks come as Amazon, Apple and Google redefine the publishing industry.

Martha Stewart to Develop Personalities for TV, Digital
World Screen
Martha Stewart Living Omnimedia has teamed up with FremantleMedia to develop content for TV and digital platforms focused on new lifestyle personalities. The two companies will jointly identify personalities to appear in new content covering food, fashion, home and gardening.

News Corp CEO Offers Customer Support via Twitter
TechCrunch
A Wall Street Journal subscriber in Lexington, Ky., used Twitter to submit a complaint about poor delivery service, addressing his gripe to newspaper owner Rupert Murdoch. The News Corp. CEO responded to the complaint via Twitter. The exchange is "pretty amazing."

Time Warner CEO Still Searching for Studio Chief
Hollywood Reporter
Time Warner CEO Jeff Bewkes appears to be still looking for the right man or woman to run Warner Bros. Bewkes recently met quietly with Sony Corp. of America president Michael Lynton as he seeks to resolve the succession question that has dogged the studio for several years.

Comcast Adds CW Network to Xfinity On Demand
Broadcasting & Cable
Comcast and The CW Network have inked an agreement that will for the first time make the broadcast network's primetime shows available on the video-on-demand platform of a cable systems operator. Subscribers will be able to watch recent episodes of "Gossip Girl" and other series.

Viacom Seeks to Toss Out Executive Pay Lawsuit
Deadline
Viacom has pushed back on a lawsuit that claims chairman Sumner Redstone, CEO Philippe Dauman, COO Thomas Dooley and other board members were overpaid by $36.6 million. "Defendants respectfully request that the court dismiss the complaint," said Viacom's lawyers.

Sirius XM CEO to Step Down as Liberty Takes Over
Denver Business
Mel Karmazin will step down as CEO of Sirius XM Radio and leave its board Feb. 1. Karmazin has said he wouldn't stay on at the satellite-radio company under the control of Liberty Media. "We appreciate the tremendous job Mel has done," said Liberty's John Malone.

Scripps Networks Seen Luring Disney, Time Warner
Bloomberg
Scripps Networks Interactive, the TV home of Paula Deen's mashed potatoes, is poised to lure bids even with the stock at a record high now that the controlling family trust has disbanded. Disney, Time Warner and Comcast are seen by analysts as potential acquirers.

Disney Overhauls Disney.com Amid Digital Struggles
New York Times
Disney has redesigned Disney.com for the third time in five years. The new site, promoted as "cleaner, more elegant," is one way CEO Bob Iger hopes to turn around the company's gaming, mobile and Internet division after 15 consecutive quarters of losses — some $977 million in total.

News Corp: We're Not in Talks for Tribune Newspapers
Bloomberg
Rupert Murdoch's News Corp. has denied it held talks to acquire the Los Angeles Times or Chicago Tribune newspapers once owner Tribune emerges from bankruptcy. Reports that the company is in discussions with Tribune are "wholly inaccurate," said a News Corp. spokeswoman.

CBS' Moonves Sees Benefits of TV Channel Shakeout
Wall Street Journal
CBS CEO Les Moonves says that cable and satellite operators who complain their profits are getting squeezed by rising content costs should eliminate low-rated channels. He also confirmed speculation CBS might be interested in buying Sony's film and TV studios businesses.

Disney to Announce 'Surprises' via Social Networks
Associated Press
Disney has unveiled a new program for 2013 in which guests will encounter surprise weekly themes at the company's parks in Florida and California. Each of the weekly experiences will be announced in the parks and online both on Disney sites and social networks.

News Corp's Murdoch Apologizes to Actor Over Tweet
Telegraph
Rupert Murdoch is apologizing to Hugh Grant after suggesting that the actor had abandoned his baby daughter. The News Corp. boss expressed "regret" at his comments on Twitter after accepting that the "Four and Weddings and a Funeral" star was involved in his child's life.

Time Warner Wins Battle Over Rights to Superman
Fox News
DC Comics will retain its rights to Superman after a judge ruled that the heirs of one of the superhero's co-creators signed away their ability to reclaim copyrights to the Man of Steel roughly 20 years ago. DC Comics owner Warner Bros. has a Superman film reboot planned for next year.

Sony PlayStation Store Redo Links Games, Movies
Associated Press
Sony is revamping its PlayStation Store as it prepares a common storefront across devices from its game console to its web-connected TVs, Blu-ray players and phones. Among other features, the store puts related game and movie franchises together on one page.

Comcast Aims to Become The Next Apple, Exec Says
Multichannel News
Can Comcast, which has a record of relatively poor customer satisfaction, deliver technology and services that are as simple, fun and sexy as Apple's? That's a goal for the No. 1 U.S. cable operator, according to company exec Charlotte Field. "We want to be the next Apple."

News Corp: Australia Prominent in Publishing Spinoff
Wall Street Journal
When News Corp. splits in two next year, the publishing company to emerge will have deep roots in Australia, with not only newspaper assets there but interests in Australian and New Zealand television. The TV assets "most decidedly have better prospects than the newspapers."

Disney-ABC Prepares for Zucker to Take Big Media Job
Deadline
Disney-ABC is said to have launched a search for a top-level producer to run Katie Couric's syndicated daytime talk show. The contingency plan is being put in place amid chatter that "Katie" executive producer Jeff Zucker is being courted for top jobs at Tribune and CNN.

News Corp Taps Bank for Sale of IGN Entertainment
Dow Jones
News Corp. is working with Allen & Co. on an auction to sell its IGN Entertainment group of videogame and entertainment websites, after its initial sale efforts failed to produce a deal. IGN is expected to fetch around $100 million; News Corp. paid $650 million for the assets.

CBS Extends CEO Moonves Contract Through 2017
Bloomberg
CBS has extended the contract of CEO Les Moonves through June 2017. The new five-year accord, replacing one expiring in 2015, gives Moonves the option to create a production company under CBS and makes him eligible to serve as an executive adviser for an added four years.

Disney Sees Promise in Geeks as the New Cool
MarketWatch
With geeks and their lifestyles emerging as the new totems of coolness, marketers are seeking to jump on the trend, and there is perhaps no better audience than the attendees of New York Comic Con. Companies including Disney are vying for the attention of 115,000 fans.

Comcast, Cable Operators Win OK to Encrypt Signals
Bloomberg
Cable companies led by Comcast have won U.S. permission to encrypt basic services to fight theft and reduce service calls. About 5% of homes near cable lines are said to access service without paying, resulting in almost $5 billion in lost revenue — more than 8% of industry revenues.

News Corp's Murdoch Faces Opposition by Funds
Telegraph
The two largest public pension funds in America have voted to oust Rupert Murdoch as chairman of News Corp., putting pressure on the media chief ahead of a showdown with investors this week. A resolution is calling for News Corp. to split the roles of chairman and CEO.

New York to Erect Media Industry Center in Brooklyn
Crain's New York
A proposed new center for the New York City's media industries has been assigned a home in Brooklyn's Dumbo neighborhood. The Made in NY Media Center, a project touted by mayor Michael Bloomberg, will bring together professionals in the film, gaming and marketing industries.

Disney, Stan Lee in Billion-Dollar Fracas Over Marvel
Hollywood Reporter
Despite years of court losses, the resilient company founded by Stan Lee still claims that it was robbed a decade ago of many of valuable franchises including Fantastic Four, X-Men and Spider-Man. The latest move involves a multibillion-dollar lawsuit against Disney.

News Corp to Strengthen Position in Aussie Pay TV
Sky News
News Corp. is set to strengthen its position in Australian pay TV after regulators said they would oppose any potential acquisition of Consolidated Media by the Seven Group. The ruling has cleared the way for News Corp.'s Australian arm to complete its $2 billion takeover.

Liberty Media's Malone to Seek 'Big Brother' for Starz
Variety
Liberty Media chief John Malone said he sees Starz marrying a big media company after he cuts the pay cable network loose by year end. "Everybody can use a big brother. There are substantial synergies for Starz working together with various potential media partners."

Disney Seeks to Track Customers with E-Wristbands
Bloomberg
Disney has asked the Federal Communications Commission for permission to use electronic wristbands that can track customers' activity at its parks, a feature that may further its plans to tailor guest visits. Disney is looking at new technologies to customize the park experience.

Viacom's MTV Poised for Tough Times, Analyst Says
Los Angeles Times
The ratings woes at Viacom's Nickelodeon have received lots of attention lately, but one media analyst warns that the picture is not that much brighter at MTV. The network's ratings are declining and hit "Jersey Shore" is wrapping up. "MTV is in for a very tough year."

Disney Seeks Ruling Website Infringed Movies, TV
Bloomberg
Disney and other movie and TV studios have asked a federal judge to rule that the file-sharing website Lime Wire and its founder, Mark Gorton, induced people to illegally download their shows and films for free. The companies include Viacom, News Corp. and Time Warner.

Comcast Stock Hits New Heights in Big Sports Year
NASDAQ
Sports on NBC have been the catalyst behind Comcast's surging stock. Each of the company's biggest moves this year has come after a major sports-related event — from the broadcast of the Super Bowl and the London Olympics to the kickoff of fall's Sunday Night Football.

Viacom Unveils Ambitious Plan to Rival Disneyland
Daily Mail
Viacom's Paramount Pictures has unveiled plans for a major new theme park near London to take on Disneyland Paris. The proposed "world-class entertainment destination" would create up to 27,000 jobs and feature live music venues, attractions, theaters, restaurants and hotels.

