Carat U.S., which has been reeling from weak new business and a spate of lay-offs, handed out another pink slip today, announcing that it … Read the whole story

Pilot Episode: "Take Me To The Cleaners" Writers: Tina Fey Joe Klein Cast: Barack Obama as "Barack Obama" Halle Berry as "Michelle Obama" Alec … Read the whole story

Viacom says a now-expected 2% drop in worldwide advertising revenue for its TV networks and other properties will significantly affect its third-quarter earnings. Read the whole story

General Electric said Friday that despite a loss for the Olympics, NBC Universal profits for the third quarter still climbed into double digits for … Read the whole story

Rainbow Media has promoted two executives to help drive revenues from branded entertainment and sponsorship sales at its two ad-free networks: IFC and Sundance. Read the whole story

MySpace's solution to a dreadful economy is allowing small businesses and individuals outside its social network to affordably create and service their own graphic … Read the whole story

As the nation reeled from the unfolding credit crisis and steep declines on the stock market today, Hearst Magazines delivered an additional blow: It … Read the whole story

Shortly after New York State attorney general Andrew Cuomo sued Arbitron to prevent publication of radio ratings from its Portable People Meter, the attorney … Read the whole story

New network shows are doing OK. NBC's "Kath & Kim" and ABC's "Life on Mars" delivered decent ratings on Thursday night. "Saturday Night Live" … Read the whole story