CBS, Clear Channel do some radio dealing

December 15, 2008

In case you hadn’t noticed, this isn’t exactly a great environment for wheeling and dealing. That only compounds the challenge CBS CEO Les Moonves faces in trying to reshape his radio division — it’s not like there was a thriving market for radio station M&A before this whole credit crisis.

Video games defy economic gloom

December 12, 2008

U.S. shoppers are still spending in a big way — they are just not buying cars, plane tickets, clothing, etc. But they are buying video games.

Redstone’s last picture show

December 4, 2008

Media mogul Sumner Redstone appears to be sticking with his decision to not sell more shares in Viacom and CBS. Here’s the Financial Times:

Desperately seeking hits: MPG

December 1, 2008

Are people going to watch more TV because they’ve no money to go out? According to media buying and planning agency MPG — a subsidiary of Havas, the world’s sixth-largest ad firm — the answer is no, unless the TV networks come up with better shows.

It’s Midway or the highway for Redstone

December 1, 2008

Sumner Redstone is selling low — way low. Here’s The Wall Street Journal with the news:

What you watched on TV last week…

November 18, 2008

First President-Elect Barack Obama sparked a run on newspapers, and now his appearance on 60 Minutes helped deliver CBS the largest weekly audience of any network this season. The news program, featuring Obama’s first post-election interview, drew more than 25 million viewers, the biggest number since January 1999.

Ouch! A bad day in the market for Redstone

November 12, 2008

This is shaping up as a bad day for Sumner Redstone — and he’s had a few of those lately — at least where his investments are concerned. Check out share prices of his three major holdings: CBS down 17 percent and Viacom down 11 percent. Midway Games takes first (or last) prize: down 34 percent.

What you watched on TV last week…

November 11, 2008

What you — and everyone else –  watched on TV was the election, apparently. More than 71 million Americans tuned in to see the end of the presidential campaign, and coverage on ABC and NBC ranked among the top 10 shows during primetime last week, according to the latest Nielsen numbers.

What you watched on TV last week…

November 4, 2008

It was all about sports last week as the World Series and a couple of big football games ranked among the most-watched prime-time shows. Fox was the big winner, according the the latest Nielsen figures.

Redstone + Viacom = True Love Always

November 4, 2008

A couple of things we know about Viacom in the aftermath of its earnings report: Sumner Redstone is madly in love with the media company, and he is still not selling any more shares.