News Corp in Deal to Bring 'Peanuts' to Big Screen
Wall Street Journal
The animation units of News Corp.'s Twentieth Century Fox have acquired the feature film rights to "Peanuts," created by the late Charles Schulz. An animated movie resulting from the deal is set for release Nov. 25, 2015 — the 65th anniversary of the debut of the comic strip.

Comcast Unveils Astros, Rockets Channel in Houston
Philadelphia Inquirer
Comcast is launching its 11th sports channel in a partnership with Major League Baseball's Houston Astros and the National Basketball Association's Rockets. The 24-hour Houston channel adds to a rapidly growing multibillion-dollar regional sports network industry.

News Corp Braces for More Shareholder Criticism
Los Angeles Times
At News Corp.'s annual meeting next week in Los Angeles, several shareholders plan to continue to blast the company's governance practices. Some believe News Corp. has not made sufficient reforms, and should appoint an independent chairman to oversee the company.

Sony Preps James Bond-Style Ads for Smartphone
Campaign
Sony plans to debut a James Bond-themed commercial for the launch of its new Xperia smartphone, the official phone of the new James Bond film, "Skyfall." The 30-second Bond-style ad features a man on a mission, driving a speedboat, car and climbing over buildings.

Anschutz Seeks $10 Billion for Entertainment Group
Reuters
Billionaire Phil Anschutz has kicked off the auction of his Anschutz Entertainment Group, with an expectation that the sports and entertainment giant should draw bids in the $10 billion range, higher than previously believed. Assets include the Los Angeles Galaxy soccer team.

CBS Radio Acquires New York's 101.9 FM for Sports
Crain's New York
CBS Radio has signed a deal to purchase New York radio station 101.9 FM from Chicago-based Merlin Media for $75 million. By late fall, the station will launch a simulcast of sports radio 66 WFAN AM. "Sports is a very popular format and a huge growth category for our business."

Comcast: Twitter a Megaphone for Consumer Gripes
Puget Sound Business
"When I initially called Comcast, I received an unsympathetic response. But fellow consumers on Twitter heard my complaint, and they amplified it. By Saturday afternoon I had received an apology from Comcast, and I spoke with a rep. Never have I received such a rapid response."

Time Warner's Bewkes Eyes TV Exec for Warner Bros
New York Post
Time Warner CEO Jeff Bewkes is looking to shake up his $30 billion media empire — and the next move will be naming a new leader for Warner Bros. Entertainment, according to Hollywood sources. Warner Bros. TV chief Bruce Rosenblum is said to be Bewkes's favored choice.

News Corp Hacking Victims Can't Get More Evidence
Bloomberg
News Corp.'s British publishing unit won a court ruling to avoid giving victims of its tabloid phone-hacking scandal swathes of new evidence ahead of a civil trial scheduled to start next year. More than 150 victims wanted the company to give more "generic" proof of wrongdoing.

Media Professionals Using Less Traditional Media
MediaPost
Media professionals are much more likely to be heavy users of digital media — particularly mobile and social — and are much less likely to use traditional media than average consumers, according to a study by the Media Behavior Institute. Print, however, "bucked the trend."

News Corp Board Wins Support of Proxy Adviser ISS
Reuters
News Corp.'s controlling Murdoch family received a major endorsement, and won a symbolic victory, with proxy advisory group Institutional Shareholder Services' recommendation that shareholders vote to re-elect the company's board of directors at its annual meeting.

Chernin in Merger Talks with Endemol, Core Media
Los Angeles Times
Peter Chernin is poised to turn his boutique TV and movie production company into a global powerhouse. The former News Corp. president is in talks to merge his indie entertainment company with two prominent reality TV production firms, Endemol and Core Media Group.

Cablevision, Disney in Pact for Multiple Platforms
Dow Jones
Cablevision plans to launch several services that will allow its customers to access Disney's live and video-on-demand content on TVs, computers, smartphones, tablets and gaming consoles. In total, about 70 services are covered by the broad scope of the new agreement.

Warner Bros, Paramount in Home Video, Flixster Deal
Reuters
Warner Bros.'s home video unit has reached a deal to distribute more than 600 films from Paramount Pictures' film catalog. Paramount also will support the Warner Bros. Flixster movie website by providing new releases and older films for sale in the UltraViolet format.

Metro-Goldwyn-Mayer Chief Birnbaum Steps Down
Bloomberg
Roger Birnbaum is stepping down as co-chairman and co-CEO of Metro-Goldwyn-Mayer, the movie studio weighing an IPO. Gary Barber will become sole chairman and CEO. MGM is said to be aiming to complete its IPO before the opening of the new James Bond film "Skyfall."

News Corp's Murdoch Under Fire from Investors
Independent
Rupert Murdoch is facing pressure from influential investment firms which are joining together to challenge his dual role as chairman and CEO of News Corp. in the wake of the phone-hacking scandal. New Corp. will hold its annual meeting on Oct. 16 in Los Angeles.

Viacom Buys Stake in Social TV Startup Zeebox
TechCrunch
Viacom, parent of MTV and Comedy Central, is making a strategic investment in Zeebox, joining Comcast, NBC Universal and HBO in supporting the companion app and website for watching TV. Zeebox said it plans to announce more partners in the coming months.

Viacom Continues TV Channel Expansion in Asia
Hollywood Reporter
Viacom continues to push ahead with its plans to make Comedy Central its third major global network brand after MTV and Nickelodeon with a launch in Southeast Asia next month. According to Viacom, Comedy Central is the only global, multi-platform entertainment brand.

Disney Unveils Website with Entertainment Focus
AllThingsD
Disney has unveiled a newly refurbished Disney.com site, aimed at delivering a robust entertainment experience. The new site has been built from the "ground up," keeping in mind delivery to multiple devices, especially increasingly popular tablets and smartphones.

News Corp Falls from List of Top 25 Media Earners
MediaPost
Disney has the biggest quarterly profits of any media company, while longtime No. 2 News Corp. dropped out of the top 25 more profitable media businesses, according to an analysis by SNL Kagan. News Corp. is taking a hit due to restructuring charges from its ailing print unit.

Viacom's Redstone Chooses Dauman as Successor
New York Times
Viacom CEO Philippe Dauman is next in line to take over the Viacom-CBS empire. "Everyone understands, I think, that Philippe will be my successor," said chief Sumner Redstone. But Dauman is facing a huge challenge in reviving Nickelodeon, Viacom's most lucrative cable channel.

Time Warner, AT&T Eye Google Deal in Kansas City
Wall Street Journal
Google received incentives to build its Kansas City high-speed fiber network. Now, Time Warner Cable and AT&T, the incumbent Internet and TV providers in town, are angling to get the same deal. "We're happy to compete with Google, but we'd like an even playing field."

AT&T, Sony Debut Official James Bond Smartphone
BGR
AT&T and Sony have unveiled the Xperia TL smartphone, an Android device that comes preloaded with exclusive content such as wallpapers and ringtones from "Skyfall," the forthcoming James Bond movie. The new device "will be used in the film by 007 himself."

News Corp: Murdoch Remarks Reassure Print People
Australian
Rupert Murdoch's recent speech at an awards ceremony for his Australian newspapers carried a crucial message. Print newspapers, he said, would continue to be part of his company for "many, many years to come." He went on: "Print will be with us for many, many years."

Pearson CEO Scardino to Step Down After 16 Years
Financial Times
Marjorie Scardino, 65, will step down as CEO of Pearson, owner of the Financial Times, after 16 years on Jan. 1, 2013. Her successor, John Fallon, is currently head of the Pearson's international education division. Fallon joined the company in 1997 as head of communications.

Disney's Former Online Chief to Oversee Fandango
Los Angeles Times
Fandango, the online movie ticket company, has named former Disney digital exec Paul Yanover to the new position of president. Yanover will lead the company's overall business strategy, including growing its original content offerings across mobile, TV and the web.

Comcast Tops 100 Leading Media Companies List
Advertising Age
U.S. media revenue for the 100 leading media companies rose 4.0% last year, fueled by growth in digital, according to a report by Advertising Age. The cable-network sector was the second-best performer, at 8.3% growth. Comcast tops the ranking for the fourth year.

News Corp Hires Big Guns for Internal Watchdogs
Financial Times
News Corp. has hired a senior official from the Securities and Exchange Commission and a former federal prosecutor to oversee new compliance teams at its various media divisions. Their job is to elevate any potential "bad news" within the company after the phone-hacking scandal.

CBS, News Corp Said to Fund Redo of Inside.com
TechCrunch
Web entrepreneur Jason Calacanis is said to be resurrecting Inside.com as a "knowledge community" focused on creating videos, apps and more. The new venture reportedly will be backed by the likes of CBS and News Corp. Inside.com originally was a site covering the media.

Report: Internet is Second-Largest Media Employer
Advertising Age
Internet media has become the American media industry's second-largest employment sector, according to an analysis of data from the U.S. Bureau of Labor Statistics. One in six people employed in the U.S. media industry now work for Internet-media businesses.

News Corp Proves Surprisingly Resilient to Scandal
The Economist
Accusations of phone hacking, police bribery and negligence involving Rupert Murdoch's News of the World haven't humbled News Corp.'s share price. To the surprise of skeptics and supporters alike, the media giant is flying high. Its share price has climbed by 53% in the past year.

