July 10, 2013 |
Does CBS have a double standard when it comes to potentially offensive jokes and comments about minorities? It appears so, judging from the network's recent stance in the brewing controversy over racist barbs made by contestants on its reality show "Big Brother. " The network moved quickly to criticize the "Big Brother" remarks and distance themselves from the contestants, saying the remarks "reveal prejudices and other beliefs that we do not condone. " PHOTOS: Cable versus broadcast ratings However, CBS' scripted shows apparently are a different reality. Key characters in popular CBS' shows, including “2 Broke Girls” and “Mike and Molly,” have regularly made jokes about minorities that some critics and advocacy groups argued were offensive.
July 8, 2013 |
Netflix Inc. and CBS Corp. have expanded a multi-year licensing agreement to stream CBS shows. The revised deal makes shows such as “The L.A. Complex,” “The 4400” and “CSI: NY” available for streaming. The agreement also includes shows already on Netflix, such as "Jericho," “Star Trek” and “Twin Peaks.” Terms of the agreement were not disclosed. ON LOCATION: Where the cameras roll In 2011, the companies announced a two-year, non-exclusive licensing agreement to stream full seasons of shows such as "Frasier" and "Cheers.
July 5, 2013 |
This post has been updated. See below for details. CBS Corp. Chief Executive Leslie Moonves sold 450,000 shares of CBS stock this week for about $22 million, according to a regulatory filing. The television titan, whose compensation package last year topped $62 million , acquired the stock as part of his long-term incentive program. The sales, which were part of a regular schedule of sales to avoid the appearance of market timing, occurred on Monday and Tuesday, according to the filing.
July 1, 2013 |
Tribune Co. has agreed to purchase 19 television stations owned by Local TV Holdings in a $2.73-billion deal that is expected to make Tribune the largest television station group in the country. Tribune and Local TV Holdings said early Monday that they had entered into a definitive agreement for Tribune to acquire all of Local TV's television stations in a cash transaction. Local TV's stations are located in 16 markets, including Denver, Salt Lake City, Cleveland and Kansas City.
June 25, 2013 |
Comcast Corp. says Aereo, a company that distributes broadcast programming on the Web, violates its copyrights, but according to often-contrarian analyst Richard Greenfield of BTIG, the cable giant is fighting the tech firm at its own peril. Comcast has argued that the Web TV company distributes its content without permission, which hurts its broadcaster, NBC Universal. CBS, Fox and ABC have all made similar legal arguments. But Aereo could help Comcast's pay-TV business, Greenfield said in a note to clients Monday.
June 12, 2013 |
The Fox broadcast network, which suffered a prime-time ratings free-fall during the just completed TV season, has closed out its upfront advertising sales with its total haul falling short of last year's auction. Despite its ratings woes, Fox was able to hike its ad rates by 5% to 7% for prime-time commercials for the 2013-14 television season, according to a person familiar with the negotiations. The News Corp. network secured commitments from advertisers totaling $1.75 billion to $1.8 billion, which represents about an 8% decline from its year-ago amount.
June 7, 2013 |
CBS' highly anticipated thriller, "Under the Dome," could help create a new business model for TV shows -- and encourage broadcasters to gamble on risky big-event summer programming. The 13-episode series, which debuts June 24 on CBS, is based on a bestselling Stephen King novel by the same name and produced by Steven Spielberg's Amblin Entertainment and CBS Studios. "Under the Dome" takes place in a small American town that is suddenly and inexplicably sealed off from the rest of the world by a gigantic transparent dome.
May 27, 2013 |
Viacom Chairman Sumner Redstone celebrated his 90th birthday Monday. Friends, family and business associates had planned a surprise Memorial Day birthday party in Los Angeles for the media mogul, even though Redstone has never been a big fan of birthdays -- or surprises. Not to worry. Redstone has plenty of reasons to celebrate this year. Just last week, Viacom stock hit an all time high. Redstone also received an early birthday present from Viacom's board, of which he serves as chairman.
May 15, 2013 |
At ABC's upfront presentation Tuesday in New York City, Jimmy Kimmel slammed the perennial first-place finisher CBS as a bunch of “smug” jerks (though he opted for a more a colorful epithet that isn't fit to be repeated here). Though Kimmel's diss got the crowd at Avery Fisher Hall worked up, a day later CBS didn't seem too worried about appearing cocky: If anything, the network seemed to embrace its reputation as the Kanye West of broadcast TV. The day-long victory lap began early at an informal breakfast with reporters, where CBS Corp.
May 14, 2013 |
Sony Corp. stock soared in afternoon trading after New York hedge fund Third Point proposed that the electronics and media giant make an initial public stock offering of up to 20% of its entertainment arm. That unit, known as Sony Entertainment Inc., includes film and television studio Sony Pictures Entertainment, Sony/ATV Music Publishing and Sony Music Entertainment. The proposal also raised the specter of a possible Sony alliance - perhaps with CBS Corp., whose CEO Leslie Moonves has long dreamed of running a movie studio.