The newspaper industry has been struggling to figure out compensate for declining ad revenues and monetize its content online. Gannett just announced plans to slash between 1,000 and 2,000 jobs, mostly from its local papers.    Read More

The media conglomerates are trading down today, off more than the Dow. One factor pulling them down is the Supreme Court's decision not to consider their appeal to challenge Cablevision Systems new DVR service.    Read More

Yes, it's totally gruesome to think about how Michael Jackson's estate and others will benefit from the King of Pop's death, but it's inevitable.   Read More

Hollywood loves a good story, and ponzi schemers like Madoff are providing plenty of fodder for plot twists and terrifying villains. Both documentaries and fiction based on the truth is designed to tap into the cultural zeitgeist, with a kind of relevance that aims to sell tickets and boost ratings.    Read More

"Transformers: Revenge of the Fallen" from Viacom's Paramount and Steven Spielberg's DreamWorks Studio is already breaking some major records, making it likely to be the biggest film of the year.    Read More

The Academy of Motion Picture Arts and Sciences announced today it will double the number of best picture nominees to 10.    Read More

Eastman Kodak is offering $5,000 to the person who can identify “Rose Boy”, the teenager inadvertently snubbed while trying to deliver a yellow rose to Megan Fox. The starlet is reportedly upset that she missed the young man’s attempts to hand her a flower during the hubbub of premiere night in London for the new “Transformers” film.    Read More

When it comes to big launches, it seems the movie business is king, with blockbuster opening weekends making headlines and generating huge buzz. But the video game industry is actually bigger than theatrical moviegoing.   Read More

By this time of year the TV networks are usually wrapping up their upfront ad sales period in which they sell about 80 percent of their primetime ad inventory. But not this year. The nets acknowledged to the LA Times that the actual selling hasn't begun.    Read More

It's not all doom and gloom. Despite lost revenue as companies shift from analog to digital models and the sector downturn of certain businesses like DVDs, there are still bright spots in the global entertainment industry.   Read More