Skip to: Content
Skip to: Site Navigation
Skip to: Search
SATURDAY, NOVEMBER 21, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: media conglomerates

media conglomerates stories: 6 news summaries

Time Warner Posts $16B Loss on Declining Media Value

Conglomerate takes $25 writedown as publishing, Net assets cheapen

Feb 4, 09 6:18 AM CST
(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 »

MORE ABOUT:
Time Warner • AOL • Time magazine • Jeff Bewkes • media conglomerates • writedowns • goodwill

Debt-Laden Redstone May Sell Theaters

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

Nov 25, 08 9:11 AM CST
(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... More »

MORE ABOUT:
Viacom • CBS • Sumner Redstone • media conglomerates

IAC, Liberty Make Peace Over Spin-Offs

Media bosses Malone and Diller finally
bury the hatchet

May 14, 08 8:48 AM CDT
(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 »

MORE ABOUT:
restructuring • Ticketmaster • John Malone • Barry Diller • Liberty Media • media conglomerates • IAC/InterActiveCorp

Time Warner Focus Turns
to Possible Breakup

Investors want stripped-down, agile company

Dec 28, 07 10:19 AM CST
(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 »

MORE ABOUT:
Time Warner • AOL • mergers and acquisitions • Jeffrey Bewkes • media conglomerates • movies

FCC Angers All Sides With New Media Rules

Cable companies fume at limits, and senators protest relaxed regs

Dec 18, 07 7:05 AM CST
(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 »

MORE ABOUT:
FCC • Kevin Martin • media conglomerates • media cross ownership

 Writers March on Wall Street

Picketing Hollywood's money machine

Nov 14, 07 2:49 AM CST
(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 »

MORE ABOUT:
Internet • Writers Guild of America • Hollywood writers' strike • residuals • media conglomerates

6 Stories


from our news partners