NBC winning big in the games

August 11, 2008

swim.jpg NBC is putting up big numbers so far in the Olympics.

Start with the opening ceremony. While some complained that the event couldn’t be seen live in the United States, the move to delay the broadcast and run it during prime-time paid dividends. Some 34 million viewers tuned in, up about 35 percent since the last summer games.

Google’s investment in AOL heading down

August 8, 2008

toilet.jpgFive percent of AOL may not be what it used to be.

Many thought that was the case, but now even Google says so, conceding in a filing that its stake in Time Warner Inc’s AOL unit may be worth less than the $1 billion the Web company paid for it in 2006. “We believe our investment in AOL may be impaired,” Google said in its quarterly financial filing.

Gabelli to Cablevision: Stop teasing!

August 7, 2008

gabelli.jpgIs silver-haired media investor Mario Gabelli playing matchmaker?

In an interview, he says that it’s about time Cablevision get down to business and hook up with Time Warner Cable. Gabelli, who runs hedge fund Gamco Investors,  a top Cablevision shareholder, tells Bloomberg the family run cable operator and networks company should be “making love with Time Warner Cable.”

No more free TVs ding FiOS growth

July 28, 2008

dennystrigl-verizoncoo.jpgVerizon’s new fiber optic (FiOS) TV service added fewer subscribers this quarter with just 176,000 compared with 263,000 in the first quarter. This  surprised some analysts who had expected FiOS to continue its same rapid pace of growth, backed by Verizon’s huge marketing spend and aggressive push.

Madison Square Garden gets into the management game

June 12, 2008

jim-dolan.jpgMadison Square Garden, the storied New York City sports and entertainment venue owned by the Dolan family’s Cablevision Systems Corp, is getting further into the music business with a deal to take a minority stake in artist management company Front Line, it said on Wednesday.

Cablevision sweet on Newsday; suitors circling

May 1, 2008

madison-square-garden.jpgWho says the newspaper business is doomed? Circulation and advertising may be in the dumps, sure, but judging from the bidders lining up to buy Newsday there are plenty of moguls still keen on newspapers.