Archives: October 2009

BusinessWeek President Keith Fox to Stay With McGraw-Hill

Posted by: Tom Lowry on October 30

BusinessWeek President Keith Fox is stepping down from the magazine but will remain at the parent company, McGraw-Hill Cos. Fox, 44, informed colleagues of his decision in a staff memo...

Wall Street Journal Says So Long To Beantown

Posted by: Tom Lowry on October 29

Following on recent news of staff reductions at The New York Times and Forbes, The Wall Street Journal announced today that it is shuttering its Boston bureau, long a hub...

CBS Digital Guru To Leave And Start Own Shop

Posted by: Ron Grover on October 28

Quincy Smith, the one-time investment banker turned digital guru, is leaving his job as CEO of CBS (CBS) Interactive, BusinessWeek has been told. Since joining CBS in early 2006, Smith...

Paramount Goes Online to Boost its DVD Sales

Posted by: Ron Grover on October 27

For an industry that makes its money catering to the tastes of the media-loving public, you have to wonder why Hollywood sometimes has such a tin ear when it comes...

FCC Chair Worries About Spectrum For iPhone And Other Gadgets

Posted by: Tom Lowry on October 25

During a visit to BusinessWeek on Oct. 23, Federal Communications Commission Chairman Julius Genachowski expressed concerns about the available wireless spectrum for broadband devices. "We've been spending time on long-term...

Adler To Resign As BusinessWeek's Editor-in-Chief

Posted by: Tom Lowry on October 20

Stephen J. Adler, who has been editor-in-chief of BusinessWeek for more than four years, will resign from his post once the sale of the magazine to Bloomberg LP is completed,...

Azoff: Ticketmaster "Highly Confident" Merger Will be Approved

Posted by: Ron Grover on October 18

Ticketmaster Entertainment (TKTM) “remains highly confident that” its planned merger with rival ticketing agency Live Nation (LYV) “will happen,” says Ticketmaster CEO Irving Azoff despite published reports that U.S....

Disney's Iger: Blu-ray Sales "Not as Much as We Would Have Liked

Posted by: Ron Grover on October 17

Trust Bob Iger to tell it like it is, while the rest of Hollywood sugar-coats the obvious. The Walt Disney Co. (DIS) CEO, who first broke ranks with fellow...

Bloomberg Sending Its Top Team to Address BusinessWeek

Posted by: Tom Lowry on October 13

The full team of top Bloomberg LP executives, along with McGraw-Hill Cos. CEO Terry McGraw, will address the BusinessWeek staff at 9 on Wednesday morning following news Tuesday about the...

Bloomberg Wins Bidding For BusinessWeek

Posted by: Tom Lowry on October 13

Bloomberg LP, the global financial data and news empire created by New York City Mayor Michael R. Bloomberg, is the winning bidder for BusinessWeek. Terms of the offer will not...

GE's Immelt: Zucker "As Good as Anyone Running a Media Company"

Posted by: Ron Grover on October 12

Would General Electric CEO (GE) Jeff Immelt like to see NBC Universal CEO Jeff Zucker stick around, even if GE sells off majority control of its broadcast, cable and...

Winning Bidder For BusinessWeek To Be Named Soon

Posted by: Tom Lowry on October 12

An announcement regarding the sale of BusinessWeek is expected within the next few days, say executives familiar with the situation. By declaring a winning bidder, BusinessWeek parent McGraw-Hill Cos. is...

Warner Brothers Contemplated, Walked from Buying MGM

Posted by: Ron Grover on October 09

The once fabled MGM studio is hanging by a thread. On Oct. 1, its banks agreed to allow the debt-hobbled studio to forego its monthly debt payments on $3.5 billion...

Does Comcast See The Writing on Cable's Slippery Wall?

Posted by: Ron Grover on October 08

Want to know the real reason that Comcast (CMCSA) is looking to strike a deal to gain control of NBC Universal from General Electric? (GE) No, it’s not just that...

Vivendi Set to Discuss selling NBCU Stake

Posted by: Ron Grover on October 06

The scene could soon be set for General Electric(GE) to strike its rumored deal to sell its NBC Universal assets to cable operator Comcast (CMCSA), sources tell BusinessWeek. French telecommunicatons...

Disney Names New Lion King

Posted by: Ron Grover on October 05

As expected the Walt Disney Company (DIS) today named Rich Ross, president of Disney Channels Worldwide, as chairman of the Walt Disney Studios. Ross, a key creative executive who ushered...

Real Life Slasher Movie: Hollywood Heads Continue to Roll

Posted by: Ron Grover on October 05

Two weeks ago it was Dick Cook who was fired, telling his troops on a Friday afternoon that he was stepping down as head of the Walt Disney (DIS) studio....

Roberts to Team Comcast: "We'd like to find ways to accelerate" Cable Channels' Growth

Posted by: Ron Grover on October 02

It’s become standard operating procedure for CEOs caught in the press headlights of a potential deal. They issue a memo to the troops that bucks them up, extols the virtues...