November 6, 2012 |
WASHINGTON - Federal regulators are poised to ease ownership restrictions on major-market media outlets in what could be a boost to some big players in the struggling newspaper industry. After two failed attempts to loosen its rules, the Federal Communications Commission is expected by the end of the year to approve a new proposal that would allow newspapers and television or radio stations in the 20 largest markets to consolidate. And unlike previous battles, there is little opposition this time to easing the so-called cross-ownership rules.
September 12, 2012 |
Until recently, top entertainment chief executives were trying to keep technology at bay as a strategy to protect their traditional businesses. Now, most top executives believe technology and new devices, primarily tablets and smartphones, represent their greatest opportunities for growth. Consulting firm Ernst & Young interviewed 34 chiefs of media companies as part of a comprehensive survey of their attitudes and priorities. The firm's report, released Wednesday, found dramatic changes in thinking since the last study, conducted four years ago. About half the CEOs and chief operating officers now predict that digital media will increase their companies' revenues and profit margins by at least 10% within the next three years.
September 9, 2012 |
Companies in creative businesses that scorn traditional glass-and-steel office towers continued to rule the Westside real estate market in the second quarter as landlords scrambled to meet their demands. While large spaces in some of downtown Los Angeles' signature skyscrapers such as 72-story US Bank Tower lay fallow, homely old industrial buildings tricked out on the inside were in short supply, according to a report by real estate brokerage Industry Partners. Direct vacancy in the 17.7-million-square-foot Westside creative office market was 9.2%, the lowest level since the first quarter of 2009.
August 23, 2012 |
After the coffee. Before deciding if I'm supposed to feel guilty watching "Honey Boo Boo. " The Skinny: We are definitely in the dog days of August. Not a lot going on right now. Thursday's headlines include a look at big media's political contributions, Disney's environmental issues and what watching TLC's "Honey Boo Boo" says about us. Daily Dose: Netflix is getting more movies. The streaming service has signed a deal with RADiUS-TWC, the distribution arm the Weinstein Company.
August 20, 2012 |
After the coffee. Before complaining about the broken elevator at the L.A. Fitness in Hollywood. The Skinny: I know I sound silly griping about a broken elevator at a gym. But if you have ever worked out at the L.A. Fitness at Hollywood and Sycamore Street, you know how ill-conceived that building is and what a hassle it is when the elevator is out of service, which is usually the case. Monday's headlines include the weekend box office recap; budget cuts at NBC's "Tonight Show;" big media companies are turning to education as their next profit center and a look at why the NC-17 rating has mostly been a failure.
July 14, 2012 |
After more than 31/2 years of bitter legal conflict, the judge in Tribune Co.'s bankruptcy case said he would approve a plan to transfer ownership of the Chicago media company to a group of hedge funds and banks based in Los Angeles and New York. But in a memorandum overruling objections by junior creditors and others, U.S. Bankruptcy Judge Kevin Carey said the plan's proponents first would have to make revisions to reflect recent court rulings. A lawyer in the case said that would require the company to edit the plan and craft a new confirmation order that would be distributed to all parties for review, a process that could extend formal approval until at least late next week.
June 30, 2012 |
WASHINGTON — The U.S. Supreme Court has turned down an appeal by media companies of government restrictions on the ownership of a newspaper and broadcast station in the same market, leaving the rules in place and sending the contentious issue once again back to the Federal Communications Commission. The FCC is in the midst of its periodic review of media ownership rules, which broadcasters and news organizations have argued are outdated in the Internet era. The agency relaxed some of the rules in 2007, after the last review.
May 22, 2012 |
BOSTON - A new generation of consumers who have little regard for historical distribution systems will be what drives media companies to rethink their role as gatekeepers to content. "It always seems to be about the kids," said filmmaker Ed Burns who has taken to releasing his movies on non-theatrical platforms, including Apple's iTunes, and on video-on-demand. Speaking at the National Cable Telecommunications Assn. here, Burns said that young people today "are not nostalgic for the way we consumed entertainment.
May 7, 2012 |
Media companies try to go where the audience is, and that's what Disney's ABC News division and Univision are doing with a deal to create an English-language cable channel for U.S. Latinos. The channel is slated to be up and running by early next year, and the media companies say it will be "a 24/7 news, information and lifestyle network primarily in English that will serve the youngest and fastest-growing demographic in the country. " It's no surprise the media heavyweights would target this crowd.