It is something that rapidly paced headline-chasing and five-second storytelling do not lend themselves to in an interactive digital broadband world. But the media and entertainment industries sorely need it right now. Read the whole story...

When Sumner M. Redstone's Viacom Inc. bought the CBS television network in 2000, adding its television stations and Infinity Broadcasting radio stations to his movie studio, theme parks and Blockbuster video stores, he said the new company would be a "formidable media giant." For a time, it was. But now, five years later, bigger may no longer be better, both for Viacom and several of its behemoth media and entertainment peers. Read the whole story...

Kaplan Thaler Group CEO Linda Kaplan Thaler will appear as a co-judge on Making It Big, an Apprentice-like reality show that debuts April 25 on cable's female-oriented Oxygen Network. Read the whole story...

The Securities and Exchange Commission today made official a $300 million settlement agreement with Time Warner, resolving charges that the media giant's America Online unit misstated advertising revenue. Read the whole story...

Several automakers, among them Toyota, Ford Motor and BMW, are financing an advertising campaign aimed at politicians that asserts that automobiles are "virtually emission-free." The campaign is part of an effort by a broad coalition of automakers to present their vehicles as environmentally benign at a time when the coalition is suing California to block a new regulation to curb global warming emissions and is continuing to lobby in Washington against tougher fuel economy regulations. Read the whole story...