CBS WILL CONSIDER SELLING BILLBOARD UNIT — FOR $6 BILLION

Following a Wall Street Journal report on Monday that CBS would be willing to consider the sale of its billboard company, CBS Outdoor, if it received an offer of around $6 billion for it, a group of bankers has reportedly approached the media company and offered to find such a buyer. Bloomberg News, citing an […]

VARIETY REPORTS: IT’S UP FOR SALE

Variety scooped its rivals today (Friday) when it became the first to report that it is being sold. The trade paper said on its website that its owner, Reed Business Information, has decided to sell it as part of a divestment of of its U.S. business magazines, which began three years ago with the aim […]

REPORT: LIONSGATE TO SELL TV GUIDE CHANNEL AND WEBSITE

Lionsgate managers, who came under a blistering attack from Carl Icahn when he was the company’s largest shareholder for buying the TV Guide cable channel and TVGuide.com for $250 million in 2009, now want to sell the channel and website, the New York Post reported today (Tuesday). Lionsgate has previously sold half of the two […]

FEDERAL COURT BLOCKS DODGERS’ SALE OF TV RIGHTS

Los Angeles Dodgers owner Frank McCourt has suffered a new blow in his effort to sell the team’s TV rights to the highest bidder prior to the expiration of the Dodgers’ deal with Fox TV. A U.S. District Court judge has in effect overruled a decision by the bankruptcy court judge overseeing McCourt’s sale of […]

NEW HOLIDAY BARGAINS AHEAD; WALMART PLANS BLACK SATURDAY

With some reports indicating that holiday sales have not been living up to expectations since last month’s Black Friday, some department stores and consumer electronics outlets are reportedly moving quickly to make sure they’ve reduced inventory substantially before Dec. 25. Walmart said Wednesday that on Saturday, Dec. 17 it plans to offer its “lowest prices […]

WELLES’S CITIZEN KANE OSCAR TO GO ON SALE FOR ABOUT $1 MILLION

The only Oscar ever won by Orson Welles — for co-writing Citizen Kane — is due to be auctioned off online by Nate D. Sanders Auctions on December 20, and presumably between now and then, the Academy will make some effort to prevent the sale from going forward. It has long fought efforts to sell […]

HULU OWNERS DROP PLANS TO SELL THEIR VIDEO SITE

Unable to find a buyer willing to pay anything close to their asking price, the owners of the TV video site Hulu have announced their “decision to terminate the Hulu sale process.” The bickering owners — News Corp, which contributes mostly Fox TV shows to the website; Disney, which contributes mostly ABC shows; Comcast, which […]

IS THE DREAM FOR DREAMWORKS ANIMATION OVER?

Jeffrey Katzenberg may soon begin looking for a new home for his DreamWorks Animation Co. Published trade and newspaper reports indicate that Paramount plans to develop its own animation studio and cap production costs at $100 million and that it no longer needs the kind of distribution deal it currently has with DWA, in which […]

HULU GETS SERIOUS ABOUT SALE

A day after reports surfaced indicating that Yahoo! may have made an unsolicited bid for the video website Hulu, the Los Angeles Times reported today (Thursday) that Hulu has hired Guggenheim Partners and Morgan Stanley to facilitate a sale. Citing people familiar with the matter, the Times said that disagreements between the owners of Hulu […]