BUSINESS
May 2, 2012 | By Meg James, Los Angeles Times
CBS Corp.might be a titan of old media but its first-quarter earnings were boosted by gains in new media: the digital distribution of its television programming and the sale of e-books. The New York-based broadcasting company beat analyst estimates with 80% higher net earnings for the quarter ended March 31. The company earned $363 million, or 54 cents per diluted share, up from $202 million, or 29 cents per diluted share, compared with the year-earlier period. The substantially higher margin came from growth in operating income as well as lower weighted average shares as a result of the company's stock repurchase program.
ENTERTAINMENT
April 1, 2012 | Scott Timberg
Julian Fellowes recalls his first Titanic moment, decades before a young Leonardo DiCaprio and Kate Winslet climbed onto James Cameron's set. "It haunted me," he says of a childhood viewing of "A Night to Remember," the 1958 British film about the ocean liner's crash into an iceberg and the ensuing race for the lifeboats. "Somehow the disaster of the Titanic embraces so much of that world -- high and low, working men and aristocrats, entrepreneurs and movie stars, immigrants hoping to start a new life in America.
ENTERTAINMENT
March 27, 2012 | T.L. Stanley
Imagine a hulking, growling, 8-foot-tall woodland creature so elusive that professional trackers can't find it, scientists can only speculate about it and believers can't prove -- definitively -- that it exists. Hiding deep in the forest may be your modus operandi, Bigfoot, but Hollywood and Madison Avenue are pushing you -- however reluctantly -- into the spotlight. A slew of documentary, TV and film projects including Animal Planet's current hit "Finding Bigfoot," and a Sasquatch film trilogy from "Blair Witch Project" director Eduardo Sanchez are poised to get past the old grainy images of yesterday and give the hairy 800-pound biped a high-def close-up.
WORLD
February 14, 2012 | By Jonathan Kaiman, Los Angeles Times
Chinese television broadcasters have been ordered to stop showing foreign programs during prime time and limit the total amount of programming from other countries. A new set of rules bars imported programming from 7 p.m. to 10 p.m. and calls for no more than 25% of programming each day to come from foreign sources, according to a statement issued Monday by the State Administration of Radio, Film and Television, China's media regulator. "If there's no rule against taking shows from abroad, then TV stations will only broadcast foreign shows," said Yuan Fang, a professor in the advertising department of the Communication University of China.
BUSINESS
January 29, 2012 | Meg James
The Gig: Paul Telegdy is president of alternative and late-night programming for NBC Entertainment. He is responsible for unscripted shows, including "The Voice," "The Tonight Show With Jay Leno" and "Saturday Night Live. " The gregarious 40-year-old Brit, son of a Hungarian political refugee who became a chemical engineer and a former British actress turned teacher, has lived in Switzerland, Austria, England, Belgium and the U.S. Telegdy, a father of two young daughters, took an unconventional path to network television, but the seeds were planted early.
BUSINESS
March 9, 2011 | By Richard Verrier, Los Angeles Times
With its lush mountains, tropical rain forest and sugar-white beaches, Puerto Rico has long prided itself as a "paradise of locations" for filmmaking. But the U.S. territory has never been ranked in the top tier of filming destinations, in part because it had only a small pool of money allocated for its tax-credit program. That could change now that the Caribbean archipelago wants to grab a larger share of Hollywood's production pie. Last week, Puerto Rico Gov. Luis G. Fortuño signed into law a new package of film incentives aimed at making his commonwealth competitive with some of the top production hubs in the U.S. The new law broadens the existing 40% production tax credit to include TV programs and documentaries, and for the first time allows producers to claim a 20% tax credit for hiring nonresidents, including actors' salaries.