Sony Ties Up with Olympus, Takes 11 Percent Stake
Associated Press
Sony plans to spend about $640 million for an 11% stake in Olympus, the camera maker and world's largest maker of endoscopes. The two companies will set up a new medical equipment venture together later this year, 51% owned by Sony and the rest by Olympus.

Viacom in Talks with Dish About Internet TV Service
Bloomberg
Dish Network is said to be talking to networks such as Viacom's MTV about offering their channels over the Internet, a service that could shift the economics of the pay-TV industry. In addition to Viacom, the negotiations are believed to involve Univision and Scripps Networks Interactive.

Disney Sees Growth Opportunities in Mobile Video
Hollywood Reporter
Disney sees its biggest growth opportunity for video in the rise of mobile devices like tablets and smartphones, said Anne Sweeney, the company's top media networks exec. What does digital change means for ABC? "It recharacterizes the whole idea of a television network."

Forecast: Digital to Drive Media Industry Spending
Hollywood Reporter
Spending within the U.S. communications industry will grow over the next few years to reach $1.455 trillion in revenue by 2016, according to the new forecast by investment firm Veronis Suhler Stevenson. "Digital's influence is now a constant and significant factor in every sector."

News Corp Phone-Hacking Trial Date Set for 2013
Wall Street Journal
The trial of former News Corp. employees facing charges including conspiracy to intercept communications has been slated to start nearly a year away, on Sept. 9, 2013. Among those facing charges are former London newspaper editors Andy Coulson and Rebekah Brooks.

Murdoch Backs Down in War with 'Parasite' Google
Telegraph
News Corp. plans to reverse an earlier decision to stop articles from its Times and Sunday Times newspapers in London from being featured in Google's search listings. The move comes amid fears that the exclusion is limiting their influence and driving down advertising revenues.

Time Warner Cable Plots to Take On Game Consoles
Bloomberg
AT&T, Verizon and Time Warner Cable are said to be gearing up for a push to deliver video games to televisions, a strategy shift that poses a threat to traditional consoles such as the PlayStation, Wii and Xbox. Trials of cloud-gaming services are likely to start later this year.

Twitter Eyes Media Bigs Including Chernin for Board
AllThingsD
Twitter is said to be interviewing a series of well-known media players for its board, as the online social communications service seeks to increase its ties to the entertainment industry. One of the top director candidates is well-regarded Hollywood exec Peter Chernin, formerly of News Corp.

News Corp: James Murdoch to Run Fox Networks
Wall Street Journal
News Corp. plans to give James Murdoch oversight of the Fox Networks Group, which includes the Fox broadcast network and cable channels such as FX. The group doesn't include the Fox News channel. The new role isn't expected to be confirmed until later this year.

Time Warner CEO Nixes Selling HBO Online in U.S.
Associated Press
Time Warner CEO Jeff Bewkes has shot down the idea of selling HBO online in the U.S. without the TV channel packages it is usually bundled with. However, Bewkes didn't completely rule out a so-called "a la carte" offering of HBO in the future. "It's not the main opportunity now."

Disney Says Ads Coming to ESPN's Apple Streams
Deadline
Video programmers have been eager for technicians to figure out how to present ads to iPad and iPhone users. And they've finally done it. "By the end of this month, you will see advertising on the iOS platform," said Disney CFO Jay Rasulo. Ads are already up on streams of ESPNU.

CBS Chief Loves 'Lucy' as New Platforms Emerge
Los Angeles Times
"I Love Lucy" continues to deliver about $20 million in revenue, according to CBS chief Les Moonves. He stresses the value of CBS' new and old content, particularly as new platforms such as Netflix and Amazon spend heavily. "We're going to get paid more and more and more."

Liberty: Sirius XM's Karmazin Could Be Replaced
Bloomberg
Sirius XM Radio doesn't need Mel Karmazin to succeed, said Liberty Media CEO Greg Maffei, addressing speculation his company seeks the ouster of the satellite-radio carrier's CEO. While Karmazin has done a "great" job running Sirius, plenty of people could replace him.

Universal Wins OK to Buy EMI's Music Business
Bloomberg
Universal Music has won European Union approval to take over the recorded-music business of EMI, agreeing to sell about a third of assets owned by the firm to cut the combined group's market share. Universal offered concessions over concerns of "excessive market power."

Murdoch, Zuckerberg Tie on New Forbes Rich List
Deadline
Facebook's Mark Zuckerberg is "the biggest loser" on the latest Forbes 400 list of the richest Americans. With the recent decline in his company's stock, Zuckerberg's net worth fell to $9.4 billion, moving him down to No. 36 on the list — tied with News Corp.'s Rupert Murdoch.

News Corp Investors Keep Pressure on Lawsuit
Reuters
News Corp. investors have asked a U.S. judge to force the company's board to face a lawsuit over a phone-hacking scandal. Shareholders argue that CEO Rupert Murdoch and the board of directors, including two of his sons, should be held responsible for damage from the scandal.

Viacom CEO Excited for Return of 'Ninja Turtles'
Hollywood Reporter
Count Viacom CEO Philippe Dauman as a fan of the "Teenage Mutant Ninja Turtles." Dauman is plugging the latest incarnation of the franchise, saying that the new series to premiere on Nickelodeon on Sept. 29 is "tremendous and well-executed," and that he is "excited" for it.

Comcast Sees Big Deals as a Thing of the Past
Wall Street Journal
Big cable companies have gotten bigger in recent years by buying smaller operators. But don't expect the trend to continue. "We frankly would rather buy back stock" rather than buy smaller players, said Comcast CFO Michael Angelakis, citing a "disconnect" in valuations.

Hearst Tower Hosts Glitzy Bash for Anniversary
San Francisco Chronicle
Hearst threw a party at its glimmering Manhattan tower to show "Citizen Hearst," a new documentary about the 125-year-old media giant. Jennifer Hudson performed at the anniversary celebration. Sausages were served made from beef raised on the Hearst family ranch.

Sony Explores Sale of U.S. Headquarters Building
New York Post
Sony, which reported a $5.6 billion loss last year, is said to be exploring a sale of its U.S. headquarters at 550 Madison Avenue. The 36-story building, designed by noted architect Philip Johnson, "has considerable value locked in it, given its location, size and iconic design."

NBCUniversal Consolidates Ad Sales Under Exec
Adweek
Less than a year after being tapped to lead NBCUniversal's cable and digital advertising sales, Linda Yaccarino is assuming oversight of the company's broadcast sales business. As president of ad sales for NBCUniversal, Yaccarino will report directly to CEO Steve Burke.

News Corp to Unveil Digital Service for New Films
The Wrap
News Corp.'s Twentieth Century Fox will allow customers to get their hands on the latest new releases before they hit store shelves. A new home entertainment service, Digital HD, will let fans buy films three weeks before their premieres on DVD, Blu-ray and video-on-demand.

Disney Sends 'Desperate Housewives' to Turkey
Bloomberg
The "Desperate Housewives" of Wisteria Lane have a new address: Istanbul's Gul street. Broadcasters in Turkey, Russia and elsewhere are padding their prime-time schedules with local versions of shows licensed from U.S. studios. The Middle East "has an exploding appetite."

Diller, Rudin Forming E-Book Publishing Venture
New York Times
Film producer Scott Rudin and IAC chief Barry Diller have teamed up to enter the turbulent world of book publishing. Rudin and Frances Coady, a longtime publishing exec, have formed a partnership with Diller in a new venture to publish e-books and eventually physical books.

Anschutz Weighs Sale of Concert Promoter AEG
Wall Street Journal
Anschutz Co. plans to sell Anschutz Entertainment Group, its powerhouse sports-and-entertainment subsidiary whose properties include a piece of the Los Angeles Lakers as well as sports teams, stadiums and music festivals around the world. A sale could be worth several billion dollars.

Axel Springer Venture to Buy Polish Web Portal
Reuters
Ringier Axel Springer, a joint venture between German publisher Axel Springer and Swiss firm Ringier, has won regulatory approval to buy Poland's No.1 web portal Onet.pl. The venture publishes a local edition of Newsweek, but has struggled to establish an online business.

News Corp, Google Enter Digital TV, Movie Deal
AllThingsD
In early 2012, Rupert Murdoch was railing against Google, labeling it the "piracy leader." Now Murdoch's 20th Century Fox has cut a deal to sell and rent its movies and TV shows via the search giant's YouTube and Google Play. Google now has deals with all of the major Hollywood studios.

Murdoch, Berlusconi Eye Buy of Italian TV Channel
AFP
Rupert Murdoch is said to be interested in buying Italian TV channel La7, setting up a potential face-off with his old business rival, former prime minister Silvio Berlusconi, whose company signaled it too was looking into a possible purchase. The deadline for offers is Monday.

Lachlan Murdoch Settles Aussie Defamation Case
Australian
Lachlan Murdoch has settled his defamation case against Australia's Fairfax Media out of court for $50,000. Murdoch sued after a column made claims about his use of News Corp.'s corporate jet. Murdoch donated the settlement to the Murdoch Children's Research Institute.

