CBS Corp. produced a strong first-quarter performance and doubled its quarterly dividend in a sign that the television broadcaster believes it has recovered from the latest advertising downturn.
Big-name Hollywood action-flick directors including James Cameron and Michael Bay have come out guns blazing against a plan by studios to allow people to rent new movies at home just two months after they debut in theaters, a move that cuts the wait in half for home film buffs.
A group of top business leaders warned in a new report Thursday that U.S. schools have set a standard for their students that's too low and that subpar expectations put the country in danger of falling even further behind other nations in reading and math proficiency.
Former ABC News President David Westin will lead an agency created to help The Associated Press and other media companies generate more revenue by licensing news content for online use.
Time Warner Cable Inc. and Viacom Inc. took their dispute over what content can be put on the cable company's iPad app to federal court on Thursday, asking a judge to decide the issue.
As someone who got started in the investing business by looking at cyclical stocks and later migrated into technology, the predictable pattern of strong growth, followed by slower growth as an industry matures, then eventual consolidation is not a surprise.
Time Warner Cable Inc. will drop a dozen cable channels from its iPad app after three big programmers complained that the company does not have the rights to distribute their content on the popular tablet computer.
An Associated Press tally shows that Time Warner Inc. CEO Jeffrey Bewkes received compensation for 2010 valued at $26.1 million. That's up 35 percent from what he took home in 2009 as the media company's bottom line benefited from strong demand for its television content and cost cuts in publishing.
Netflix Inc.'s Internet video streaming service will be the only place to watch an upcoming TV series with a high-powered pedigree that includes Academy Award-winning actor Kevin Spacey and the director of an Oscar-nominated film about Facebook.
