Paul's Feed
Jan 7, 2010

GameStop cuts profit view; holiday sales stagnate

NEW YORK, Jan 7 (Reuters) – GameStop Corp <GME.N> said
holiday sales failed to improve from 2008 and cut its
fourth-quarter profit forecast on Thursday, sending shares of
the biggest U.S. videogame retailer to a 13-month low.

Although the company blamed a woeful combination of a weak
economy, bad weather and product shortages, other retailers had
far less trouble overcoming winter storms and consumer worries,
with Macy’s Inc <M.N> and Costco <COST.O> posting higher sales
figures for the most important sales period of the year.
[ID:nN07165754]

Dec 7, 2009

Discovery names former Fox executive as COO

NEW YORK (Reuters) – Discovery Communications Inc appointed former Fox executive Peter Liguori as chief operating officer and said he will represent the company in its joint ventures with Oprah Winfrey and Hasbro Inc.

Liguori, 49, will join Discovery on January 19, bringing his expertise in making Hollywood hits to a fast-growing cable network that specializes in adventure, travel and cooking shows like “MythBusters” and “Shark Week.”

Dec 4, 2009

All eyes on Comcast’s Roberts in 2010

NEW YORK (Reuters) – If Brian Roberts wants an audience, he’s got one.

The Comcast Corp <CMCSA.O> chief executive made headlines this week with his NBC Universal deal, expanding the reach of his cable company into nearly every corner of the media business, from making movies to running theme parks.

Dec 4, 2009

Comcast lands NBC in deal that reshapes media

NEW YORK (Reuters) – Comcast Corp struck a deal to buy a majority stake in NBC Universal from General Electric Co, creating a media superpower that would control not just how television shows and movies are made, but how they are delivered to the home.

The deal had been discussed for months and brought to light deep divisions over the future of the media business, with some lauding Comcast Chief Executive Officer Brian Roberts as a visionary and others calling it the most foolhardy acquisition since AOL bought Time Warner in 2001.

Dec 3, 2009

Don’t expect same Oprah talk show on OWN network

NEW YORK (Reuters) – Oprah Winfrey’s new cable network will feature the media queen in a big way, but fans should not expect her to reprise the talk show that made her famous over the past 25 years, said the CEO of Discovery Communications Inc.

Winfrey will end her reigning daytime broadcast TV talk show in September 2011, and focus on her new Oprah Winfrey Network (OWN), which is 50 percent owned by Discovery.

Dec 3, 2009

Don’t expect same Oprah show: Discovery

NEW YORK (Reuters) – Oprah Winfrey’s cable network will feature the media queen in a big way, but people should not expect her to reprise the talk show that made her famous over the past 25 years, said the CEO of Discovery Communications Inc <DISCA.O>.

Winfrey will end her reigning daytime broadcast TV talk show in September 2011, and focus on her new Oprah Winfrey Network (OWN), which is 50 percent owned by Discovery.

Dec 3, 2009

Reuters Summit-Don’t expect same Oprah show-Discovery

NEW YORK, Dec 2 (Reuters) – Oprah Winfrey’s cable network will feature the media queen in a big way, but people should not expect her to reprise the talk show that made her famous over the past 25 years, said the CEO of Discovery Communications Inc <DISCA.O>.

Winfrey will end her reigning daytime broadcast TV talk show in September 2011, and focus on her new Oprah Winfrey Network (OWN), which is 50 percent owned by Discovery.

Nov 6, 2009

CBS profit beats Street, even as advertising hurts

NEW YORK (Reuters) – CBS Corp <CBS.N> reported stronger-than-expected quarterly earnings on Thursday, as its television business received a boost from the syndication of hit shows like “Criminal Minds” and “Medium.”

Revenue from the sale of those shows helped mask what remains a bigger problem for CBS and the rest of the media industry: a year-long slump in advertising that is only starting to ease.

Nov 4, 2009

Time Warner profit beats estimates

NEW YORK (Reuters) – Time Warner Inc posted a higher-than-expected quarterly profit and raised its full-year earnings forecast, in a sign that advertising sales at cable networks such as TNT are recovering and that cost-cutting at the Warner Bros film studio is paying off.

The surprising results — earnings per share beat analyst forecasts by about 15 percent — come during a major repositioning at Time Warner, which has spun off Time Warner Cable Inc and will spin off Internet operation AOL in December.

Nov 4, 2009

Time Warner profit beats estimates, outlook raised

NEW YORK, Nov 4 (Reuters) – Time Warner Inc <TWX.N> posted
a higher-than-expected quarterly profit and raised its
full-year earnings forecast, in a sign that advertising sales
at cable networks such as TNT are recovering and that
cost-cutting at the Warner Bros film studio is paying off.

The surprising results — earnings per share beat analyst
forecasts by about 15 percent — come during a major
repositioning at Time Warner, which has spun off Time Warner
Cable Inc <TWC.N> and will spin off Internet operation AOL in
December.