(Reuters) – CBS Corp reported a 6 percent gain in fourth-quarter profit on Thursday, boosted by political advertising on its TV networks and higher revenue from cable channel fees.
But the company’s earnings-per-share for October to December fell short of Wall Street analysts’ expectations, and its shares dipped nearly 1 percent after hours.
Feb 14 (Reuters) – The California State Teachers’ Retirement
System (CalSTRS) said on Thursday it will oppose Walt Disney
Co’s combination of the CEO and chairman roles, and its
executive pay plan at the company’s annual shareholder meeting
The second-largest U.S. pension fund owns about 5.3 million
Disney shares, a 0.3 percent stake worth $263 million.
Feb 13 (Reuters) – “Desperate Housewives” alum Eva
Longoria’s new project won’t bring her back to ABC, or any
traditional U.S. television network. The actress will produce
and lend her voice to “Mother Up!,” a 13-episode adult animated
comedy available in the U.S. this fall only on the online video
Longoria, Kevin Spacey, John Goodman and other top Hollywood
actors are being wooed by the growing number of Silicon Valley
companies rushing to get a foothold in consumers’ living rooms
with exclusive shows that feature big names and hefty budgets.
LOS ANGELES (Reuters) – A firm that owns more than 2 percent of Outdoor Channel Holdings Inc (OUTD.O: Quote, Profile, Research, Stock Buzz) urged the company’s board to halt a planned sale of the cable network to Leo Hindrey’s InterMedia Outdoor Holdings LLC, according to a letter provided to Reuters.
UTR LLC, an investment firm for high-net-worth individuals, said Outdoor Channel’s board ran an inefficient sale process that did not secure the best deal for shareholders.
Feb 1 (Reuters) – Provocative commercials for this year’s
Super Bowl broadcast have scored points before the opening
kickoff, with eyeball-fetching teasers nearly as important to
advertisers as the longer spots for the actual game.
Even the prospect of bad publicity has not tempered the
promotions. Coca-Cola and Volkswagen entries
generated complaints about racial stereotyping. A teaser for
Mercedes-Benz showcasing a supermodel’s body has
already drawn the ire of some media watchdogs.
LOS ANGELES (Reuters) – In the new political drama series “House of Cards,” Kevin Spacey plays a win-at-all-costs American politician scheming to disrupt the young administration of a president he helped elect.
The setting serves as the backdrop for a series that distributor Netflix Inc hopes will leave its mark by shaking up the television landscape.
Jan 28 (Reuters) – Time Warner Inc on Monday named
digital technology expert Kevin Tsujihara chief executive of
Warner Bros. Entertainment, the film studio behind the “Harry
Potter” movie franchise and hit TV shows such as “The Big Bang
Tsujihara will begin the CEO job on March 1, Time Warner
said in a statement. He will succeed Barry Meyer, who will stay
with the company as chairman through 2013.
(Reuters) – A grown-up “Hansel & Gretel” grabbed the weekend box office title, pulling in $19 million (12 million pounds) in U.S. and Canadian ticket sales with its reinvention of the fairy tale characters as fierce bounty hunters.
“Hansel & Gretel: Witch Hunters” knocked last weekend’s winner, low-budget horror flick “Mama,” into second place. “Mama” earned $12.8 million from Friday through Sunday, according to studio estimates, followed by “Silver Linings Playbook” with $10 million.
Jan 27 (Reuters) – A grown-up “Hansel & Gretel” grabbed the
weekend box office title, pulling in $19 million in U.S. and
Canadian ticket sales with its reinvention of the classic fairy
tale characters as fierce bounty hunters.
“Hansel & Gretel: Witch Hunters” knocked last weekend’s
winner, low-budget horror flick “Mama,” into second place.
“Mama” earned $12.8 million from Friday through Sunday,
according to studio estimates, followed by “Silver Linings
Playbook” with $10 million.
LOS ANGELES, Jan 25 (Reuters) – Splashy Super Bowl ads for
national advertisers like Coca-Cola Co and Budweiser
always seem to set records, but sales of lucrative local
commercials on stations owned by broadcaster CBS Corp
will also hit an all-time high this year.
“It’s huge compared with what CBS did three years ago,” said
Peter Dunn, president of CBS Television Stations. “Money is
still coming in, so it’s still not finished. We do think it’s a
record for total revenue.”