The company said closing Picturehouse and Warner Independent Pictures was a cost-cutting move rooted in the changing economics of the specialty film business.
Revenue Rises at Liberty Media
Liberty Media s first-quarter revenue rose in all three of its business units, which include QVC and Starz television channels and a stake in DirecTV, the company said.
No Signs of a Slowdown in Traffic at Disney s Parks
Watched as an indicator of whether weakness is seeping deeper into the economy, Disney said that operating income in its parks and resorts unit rose 33 percent.
DirecTV Profit Up 10% as Subscriptions Grow
The satellite television company said first-quarter net income climbed to $371 million, as it acquired more subscribers and customers spent more on high-definition and video recording services.
From Places Unexpected, Support for the Press
Conservative voices offered perhaps the broadest defense of reporters rights during oral arguments in a case involving the refusal of a reporter to disclose sources.
Sex? Yawn. Politics? That s Hot!
The new dish at celebrity magazines is the high-drama presidential campaign of 2008.
Warner Music Loss
The Warner Music Group suspended dividends Thursday after reporting that higher costs and a shift to digital music resulted in a wider second-quarter loss.
TV Guide, Having Just Been Bought, Is Bracing to Be Sold
Another sale would be the fourth change in control during the last decade for TV Guide, which has long been trying to forge a new identity as an entertainment magazine.
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