As much as all eyes are on the earnings season, they are also on the wildfires in Southern California, which have displaced hundreds of thousands of people including many in the media, telecommunications and technology industry.
Some TV productions have been affected, and some Hollywood stars have had to pack up too.
In addition, gadget makers Sony and Kyocera have halted some production in the San Diego area because of the fires, and Sony’s Rick Clancy wrote on the electronics company’s blog of his family’s rapid evacuation: “Will our house and belongings still be there when we get to go home? Eventually, we’ll see. But, thank God we’re safe and sound.”
There has been little word yet on whether any film production has been affected by the fires.
Keep an eye on:
- Cablevision shareholders vote today on the Dolan family’s $10.6 billion buyout bid. Some major shareholders have come out against the deal, saying the price isn’t high enough, but others may be wavering, according to the New York Post. (NY Post) (Reuters)
- AT&T has been contemplating a big purchase in the satellite television sector and now appears to be poised to do a deal. AT&T has been consulting lawyers in Washington, D.C., to see how long it would take to get government approval to buy either EchoStar or DirecTV. (WSJ)
- Google and Nielsen will announce a multi-year deal to provide demographic data to Google’s system for selling television ads. It’s an important step for Google, which is viewed warily by traditional media companies as it tries to extend its dominance of Web search advertising into other outlets, from print to radio and television. (Reuters )
- Microsoft and Google are aiming to take a stake in Facebook, perhaps between 5 perent and 10 percent, with a deal expected to be announced within 48 hours. (NY Post)
- Microsoft reports earnings on Thursday and investors will be looking for signs of a strong holiday quarter for the Xbox 360 video game console and new computers loaded with Windows Vista. (Reuters)
Check out Reuters video of the Wildfire story below.
(Photo: A firefighter watches a wind-driven wildfire on actor Penn’s property in Malibu, Reuters/Lucy Nicholson)
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