Jan 31 (Reuters) – Viacom Inc said quarterly
revenue fell 16 percent on weaker results from its movie studio
Paramount Pictures and lower advertising revenue at its stable
of cable networks.
Film revenue tumbled 37 percent, while domestic advertising
revenue fell 6 percent for the second quarter in a row, the
media conglomerate reported on Thursday. Viacom’s cable networks
include MTV, Nickelodean and Comedy Central.
NEW YORK (Reuters) – Glossy products still look best on the glossy page.
Advertising for luxury brands is driving increases in first-quarter ad pages at big magazine publishers, a welcome dose of good news for companies that have grappled with layoffs, restructurings and general malaise in a business whose fortunes have fallen as the online world has grown.
Conde Nast, Hearst Magazines, Time Inc and Rodale all expect a rise in ad pages sold in their magazines for the first quarter.
(Reuters) – Time Inc on Wednesday began the process of cutting about 500 jobs, about 6 percent of its total staff as the largest U.S. magazine publisher grapples with challenges beleaguering the print industry.
The layoffs mark the first major move made by Time Inc CEO Laura Lang, who joined the company in January 2012.
NEW YORK (Reuters) – Sirius XM Radio Inc’s grip on drivers is under an increasing threat as the availability of Internet connections in more cars is helping Pandora Media Inc counter some of its rival’s big selling points.
In a sign of how important drivers are to the two companies, each of their top executives made the trek to Las Vegas this week to court automakers at the annual Consumer Electronics Show.
NEW YORK, Jan 10 (Reuters) – Sirius XM Radio Inc’s
grip on U.S. drivers is under an increasing threat as the
availability of Internet connections in more cars is helping
Pandora Media Inc counter some of its rival’s big selling
In a sign of how important drivers are to the two companies,
each of their top executives made the trek to Las Vegas this
week to court automakers at the annual Consumer Electronics
SAN FRANCISCO/NEW YORK (Reuters) – The Associated Press began using its official Twitter account as an advertising platform on Monday, as the news organization seeks new forms of revenue.
Samsung Electronics Co Ltd was the first sponsor on the @ap account for breaking news, which is followed by 1.5 million Twitter users. The South Korean electronics maker’s initial “SPONSORED TWEET” promoted its events at the 2013 Consumer Electronics Show in Las Vegas this week.
Jan 4 (Reuters) – Hulu Chief Executive Jason Kilar will
leave the streaming TV company this quarter, he wrote in a blog
post on the company’s website on Friday, raising more questions
about its future path under multiple owners.
Kilar has long been rumored to be exiting the company as it
faces stiff competition from Netflix Inc, Amazon.com
Inc as well as Google Inc and Apple Inc
NEW YORK, Jan 2 (Reuters) – A federal judge on Wednesday
rejected The New York Times’ bid to force the U.S. government to
disclose more information about its targeted killing of people
it believes have ties to terrorism, including American citizens.
U.S. District Judge Colleen McMahon in Manhattan said the
Obama administration did not violate the law by refusing the
Times’ request for the legal justifications for targeted
killings, a strategy the Times said was first contemplated by
the Bush administration soon after the attacks of Sept. 11,
(Reuters) – Tribune Co, which started by publishing the Chicago Tribune on a hand press in 1847, sees a future in broadcasting, one not likely to include the major newspapers that made it a force in the news business.
Now that it has formally emerged from a four-year bankruptcy, Tribune is expected to concentrate on its WGN America cable network and a 23-station TV group it tried to fashion into its own broadcast network in the mid-1990s.
(Reuters) – Nielsen Holdings NV, the largest provider of television viewership ratings, will now dominate radio listening ratings as well.
Nielsen on Tuesday struck a deal to acquire its radio counterpart, Arbitron Inc, for $1.26 billion. The deal creates a powerhouse that places the measurement of audience for TV and radio under the control of one company.