Top Stories

NEW YORK: Time Warner reported a second-quarter profit that was up 7 percent on the year prior, due in part to improved advertising sales at its cable networks and box-office proceeds from films such as Clash of the Titans and …

SCOTTSDALE: Revenue from the purchase of HD personal video recorder (PVR) set-top boxes is expected to increase by more than 61 percent by 2014, according to In-Stat. In-Stat forecasts that as consumers migrate from standard definition to high definition, the …

NEW YORK: Second-quarter profit at CBS Corporation increased nearly ten-fold, on an 8.6-percent rise in advertising revenue and improved margins from cost-cutting. CBS’s net income was nearly ten times the level a year ago, increasing to $150.1 million. Revenue rose …

CHICAGO: Playboy Enterprises’ board of directors has formed a special committee to consider founder Hugh Hefner’s proposal to buy out the rest of the company. A special committee consisting of attorney Sol Rosenthal and Playboy director Shing Tao will evaluate …

LONDON: Sky1 has canceled plans to bring back the cult science-fiction series Blake’s 7. The series originally aired on BBC One between 1978 and 1981. A spokeswoman for Sky1 commented: "Following the development process we have decided not to produce Blake’s …

TORONTO/LOS ANGELES: Executives from NBC, ABC, CBS and FOX have signed on to participate in an event mixer put on by Productions Without Borders (PWB) aimed at promoting diversity in Canada’s production industry. The event, Making Diversity Matter, takes place …

LOS ANGELES: The Spin Crowd, the first project from executive producer Kim Kardashian, is to premiere August 22 on E!, immediately following the fifth season premiere of Keeping Up with the Kardashians. The Spin Crowd follows PR guru Jonathan Cheban …

HONG KONG: Nick Brien, the chairman and CEO of advertising agency McCann Worldgroup, will participate in an In Conversation session at the CASBAA Convention 2010 in Hong Kong on October 26. Brien has two decades of worldwide experience in advertising, …

SILVER SPRING: A host of new series and specials have been scheduled for the fall lineup of Investigation Discovery, including Hardcover Mysteries and The Will: Family Secrets Revealed. The new series Who the (Bleep) Did I Marry? kicks off August …

LONDON/TORONTO: Entertainment One (eOne) has taken on the U.K. and Canadian distribution rights to the 3D film Gnomeo and Juliet from Pathé International. The film is set to be released in February 2011 in the U.K. and Canada, followed by …