Comcast's Roberts Gets One-Year Job Extension
Multichannel News
Brian Roberts' job as chairman and CEO of Comcast is safe for another year. The media giant has amended his employment agreement for one year to June 30, 2013. Roberts, whose father founded Comcast in 1963, has served as CEO since 2002 and chairman since 2004.

Time Warner Cable Plans to Sell Stake in Clearwire
Dow Jones
Time Warner Cable plans to sell its 7.8% stake in struggling mobile broadband provider Clearwire. Time Warner paid $550 million for the stake in 2008, but the shares are worth only about $73.3 million today. Google sold its stake in Clearwire for a $433.5 million loss in March.

Liberty Media Moves Closer to Control of Sirius XM
Wall Street Journal
John Malone's Liberty Media has converted nearly half of its preferred shares in Sirius XM Radio common stock, taking another step toward outright control of the satellite-radio company. Following the conversion, Liberty owns about 32% of the common stock in Sirius XM.

Hearst CEO Bennack Preps Swartz as Successor
Financial Times
Hearst CEO Frank Bennack is preparing to hand over the reins to COO Steven Swartz, ushering in a new era for the media giant. "Specific dates and movements haven't been set," said Bennack, "but it's clear that they're not far into the future." Also: Bennack has built a media empire.

News Corp Film Chief to Exit as Film, TV Units Split
Wall Street Journal
Tom Rothman, co-chairman and co-CEO of News Corp.'s Fox Filmed Entertainment, plans to step down at year-end, as the media giant announces the separation of its TV and film-production units. Rothman said in an internal email that he plans to seek "new challenges."

Time Warner Grows Aggressive Over DVD Piracy
GigaOM
Warner Bros. is filing a wave of copyright lawsuits across the country against individuals who are using Amazon to sell pirated versions of shows like "True Blood." The Time Warner studio has filed nearly 50 cases against Amazon sellers in the last three months alone.

Weinstein's 'Master' Smashes Box-Office Records
Associated Press
Paul Thomas Anderson's "The Master" commanded a huge following in its opening weekend, smashing records on just a handful of U.S. screens. The Weinstein release made $729,745 in five theaters in New York and Los Angeles. The film opens in more cities within weeks.

Big Media Finds Digitization Isn't Scary After All
Businessweek
Hollywood is discovering there is life after the DVD. With the likes of Netflix and Amazon bidding for rights to stream movies on Kindles, iPads and TVs, the studios are enjoying a boomlet that is taking the edge off declining disc sales and rentals. "We are all reinventing ourselves."

News Corp Sued by Hugh Grant Over Hacking
Bloomberg
Hugh Grant, the British actor who told a media-ethics inquiry the press had become "toxic" in its pursuit of celebrity gossip, has sued News Corp.'s U.K. unit over claims its News of the World tabloid hacked his phone. Grant joins dozens of other victims who have sued since February.

Viacom-CBS Chief Redstone Working on Book
Hollywood Reporter
Sumner Redstone has begun work on a second book following his 2001 autobiography, "A Passion to Win." The news comes as the Viacom and CBS executive chairman donates $18 million to Boston University's law school. A new building at the university will be named after him.

Time Warner Won't Rule Out Publishing Spin-Off
Dow Jones
Time Warner won't report any "meaningful" earnings growth for the third quarter, according to CFO John Martin. He added that he wouldn't rule out splitting-off Time Warner's underperforming publishing division, although such plans are not being considered at present.

Disney Says Ads Weak; Sees $50 Million Film Loss
Associated Press
Disney's TV advertising revenue did not rebound as expected after last month's conclusion of the London Olympics that were aired on rival NBC, said CFO Jay Rasulo. Disney also expects to book a $50 million charge for discontinuing a movie that was in the works.

NBCUniversal: Rebuilding NBC Remains Priority
Broadcasting & Cable
Fixing NBC remains NBCUniversal's top priority, said CEO Steve Burke, two years after Comcast acquired control of the company. "We need to make better shows. I look at this as a tremendous opportunity." He added that it is an opportunity "you can't grab in one year."

Media CEOs Bullish on Technology Driving Growth
Los Angeles Times
About half of media CEOs and chief operating officers predict that digital media will increase their companies' revenues and profit margins by at least 10% within the next three years, according to a survey by Ernst & Young. "They see that digital media is where the consumer is."

News Corp: Lachlan Murdoch Sues for Defamation
Australian
Lachlan Murdoch filed a defamation lawsuit against Fairfax Media after a column claimed he neglected his duties as chairman of Australia's Channel Ten by flying in News Corp.'s corporate jet. The column was published in Fairfax's Sydney Morning Herald and the Age newspapers.

Viacom's MTV Builds Business in Music Tourism
Hollywood Reporter
MTV is continuing to build a business around music tourism internationally, announcing that it is taking its "Isle of MTV" franchise beyond Europe to Japan. The Viacom network will produce and film a free concert on Japan's Miyako-Jima island during spring break in March.

Viacom's Nickelodeon Said to Suffer More Declines
New York Post
Nickelodeon, which has been experiencing a ratings and advertising-revenue slide, will continue to see declines through mid-2013, according to Pivotal Research, citing competition and aging programming. Nickelodeon accounts for a huge portion of owner Viacom's ad revenue.

Time Warner Cable, Viacom Team Up for Online TV
Dow Jones
Time Warner Cable is partnering with Viacom to allow the cable giant's customers to access episodes from TV channels like Comedy Central, Nickelodeon and VH1 on demand on the web. Time Warner customers can now log in to Viacom channel websites with their cable IDs.

News Corp Names Cheesbrough Technology Officer
Dow Jones
News Corp. has named Paul Cheesbrough its chief technology officer to oversee the media giant's development of new digital products and its tech strategy. Cheesbrough was most recently chief information officer for News International, the company's U.K. publishing division.

News Corp Faces Up to 108 Phone-Hacking Lawsuits
Financial Times
News Corp's UK newspaper publishing division faces up to 108 lawsuits from phone-hacking victims in the second wave of the civil litigation brought against the defunct News of the World. A further 30 or 40 lawsuits are likely to be issued before the deadline for new claims on Sept. 14.

Disney Opens Baby Store, Internet-Based Boutique
Los Angeles Business
Disney has opened its first Disney Baby Store in Glendale, Calif., and launched a baby boutique online. "We launched the Disney Baby line to address the needs of moms looking for superior baby products." The company already sells a line of baby products through major retailers.

Time Warner Studio Eyes Future Though 'Tech Ops'
Los Angeles Times
Warner Bros. is embracing high tech, including hosting Silicon Valley-style "hackathon" events to spur innovation. The Time Warner film studio's program is seen as unusual in an industry known for its resistance to new technology. "We need to control our own destiny in the digital world."

Lions Gate's 'Possession' Tops Weak Movie Weekend
Reuters
The North American box office hit a slump at the weekend, with top earner "The Possession" taking in less than $10 million in what could be the gloomiest overall haul since the aftermath of the attacks of Sept. 11. "This is one of the worst-grossing weekends of the last 10 years."

MGM Studio Said to Seek IPO Before Next Bond Movie
Bloomberg
MGM, the Hollywood studio that exited bankruptcy in 2010, is said to be seeking to complete an initial stock sale before the October release of its next James Bond film. The studio said in July it submitted a confidential IPO filing to regulators, in a process that lets owners gauge interest.

Disney Interactive Lays Off Employees Amid Losses
Los Angeles Business
Disney has laid off about 50 employees, in a move attributed to a restructuring of the company's interactive division. The unit employs 2,000 people. The cuts follow a fiscal quarter in which the division was the only one of five at Disney to post declining year-over-year revenue.

News Corp Stock Hits 52-Week High Despite Scandal
Variety
News Corp. shares have hit a new 52-week high as Wall Street embraces the company's upcoming split and shrugs off a U.K. hacking scandal that just cut CEO Rupert Murdoch's bonus. "Investors like the more subdued Murdoch of late, who's unlikely to make costly acquisitions."

Murdoch to Acquire Australia's Consolidated Media
Bloomberg
News Corp. has agreed to buy Consolidated Media for $2 billion to boost its stake in Australian pay TV as billionaire Kerry Stokes weighs making a counter-offer. A deal would give CEO Rupert Murdoch full ownership of the Fox Sports network in Australia and half of pay-TV operator Foxtel.

Gannett Buys Mobestream Media for Mobile Coupons
Washington Business
Gannett has acquired Mobestream Media, a Dallas-based company that makes an app allowing users to store existing customer discount cards and join new rewards programs. It also pushes mobile coupons — "a fast-growing segment of the national and local marketing sector."

Sony Says Info on 400 Mobile Customers Hacked
MarketWatch
Servers of a third-party vendor to which Sony Mobile Communications outsources data management has come under cyberattack, resulting in a leak of information on 400 customers in China and Taiwan. Credit-card and bank-account information was not stolen, Sony said.

News Corp Picks Board Member with Ties to Wiretaps
Bloomberg
News Corp., still seeking to move past a hacking scandal at its U.K. newspapers, has nominated to its board former Colombian president Alvaro Uribe — whose administration has been accused of ordering illegal wiretaps of political opponents, journalists and others.

Comcast Invests in Private Cloud Computing Firm
TechCrunch
Nebula, a company that allows businesses to deploy large private cloud computing infrastructures, has raised $25 million in Series B funding led by Comcast Ventures and Highland Capital Partners with other investors, including Kleiner Perkins, participating.

