Speaking from London in the friendly interview confines of Fox Business, 21st Century Fox's chief executive, Rupert Murdoch, offered some insight Thursday as to why he abandoned his polarizing efforts to acquire Time Warner Inc. "I am also a bit bearish I guess," he told his interviewer and employee, Neil Cavuto. "I just felt with all the uncertainties in the world, I didn't want to be carrying that degree of debt."
With many of its most prolific producers looking for greener pastures at insurgent online-video platforms, YouTube has announced a multi-million-dollar initiative aimed at holding on to some of its biggest stars.
By having its subscribers pay an average of about $8 a month to rent their cable modems rather than buy them, Comcast (Nasdaq: CMCSA) makes more in one quarter off modem rentals than it generated from the entire Sochi Winter Olympics.
In a positive sign for pay-TV programmers and operators trying to monetize video-on-demand, a study commissioned by A+E Networks found that disabled fast-forwarding on VOD viewing does not negatively affect the viewer experience.
More than 90 former AT&T cellular-industry partners have banded together to petition the FCC against the telco's proposed purchase of DirecTV, while Netflix also sent a notice to the commission noting that powerful conditions restricting paid peering should be put in place. Conversely, the still-powerful enterprise-technology company Microsoft told the commission it supports the merger.
Although pay-TV profit margins are up and leading all media and entertainment sectors, investment analyst Craig Moffett is advising clients to be wary of operator stock right now.
Addressing speculation about the possible OTT agenda for his company's premium cable network, Les Moonves said there is a "very strong possibility" that CBS Corp. will soon disaggregate Showtime from the pay-TV bundle and offer it to consumers a la carte, over the Internet.
After failing to take any meaningful market share away from children's-network powerhouses Disney Channel and Nickelodeon over the past four years, Discovery Networks and Hasbro are restructuring their partnership on the Hub Network. Discovery will now take full control of the channel and rebrand it as Discovery Family.
Faced with a mature, consolidated cable-industry constituency, the National Cable Telecommunications Association is reinventing and rebranding The Cable Show as an event focused on the distribution of online video.