CBS Posts Low Growth--Outlook Scares Wall Street

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CNBC | August 3rd, 2008 | Email this

Posted By:Julia BoorstinCBS reported a 1.1% increase in second-quarter net income and .6 percent growth in revenue over the year ago quarter. But the stock traded down on the news, Wall Street focused on CBS' outlook, which is increasingly negative, revealing greater weakness in advertising markets. Read More Topics:Internet | [...]

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Advertising: Tug of War in Food Marketing to Children

New York Times | July 29th, 2008 | Email this

The Federal Trade Commission issued a report detailing the pervasiveness of food marketing to children, and a coalition of food companies responded with its own report arguing they had made progress on the issue.[...]

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Lawmakers Call for FDA Overhaul

Wall Street Journal | July 29th, 2008 | Email this

Congressman Dingell and Grassley want to give the FDA broad powers to levy fines, order drug recalls and restrict drug-industry advertising following a series of crises during the past year.[...]

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Paramount films fuel Viacom

Variety | July 29th, 2008 | Email this

Business News: Revenues up 21% to $3.9 billion last quarter -- Paramount’s triple play — Indy, "Iron Man" and "Kung Fu Panda" — punched up revenue at parent Viacom by 21% to $3.9 billion last quarter, providing welcome relief as slower advertising growth continues to rattle cable networks and punish [...]

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EarthLink To Aggressively Pursue AOL Dial-Up Merger; Other M&A Hopes

PaidContent.org | July 29th, 2008 | Email this

EarthLink, which earlier today reported its Q2 earnings, said that it wants to facilitate consolidation in the dial-up ISP space, including going after AOL's (NYSE: TWX) dial-up business, which parent Time Warner has already said it is looking to sell off. CEO Rolla Huff: "We believe we're best-positioned to be [...]

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Viacom given a big-screen film boost

Financial Times | July 29th, 2008 | Email this

A stronger box office showing by Viacom's Paramount film studio offset weaker advertising revenues than expected at US cable channels such as MTV in the second[...]

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Earnings: Viacom Q2 Beats, But Worlwide Ad Growth Weak; Domestic Ad Revs Up Just 1 Percent

PaidContent.org | July 29th, 2008 | Email this

Viacom (NYSE: VIA), parent of MTV and Rock Band, reported Q2 revenue of $3.85 billion a 21 percent increase from $3.18 billion in the year-ago quarter. The top line appears well ahead of Wall St. estimates of $3.55 billion. Operating income grew 13 percent to $792 million from $702 million [...]

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