News Corp Scandal Hacks Murdoch, Exec Bonuses
Financial Review
Rupert Murdoch and News Corp.'s next three most-senior execs have forgone a combined $5.6 million in cash bonuses as a result of their "shared responsibility" for the U.K. hacking scandal, the media giant said in a proxy statement filing. News Corp. holds its annual meeting Oct. 16.

Media, Tech Tycoons Back Obama Amid Piracy Feud
Bloomberg
Hollywood and Silicon Valley's like-minded backing of Barack Obama masks a political drama embroiling these two industries: a fight over content piracy. Winning the president's favor could give one side an edge in a legislative battle that might be re-engaged as early as next year.

Hollywood's Summer Heads South as Films Fizzle
Associated Press
Studio execs expected their biggest summer ever this year. But what they got were two colossal blockbusters and plenty of duds, resulting in what may be the lowest summer movie attendance in 20 years. "The audience didn't come out in the numbers expected."

News Corp's Australian Media Arm to Cut 65 Jobs
Financial Review
More redundancies have been announced as News Limited continues the restructuring of its newsrooms throughout Australia. Changes announced on Tuesday are expected to result in the loss of about 65 jobs with half involving sub-editing roles at a central Sydney location.

Murdoch Son Expands Australian Radio Interests
Reuters
Lachlan Murdoch has bought the remaining 50% of Australian radio network DMG Radio Australia he did not already own. Speculation once suggested that he could return to an executive role with News Corp., but Rupert Murdoch has dismissed that as "highly unlikely."

Emmis Defeats Bid by Stockholders to Block Vote
Bloomberg
Emmis, the ninth-biggest U.S. radio station operator, has fended off a bid to block a shareholder vote that could wipe out $34 million in unpaid dividends owed to preferred stockholders. The shareholders claimed that their preferred stock would become worthless.

News Corp Digital Future 'Unclear' After Split-Up
Fortune
The exit of digital chief Jon Miller ahead of News Corp.'s split-up suggests that neither of the two future companies will have much to do with the Internet. CEO Rupert Murdoch's direction "is more unclear than ever," as the Internet grows more powerful as a media distributor.

Comcast, Disney Eyeing Levinsohn for 'Big Jobs'
Business Insider
Yahoo's departed interim CEO Ross Levinsohn is rumored to be under consideration for a "senior role" at Comcast. In addition, Disney and News Corp. are said to be eyeing the exec to be the next CEO of Hulu, if negotiations with current CEO Jason Kilar "don't work out."

Liberty Media Increases Stake in Sirius XM Radio
Wall Street Journal
Liberty Media has raised its stake in satellite-radio operator Sirius XM Radio to 48.8% from 48.1%, according to a regulatory filing. If Liberty gets U.S. blessing to take absolute control, the company will be freed to replace Sirius management and pursue other options.

News Corp 'Top Job' Is Not for Murdoch Daughter
BBC News
Elisabeth Murdoch said she has "absolutely no ambition" to succeed her father Rupert in the "top job" as the head of News Corp. Murdoch runs the TV production firm Shine. She added: "Everyone likes the idea of a soap opera, and it's really not that. The reality is we are a very close family."

Viacom Loads Ads on Channels as Viewers Exit
Wall Street Journal
Fewer people have been tuning into some of Viacom's cable channels, so the company has increased air time for commercials to maintain revenue. Nickelodeon and Comedy Central boosted the amount of ad time they aired in the first half of 2012 by 9% from a year earlier.

Martha Admits to 'Big Disconnect' Amid Declines
Wall Street Journal
Martha Stewart Living Omnimedia has posted losses for eight of the past nine years, as the company faces the combined headwinds of an aging brand and a general decline in the magazine industry. Founder Martha Stewart blames her own diminished role for "the big disconnect."

Murdoch Daughter Attacks News Corp in Keynote
Guardian
Tensions within the world's most powerful media family were laid bare during Elisabeth Murdoch's keynote address at the Edinburgh Television Festival. Murdoch set out her own vision of media leadership, criticizing her father's News Corp. for operating with an absence of values.

News Corp Chief Digital Officer Miller to Step Down
AllThingsD
News Corp. has announced that Jon Miller, the company's chief digital officer since 2009, will leave his position in September as the media giant moves toward its planned separation into two companies. Miller will serve as an outside advisor to News Corp. through fall 2013.

Disney Brings More Live Content to Comcast Xfinity
TechCrunch
Disney is getting in on the TV Everywhere game in a big way, by bringing even more of its live kids content online with Comcast's Xfinity TV website. The move will help Disney reach its viewers on new platforms, and offer up new ways for them to access its content online.

Sony to Cut 1,000 Jobs to Reduce Costs in Mobile
Bloomberg
Sony plans to eliminate about 15% of its mobile-phone unit's workforce to reduce costs at a business that trails Apple and Samsung. The reduction of about 1,000 jobs will mainly be in Sweden. The unit's headquarters will move to from Lund to Tokyo, where Sony is based.

Time Warner, News Corp Donations Favor Obama
New York Times
Time Warner, News Corp., Comcast and other major media companies, driven largely by their Hollywood film and TV businesses, have made larger contributions to President Obama than to his rival, former Gov. Mitt Romney, according to a report by the Center for Responsive Politics.

Viacom Battles The Situation Over Who Owns 'GTL'
Hollywood Reporter
MTV owner Viacom has taken on Mike "The Situation" Sorrentino over trademarks to phrases he utters on the hit show "Jersey Shore." Viacom told the trademark board that the series has led to many catchphrases including "gym, tanning, laundry," "grenade" and "smush."

Weinstein Targeted in Extortion Scheme by Actor
Smoking Gun
In an extortion scheme busted up by federal agents, a fledgling actor threatened to kill members of movie producer Harvey Weinstein's family unless the Hollywood titan wired millions to an offshore bank account. Weinstein was one of several business titans allegedly targeted.

MGM Poised to Go Public After Bond Film 'Skyfall'
Financial Times
Metro-Goldwyn-Mayer will release "Skyfall," the 23rd James Bond film, in November. The new Bond film could propel an initial public offering of the revered studio, with MGM appointing advisers to explore a return to the public markets two years after it emerged from bankruptcy.

News Corp Phone-Hacking Victims to Be Revealed
Independent
Up to 600 alleged phone-hacking victims of the News of the World are about to be named by prosecutors for the first time, a move likely to heighten investor dissatisfaction with parent News Corp. The list is expected to reveal more well-known actors, pop stars and politicians.

Viacom Sued for VH1 Web Post of Photo from TMZ
Hollywood Reporter
Viacom is being sued for copyright infringement over a photo of actress Demi Moore that appeared on VH1's website. The post appears to be a story that riffed off of a TMZ article. The National Photo Group claims that Viacom copied the image from its client's website.

Viacom Overpaid Chairman and CEO, Lawsuit Says
Bloomberg
Viacom has wrongly overpaid chairman Sumner Redstone, CEO Philippe Dauman and COO Thomas Dooley, shareholder Robert Freedman claims in a lawsuit. "Excessive compensation constitutes disloyalty, waste and is not the product of a valid exercise or business judgment."

News Corp to Distribute DreamWorks Animation Firms
Associated Press
DreamWorks Animation said that its films will be distributed by News Corp.'s 20th Century Fox starting next year. The five-year deal replaces an existing distribution agreement with Viacom's Paramount Pictures. "This deal is an absolute win-win," said CEO Jeffrey Katzenberg.

Time Warner, LivingSocial Team with General Motors
Adweek
General Motors has forged a unique multiplatform alliance with fashion designer Isaac Mizrahi, the daily deals brand LivingSocial and media giant Time Warner. The automaker aims to generate interest in its 2013 Chevy Malibu, by way of a side trip through women's closets.

News Corp Taps MTV Exec for Communications Post
Variety
News Corp. has named former MTV corporate communications head Nathaniel Brown as VP of corporate affairs and communications. Brown will work with Dan Berger, VP of corporate affairs and communications. The two execs report to Julie Henderson, chief communications officer.

News Corp: Murdoch Daughter to Deliver Keynote
Independent
Elisabeth Murdoch is scheduled to deliver the keynote speech at the Edinburgh International Television Festival this week. She is likely to get an altogether different response to that received by her younger brother James, who delivered the event's keynote just three years ago.

Comcast's NBC Cuts Target Leno, 'Tonight Show'
Deadline
A year after NBC employees were greeted with gift boxes on the day the Comcast takeover became official, some of them are getting pink slips. The latest downsizing is at NBC's "The Tonight Show," where 20 staffers lost their jobs and host Jay Leno took a "tremendous" pay cut.

Liberty Boosts Sirius XM Stake, Aims for Control
Associated Press
Liberty Media has boosted its stake in Sirius XM Radio and intends to take control of the satellite radio broadcaster if federal authorities approve. The John Malone-controlled conglomerate bought 94.3 million shares in the past week, raising its stake to 48%.

Hulu Owners Consider Future Without CEO Kilar
Variety
A confidential internal memo regarding the business of Hulu covers many sensitive issues, including a "transition plan" in the event CEO Jason Kilar exits the streaming service. Kilar is due to receive an estimated $100 million from the buyout of co-owner Providence Equity Partners.

