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ENTERTAINMENT
August 15, 2013 | By Meg James
CW Seed, an experimental digital entertainment studio and website, launched Thursday with four original Web shows. The ambitious effort represents a dramatic increase in the CW television network's investment in original programming for digital platforms. CW intends to roll out fresh episodes each week and add two other Web shows to the site later in the fall. CW Seed will be anchored by the third season of the cheeky comedy "Husbands," which was formerly on YouTube. "Husbands" tells the story of two young guys (a professional athlete and a tabloid personality)
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ENTERTAINMENT
August 12, 2013 | By Ryan Faughnder
Sen. Barbara Boxer (D-Calif.) and Sen. Dianne Feinstein (D-Calif.) on Monday sent a letter to CBS Corp. Chief Executive Les Moonves and Time Warner Cable chief Glenn Britt, urging them to end the dispute that has resulted in CBS-owned channels being blacked out in Los Angeles, New York and Dallas for a second week.  “Millions of customers in the Los Angeles area and throughout the country have subscribed to receive the programming CBS networks...
ENTERTAINMENT
August 6, 2013 | By Ryan Faughnder
Talk about unlikely pen pals. The ongoing carriage dispute between CBS Corp. and Time Warner Cable, which has left CBS-owned TV stations dark in Los Angeles, New York and elsewhere, has the two company's chief executives trading and leaking to the media pointed letters about the failed negotiations and who is to blame. On Monday, Time Warner Cable's Glenn Britt   sent a letter to CBS' Les Moonves proposing , among other things, to make CBS an a la carte channel - in other words, letting pay-TV subscribers choose whether to pay for it. PHOTOS: Cable versus broadcast ratings On Tuesday, Moonves sent his expected response: Not a chance.
ENTERTAINMENT
August 6, 2013 | By Ryan Faughnder
Customers have been calling on Time Warner Cable and CBS Corp. to resolve their ongoing carriage dispute that has resulted in channels going dark in several markets including Los Angeles and New York. Now politicians are demanding an end to the blackout.   Sen. Edward J. Markey (D-Mass.), who recently won John F. Kerry's Senate seat, on Tuesday asked the Federal Communications Commission to step in and restart negotiations. "I believe the public interest would be best served if carriage is restored by the parties at the earliest possible time so that consumers are not long caught in the middle," Markey said in a letter to the commission.
ENTERTAINMENT
August 5, 2013 | By Ryan Faughnder
Time Warner Cable Chief Executive Glenn Britt, in a letter to CBS Corp. CEO Les Moonves, said the pay-TV distribution giant would be willing to offer CBS on an a la carte basis to its subscribers and let them choose whether they want to pay for the channel.  The letter is the latest volley in an ongoing carriage dispute between the two companies that last week resulted in CBS-owned media outlets going dark for Time Warner Cable customers in...
ENTERTAINMENT
August 1, 2013 | By Ryan Faughnder
It's been a good couple of days for entertainment and cable companies. Shares of  DreamWorks Animation SKG Inc., CBS Corp.  and  Time Warner Cable Inc. rose Thursday after those companies reported strong quarterly earnings.  Glendale-based DreamWorks Animation jumped 8.8% to $26.95 at the close of trading in New York Thursday. New York-based CBS increased 3.9% to $54.88. New York company Time Warner Cable rose 3.2% to $117.68.  PHOTOS: Cable vs. broadcast ratings Comcast, the Philadelphia cable giant that owns NBCUniversal, rose 1.7% to $45.84, after surging 5.5% Wednesday.
ENTERTAINMENT
July 31, 2013 | By Meg James
Television viewers aren't the only ones captivated by CBS' summer experiment with "Under the Dome. " The series based on the Stephen King thriller has shattered summer viewership standards, with more than 11 million people tuning in each week for the next installment. On Wednesday, Wall Street analysts were also clamoring for more details about CBS' efforts to create a new business model for event programming. CBS designed the sci-fi drama -- which costs nearly $3.5 million an episode to produce -- to be profitable from Day One.  Key to the arrangement was a deal that CBS struck with Amazon.com four months before "Under the Dome" debuted in late June.
ENTERTAINMENT
July 31, 2013 | By Meg James
CBS Corp. said its fiscal second quarter was the company's biggest quarter ever, with revenue and profit climbing 11%. For the quarter ended June 30, the New York broadcasting giant earned $472 million, or 76 cents a share, compared to $427 million, or 65 cents a share, for the year earlier period.  The earnings beat analysts' estimates of 72 cents a share. PHOTOS: Highest-paid media executives of 2012 CBS generated $3.7 billion in revenue, up from $3.3 billion in the second quarter of 2012.  "Double-digit revenue growth -- and the best quarterly profits we've ever had -- add up to a phenomenal quarter for CBS," Chief Executive Leslie Moonves said Wednesday in a prepared statement.
ENTERTAINMENT
July 29, 2013 | By Scott Collins, A correction has been added to this post, as indicated below.
"Absolutely appalling. " That's how the head of CBS describes some of the racial slurs heard this summer on the network's reality staple "Big Brother. " "I find some of the behavior absolutely appalling," CBS Corp. Chief Executive Leslie Moonves -- whose wife, Julie Chen, hosts "Big Brother" -- told reporters Monday morning at the TV press tour in Beverly Hills. "Unfortunately, it's a reflection of what some people in America are feeling," he added. GinaMarie Zimmerman, one contestant on this season's show, was heard making derogatory remarks about blacks and Asians.
ENTERTAINMENT
July 24, 2013 | By Joe Flint
Time Warner Cable and CBS Corp. agreed to extend their current distribution contract to continue to negotiate a new pact, thus averting a blackout in Los Angeles, New York and several other cities around the country. The two sides agreed late Wednesday to extend their current agreement until at least 5 p.m. ET Monday to continue to wrangle over terms of a new deal.  The agreement was set to expire at 6 a.m. Thursday.  The two sides have been trying for weeks to come to terms on a distribution deal for CBS-owned TV stations, including KCBS-TV Channel 2 in Los Angeles and WCBS-TV in New York as well as cable channels Showtime and CBS Sports Network.
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