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Time Warner Inc reported stronger quarterly profit and slightly higher revenue courtesy of hit movies like Sherlock Holmes and The Hangover, and it became the second major media company in as many days to raise its dividend.

Internet company AOL Inc said on Monday it bought a video production company StudioNow Inc for $36.5 million in cash and stock to expand its technology to create original online programing.

Charter Communications Inc. said in a statement on Friday that its Chief Executive Officer plans to leave the company to take a position at rival Comcast Corp.

Shares of Blockbuster Inc fell sharply on Thursday, a day after the U.S. video rental chain said it had a weaker-than-expected holiday season, fueling concerns about its viability.

Time Warner Cable is one of the most compelling investments in the cable industry, Barron's said on Sunday, with its shares poised to rally about 30 percent in the next year as its earnings improve.

Avatar sped past the $1 billion mark at the worldwide box office after three weekends in release, making it the fourth-biggest movie of all time, according to data released on Sunday.

Time Warner Cable and Fox have reached a deal to keep carrying Fox Networks programing after the companies negotiated through New Year's Day to avoid a blackout of TV shows like The Simpsons and college and NFL football games in 13 million U.S. homes.

Time Warner Cable and News Corp's Fox Networks agreed to a brief extension of their current carriage contract on Thursday to avoid a blackout that would have prevented 13 million U.S. homes from seeing TV shows like The Simpsons and college and NFL football games.

Time Warner Cable and News Corp's Fox Networks Group agreed to a brief extension of their current carriage contract late on Thursday to avoid a blackout that would have prevented 13 million U.S. homes from seeing TV shows like The Simpsons and House as well as college and NFL football games.

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About 13 million Time Warner Cable Inc subscribers were to lose most Fox programing at midnight on Thursday unless the cable service provider reached a last-minute deal to pay fees to News Corp to broadcast the shows.

Time Warner Cable Inc said on Thursday it has agreed to a 30-day cooling-off period in its talks over fees with News Corp.

News Corp Chief Operating Officer Chase Carey said on Wednesday that he now expects the company's Fox Networks will not reach a carriage agreement with Time Warner Cable in time to avoid Fox's channels going off the air midnight on Thursday.

Time Warner Cable Inc said it is willing to go to arbitration with News Corp's Fox Networks to avoid losing some of Fox's channels if the companies fail to agree on a new carriage deal.

News Corp's Fox television unit said on Friday that testy carriage negotiations with Time Warner Cable Inc could leave viewers unable to see Fox programing, including American Idol and NFL football.

Shares of AOL Inc fell about 2 percent on their return to trading on the New York Stock Exchange on Thursday, following the Internet company's spin-off from Time Warner Inc, while shares of AOL's former parent rose.

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They normally ponder ways to entertain Americans, but media chiefs this week entertained more somber thoughts about the future of the United States, as several saw a fading superpower hobbled by the recession

AOL Inc. Chief Executive Officer Tim Armstrong has studied the turnaround of Apple Inc to chart his own course for the revival of the once powerful Internet company, according to a report from BusinessWeek.

Comcast Corp struck a deal to buy a majority stake in NBC Universal from General Electric Co, creating a media superpower that would control not just how TV shows and movies are made, but how they are delivered to the home.

Comcast Corp struck a deal to buy a majority stake in NBC Universal from General Electric Co, creating a media superpower that would control not just how TV shows and movies are made, but how they are delivered to the home.

AOL Inc, due to be spun out of Time Warner Inc on Dec. 9, almost a decade after their merger, looks like a bargain, Barron's reported in its Nov. 30 edition.

The growing influence of the Web to distribute news, video and other content, combined with the lingering economic malaise, have left many media executives and investors uncertain about where to make their next bets.

AOL plans to cut one-third of its workforce, or about 2,500 jobs, in an effort to trim some $300 million in annual costs as part of the Internet company's planned spin-off from Time Warner Inc.

Media conglomerate Time Warner Inc said on Monday it will spin off its AOL unit to shareholders on December 9, nine tumultuous years after one of the most disastrous corporate mergers in history.

Investor Carl Icahn on Friday raised his offer for the senior notes of bankrupt CIT Group to $650 per $1,000 of principal notes tendered.

Walt Disney Co posted a larger-than-expected rise in both quarterly profit and revenue, as strong results from its cable business helped it overcome a disappointing stretch for its film studio.

CNN reporter John King will replace controversial departing host Lou Dobbs in a new weeknight political program on the 24-hour cable news network, CNN said on Thursday.

George Lopez's new late-night talk show drew 3.2 million viewers during its cross-network premiere on TNT, TBS and TruTv.