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COMPANY TOWN

COMPANY TOWN

  • Donald Trump provides unconventional story for TV coverage of convention

    Donald Trump provides unconventional story for TV coverage of convention

    In 1952, TV manufacturers with such now-forgotten brand names as Philco, Admiral and Westinghouse were the exclusive sponsors of network coverage of the Democratic and Republican national conventions. They sought to motivate Americans to head to their local appliance dealer to purchase their first...

  • Redstone family reaffirms opposition to Paramount sale

    Redstone family reaffirms opposition to Paramount sale

    Viacom Inc.’s plan to sell a stake in its historic Hollywood movie studio, Paramount Pictures, suffered another setback Friday when the Redstone family publicly reaffirmed its opposition. Sumner Redstone and his daughter, Shari Redstone, are against the proposed sale of a 49% stake in the struggling...

  • Big Hollywood begins to place its chips on virtual reality — but is it a smart bet?

    Big Hollywood begins to place its chips on virtual reality — but is it a smart bet?

    On a recent weekday, Hollywood director Ivan Reitman was in the bowels of Madame Tussauds wax museum here talking up an unlikely passion. “VR is remarkable. What it does is force you to bring yourself into the story,” Reitman said, using the acronym for the immersive, headset-based viewing experience...

  • Viacom chief nears Paramount deal that investors doubt will get past Redstone

    Viacom chief nears Paramount deal that investors doubt will get past Redstone

    Embattled Viacom Inc. Chief Executive Philippe Dauman is moving closer to clinching a deal to sell a 49% stake in movie studio Paramount Pictures, possibly for as much as $5 billion, to the Chinese entertainment and real estate conglomerate Dalian Wanda Group. With his job in peril, Dauman has...

  • Fox News on-air talent supports Roger Ailes — but where's Megyn Kelly?

    Fox News on-air talent supports Roger Ailes — but where's Megyn Kelly?

    Many Fox News employees have rallied around their boss, chairman and chief executive Roger Ailes, who faces a sexual harassment and retaliation suit from former anchor Gretchen Carlson. But there has been one notable exception among them — the cable news channel’s most popular female anchor, Megyn...

  • Telemundo's Jose Diaz-Balart will anchor Saturday edition of 'NBC Nightly News'

    Telemundo's Jose Diaz-Balart will anchor Saturday edition of 'NBC Nightly News'

    Telemundo anchor Jose Diaz-Balart is adding the Saturday edition of “NBC Nightly News” to his duties, the network announced Wednesday. The assignment makes him the first TV anchor to handle two different evening newscasts on separate broadcast networks in Spanish and English. While taking over...

  • China's Wanda Group is in talks to buy a 49% stake in Paramount Pictures

    China's Wanda Group is in talks to buy a 49% stake in Paramount Pictures

    Viacom Inc. is in advanced talks with the Chinese entertainment conglomerate, Dalian Wanda Group, which is seeking to buy a 49% stake in the Paramount Pictures movie studio. Viacom had narrowed the field of potential Paramount bidders to two companies, according to a knowledgeable person. But in...

  • Fox unpaid intern case is drawing to a close with proposed settlement

    Fox unpaid intern case is drawing to a close with proposed settlement

    A labor lawsuit that was instrumental in prodding Hollywood studios and production companies to reconsider how they treat interns is headed toward a resolution.  Unpaid interns who had worked at Fox Searchlight Pictures filed a lawsuit five years ago alleging the company violated the Fair Labor...

  • Broadcast and cable TV upfront ad sales end slump with 4.5% gain

    Broadcast and cable TV upfront ad sales end slump with 4.5% gain

    Broadcast and cable networks’ advanced ad sales for the upcoming TV season are expected to hit $18.6 billion, the best showing in three years, according to the consulting firm Media Dynamics. The New Jersey firm, which has long tracked advertising spending for what’s known in the TV industry as...

  • Can 'Ghostbusters' turn controversy into a box-office win?

    Can 'Ghostbusters' turn controversy into a box-office win?

    Sony’s modern, big-budget reboot of the “Ghostbusters” franchise has proved to be one of the most polarizing films of the summer movie season. Now Hollywood will find out if the long-simmering anticipation will translate into box-office dollars.    “Ghostbusters” is expected to gross about $50...

  • AMC buys largest European theater chain in $1.2-billion deal

    AMC buys largest European theater chain in $1.2-billion deal

    AMC Entertainment is buying Europe’s biggest theater chain in a deal valued at $1.2 billion including debt, in a move that will make it the world’s largest cinema operator. AMC, based in Leawood, Kan., said Tuesday it will acquire London-based Odeon & UCI Cinemas Group from a private equity firm...

