For fast-moving corporate raiders in the fast-changing world-media conglomerates, it's hard to know when to put it into neutral.

The CW's surprise announcement last month has cut down many in the crossfire. Now more collateral damage can be found: financial executives at Granite Broadcasting have decided to bite the bullet, pulling a $180 million deal to sell two WB affiliates, KBWB in San Francisco and WDWB in Detroit, to AM Media.

In the crazy land of media moguls and big media and TV companies, there is always a major player who is never happy, always dramatic, and ready to make a scene--metaphorically speaking.

Everyone loves a good success business story--but even better are those that flop on the ground like a fish without water. Not only can we get a good laugh, but perhaps some perspective.

NBC hasn't fooled anyone with its Torino version of the Winter Olympics. Everyone knew the score ahead of time. So far, no surprises.

For a number of soon-to-be-refugee Fox-owned stations and other UPN and WB affiliates, it's back to the future.

When investing in media, be sure nothing is lost in any financial translation. Stick with good language and you'll have an easy decision. That's how to make the choice between Univision and Time Warner.

It's not the way ABC wanted it for its new prime-time news team. Its "World News Tonight" won the week among key demographic viewers mostly from curiosity over the show's severely injured anchor Bob Woodruff and cameraman Doug Vogt.

ABC might finally be fast-forwarding an end to the upfront market all by itself. The network's focus over new ratings that include DVR viewing is now a public debate.

Super Bowl XL viewers witnessed a relatively boring football game, somewhat lackluster commercials--even the Rolling Stones couldn't spice up the proceedings. Now, throw in a five-second broadcast delay and future Super Bowls threaten to be a colorless affair. Just paint it black.