Hollywood Director's Death Mourned on Twitter
E! Online
The apparent suicide of "Top Gun" film director Tony Scott has hit Hollywood hard. After hearing of his death, celebrities turned to Twitter to offer their condolences. Ron Howard: "No more Tony Scott movies. Tragic day." Elijah Wood: "Awful news about Tony Scott. Rest in peace."

News Corp PR Exec Horner Jumps to Warner Bros
Hollywood Reporter
Jack Horner, a veteran corporate communications exec for News Corp., is said to be jumping to Warner Bros. As VP corporate affairs and communications, Horner has been on the front lines of the phone-hacking scandal at the company's defunct News of the World newspaper.

Disney, Marvel Face Culture Clash Amid Success
Financial Times
Disney's $4 billion purchase of Marvel in 2009 has led to box-office success, such as the mammoth hit "The Avengers" — as well as staff tension from the management style of the unit's CEO, Isaac Perlmutter. Employees claim the Marvel boss makes threatening and racial remarks.

News Corp Sued for Hacking by Lawyer in 2007 Affair
Bloomberg
News Corp. and former private investigator Glenn Mulcaire, who hacked phones for the News of the World tabloid, have been sued in Britain by criminal-defense lawyer Kirsty Brimelow. Newspapers said in 2007 that Brimelow had an affair with U.K. chief prosecutor Ken Macdonald.

Comcast Expands Program to Close Digital Divide
Chicago Tribune
Comcast has expanded a program to help close the digital divide by providing discounted residential broadband Internet access to low-income families. Almost 100,000 total families in the United States, representing 400,000 people, participated in the first year.

Apple, Cable Industry in Talks Over TV Set-Top Box
Wall Street Journal
Apple is said to be in talks with some of the biggest U.S. cable operators about letting consumers use an Apple device as a set-top box for live TV and other content. The talks represent Apple's most ambitious crack at infiltrating the living room after years of trying.

Comcast, Time Warner Cable Top U.S. Media Stocks
Bloomberg
Comcast and Time Warner Cable have soared to the top of S&P 500 media index, thanks in part to one big selling point: They don't do business in Europe. The U.S. cable giants appeal to investors who want to avoid the fallout from Europe's debt crisis and currency fluctuations.

News Corp Announces Ethics Oversight Structure
Dow Jones
News Corp. has unveiled a structure to oversee the company's ethical practices, part of its efforts to address concerns after the phone-hacking scandal at its British newspapers. "The review is not based on any suspicion of wrongdoing by any particular business unit."

Redbox Owner Said in Sale Talks with Private Equity
New York Post
Redbox parent Coinstar, best known for its self-service movie DVD rental kiosks, is said to be holding talks about a potential sale while it also navigates a vending-machine expansion. The company has been in talks with an undisclosed private-equity firm for several months.

Electronic Arts Said to Attract Private-Equity Interest
New York Post
Electronic Arts, maker of the hit video games "SimCity" and "Madden NFL," is said to be quietly exploring a sale. The gamemaker has been approached by private-equity giants KKR and Providence Equity Partners about a potential deal. "It's early days," said a source.

Sony Gears Up for Fall Launch of PlayStation Mobile
Reuters
Sony will roll out its PlayStation Mobile cross-platform gaming service this fall, offering app software and other content across devices like the handheld PlayStation Vita and Xperia smartphones and tablets. The service will be available in nine countries including the United States.

Weinstein Company Chief Obtains Restraining Order
TMZ
The homeless man who threatened to attack singer Sheryl Crow has also threatened to "shoot" Harvey Weinstein, the co-chairman of the Weinstein Co. is said to have claimed. Weinstein has obtained a restraining order, requiring Phil Sparks to stay 300 yards away from him.

Getty Images Sold to Carlyle Group for $3.3 Billion
Bloomberg
Carlyle Group, the world's second-largest private-equity firm, plans to buy photo archive Getty Images for $3.3 billion from Hellman & Friedman. Carlyle will acquire a controlling stake, while the Getty family will roll "substantially all" of their ownership interests into the deal.

News Corp's Murdoch Calls for Immigration Overhaul
Boston Herald
U.S. immigration policies need to be revamped or the nation will lose out economically to more immigrant-friendly countries, said Rupert Murdoch. Mitt Romney should give "illegal Mexicans" a path to citizenship. "They're natural Republicans. They're Catholics. They're family people."

Liberty Media Nearing Takeover of Sirius XM Radio
Wall Street Journal
John Malone's Liberty Media is inching closer to taking control of Sirius XM Radio, raising its stake in the satellite-radio operator to about 48%. If Liberty's stake rises above 50%, it would have clear control of the company, opening the way to a possible spin off.

Comcast: Olympics Is 'TV Everywhere' Watershed
Multichannel News
More than 1.5 million Comcast subscribers accessed 26 million video streams for NBCUniversal's coverage of the London Olympics — a "watershed" event for TV Everywhere, said digital exec Matt Strauss. "Our focus is now taking the success to fall TV and other programming."

Disney's Next Blockbuster Could Be an Acquisition
TheStreet
Disney's next blockbuster may be a near-$10 billion acquisition. Scripps Networks Interactive could be on Disney's radar, according to Citigroup analysts. Adding Scripps' popular cable channels would allow Disney to target the same adult women watching its ABC shows.

News Corp to Boost Investment in Digital Learning
Associated Press
News Corp. plans to boost its investment in Amplify, its entry into the burgeoning field of digital learning, by another $100 million from a year ago to $180 million in the coming fiscal year. "Kids are used to a world of social networks and data aggregation," said News Corp.'s Joel Klein.

Viacom Suffers $300 Million Loss Over 'Rock Band'
Hollywood Reporter
Viacom is suffering a $300 million loss in a Delaware court tied to its 2006 acquisition of Harmonix, the studio that created the Rock Band video games. Although Viacom sold Harmonix in 2010, it is still paying for the decision to buy the game studio at the height of a boom.

Comcast's 'Bourne' Tally Drops Due to Olympics
Variety
While the domestic box office took a hit from the Olympics closing ceremony, Universal's weekend champ "The Bourne Legacy" bore the brunt of Sunday's deflated tally, with revised weekend totals at $38.1 million vs. the studio's originally estimated $40.3 million.

Redbox Taps Starbucks Veteran as New President
Home Media
Redbox is naming Anne Saunders, formerly with Bank of America, Starbucks and AT&T, as its new president. She will take over for Gregg Kaplan, who will remain president and COO of owner Coinstar through March 2013. Kaplan helped launch Redbox in 2002.

News Corp Chief Endorses Ryan as 'Almost Perfect'
Newsmax
Rupert Murdoch is giving his tweet of approval to Mitt Romney's selection of Paul Ryan as his running mate in the U.S. presidential election. "Thank God!" tweeted the News Corp. CEO. "Now we might have a real election on the great issues of the day. Paul Ryan almost perfect choice."

Comcast Among Media Giants Likely to Acquire Starz
Advertising Age
Now that Liberty Media plans to spin off Starz into a separate company, speculation is turning to a possible acquisition of the premium TV network by one of several media powerhouses. Comcast "is the most likely acquirer." Also, News Corp. "could use Starz."

CBS Said to Consider Bid for Dick Clark Productions
Reuters
CBS is said to be mulling a bid for Dick Clark Productions and would join other bidders including "American Idol" host Ryan Seacrest, who have until Aug. 31 to make offers. CBS is believed to be in a group of four to six bidders who have moved to a second round of talks.

Comcast's 'Bourne' Bumps Batman from No. 1 Spot
Associated Press
"The Dark Knight Rises" has finally fallen out of first-place at the weekend box office. Jeremy Renner's action tale "The Bourne Legacy" took over as the No. 1 movie with a $40.3 million debut, according to estimates. "Dark Knight" had been the No. 1 movie for three-straight weekends.

NBCUniversal Claims Record Olympic Viewership
Bloomberg
Daytime weekday viewership of the London Olympics has averaged 7.1 million, a 31% jump from 2008 and a record for non-U.S. Summer Games, NBCUniversal said. The audience totaled 212.7 million as of Friday, making it the second-most watched event in U.S. TV history.

Comcast CEO Predicts Big Changes in TV's Future
Businessweek
Television will change more in the next five years than in the last 50, according to Comcast CEO Brian Roberts. Comcast will be able to offer "a suite of products that you subscribe to. And we are going to have many customers that are going to buy those products directly from us."

NBCUniversal Eyes Ad Haul for 2014 Winter Olympics
Advertising Age
Social-media brickbats thrown at NBCUniversal over its London Summer Olympics broadcast aren't likely to have much effect on plans for the 2014 Winter Olympics in the Russian city of Sochi. NBCU already has sold $200 million worth of advertising for the broadcast.

News Corp Shares Hit Five-Year High Despite Loss
Reuters
Shares in News Corp. touched a more than five-year high on Thursday, even as a massive $2.85 billion restructuring charge in the media giant's publishing unit hurt the company's quarterly results. Wall Street expects cable networks and TV to be profit drivers in 2013.

Bloomberg, Murdoch Slated for Immigration Forum
Politico
New York mayor Mike Bloomberg plans to hold forums next week on immigration with former White House chief of staff Bill Daley in Chicago and with Rupert Murdoch in Boston. Murdoch has been critical of both President Obama and Mitt Romney on the issue.

