Group items tagged

Viacom is turning the tide after slow growth during the recession. They have implemented cost cutting measures to grow profits with dvd sales and high ratings from quality, thought provoking programs like "Jersey Shore".

"Twenty-five years ago, MTV was best known for music videos starring Michael Jackson and Madonna. These days, its reigning queen is not a recording star at all but rather Nicole "Snooki" Polizzi, the rowdy party girl from the reality series "Jersey Shore. So maybe it's not surprising that this week the 29-year-old network bowed to the inevitable and finally scraped the legend Music Television" off its corporate logo."

"Three million cable customers in New York, New Jersey and Connecticut will see their ABC station go to black (or something like it) early Sunday morning unless The Walt Disney Company and Cablevision either strike a deal or extend their tense contract negotiations. Cablevision's contract to carry the ABC station in New York City, WABC, expires at midnight, and the two companies are in a standoff over how much Disney, which owns ABC, should be paid for the right to retransmit the signal."

"Earlier this week, federal prosecutors in New Jersey unveiled a 43-count indictment charging four men with using sophisticated computer programs to bypass security measures to buy up blocks of tickets through online vendors like Ticketmaster. They sold the tickets to brokers, who in turn marked them up for ravenous fans who found the available supply of tickets scarce. According to the indictment, the defendants reaped more than $20 million in profits from 2002 to 2009 through purchases of more than one million tickets by their company, Wiseguy Tickets."