  • WME/IMG's $4-billion deal for UFC shows the power of sports

    WME/IMG's $4-billion deal for UFC shows the power of sports

    Fifteen years ago, mixed martial arts league Ultimate Fighting Championship sold for $2 million. Back then, the sport featured bone-crushing, blood-smearing action that was dismissed as “human cockfighting” by Sen. John McCain. Now, the UFC is changing hands for $4 billion. Hollywood mega-talent agency...

  • NBC's Steve Burke expects Olympics in Rio to be the 'most profitable' ever

    NBC's Steve Burke expects Olympics in Rio to be the 'most profitable' ever

    The Olympic Games in Rio are 25 days away but NBCUniversal Chief Executive Steve Burke believes his company has already won the gold in ad sales. After a press preview on Monday of NBC’s Olympics coverage, Burke told the Los Angeles Times that the company has hit its sales target for the Rio Games,...

  • Fox launches prime-time live-stream of its shows

    Fox launches prime-time live-stream of its shows

    So you think you can live-stream Fox shows? Well, you’re right: You now can. The television network announced Monday that is launching live-streaming of its prime time programming on digital platforms in all 210 television markets in the U.S., making it the first broadcaster to make such an aggressive...

  • Judge denies new trial for Sumner Redstone's ex-companion

    Judge denies new trial for Sumner Redstone's ex-companion

    Sumner Redstone’s former companion, Manuela Herzer, lost her bid for a new trial in her continued legal effort to have the 93-year-old media mogul declared mentally incompetent. Los Angeles Superior Court Judge David J. Cowan issued the tentative ruling on Monday, delivering another blow to Herzer’s...

  • Upcoming movies 'The Girl on the Train,' 'The Light Between Oceans' will make their way to Showtime

    Upcoming movies 'The Girl on the Train,' 'The Light Between Oceans' will make their way to Showtime

    Premium cable network Showtime will add select feature film titles from Steven Spielberg’s Amblin Partners, including “The Girl on the Train,” to its movie programming pipeline. Under an exclusive licensing agreement, Showtime will receive the first run of films under the Amblin Partners umbrella...

  • China box office: Growth slows in first half of 2016 but still up 21%

    China box office: Growth slows in first half of 2016 but still up 21%

    China’s box office crossed the $4 billion mark last week as local films returned to the top of the charts following a strong run of imports. In the first half of 2016, China’s box office is up 21% over 2015. Such a leap would be considered spectacular in the U.S., but it’s lackluster compared with...

  • Roger Ailes' lawyers want arbitration for Gretchen Carlson's sexual harassment suit

    Roger Ailes' lawyers want arbitration for Gretchen Carlson's sexual harassment suit

    Attorneys for Roger Ailes are seeking to have former anchor Gretchen Carlson’s sexual harassment case against the Fox News chairman and chief executive decided confidentially in arbitration. A motion filed Friday in the federal court in Newark, N.J., cites a clause in Carlson’s contract, which...

  • Why Viacom Chief Philippe Dauman is fighting his longtime boss, Sumner Redstone

    Why Viacom Chief Philippe Dauman is fighting his longtime boss, Sumner Redstone

    One question looms large as pressure mounts on Viacom Inc. Chief Executive Philippe Dauman: Why is the embattled executive waging a high-stakes war with his longtime boss? Power, pride, principle -- and indignation -- all could be playing a part in Dauman’s campaign to remain a pivotal figure in...

  • Univision sues Charter Communications over post-merger carriage fees

    Univision sues Charter Communications over post-merger carriage fees

    Univision has filed a lawsuit against Charter Communications over license fees in the wake of the cable company’s acquisition of Time Warner Cable. The lawsuit, which was filed Friday in New York Supreme Court, alleges that Charter Communications is using its recent acquisition of Time Warner Cable...

  • Viacom still working on sale of a stake in Paramount Pictures

    Viacom still working on sale of a stake in Paramount Pictures

    Viacom Inc. is urging a judge to expedite legal proceedings in Delaware because of the fragile health of media mogul Sumner Redstone and because any delay could hamper the company’s efforts to raise money by selling a stake in Paramount Pictures. The controversial sale of a 49% stake in the Melrose...

  • In defense of Roger Ailes, Fox News cites Gretchen Carlson's ratings as reason for dropping her

    In defense of Roger Ailes, Fox News cites Gretchen Carlson's ratings as reason for dropping her

    Fox News Channel is using ratings to launch a counterattack against fired anchor Gretchen Carlson, who is suing the network’s chief executive, Roger Ailes, for sexual harassment. Carlson’s complaint, filed this week in Superior Court in New Jersey, accused Ailes, chairman and chief executive of...

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