"Memo to CBS boss Les Moonves: stay away from the movie business," recommends Peter Lauria. "There's been a lot of talk in entertainment circles lately about CBS, the lone major media company to lack a big Hollywood film studio, getting into the movie business, most of it coming from the lips of Moonves himself," he writes. "Though there are currently no talks with Sony taking place, acquiring a major studio would instantly transform CBS into a Hollywood player on par with its big five media brethren —Time Warner, News Corp, Disney, Viacom, and Comcast. But based on the earnings results …

The Atlantic magazine is launching an ebooks division, The Atlantic Books, which "will publish e-singles and curated collections of content from the magazine’s archives," writes Laura Hazard Owen. Its first offering, an ebook called "Denial" by Jonathan Rauch, "is available today for $1.99 exclusively through Amazon’s Kindle Singles store, though The Atlantic says it will 'soon' also be sold by Nook, the iBookstore and Kobo."

Cablevision will make Glenn Beck's Internet channel The Blaze available to subscribers in late May, giving the conservative media star "distribution in the New York metropolitan area for the first time since he left Fox News in 2011," writes Brian Stelter. "In September 2012 Mr. Beck began to return to television through a carriage deal with Dish Network," and is now approaching other satellite and cable distributors.

Allbritton Communications plans to sell its TV stations, which include ABC affiliates WJLA Channel 7 and NewsChannel 8 in the Washington D.C. market, along with stations in Birmingham, Ala.; Harrisburg, Pa.; Little Rock, Ark., Tulsa Okla., Lynchburg, Va.; and Charleston, S.C. The company, which also owns Politico, plans to invest heavily in it "and other new media companies in the coming months," writes Jeff Clabaugh.

Viacom could still work out a way to work with Netflix -- despite Netflix's letter to investors "that it would let its current deal with Viacom expire this month because [Netflix] wants to focus on licensing exclusive content as a way to differentiate itself from other streaming services," writes Brent Lang. The two companies are now discussing the possibility of "licensing content - some on an exclusive basis and some on a non-exclusive basis," according to Viacom CEO Philippe Dauman.

Like Fox before it, CBS is now threatening to stop broadcasting and go cable-only "if courts don’t stop the Internet startup Aereo Inc. from retransmitting shows such as 'NCIS' without permission," writes Christopher Palmeri. “We’ve spoken to cable operators in New York. We can do it in a few days,” was CBS CEO Les Moonves' statement yesterday at the Milken Institute Global Conference in Beverly Hills, Calif.

Bonnier Corp., which owns such pubs as Field & Stream and Popular Science, is selling Ski and Skiing magazines to Active Interest Media. "The magazines' print business has diminished since Bonnier bought them from Time Inc. in 2007 as part of a $225 million deal for 18 enthusiast magazines," writes Nat Ives.

Time Warner's quarterly earnings jumped 19% from last year -- "better than expected by analysts surveyed by Thomson Reuters " -- a result of continued strong performance by its cable TV and movie studio holdings, writes Chris Isidore. "Publishing, which includes Time Inc., posted a $9 million operating loss, wider than the $4 million operating loss a year earlier."