Paul's Feed
Nov 30, 2010

Reuters Summit – WWE takes aim on launching TV network

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.

Nov 30, 2010

USOC seeks to revive Olympic TV network

NEW YORK (Reuters) – The U.S. Olympic Committee is seeking to revive plans for a cable television network, and plans to start discussions next year with the International Olympic Committee, a top official said on Tuesday.

Scott Blackmun, Chief Executive of the USOC, said at the Reuters Global Media Summit that he also wants to discuss the network with Comcast Corp (CMCSA.O: Quote, Profile, Research, Stock Buzz) once it completes the buyout of NBC Universal (GE.N: Quote, Profile, Research, Stock Buzz), a longtime broadcaster of the Games.

Nov 30, 2010

Reuters Summit-USOC seeks to revive Olympic TV network

NEW YORK, Nov 30 (Reuters) – The U.S. Olympic Committee is
seeking to revive plans for a cable television network, and
plans to start discussions next year with the International
Olympic Committee, a top official said on Tuesday.

Scott Blackmun, Chief Executive of the USOC, said at the
Reuters Global Media Summit that he also wants to discuss the
network with Comcast Corp (CMCSA.O: Quote, Profile, Research, Stock Buzz) once it completes the
buyout of NBC Universal (GE.N: Quote, Profile, Research, Stock Buzz), a longtime broadcaster of the
Games.

Nov 9, 2010

Disney presses ahead with retail makeover

NEW YORK (Reuters) – Walt Disney opened a new 20,000 square foot store in New York’s Times Square on Tuesday, pressing ahead with plans to upgrade its retail chain, despite choppy consumer spending.

Chief executive Robert Iger, said in an interview the makeover of its retail business centered on improving the location of stores and adding features to entertain shoppers, such as a two-story princess castle that anchors the Times Square shop.

Nov 4, 2010

Time Warner, Cablevision results show economic divide

NEW YORK (Reuters) – Plain old-fashioned cable television just can’t shake the economic blues.

Quarterly results on Thursday from Time Warner Cable (TWC.N: Quote, Profile, Research, Stock Buzz), Cablevision Systems Corp (CVC.N: Quote, Profile, Research, Stock Buzz) and DirecTV (DTV.O: Quote, Profile, Research, Stock Buzz) showed wealthier families — those that weathered the downturn — are sticking with cable and satellite subscriptions, and in many cases upgrading to add services such as video recorders or faster broadband speeds.

Nov 4, 2010

Scripps profit up with help from Travel Channel

NEW YORK (Reuters) – Scripps Networks Interactive Inc (SNI.N: Quote, Profile, Research, Stock Buzz), home to a roster of cable TV channels, posted better-than-expected earnings and revenue on Thursday thanks to strong advertising sales, particularly at the Travel Channel.

Scripps, whose popular networks also include HGTV and the Food Network, saw its stock jump 4.5 percent after quarterly earnings that cemented its place among the hottest companies in the media and entertainment business. Shares are up about 22 percent this year.

Nov 2, 2010

Discovery profit nearly doubles; advertising strong

NEW YORK, Nov 2 (Reuters) – Discovery Communications Inc’s
(DISCA.O: Quote, Profile, Research, Stock Buzz) quarterly profit nearly doubled and the media company
raised its outlook for 2010 revenue, reaping the rewards of
bigger audiences and stronger advertising at its roster of
cable networks.

The media company, whose cable networks include Discovery
Channel, TLC, and Animal Planet, showed on Tuesday a blistering
16 percent increase in U.S. advertising revenue and 23 percent
rise in international advertising revenue.

Nov 1, 2010

Ad rebound plays well for media companies, for now

NEW YORK (Reuters) – From Walt Disney Co (DIS.N: Quote, Profile, Research, Stock Buzz) to Time Warner Inc (TWX.N: Quote, Profile, Research, Stock Buzz), the media business is looking a little less glamorous these days.

After an impressive run in big media stocks — most are up between 20 percent and 40 percent in the past year — concerns are spreading that an advertising recovery that looked so promising only a few months ago could stall out.

Oct 27, 2010

Comcast posts better-than-expected results

NEW YORK (Reuters) – Comcast Corp reported better-than-expected quarterly earnings and revenue, as customers signed up to more expensive packages of cable, voice and broadband service.

The largest U.S. cable operator, which is hoping to soon win regulatory approval to take control of NBC Universal, said third-quarter net income fell to $867 million, or 31 cents a share, from $944 million, or 33 cents a share, a year earlier.

Oct 12, 2010

Lions Gate seeks MGM deal, gets Icahn’s support

NEW YORK, Oct 12 (Reuters) – Lions Gate Entertainment Corp
(LGF.N: Quote, Profile, Research, Stock Buzz) has proposed merging with Metro-Goldwyn-Mayer in a deal
that would combine two studios that have thrilled audiences
with hits including “Mad Men” and “James Bond,” but also face a
full cast of challenges.

The proposal immediately won support from corporate raider
Carl Icahn, an investor in Lions Gate and MGM, who in a
statement on Tuesday said such a deal would “enhance value for
all constituencies.”