« April 2008 | Main | June 2008 »

May31
Viacom Plunges to Yearly Low on Advertising Worries

Viacom Inc. (NYSE:VIA-B) dropped to its lowest stock price in 52 weeks, as CEO Philippe Dauman announced this week that advertising growth in the second quarter will be down more than expected.

On the domestic side, Dauman said ad sales will grow in the 3 to 4 percent range, similar to last year's performance in the same quarter. The company took a hit on its stock because the original assessment was growth in the 7 percent area, much like they enjoyed in the first quarter.

This of course isn't unexpected, as the major advertising categories like automotive and banking have cut down on their spending as the economy continues to be sluggish.

viacom%20CEO%20Philippe%20Dauman%20says%20ad%20spending%20down%20in%20second%20quarter.gif

Continue Reading
May30
Angelina Jolie Gives Birth to Twins in France - Maybe
Reports are conflicting on whether the announcement by "Entertainment Tonight" that Angelina Jolie gave birth to her and Brad Pitt's twins. Competitor "People" said their sources say it hasn't happened yet. It's funny watching these gossip rags talk about this.... Continue Reading
May29
Former 'Carol Burnett' Comic Harvey Korman Dies at 81
One of the funniest comics in showbiz, Harvey Korman, died Thursday at the age of 81. He died of of complications connected to an abdominal aortic aneurysm he suffered several months ago. If you ever have seen the Carol Burnett... Continue Reading
Bill Murray's Divorce Not Going to be Nice
The wife of actor Bill Murray looks like she isn't going to play nice, as she has filed for divorce after the couple has been separated for about a year, alleging abuse by Murray.Jennifer Murray said in her divorce papers... Continue Reading
May28
Country Music Star Chris Cagle Arrested Again, this time for Domestic Assault
For the second time in less than a year, country music singer Chris Cagle was arrested for assault, this time in a drunken fight with his girlfriend Jennifer Tant. The two were arrested and held for a mandatory 12-hours in... Continue Reading
May27
ABC, NBC, CBS in Joint Effort to "Stand Up To Cancer"
In an effort to combat cancer, CBS (NYSE:CBS-A), ABC (NYSE:DIS) and NBC (NYSE:GE) will combine forces on September 5 to battle the disease. What the three networks will do is donate an hour each in primetime to raise money for... Continue Reading
May25
Harrison Ford and Indiana Jones Score Big at Box Office, Finish over $100 Million
Harrison Ford is back on the map, as Indiana Jones and the Kingdom of the Crystal Skull led the three-day weekend box office, finishing with an estimated $101 million take. Including its launch on Thursday, the four-day total came to... Continue Reading
May24
Russia's Communist Party in Snit over "Indiana Jones and the Kingdom of the Crystal Skull"
A number of members of the Communist Party in Russia are asking its citizens to boycott the new Indiana Jones movie, as they say it's a historical distortion, and puts communist ideology in a bad light. Ease up guys, it's... Continue Reading
May23
Fox Wins Key Demo and Overall Audience Ratings in Prime-Time Race
Fox (NYSE:NWS-A) has won the ratings war for viewers in the key 18-49 demo, but this year they added the title of drawing the most overall viewers as well, winning in that category for the first time ever. The 18-49... Continue Reading
May22
Daughter of Gospel Singing Star Steven Curtis Chapman Dies in Car Accident
The 5-year-old daughter of Steven Curtis Chapman was killed on Wednesday, when her brother, who is a teenager, backed up a SUV over her while playing in the driveway. Maria Sue Chapman was killed while the family was celebrating the... Continue Reading
May21
Jim Cramer: "I Hate Media Stocks"
While Jim Cramer recently said that he hated media stocks, he's thinking more in terms of the overall sector. In reality he does like a couple of them pretty well, specifically Disney (NYSE:DIS) and Discovery (Nasdaq:DISCA). Others he somewhat likes... Continue Reading
May20
Will New Netflix TV Box Make a Difference in the Entertainment Industry?
The move by Netflix  (Nasdaq:NFLX) to offer a set-top box for the TV so users can now stream films directly to their television sets, is something they had to do, but probably will have only minimal impact on growing the... Continue Reading
May19
Time Warner's Chairman Richard Parsons Probably Stepping Down at End of 2008
At Time Warner's (NYSE:TWX) annual shareholder meeting in Atlanta, Chairman Richard Parsons hinted he'll probably be stepping down from his position by the end of 2008. That would make the decision of current CEO Jeffrey Bewkes much easier in whether... Continue Reading
May18
The Chronicles of Narnia: Prince Caspian Leads Weekend Box Office with $56.6 Millon
While the vast majority of studios would have been thrilled to have a film open at $56.6 million, the expectations, along with tracking, for The Chronicles of Narnia: Prince Caspian were so high that only the word disappointment could be... Continue Reading
May17
Is Rupert Murdoch Good for the Newspaper and Entertainment Business?
