media conglomerates

6 Stories

Time Warner Posts $16B Loss on Declining Media Value

Conglomerate takes $25 writedown as publishing, Net assets cheapen

(Newser) - Time Warner reported a shattering fourth-quarter loss of $16 billion, prompted by plunging ad sales and a $25 billion goodwill writedown to reflect the decline in cable, publishing, and Internet assets, Bloomberg reports. While the media conglomerate took a hit from plummeting revenue at AOL and its magazines, rising revenue... More »

Debt-Laden Redstone May Sell Theaters

Media mogul may have to sell CBS stake, too, to placate bankers

(Newser) - With debts threatening to consume his media empire, Sumner Redstone is considering selling his family’s 1,500-screen movie theater chain, the New York Times reports. But even that may not be enough to satisfy his bankers, say people briefed on the negotiations. If things get bad enough, Redstone may... More »

IAC, Liberty Make Peace Over Spin-Offs

Media bosses Malone and Diller finally bury the hatchet

(Newser) - The months-long feud between media barons John Malone and Barry Diller over IAC spin-offs has ended amicably, the Wall Street Journal reports. Malone's Liberty Media, the majority shareholder in IAC, will drop its opposition to Diller's plans to divide IAC/Interactive Corp into five separate entities. Liberty will have the right... More »

Time Warner Focus Turns to Possible Breakup

Investors want stripped-down, agile company

(Newser) - What do you do when you take over the world’s biggest media company? If you’re new Time Warner CEO Jeffrey Bewkes, you probably sharpen some knives. Bewkes may soon spin off AOL as well as the conglomerate’s cable and magazine divisions, Bloomberg reports. “There’s nothing... More »

FCC Angers All Sides With New Media Rules

Cable companies fume at limits, and senators protest relaxed regs

(Newser) - The FCC is set to push through new rules on media ownership today, to the consternation of everyone from telecoms to free-speech advocates, writes the Wall Street Journal. The commission will introduce two new regulations: one will allow media companies to buy both newspapers and television stations in the top... More »

Writers March on Wall Street

Picketing Hollywood's money machine

(Newser) - Striking writers waving banners marched on Wall Street to complain that the nation's media giants aren't sharing the wealth from online content. The Writers Guild of America targeted CBS, Disney, Viacom Inc., which owns Comedy Central and MTV; News Corp., owner of the Fox TV and film studios, and others More »

6 Stories