NEW YORK (Reuters) – Dazzling quarterly results from Apple Inc and IBM cheered investors on Wednesday and set the stage for what looks to be a strong earnings season for the technology sector.
At least six brokerages upgraded their price targets on Apple after its results and forecast, both of which were better-than-expected. IBM received a similarly warm reception from analysts. Both reported results Tuesday afternoon.
NEW YORK/WASHINGTON (Reuters) – U.S. regulators approved Comcast Corp’s purchase of a majority stake in NBC Universal with the requirement that NBC give up day-to-day control of popular online video site Hulu.
The Federal Communications Commission and the Department of Justice approved the deal more than a year after the companies announced it. When it closes, it will create a media powerhouse that will control not just how television shows and movies are made, but how they are delivered to people’s homes.
It’s almost time again for the Super Bowl, which means this is when all the talk starts about those famous, and famously expensive, commercials. Just how expensive? Kantar Media came out with a study today that shows Anheuser-Busch InBev, Pepsi, Walt Disney, General Motors, Coca-Cola have combined to spend nearly $600 million on Super Bowl ads over the last 10 years. For those of you bad with numbers, that’s more than half-a-billion dollars. Keep in mind, General Motors wasn’t even part of the game for 2009 or 2010.
This year, however, General Motors is back in a big way – leading a pack of auto makers who, as we pointed out in a story last week, will dominate this year’s game. Up to nine different auto manufacturers are expected to run spots this year. Kantar points out that five years ago only four car companies ran spots. Ten years ago only one car company bought time.
NEW YORK/DETROIT (Reuters) – Viewers can be forgiven for assuming Super Bowl XLV is being played in Detroit.
Next month’s National Football League championship game, which actually takes place just outside Dallas, Texas, features advertising campaigns from no less than eight major car companies. Some have bought more than one spot for the February 6 game on News Corp’s Fox Broadcasting, the year’s biggest U.S. media event.
NEW YORK (Reuters) – Comcast Corp plans to soon roll out a feature allowing its customers to watch real-time television shows, whether a crime drama or newscast, on tablet computers such as Apple Inc’s iPad.
Plans call for Comcast to first introduce an application for on-demand video, meaning its subscribers can select from a lineup of TV shows or movies that previously aired. Subscribers can then watch the video on an iPad wherever they are — at home, a coffee shop or an airport.
NEW YORK (Reuters) – The Federal Communications Commission’s top official has given his approval to Comcast Corp’s NBC Universal purchase, but would require several crucial conditions.
FCC Chairman Julius Genachowski’s support marks a major step forward for a deal that was announced more than a year ago and has been subject to intense scrutiny by federal officials, consumer groups and media industry competitors.
NEW YORK, Dec 23 (Reuters) – The Federal Communications
Commission’s top official has given his approval to Comcast
Corp’s (CMCSA.O: Quote, Profile, Research, Stock Buzz) purchase of NBC Universal with a number of
tough and narrowly tailored conditions on the deal.
Conditions for approval would address several key areas,
including online video, program access and program carriage,
according FCC officials who declined to be named.
NEW YORK (Reuters) – Comcast Corp’s NBC Universal purchase will be delayed until at least next month, with federal regulators taking longer than the companies had hoped to sort through the deal.
NBC Universal Chief Executive Jeff Zucker, who will leave the company once the deal is completed, circulated a memo to staff on Wednesday saying: “We have made substantial progress this month with both the FCC and the Department of Justice, and expect that we will get a ‘green light’ in January.”
NEW YORK (Reuters) – Fall back on your sofa in five years, snap your fingers to turn on a TV that’s thin as paper and stretches across a wall, then ask it to switch to your favorite sports channel so you can watch the day’s baseball game in 3-D — no glasses required.
This is a portrait painted by top executives when asked about the future of TV at this week’s Reuters Global Media Summit. Not all agreed on details — some, like Viacom (VIAb.N: Quote, Profile, Research, Stock Buzz) Chief Executive Philippe Dauman, warned big changes could take more than five years given that people tend to have “a very optimistic view of how quickly and widely devices will be adopted.”
NEW YORK (Reuters) – World Wrestling Entertainment Inc plans to launch a cable TV network featuring its hulking wrestlers and scripted storylines in mid-2012 or early 2013, later than it had previously hoped, a top executive said on Tuesday.
WWE Chairman and Chief Executive Vince McMahon said in February that he hoped to have a network up and running in 18 months, implying August 2011.