January 11, 2014 |
The U.S. Supreme Court could settle the fate of a new technology company that television broadcasters fear would destroy their business. On Friday, the high court said it would hear arguments that Aereo Inc., a start-up firm, violates copyright law by enabling its customers to stream local television stations over the Internet and that it should be shut down. The major media companies seeking the court's review include CBS Corp., 21st Century Fox, Walt Disney Co. and Comcast Corp. FACES TO WATCH 2014: Digital media Launched in 2012 and backed by media mogul Barry Diller, Aereo is currently available in 10 cities, including New York, where it is based.
January 8, 2014 |
Episodes of "Extant," the CBS drama series starring Halle Berry and produced by Steven Spielberg's Amblin Television, will be available on Amazon.com Inc.'s Prime Instant video streaming service four days after they first air. The content licensing deal between CBS and the online retailer mirrors the agreement for 2013's summer hit "Under the Dome," based on the Stephen King book. Episodes of "Under the Dome" were also available four days after their original broadcast date for Amazon Prime subscribers. The "Under the Dome was the most-watched TV season on the Amazon streaming service in the last year.
December 10, 2013 |
As television viewers increasingly watch shows days and weeks after they originally air, broadcasters are trying to get paid for more of those views. On Tuesday, CBS Corp. Chief Executive Leslie Moonves said advertisers are increasingly willing to pay for those audience members who watch via digital video recorders, video-on-demand and online streaming. "We're getting closer to getting paid for every eyeball that watches our shows," said Moonves, speaking at the UBS Global Media and Communications Conference in New York. It's common for ad companies to pay broadcasters for viewership generated live and within three days of an original telecast, and Moonves said some companies are now paying for viewers within seven days -- a metric the industry refers to as "C-7.
November 14, 2013 |
The Federal Communications Commission wants to encourage more foreign ownership of television and radio stations. Currently, there is a 25% cap on a foreign company or individual when it comes to owning a stake in a broadcast property. While the cap is not being loosened per se, the FCC said on Thursday that if an investment exceeded 25%, it could still be approved. "The ruling potentially removes obstacles to new capital investment, which will support small business, minority, and female broadcast ownership, and spur innovation," the FCC said in announcing that it was clarifying its foreign ownership policy.
November 11, 2013 |
Louis J. Briskman plans to retire next month from his role as general counsel of CBS Corp. A mainstay of the broadcasting company, Briskman first joined CBS in 1975 when it was Westinghouse Electric Corp. He has served as the top lawyer for four public corporations, including Aetna Inc., Group W (the broadcasting subsidiary of Westinghouse) and Westinghouse Electric. After his stint at Aetna, Briskman rejoined CBS in September 2005, just four months before the CBS breakup with Viacom Inc. At that point, CBS became a separate publicly traded company.
November 6, 2013 |
The CBS television network remains an industry workhorse, pulling the broadcasting company to another record quarter with profits up 26% compared with a year-ago period. For the quarter ended Sept. 30, CBS Corp. earned $494 million, or 76 cents a share, compared with $391 million, or 59 cents a share, during the third quarter of 2012. Revenue of $3.6 billion was up 11% compared with the previous-year period. "CBS has turned in the best third quarter in our history," CBS Chief Executive Leslie Moonves told analysts Wednesday afternoon during a conference call.