Global media giant News Corp. posted an 11 percent rise in quarterly net profit on Wednesday as strong results from its movie, cable television and book publishing divisions offset a newspaper slump.
In what may become a revolution in entertainment, accessing television via cable, IPTV or interactive DTH services is soon going to be via wireless, on the lines of a wi-fi internet connectivity.
Spanish media group Prisa
said on Tuesday it has bought 12 percent of Spanish language
television broadcaster V-me Media for an undisclosed sum, with an
eye to taking control of the group.
Cash for clunkers, by reviving car advertising, has breathed life into moribund broadcast-TV stocks. A longer-lasting boost could be cash for spectrum.
Cable competition has come to central New York, where Verizon is now offering cable television service to customers in eight communities in the Syracuse area.
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