Lionsgate Exits MGM Auction After Bidding

By | Thursday March 25, 2010 @ 1:09pm PDT

lionsgate_logoThat napalm smell surrounding Hollywood is even more pungent this afternoon. I’ve just confirmed that Lionsgate management’s attempt to lowball MGM didn’t work. The studio has now dropped out of the auction after bidding between $1.3 billion and $1.4 billion. (For … Read More »

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One More Hit Record For Michael Jackson

By | Monday March 15, 2010 @ 7:36pm PDT
Mike Fleming


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The art world expects paintings to spike in value once the artists dies. It doesn’t often happen in the music world, but Michael Jackson has achieved one more record: getting the highest amount ever paid for a recording contract. According to … Read More »

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SERIOUSLY? Anne Rice Likes HBO’s ‘True Blood’, Claims Not To Have Read ‘Twilight’

By | Sunday October 25, 2009 @ 1:28pm PDT

Vampire fangsBefore Stephenie Meyer authored the Twilight Saga, Anne Rice was the Queen of Vampires. So, in a recent Wall Street Journal interview, she talks about the fang explosion in showbiz. (And, yes, this is another in my shameless plugs … Read More »

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Sane Debt-Reduction Move By Redstone; But Are There Saner Moves Still To Come?

By | Wednesday October 14, 2009 @ 2:18pm PDT

sumner dollarHere’s why the Wall Street Journal‘s Martin Peers is one of my favorite business journalists covering Big Media. He wrote today, “Sumner Redstone is true to his word. He said a year ago that he did ‘not intend to … Read More »

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WSJ: YouTube To Stream Pics On Rental Basis With Lionsgate, Sony, Warner Bros

By | Thursday September 3, 2009 @ 9:38am PDT

The Wall Street Journal is reporting (subscription required) that Google’s YouTube is in discussions with Lionsgate, Sony and Warner Bros about allowing users to stream movies on a rental basis, marking one of the online video giant’s first moves toward charging for content instead of making it available free … Read More »

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UPDATE: Boards OK Murdoch/Dow Jones; Rupe’s $30M Bribe To Bancrofts Paid Off

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TUESDAY PM: The Wall Street Journal announced this evening that News Corp.’s $5 billion purchase of Dow Jones has been approved by the boards of both companies, which met separately over the past few hours. After three months of drama in the Bancroft family and … Read More »

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Murdoch Offers Bancrofts $30+ Mil Bribe

By | Monday July 30, 2007 @ 9:11pm PDT

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After all News Corp’s big talk how it wasn’t going to raise its price for Dow Jones & Co, tonight comes news that Rupert Murdoch is now talking about a sickening payoff to the Bancroft clan. That’s right, an out-and-out bribe in the neighborhood of $30+ million for the family holdouts to … Read More »

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More Bad News For Murdoch’s DJ Deal

By | Friday July 27, 2007 @ 9:48am PDT

wallstreet2.jpgNow the Denver branch of the Bancroft family will vote against accepting News Corp’s $60-a-share offer, putting pressure on Rupert Murdoch to raise its offer, according to a news alert by the Wall Street Journal this morning. But News Corp … Read More »

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Are Bancrofts Leaning ‘No’ To Rupe Deal?

By | Tuesday July 24, 2007 @ 7:50pm PDT

murdochdowner.jpgWhen news warrants, I’ve been trying to file brief updates on the bumpy road that the Murdoch-Dow Jones deal is traveling. Here’s the latest: One Bancroft family member who is a member of the Dow Jones board and … Read More »

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Murdoch Wins; Will Bancroft Family Balk?

By | Tuesday July 17, 2007 @ 9:08pm PDT

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Dow Jones’s 16-member board voted to approve News Corp.’s $5 billion bid for the company, with two directors abstaining from the vote and one — Christopher Bancroft, who has been actively seeking alternatives to Rupert Murdoch — leaving the meeting early. The board’s … Read More »

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Rupe In Tentative Deal To Buy Dow Jones But Will Balky Bancroft Family Approve?

By | Monday July 16, 2007 @ 6:56pm PDT

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The Wall Street Journal announced tonight that Rupert Murdoch’s News Corp. has reached a tentative agreement to buy Dow Jones at its original $5 billion offer price. The deal will be put to the full Dow Jones board Tuesday evening for its approval. The … Read More »

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WSJ Reporters Stage Big Murdoch Protest

If you had trouble reaching a Wall Street Journal reporter this morning, that’s because many wsjlogo.jpgwho belong to the union chose not to show up for work across the country until this afternoon. It’s been described to me … Read More »

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G’Bye Laura Holson, Hello Brooks Barnes: Meet NYT’s New Movie Business Reporter

By | Wednesday May 30, 2007 @ 5:45pm PDT

brooksbarnes.jpgBy tomorrow, this photo will be posted with all the studio guards, kinda like those Wanted: Dead Or Alive posters. The New York Times issued an internal memo today saying Brooks Barnes, a reporter on the TV beat at … Read More »

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Remember, You Heard It Here First…

By | Thursday April 5, 2007 @ 1:57pm PDT

geffen.jpgI’m pleased to see that the Los Angeles Times and The Washington Post has caught up days later with my reporting about the possibility of David Geffen paying $1 bil for control … Read More »

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Sir Howie Whines About Sony Many Woes

By | Sunday March 4, 2007 @ 4:38pm PST

stringer-sony1.jpgLess than nine months ago, Sony’s Sir Howie Stringer was treated to five fawning print profiles. (And I wondered at the time why no Sony product gets as much great PR.) One of those media outlets was … Read More »

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Toldja! Tribune Co Planning To Go It Alone

By | Monday February 12, 2007 @ 1:17pm PST

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Back on January 30th, I reported that insiders told me Tribune Co. had rejected bids and that a management-led solution was now in progress, and on January 18th that … Read More »

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Mass Exodus From Bloomberg News, Too

By | Saturday February 3, 2007 @ 10:22am PST

Turns out that the Los Angeles Times is not the only media outlet suffering a mass exodus. So is Bloomberg News. I hear that dozens of Bloomberg News staffers worldwide have exited so far this year, and lots more are lining up, especially in New York. The latest is … Read More »

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Lloyd Braun To Go Bye-Bye From Yahoo!

By | Tuesday December 5, 2006 @ 6:17pm PST

Ousted by Disney. Now about to ousted by Yahoo!. Lloyd Braun can’t catch a break. According to the Wall Street Journal, the Terry Semel-topped Internet company will announce tomorrow an expanded role for financial chief Susan Decker as Yahoo! grapples with slowing … Read More »

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David Geffen, Chicago Is Calling On Line 1

By | Wednesday November 1, 2006 @ 4:46pm PST

This just in from the Wall Street Journal, which has been on top of this financial story from the beginning: “The first round of bids for Tribune Co. have come in low, prompting the newspaper and TV company to … Read More »

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