
It's been a busy two days for Scripps Networks Interactive, between buying a 65 percent stake in Travel Channel and reporting better-than-expected earnings growth.
Today Disney is bringing an old story into a new high-tech dimension: "Disney's A Christmas Carol" is the widest digital 3-D release ever. Of the movie's 3,683 theaters in the US, 2,035 are 3-D, including 181 Imax screens. The movie is also opening this weekend in 18 countries around the world, with many of those screens in 3-D.
CEO Les Moonves boasted on CBS' earnings call that each consecutive quarter this year the company's results have improved and that the operating environment for the business continues to improve.
Rumors are swirling that Oprah will give up her daytime syndicated talk show, to bring the show, and her full focus to OWN: The Oprah Winfrey Network, in mid-2011.
The cable industry is still growing - but growth is slowing. Time Warner Cable, like rival Comcast, continues to lose basic video subscribers to rivals like the telecom and satellite TV companies
The Food Network is welcoming the Travel Channel to the family. The bidding war for the Cox Communications' Travel Channel has finally concluded and Scripps Networks Interactive has won a 65 percent stake in the channel, in a deal that values it at around $1 billion.
