Tom Touchet, executive producer of NBC's "Today," has been relieved of his duties on the top-rated morning show, which has seen its lead erode in a strong challenge by ABC's "Good Morning America." Read the whole story...

The storm-battered ship Norwegian Dawn was coming back to New York through gale-force winds to make a scheduled TV shoot for "The Apprentice" - a product placement that cost the cruise company more than $1million, sources said yesterday. Read the whole story...

The television industry is undergoing a fundamental transformation that will make traditional advertising on TV redundant, according to a new report. The report by accountancy firm Deloitte & Touche and the Technology, Media & Telecommunications Industry Group claims that the TV industry is evolving from a mass-market, single broadcast-focused sector, into one that is far more complex. Read the whole story...

Viacom, the media conglomerate that owns CBS and MTV, reported yesterday that its net income fell from a year ago when it recorded a tax benefit, but revenue rose 5 percent on growth in its cable networks division. Read the whole story...

Former ABC News reporter/anchor Sam Donaldson is ready to say the last rites for network news because it will soon lose its dominant position as Americans' primary source of news. "I think it's dead. Sorry," he said during a breakfast panel Tuesday at the National Association of Broadcasters' convention in Las Vegas. "The monster anchors are through." Read the whole story...

An organization opposed to Wal-Mart Stores Inc. took out a full-page newspaper advertisement on Wednesday that accuses the world's biggest retailer of costing U.S. taxpayers some $1.6 billion a year. Read the whole story...