That question has got louder and louder from investors and Wall Street analysts concerned that YouTube owner Google is racking huge profit-hindering costs to be the free online video platform for the world. It seems Google’s top guys don’t know the answer either — or if they do, they’re choosing not to share it with reporters on Thursday.
CBS Chief Executive Les Moonves doesn’t sound particularly worried about NBC’s decision to put Jay Leno in the 10:00 pm timeslot five nights a week. In fact, he sounds a bit giddy about the whole thing.
News broke this week that Anheuser-Busch has told NBC that the brewer will spend only about half as much on advertising packages during the upcoming 2010 Vancouver Winter Olympic Games and 2012 Summer Games in London, compared to previous years.
Bravo unveiled its new TV lineup at its upfront breakfast on Tuesday— and it’s chock full of more of those grating characters and train-wreck scenarios that have proved so successful for the cable network.
Twitter is now free for all, but it may not be for much longer. According to co-founder Biz Stone, the micro-blogging site plans to offer commercial accounts for businesses to pay a fee to receive an enhanced version of Twitter starting some time this year.
French conglomerate Vivendi this week joined a long list of media and entertainment companies that have been forced to write down their book values after suffering a sharp drop in advertising revenue and tumbling share prices, with no immediate turnaround visible on the horizon.