Citing "massive layoffs" at Omnicom and reduced client budget expectations at Interpublic, one of Wall Street's last big securities firms lowered its 2009 outlook … Read the whole story
Domestic ad spending is expected to drop 10% next year--dramatically worse than the declines felt in both the 1991 and 2001 recessions, according to … Read the whole story
Overall TV revenues are poised to sink 8.5% in 2009 after a 7% drop in 2008, according to BIA Advisory, a TV financial research … Read the whole story
Following the acrimonious divorce between Fox and 4Kids Entertainment, the network has signed up veteran infomercial producer WorldLink to fill up Saturday morning time … Read the whole story
On Nov. 30, Ford gave a struggling Michigan family a 2009 version of its Flex cross-utility vehicle on ABC's "Extreme Makeover: Home Edition," after … Read the whole story
Streaming video continues to be favored by U.S. users, and it's increasing at a faster rate than downloading video. According to a new study … Read the whole story
Macrovision will unload the TV Guide Network to a private-equity firm and the former head of Dick Clark Productions for $255 million. The deal … Read the whole story
In an ironic twist, Sirius-XM saw revenues and subscribers jump compared to last year, giving the formerly beleaguered satcaster some good news in a … Read the whole story
As the annus horribilis draws to a close, we'd like to take a moment to honor some of the magazines that folded this year. … Read the whole story