News Corp Hacking Scandal Costs Hit $315 Million
Bloomberg
News Corp. reported a $1.55 billion fourth-quarter loss after writing down the value of publishing assets hurt by the phone-hacking scandal and shrinking advertising revenue. Coping with the scandal's fallout has cost News Corp. about $315 million since it broke in July 2011.

Disney Outpaces Media Rivals as Earnings Grow
Associated Press
Disney's stock is up 35% so far this year, outpacing its media rivals. Analysts believe Disney can offer steady growth because the company has protection against a possible ad slump: The increasing fees it charges distributors of its TV channels like ESPN and ABC.

Liberty Media to Eye Sirius XM After Starz Spinoff
Reuters
John Malone's Liberty Media plans to spin off its premium pay-TV network Starz into a public company in a deal seen as the latest step to taking control of satellite radio company Sirius XM. Separating Starz from Liberty could make it easier to move ahead with a Sirius XM merger.

Comcast Scam Leads to Arrests, Search for Others
Philadelphia Inquirer
Five men have been arrested and police are seeking 18 others in an elaborate scheme to bilk Comcast out of $2.4 million by selling discount cable services. Some 5,795 customers paid $150 to have discounts applied to their cable accounts, giving them premium channels.

Disney Eyes Fee Hike for TV Channels, Ads in Apps
CNBC
Disney CEO Bob Iger said he sees a "strong environment" for raising subscription fees for company's TV channels, which include ESPN. He is also planning a future revenue stream — advertising embedded into Disney's new iPad apps, which the company hopes to roll out this fall.

News Corp Journo Arrested in Illegal Payments Probe
Telegraph
A journalist from the News Corp. tabloid the Sun and a British police officer are being arrested as part of an investigation into corrupt payments, according to Scotland Yard. The police operation, which is running in conjunction with the phone-hacking probe, has seen 43 arrests.

Time Warner: Arrest at Ohio 'Dark Knight' Screening
TMZ
Police in Ohio have arrested a man who allegedly tried to smuggle guns, ammunition and knives into a late-night showing of Warner Bros.'s "The Dark Knight Rises." The manager of the Cleveland-area movie theater became suspicious after the man entered carrying a satchel.

Time Warner Eyes ESPN with Bleacher Report Buy
MarketWatch
After years of neglecting its sports-journalism franchise, Time Warner is trying to compete against the juggernaut known as ESPN. The media giant is poised to pay $175 million to acquire Bleacher Report, the sports news site highlighting the entertainment side of sports.

NBCUniversal: Movie Studio Head Meyer to Move Up
Los Angeles Times
Universal Studios President Ron Meyer will be headed upstairs to parent company NBCUniversal before his time in Hollywood is done. At some point in the next year or two, Meyer will move into an advisory role working with NBCUniversal CEO Steve Burke, per a provision in his contract.

Liberty Media to Spin Off Cable Programmer Starz
Bloomberg
Liberty Media plans to spin off Starz to unlock growth opportunities at the cable-programming unit. The John Malone-controlled company has used tracking stocks and financial transactions over the years to pursue tax benefits and make its assets more attractive to shareholders.

Comcast CEO Sees Olympics as 'Real Laboratory'
SportsBusiness Journal
The Olympics are allowing Comcast CEO Brian Roberts to test new technologies and imagine how the media landscape will look in the next decade. "We see these Olympics as a real laboratory." Pay-TV subscribers "can watch a lot more than what's on linear TV."

News Corp: Church of England Pulls Investment
Telegraph
The Church of England has pulled its £1.9 million investment from News Corp. in a protest over its handling of the News of the World phone hacking scandal. The investment is relatively small, but it comes as a significant blow to the media group's standing as an investment vehicle.

Time Warner to Acquire Sports Site Bleacher Report
Bloomberg
Time Warner's Turner Broadcasting is said to be acquiring the Bleacher Report sports website for under $200 million, bolstering its online sports coverage. The deal was approved by the Federal Trade Commission on Aug. 3, according to regulatory documents.

News Corp's Murdoch Olympic Meeting Stirs Criticism
BBC News
A mobile-phone video clip of British culture secretary Jeremy Hunt chatting with Rupert Murdoch at the Olympics suggests the pair are "as close as ever." The video suggests "no contrition" for mistakes after Hunt faced questions over his handling of News Corp.'s BSkyB bid.

Time Warner's 'Dark Knight' Rises as News Subsides
Bloomberg
"The Dark Knight Rises" is the No. 1 film in North America for a third weekend, collecting $36.4 million as news coverage of the shooting at a screening in Colorado abates. The latest Batman film from Warner Bros. missed forecasts on its first weekend after the incident.

CBS' Moonves Hailed as 'Super Genius' by Redstone
CNBC
CBS chief Sumner Redstone is praising CEO Les Moonves as a "super genius" as the company reports a rise in digital dollars and other new revenue streams. Moonves points to the impact of deals with Amazon, Netflix and Hulu. "We continue to increase the ways we get paid."

Viacom Preps New Projects to Revive Nickelodeon
New York Times
Viacom plans to develop a dozen new TV series and movies for its struggling Nickelodeon channel. Ratings softness, mostly at Nickelodeon, led to a 7% drop in domestic advertising revenue in the most recent quarter. "We are aggressively investing to create new hits."

Comcast, Time Warner Cable Shift Emphasis from TV
Wall Street Journal
Time Warner Cable CEO Glenn Britt and Comcast CEO Brian Roberts separately said they see Google's nascent one-gigabit communications network in Kansas City as a "laboratory" for encouraging new Internet services that will drive the adoption of faster broadband tiers.

Viacom Says Ad Sales Declined More Than Expected
Associated Press
MTV parent Viacom said its net income fell 7% in the latest quarter as advertising revenue declined more than expected and its movie releases failed to measure up to last year's. The media giant has been struggling with a ratings decline for key channels, particularly Nickelodeon.

CBS Claims Benefits from Change to Business Model
Bloomberg
CBS is countering a drop in advertising revenue with higher affiliate and subscription fees. The TV network "is benefiting from the steps we've taken to improve our business model," said CEO Les Moonves. Also, CBS is open to offers for its TV stations outside the top U.S. markets.

NBC Offers Peek of Future Olympics Business Model
Reuters
NBC briefly tore down the digital wall protecting its Olympics coverage and permitted consumers without a pay-TV subscription to watch live online a much-anticipated race with U.S. swimmers Michael Phelps and Ryan Lochte. NBC said it aims to "mix innovation and tradition."

News Corp Former Editor Brooks Released on Bail
Bloomberg
Rebekah Brooks, the former editor of News Corp.'s now-closed U.K. News of the World tabloid, has been released on bail after being charged with unlawfully intercepting voice mails messages to get information for news stories. Brooks was ordered to report to court on Sept. 3.

Time Warner to Revive CNN with Engaging Programs
Reuters
Time Warner is unsatisfied with CNN's low ratings and will seek to turn around the cable news network with programming that is more compelling and stays non-partisan, said CEO Jeff Bewkes. His comments come days after the president of CNN Worldwide said he would step down.

Comcast Sues FCC Over Ruling on Tennis Channel
Bloomberg
Comcast has sued the Federal Communications Commission to block a ruling mandating distribution of the Tennis Channel on its cable systems that it said may cost it hundreds of millions of dollars. The agency had ruled that Comcast improperly discriminated against the channel.

Dun & Bradstreet, Hoover's Owner, in Possible Sale
Wall Street Journal
Dun & Bradstreet, a provider of credit and business data to financial firms and other institutions, is said to be exploring a potential sale of itself. Abraham Lincoln once worked as a reporter for the 171-year-old company. Its assets now include Hoover's and AllBusiness.com.

Time Warner Quarterly Results Hit by Publishing Unit
CNNMoney
Time Warner has reported reduced second-quarter revenue and earnings despite improved results at its television networks. Results continued to lag in the publishing division, which includes Time Inc., as both advertising and subscription revenue fell, cutting profits nearly in half.

News Corp's Daily Tablet Newspaper Cuts 50 Jobs
Wall Street Journal
The Daily, News Corp.'s experiment with a tablet-only daily newspaper, has laid off 50 people, or nearly a third of its staff, about 18 months after its launch. "There is a general tightening of the belt" ahead of News Corp.'s planned split its publishing and entertainment assets.

Viacom Eyes Worldwide Export of Comedy Central
World Screen
Viacom plans to launch Comedy Central in Serbia, Slovenia, Macedonia, Montenegro, Herzegovina and Croatia. The new 24-hour channel will offer programs such as "The Daily Show" and "South Park." Extending the Comedy Central brand around the world "is a top priority."

Comcast Expected to Make Changes at Universal
New York Post
Insiders at Universal Pictures are expecting changes at the 100-year-old studio. Owner Comcast is expected to shake things up, with Universal boss Ron Meyer possibly getting pushed upstairs. DreamWorks Pictures boss Stacey Snider could be in line for the top slot.

MGM Buys Out Icahn Stake Ahead of Possible IPO
Los Angeles Times
Carl Icahn has sold his 25% stake in Metro-Goldwyn-Mayer, the 88-year-old studio behind the James Bond series and the upcoming "Hobbit" trilogy, back to the company for some $590 million. The move could be connected to an upcoming IPO that MGM is planning.

News Corp's Murdoch Invited to Olympics by Mayor
Evening Standard
London mayor Boris Johnson has invited Rupert Murdoch to be his personal guest to watch Brit Rebecca Adlington defend her 800 meter swimming gold medal this Friday. The media tycoon is expected to attend with his wife Wendi Deng and other business leaders.