A good article in TheStreet by Simon Constable talks about how Rupert Murdoch is good for the newspaper business, as he offers up "vigorous competition," which should make the industry even better. Constable goes on to say it's really what... Continue Reading
May16
Families want Pornographic Films out of Marriot International
Marriott International (NYSE:MAR) is coming under increasing fire for offering x-rated movies as part of their entertainment menu. This is significant because Marriott positions themselves as a business that serves families. Does Marriott actually think that families get together to... Continue Reading
May15
David Cook or David Archuleta will be American Idol Winner this Year
The unlikely run of Syesha Mercado came to an end last night on American Idol, as fans voted for David Cook and David Archuleta to face off in the Idol finale this year. Several times during the reality show competition... Continue Reading
May14
Prince Caspian Tracking Strong as Narnia Sequel Nears Launch
The sequel in the popular Chronicles of Narnia Series, Prince Caspian, is tracking strong as its opening approaches on Friday, as numbers show it's favorable to Harry Potter & the Order of the Phoenix right before it opened.One statistic Caspian... Continue Reading
Kelsey Grammer and "Back to You" Dropped by Fox
Kelsey Grammer announced Tuesday that Fox (NYSE:NWS-A) had decided to drop his sitcom "Back to You," saying that it came as a surprise to him, as "We were told all this time we were in good shape and we were... Continue Reading
May13
Remy Ma Gets Eight-Year Jail Sentence
Rapper Remy Ma will get eight years in prison for shooting an acquaintance in the stomach. Makeda Barnes Joseph was shot while the two fought over $3,000 in July, 2007, outside a NYC nightclub. Ma could have been incarcerated for... Continue Reading
Sue Simmons Freaks Out When Footage Over Her Voice is Wrong
Last night during the TV show Medium, local WNBC 4 TV newscaster Sue Simmons was doing a story promo for the 11 p.m. news, when she suddenly screeched out, "What the F**k are you doing," when she thought they were... Continue Reading
May12
Pressure, Ego, Fantasy, and the Cablevision Acquisition of Newsday
Who are the winners and losers of the bidding to acquire Newsday? The losers aren't Mort Zuckerman or Rupert Murdoch, and neither is the winner Cablevision (nyse:CVC), which paid about $70 million more than its competitors for the newspaper property.One... Continue Reading
May11
Gospel Singer/Songwriter Dottie Rambo Dies in Tour Bus Crash
Dottie Rambo, one of the more prolific songwriters of her generation, died in the early hours of Sunday morning as her tour bus hit an embankment after running off the highway. She was on her way to a Mother's Day... Continue Reading
"Iron Man" Tops Box Office for Second Straight Weekend
The two new releases this weekend didn't make a dent in the new Iron Man franchise, as combined they weren't able to knock last weeks box office champ off the pedestal.Iron Man took the No. 1 spot again this weekend,... Continue Reading
May10
Actor who Played Young "Forrest Gump" Leaving Army, Returning to Acting
Michael Conner Humphreys was the actor who played the role of young Forrest Gump in the movie, and now that his enlistment in the army is ending on June 4, Hollywood has already beckoned him back to the industry, as... Continue Reading
May 9
The "Duggars" Adding Child Number 18 to the Family
The "Duggars," who are featured on the Discovery Health, are now expecting their 18th child, as Michelle Duggar announced she's 6 weeks along with their latest addition.According to the Duggars, Michelle Duggar, 41, is due to deliver the baby on... Continue Reading
"Heroes" Adds New Speedster to Cast, Played by Brea Grant
Brea Grant will play the part of "Speedster" on Heroes during the next season, as the series just got started back into production last week. Grant played the role of a love interest of Landry in Friday Night Lights named... Continue Reading
May 8
San Francisco Talk Radio Host Bernie Ward Offers Guilty Plea to Child Porn Charge
In a plea bargain, former San Francisco radio talk show host Bernie Ward has offered a guilty plea to a single count of using the Internet to send child pornography. Even so, the defense lawyer for Ward, Doron weinberg, asked... Continue Reading
Harvey Weinstein Denies Threatening to Cut Off Donations to Democrats
Three officials who claim to be close to the situation, say Harvey Weinstein threatened to cut off campaign donations to Democrats (in a conversation with House Speaker Nancy Pelosi), if she didn't consider a revote in the Democratic presidential primaries... Continue Reading
Music Legend Eddy Arnold Dies at 89
Eddy Arnold, who by virtue of the number of charting singles was the most popular country music performer in the 20th century, died early today at the age of 89.While many people label Eddy Arnold as a country music performer,... Continue Reading
May 7
News Corp. Triples Profits, Confirms 15 Percent Profit Growth for Fiscal 2008
News Corp. (NYSE:NWS-A) continued the big media success of the last quarter, as the company reported quarterly profits that were three times what they were in their third fiscal quarter ending in December 2007. All the major media companies exceeded... Continue Reading
