A startup backed by media billionaire Barry Diller has launched a service that sends live local TV feeds to iPhones and iPads. But the service may be short-lived, since TV stations are likely to challenge its right to use their broadcasts.

Oprah Winfrey earned the rare opportunity to convert her media charisma into a monogrammed TV channel. Now she's the one tasked with rescuing OWN, the Oprah Winfrey Network, after a disappointing first year.
Oprah Winfrey earned the rare opportunity to convert her media charisma into a monogramed TV channel. Now she's the one tasked with rescuing OWN, the Oprah Winfrey Network, after a disappointing first year.

Chelsea Clinton, who remained largely out of the media glare while her parents were in the White House, is stepping out under the television lights.
Billionaire media mogul Barry Diller has resigned from the board of concert promoter Live Nation, capping a battle with another media tycoon, John Malone.

Facebook founder and CEO Mark Zuckerberg has been named Time magazine's "Person of the Year" for 2010.

Another 17 of America's richest people, including Facebook CEO Mark Zuckerberg, junk bond pioneer Michael Milken and AOL co-founder Steve Case, have promised to give away most of their wealth.

Newsweek, a 77-year-old magazine that once helped set the national news agenda, is linking its future with a startup website just two years in the making.
Ask.com is laying off about 130 engineers as it abandons its own technology for indexing and recommending websites.