NEW YORK, July 15 (Reuters) – Les Hinton, the top executive
of Rupert Murdoch’s Dow Jones & Co, resigned on Friday after
becoming a target of criticism for the phone-hacking scandal
that occurred when he oversaw News Corp’s (NWSA.O: Quote, Profile, Research, Stock Buzz) British
“I have watched with sorrow from New York as the News of
the World story has unfolded,” Hinton, who also served as
publisher of the Wall Street Journal, wrote in his resignation
NEW YORK/CANBERRA, July 14 (Reuters) – Rupert Murdoch,
fighting to bring under control a crisis that has cost him a $12
billion deal, is unlikely to rush into the sale of the newspaper
business at the heart of the hacking uproar in
The shockwaves of the scandal are spreading globally. Some
U.S. lawmakers called for an investigation to see if the
Australian-born billionaire’s News Corp broke any
NEW YORK (Reuters) – The $4 billion NBA basketball league looks to be barreling toward a lockout — adding to the woes of the restaurants, parking attendants and city governments that count on its games for income.
Last-ditch talks with the league’s owners collapsed on Thursday, according to the players’ union, with the two sides far apart on issues ranging from salaries to revenue sharing. The expiration of their current agreement is just hours away.
NEW YORK (Reuters) – ABC, NBC and CBS are on the brink of wrapping up their advanced television advertising sales, winning double-digit price increases nearly across the board in one of the quickest selling periods on record.
While Fox has already polished off its sales, the other three big broadcast networks could finish their deals by Thursday, according to industry sources. CBS should emerge with the biggest increases for its prime-time shows, with rates up between 14 percent and 15 percent from a year ago, the sources said.
NEW YORK (Reuters) – Online daily deal site Groupon Inc filed for an initial public offering, hoping to capitalize on the biggest investor stampede into Web start-ups since the dotcom bubble burst a decade ago.
The company filed on Thursday to raise up to $750 million in its IPO, an offering that has been widely speculated about for months and would be among the most closely watched of the year.
NEW YORK (Reuters) – Martha Stewart Living Omnimedia has hired Blackstone Advisory Partners, signaling it could strike a partnership or sell a stake in the company and sending shares up more than 30 percent.
At the same time, the company’s founder, Martha Stewart, announced on Wednesday that she expected to rejoin the board of directors in the third quarter.
NEW YORK (Reuters) – American television audiences are bound to experience a bit of deja vu this coming season.
As ABC, CBS, Fox and NBC previewed more than three dozen new TV shows this week, they sought to convince advertisers that they could offer better, fresher programs than the crop they introduced a year ago, which produced flops such as “Undercovers,” Off the Map” and “Lonestar.”
Shrewd? Prescient? Delusional? Tough to know, but top TV executives this week all seemed relatively confident — even off the record — when asked about the chances that NFL games would be played this fall.
NEW YORK (Reuters) – CBS will introduce only a handful of new television shows next season, and those will stick largely to its tried and true formula of crime dramas and conventional sitcoms.
Such modest changes show just how few holes CBS believes it has in a prime-time lineup that currently accounts for more than half of the top 30 shows in TV, including hits “NCIS,” “Two and a Half Men” and “The Mentalist.”
NEW YORK (Reuters) – ABC introduced an overhauled prime-time TV schedule for next season that will feature eight new dramas, highlighted by a remake of “Charlie’s Angels,” the 1960s throwback “Pan Am” and a dose of workplace romance.
ABC will also roll out five new comedies in the most drastic change to a schedule by any of the major broadcast networks. The prime-time lineup, unveiled on Tuesday, is the first from new Entertainment President Paul Lee, whose mandate is to reverse several years of viewership declines.