The Skinny: Another day, another potential media merger to obsess over. We have lots of coverage of
If at first you don't succeed. Although Time Warner has rebuffed 21st Century Fox's offer to buy the company in a deal valued at $80 billion, few expect
The D.C. dance. Rupert Murdoch is not close to a deal to buy Time Warner, but his rebuffed offer took center stage during a long-scheduled Senate hearing on the video marketplace and media consolidation Wednesday. Former Justice Department legal eagle and current chief executive media watchdog said an "arms race" was going on in the media industry. Although there are few regulations on the books that would stop a 21st Century Fox-Time Warner deal, that doesn't mean the Department of Justice won't want to take a long look at what the combination would mean with regards to Hollywood and whether the resulting giant would have too much power over the creative community. The D.C. angle from the Los Angeles Times and Wall Street Journal.
Big bucks for 'Big Bang.' Doesn't it seem like every year is a contract year for the cast of the CBS hit "The Big Bang Theory?" Well, this time it really is and the cast is yet to sign new contracts even though production is due to start in just a few weeks. Call it a hunch, but this will get done and everyone will be very happy. Details from Deadline Hollywood.
Bad day at Microsoft. While the media industry is busy trying to digest the idea of 21st Century Fox buying Time Warner, the tech industry is reeling from news that Microsoft is cutting 18,000 jobs. The move comes just months after
Inside the Los Angeles Times: Mary McNamara on USA's new shows "Satisfaction" and "Rush."