AOL Time Warner shares sank more than 14% Thursday as investors pondered the biggest loss in corporate history, panicked at a lack of visibility going forward and fretted at the exit of Ted Turner.
Markets & Festivals
Despite some signs of improvement, the Mouse House remains a fixer-upper. On Thursday, Disney posted a big profit drop for its latest quarter amid substantial downticks in film and TV operations.
Cash-strapped German kidvidder EM.TV has received a three-month extension from creditor banks to repay $26.8 million in loans, easing the ongoing sale of its Jim Henson Co.
Launching the latest salvo in a legal battle with broad implications for copyright enforcement on the Net, Verizon has filed both a stay order and an appeal of a ruling that would force the Internet…
Spanish thesp Assumpta Serna will preside over the jury at the 18th annual Mar del Plata film fest, which unspools March 6-15.
Internet use continues to eat into the time people are watching TV, and it likely will only increase as more users get broadband connections, according to third-year results of the UCLA Internet…
Warner Bros. and John Wells Prods. have optioned "Retribution," a first novel by former Florida Assistant State Attorney Jilliane P. Hoffman, in a deal worth a high six figures.
Hoping to claim their place on the talk-radio dial, Democrats borrowed a page out of the Republican primer and brought more than 30 "progressive" radio talkshow hosts to the nation's capital this…
In an effort to feed a three-year production deal it forged with director Todd Phillips ("Road Trip"), Dimension Films has made a three-script deal with scribes Jeremy Garelick and Jay Lavender that…
Kelsey Grammer's Grammnet production shingle has finished up its busiest development season yet, with seven projects set up at a wide range of networks.