Former Weather Channel Anchorwoman Hillary Andrews wins Sexual Harrassment Claim
An arbitrator in the sexual-harassment claim made by former Weather Channel anchorwoman Hillary Andrews against colleague Bob Stokes, found that Stokes had subjected Andrews to "severe and pervasive" sexual harrassment. The reason an abitrator was used is the terms of... Continue Reading
May 6
Walt Disney Co. Profits Surge by 22 Percent in 2nd Quarter
The major media companies continue to surprise in their earnings, as the latest to exceed expectations is the Walt Disney Co. (NYSE:DIS), which enjoyed an increase in net income for the 2nd quarter of 22 percent. Much of that increase... Continue Reading
Hollywood studios, Screen Actors Guild Break Off Negotiations
While quarterly reports have been a great surprise for the media and entertainment industry, the news that the talks between the Hollywood studios and the Screen Actors Guild have broken off isn't.About an hour and a half after a deadline... Continue Reading
Christina Ricci Says She wants to Dedicate Career to Making Family Films
Saying she's sick of the "sex, drugs and sleaze on screen," Christina Ricci said she wants to dedicate her career to making films for the family.It's odd to hear Ricci say this, as her roles have been anything but wholesome... Continue Reading
May 5
Marvel Entertainment Inc. Increases Profit Guidance for 2008
While some have been tying in the performance of "Iron Man" over the weekend as one of the reasons Marvel Entertainment Inc. (NYSE:MVL) increased its profit guidance for 2008, the company asserted it had nothing to do with it at all,... Continue Reading
May 4
Iron Man Officially Opens Summer Blockbuster Box Office: Brings in $104.25 Million
There was no doubt that Iron Man was going to perform well on its opening weekend, as it marketing was done very well, and buzz reached the right level at the right time. But I didn't think we were going... Continue Reading
May 3
Reminder: Kentucky Derby Post Time is 6:04 PM EST
For those who get caught up into the excitement of the Kentucky Derby, this is a reminder that the post time for the race is 6:04 pm EST. This year the race can be seen on NBC (NYSE:GE), with coverage... Continue Reading
May 2
"Fox News" the Emerging Star of the Democratic Party?
After extraordinary pressure earlier in the presidential campaigns of Democrats by far left Web sites like DailyKos, Huffington Post and MoveOn to not appear on the Fox News Network, the candidates have completely thrown that pressure to the wind now,... Continue Reading
Indianapolis Colts Marvin Harrison Under Investigation for Philadelphia Shooting
An unnamed source close to the situation disclosed to Anthony Gargano of Philadelphia's WIP Radio that Indianapolis Colts wide receiver Marvin Harrison is the subject of an investigation for a shooting which took place earlier in the week in Philadelphia.Harrison... Continue Reading
Viacom Beats Wall Street Estimates, No Advertising Slowdown
Viacom (NYSE:VIA-B) reported their quarterly results Friday, and it was good news, as both revenue and profits exceeded Wall Street expectations. Revenue in the first quarter grew by 15 percent to come in at $3.1 billion, while analysts looked for... Continue Reading
Media Layoffs Far Above National Average
Over the first four months this year, job cuts in America have increased by 9 percent over the same period last year, reaching 290.671. As far as percentages go, the media industry is over 6 times as bad, ending the... Continue Reading
May 1
Deborah Jeane Palfrey - DC Madam - Commits Suicide
Deborah Jeane Palfrey, who was convicted recently of running a high-end prostitution ring, committed suicide in Florida. Her body was discovered in a shed close to the home of her mother's house.The story of Palfrey running the prostitution ring made... Continue Reading

« April 2008 | Main | June 2008 »

Advertise

Related Resources


American Gangster - Web's top movie destinations, Fandango, the nation's largest movie ticketing service

sponsored ads



subscribe


Prefer Email?
Subscribe below-

Enter your Email:


Powered by FeedBlitz What's this?

Current News

Support This Blog

My site was nominated for Best Entertainment Blog!

business social media

Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

BIZZlogos - Add your logo - free link to your site
BIZZphotos - Add photos of your products and people
BIZZprofiles - Submit your profile and build your online visibility
BIZZspotlight - Spotlight your business with free links
BIZZvideos - Videos about businesses, products and business people.
BIZZbites - "Digg" for Business - Submit your articles and posts

Know More Media - Media / Entertainment

know more media network

View Network Map

Network Feed List (OPML)

Know More Media Network
Feed


we support unitus

PRWeb

Influencer



BizofShowBiz is a member of the Know More Media network of business related blogs.

Here are some current headlines from some of our business publications:

ProductivityGoal

CallCenterScript

AdHurl

TheBizofKnowledge

LandingTheDeal

CustomersAreAlways

HealthCareVox

BrainBasedBusiness

TheInsurancePolicy

MarketingBlurb