A key U.S. lawmaker said on Wednesday that he backs a Federal Communications Commission proposal to establish an open Internet rule and would consider legislative action if the industry challenged it in court.
Traditional television viewing patterns are collapsing and the industry needs to quickly figure out how to profit in a world where people can watch TV shows anytime, anywhere, NBC Universal's TV chief said.
The top executives of General Electric and Comcast Corp, which sources say are negotiating a multi-billion dollar sale of NBC Universal, said they were keeping their options open but offered few hints of whether a deal may soon emerge.
Verizon Communications is advertising new discounts on Monday for customers who sign up for four of its telecommunications services, as it looks to recoup market share from cable rivals in the holiday shopping season.
News Corp plans to examine Comcast Corp's possible deal to take over NBC Universal to see if opportunities present themselves, but it is not involved in any talks, its top executive said.
General Electric Co helped to pull the plug on Wall Street's recovery rally on Friday, reporting sales that missed expectations and cautioning that recovery from the brutal recession would be gradual.
Cablevision Systems Corp reached a new deal with CBS Corp to carry its broadcast network as well as Showtime, the Smithsonian Channel, and CBS College Sports Network, the companies said on Friday.
Vivendi (VIV.PA) is likely to sell its 20 percent stake in media company NBC Universal (NBCU) and may discuss the matter at a board meeting on Oct. 14, a source close to the situation told Reuters on Wednesday.
NBC Universal CEO Jeff Zucker could be about to get a new boss -- and asked to explain a three-year run when his company expanded its cable business and won acclaim for its Olympic broadcasts, but failed to score a single breakout prime-time TV hit.
Free TV shows on the Internet could be harder to find if Comcast Corp succeeds in acquiring a majority stake in NBC Universal.
General Electric Co and Comcast Corp, working on a deal to spin off GE's NBC Universal, have valued it at $30 billion, including $9 billion of debt, a source close to the talks told Reuters on Friday.
Apple and Eminem's music publisher, Eight Mile Style LLC, reached a settlement agreement on Thursday, putting an end to a lawsuit alleging that Apple was never authorized to digitally sell 93 of Eminem's songs on iTunes.
Time Warner Inc Chief Executive Jeff Bewkes said on Friday the media conglomerate is not interested in buying General Electric Co's NBC Universal.
General Electric Co is holding discussions on partnerships or an IPO for its NBC Universal unit, Chief Executive Jeffrey Immelt said, as expectations grow about a deal with cable operator Comcast Corp .
General Electric Co is holding discussions on partnerships or an IPO for its NBC Universal unit, Chief Executive Jeffrey Immelt said, amid expectations about a deal with cable operator Comcast Corp .
A deal between Comcast Corp and General Electric Co for NBC Universal would seem a storybook match -- one wants in to the media business and the other may be well-served to get out.
A deal between Comcast Corp and General Electric Co for NBC Universal would seem a storybook match -- one wants in to the media business and the other may be well-served to get out.
Network equipment maker Cisco Systems struck a deal to buy Norwegian videoconferencing company Tandberg for $3 billion in a bid to dominate the high-growing market of corporate video communications.
Wall Street was set to open lower on Thursday as weaker-than-expected jobs data prompted more investors to consolidate gains after a strong third quarter.
Comcast Corp, the largest U.S. cable service provider, denied a Web report on Wednesday that it had struck a deal to buy media conglomerate NBC Universal for $35 billion.
U.S. stock index futures fell on Thursday, with investors consolidating gains after a strong quarter, and as a raft of economic data was due that could offer clues about the tone of economic recovery.
* U.S. stock index futures point to a flat to weaker start for Wall Street on Thursday, with the Nasdaq Composite futures NDc1 down 0.3 percent after Cisco System (CSCO.O) offered to buy Norwegian Tandberg for $3 billion in cash.
