A wave of media earnings

A flood of media companies, including Time Warner Cable and DirecTV, will begin reporting second quarter earnings tomorrow. As the sector undergoes a wave of consolidation and transformation, Julia Boorstin take a look at what investors can expect from the results.

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When Netflix reports its second quarter results after the market’s close Monday the focus will be, as always, on its subscriber numbers. This will be the first quarter that investors can assess the impact of a price increase for new subscribers. Instead of depressing subscriber numbers, the fact that existing subscribers can lock in their lower prices …

Adam Jeffery | CNBC
Steve Forbes

Forbes announced Friday it has accepted an offer for a “significant ownership stake” from a Hong Kong-based consortium but will retain its majority position. Forbes said Integrated Whale Media Investments will provide money and business knowledge to its media assets. Terms of the transaction were not disclosed, but Forbes added that current investor Elevation Partners …

Source: 21st Century Fox

Although Time Warner rejected 21st Century Fox‘s $80 billion cash and stock bid for the company, both investors and industry experts expect big mergers to come in the content side of the media business. Larry Haverty, associate portfolio manager of Gabelli Multimedia Trust, told CNBC the proposed Time Warner/Fox deal is “basically the first salvo in …


US copyright officials have told Aereo that they do not consider it a “cable company” under the terms of copyright law, according to a letter obtained by CNBC. Aereo, which lost a key Supreme Court ruling last month on the legitimacy of its TV-streaming service, had sought the same license available to other cable companies …


Media group 21st Century Fox on Wednesday confirmed that it made an offer to acquire peer Time Warner in June. Read More Time Warner rejects $80B Fox offer “We are not currently in any discussions with Time Warner,” Fox said in a statement. Time Warner also confirmed that it rejected the offer in a Wednesday morning release. The proposal, Time …

Media moguls meet in Sun Valley

The town of Sun Valley, Idaho is known for two things: exclusive black diamond ski resorts in the winter and the parade of media moguls looking to strike deals at an exclusive annual summer conference.

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David Zaslav, president and chief executive officer of Discovery Communications

Discovery Communications CEO David Zaslav said consolidation among cable and satellite companies isn’t over and he expects television content owners to respond with mergers of their own. “There’s still a lot of distributors that are left,” Zaslav said at the Allen & Company conference in Sun Valley, Idaho, adding that he expects “more consolidation on the …

Box office bust

Why are fewer people going to the movies and could that turn into a financial horror show for Hollywood.

Second half outlook: media

Will there be more deals in the media space in the second half and will the government weigh in on how you can get your entertainment?

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Chet Kanojia, chief executive officer of Aereo Inc.

The Supreme Court delivered a major setback to online TV startup Aereo but a win for the media business, industry watchers said Wednesday. David Bank, a media analyst at RBC Capital Markets, called the court’s ruling that the startup violated copyright law a win for consumers. Launched in 2012, Aereo sought to revolutionize the TV industry. The …

Source: CBS
Still from CBS' The Big Bang Theory

Some of America’s oldest TV networks have accused a 2-year-old start-up of stealing their programming. Here’s what may happen if the newbie gets its way. Any day now, the Supreme Court is expected to rule on a case between the major broadcast networks and Aereo, a company that picks up their signals and sells them …

The next big video game titles

It was a big day in Los Angeles, the kick off of the Electronic Entertainment Expo, or E3; the biggest annual gathering for the video game industry, where big names unveil the next big titles and consoles.

Time Inc. debuts after spinoff

Time Inc, the magazine unit that’s home to People, Sports Illustrated and Time Magazine was spun off from parent company Time Warner today. Shares of Time also made their market debut on the New York Stock Exchange.

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Steve Ballmer’s plan to buy the Los Angeles Clippers for $2 billion is an unusual situation for both the buyer and seller. As one close friend of Ballmer’s told me Friday morning: “He’s obsessed with basketball, he needs something to do and he’s got $18 billion.” So we can’t extrapolate too much from this yet. But it does …