Disney Seen 'At Risk' If Pay TV Goes A La Carte
Deadline
Disney is "most at risk" if the current pay-TV ecosystem collapses, according to a study from Lazard Capital Markets. The problem for Disney is that its channels aren't popular enough to continue to justify the nearly $8.4 billion a year they currently generate from program fees.

News Corp Asks to Keep Hacking Claims Secret
Bloomberg
News Corp.'s British publishing unit has asked a judge to keep secret a series of claims being made by victims of phone hacking at its News of the World tabloid in preparation for a group trial. The claims outline "activities which we think are unsustainable" if challenged.

Martha Stewart: Still Unprofitable After Nine Years
Dow Jones
Martha Stewart Living Omnimedia has retreated from hopes for profitability this year because of its large, heeling publishing arm. The company has been unprofitable for the last nine years, except for a single year in the black in 2007. Revenue is "down a bit from our expectations."

I Want Media Among 'Tools for Taming the Media'
AllThingsD
The daily onslaught of information is both a blessing and a dilemma for anyone with an Internet connection and a few subscriptions. There are any number of individual strategies for dealing with it. Power users Clay Shirky and John Battelle are sharing their go-to media resources.

Comcast Sees $1.2 Billion in Olympics Revenue
Bloomberg
Comcast's NBC Universal will receive about $1.2 billion in total revenue from the Olympics, moving closer to breaking even on the games. "It's better than we thought," said Comcast CEO Brian Roberts. NBC Universal paid about $1.18 billion for rights to the London Olympics.

Time Warner's 'Dark Knight' Hurt by Olympics
EW
"The Dark Knight Rises" has performed below expectations at the box office. "Things looked dire" on Friday, when the film went up against the Olympics opening ceremony and earned $18.1 million — a whopping 76% drop from its first Friday. Still, "Rises" is "an enormous hit."

News Corp Chief Reviews Olympics Ceremony
UPI
Rupert Murdoch has described the Summer Olympics opening ceremony as "surprisingly great, even if a little too politically correct." The News Corp. chief tweeted his review on Saturday, without elaborating. The event was helmed by director Danny Boyle, a "creative genius."

Olympics 2012: The Biggest Media Event in History
BBC News
Could the London Olympics be the biggest media event in history? The 2012 Olympic Games already encompass more journalists, camera crews and other media people, more hours of programming and more digital technology and cable than any previous international event.

Viacom Comes Out to Support Same-Sex Marriage
MediaPost
Viacom has joined with dozens of other entities in filing a court brief expressing opposition to the Defense of Marriage Act, which defines marriage as between a man and a woman. "We diligently work towards enhancing our policies that encourage diversity and equality."

Thomson Reuters to Buy Online Brand-Protector
Dow Jones
Thomson Reuters's Intellectual Property & Science business has agreed to acquire MarkMonitor, a provider of online brand-protection products. MarkMonitor's software allows enterprises to defend their brands against illegal distribution and promotion of pirated digital content.

Big Media Stocks' Big Run Faces Test This Quarter
Reuters
Political ads and big checks from cable and digital providers have driven up the stocks of Comcast, Disney, News Corp. and CBS. However, coming results may disappoint. "Earnings numbers need to start moving up, yet we do not see the scope for positive earnings revisions."

News Corp Buys Stake in Web Video Player Roku
Associated Press
News Corp. is taking a stake in Roku and putting senior exec Jon Miller on the board of directors of the Internet video streaming set-top box maker. The media giant's stake, along with that of subsidiary BSkyB, is part of a fifth round of funding for Roku of $45 million.

Comcast's Olympics WiFi to Push TV Everywhere
Multichannel News
Comcast, to promote mobile access to 2012 Olympic Games coverage by its NBCUniversal division, will provide free access to thousands of WiFi hotspots along the East Coast during the event. The free WiFi is available at all of Comcast's "owned and operated" hotspots.

Discovery Veteran Liguori to Consult for Carlyle
Wall Street Journal
Private-equity firm Carlyle Group has added a big name in media, hiring long-time industry exec Peter Liguori as a consultant. Liguori was most recently COO at Discovery, where he helped launch the Oprah Winfrey Network. He previously held several top positions at Fox.

News Corp: 'Little Impact' from Hacking Charges
Bloomberg
The phone-hacking charges against former News Corp. employees will have "very little impact" on the media giant, according to Alex de Groote, an analyst at Panmure Gordon & Co. "The stock market moved a long time ago to discount this, in terms of its valuation of News Corp."

Time Warner's 'Dark Knight' Brings New Arrests
Associated Press
At least three men accused of making threats during or after watching the new Batman movie have been arrested in separate incidents, underscoring moviegoers' anxieties and heightened security in the wake of a deadly mass shooting at a Colorado theater showing the film.

Comcast Battles Verizon with $300 Internet Service
Bloomberg
Comcast, going after consumers willing to pay top dollar for the fastest Internet speeds, has introduced a $299.95-a-month service that it said beats the speediest offering from Verizon's FiOS. The idea, said Comcast, is to target "really advanced digital families."

News Corp Former Journos Face Hacking Charges
BBC News
Eight people, including Rebekah Brooks and Andy Coulson, will face a total of 19 charges relating to phone hacking, according to British prosecutors. The two former News of the World editors are among seven of the now-defunct newspaper's former staff facing charges.

Time Warner Taps Academics to Understand Media
Crain's New York
Time Warner is asking academic researchers to make a pitch for cutting-edge research projects on media usage. The media giant aims to expand on the offerings and data it has been gathering at the Time Warner Medialab, which launched in January at its headquarters.

DreamWorks Mulls Cable Channel After Media Deal
Reuters
DreamWorks Animation is contemplating creating its own cable channel after agreeing to buy Classic Media, adding characters such as "Casper the Friendly Ghost" and "Lassie" to its franchise business. DreamWorks said it will pay $155 million for the rights-holding company.

Time Warner Donates to Fund for Shooting Victims
Hollywood Reporter
Warner Bros., the studio behind "The Dark Knight Rises," is making a "substantial" donation to charities supporting victims of the shooting in Colorado. The studio worked with Colorado's governor to identify a fund that will support victims of the July 20 killing spree.

Report: Movie Attendance Plummets to 1995 Level
New York Post
According to a report from Goldman Sachs, attendance at the movies last year was the lowest since 1995, and per-person attendance fell to a 25-year low — in particular among younger consumers who frequent the cinema most often. Teens "are just becoming more savvy."

News Corp, AT&T Test Mobile Education on Tablets
Wall Street Journal
News Corp. is forming a partnership with AT&T to provide tablet-based learning products for kindergarten through grade 12. The two companies will offer a pilot program this coming school year. News Corp. also announced that its education business will be named Amplify.

Time Warner's 'Dark Knight' Opens to $160 Million
Los Angeles Times
Though the tragic movie theater shooting in Colorado cast a pall on the opening of "The Dark Knight Rises," it didn't seem to keep crowds away. The final installment in Christopher Nolan's Batman trilogy is estimated to have grossed about $162 million in its domestic opening.

News Corp: Murdoch Exits Fuel Newspaper Sale Talk
Telegraph
Rupert Murdoch's resignation from directorships controlling several News Corp. titles has sparked speculation that the company will sell its U.K. newspapers. While analysts do not think that a newspaper sell-off is imminent, the departure does spell the "end of the gravy train."

Comcast to Flood Olympics Zone with Coverage
Philadelphia Inquirer
Comcast plans to unveil the "ultimate viewer's guide" to the Olympics, enabling subscribers to navigate NBC coverage and search by sport or athlete. There will be on-demand clips for each medal-winning event, in addition to other clips, totaling more than 1,000.

News Corp's Murdoch Exits Boards of Subsidiaries
Telegraph
Rupert Murdoch has resigned as a director of a string of News Corp. subsidiaries in the United States and Britain, fuelling speculation that he is preparing a sale of his newspapers. News Corp. is playing down the moves as "nothing more than a corporate housecleaning."

News Corp Seeks to Suppress Rebellion Over Murdoch
Independent
News Corp. has attempted to quell an investor rebellion over Rupert Murdoch's position as chairman and CEO of the media giant. Two of the company's non-executive directors have held talks with leading investors who support a resolution calling on Murdoch to step down.

Viacom, DirecTV Resolve Dispute, Ending Blackout
Associated Press
DirecTV and Viacom have settled a fee dispute that will bring shows featuring Sponge Bob and Jon Stewart back to the satellite-TV service's subscribers. Seventeen Viacom channels had not been accessible on DirecTV since July 10. Terms of the deal were not disclosed.

Hearst, Time Warner Cable End TV-Station Blackout
Milwaukee Journal Sentinel
Hearst and Time Warner Cable have reached an agreement in a carriage fee dispute that kept 13 local TV stations off the cable service for the past week. In a statement, Time Warner seemed to suggest Hearst was responsible for the "unnecessary broadcaster blackout."

News Corp's Murdoch May Face Shareholder Revolt
Telegraph
Rupert Murdoch is poised for a showdown at News Corp.'s annual meeting in October, after 18 heavyweight investors signaled their intention to oust him as chairman. The company's plan to split in two presents "a unique opportunity for serious governance reform."




 

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