RYAN NAKASHIMA

AP Business Writer
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News Corp 3Q beats Street despite probe costs

Rupert Murdoch's News Corp., the global media conglomerate under fire for phone hacking and alleged bribery in Britain, posted a 47 percent increase in third-quarter net income thanks to strong performances at its U.S. pay TV networks and movie studio.

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Disney looks to avenge studio loss after upbeat 2Q

The Walt Disney Co. is looking to avenge the loss it took on the blockbuster bomb "John Carter." What better way than to ramp up its investment in the superhero franchise "The Avengers."

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WatchESPN comes to Comcast's video customers

WatchESPN, the online and mobile version of Disney's popular sports TV network, was activated Tuesday for most of Comcast's 22 million video subscribers.

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After foreign haul, 'Battleship' faces choppy seas

"Battleship," the first in a string of movies based on Hasbro board games, has survived an armada of tomato-throwing critics and chugged to $170 million in ticket sales overseas.

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Ex-AOL exec calls Facebook new 'walled garden'

A former AOL executive says Facebook has a lot in common with the one-time online powerhouse.

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CBS 1Q beats Street on digital, overseas sales

CBS Corp. on Tuesday said its net income grew 80 percent in the first quarter, as revenue surged on digital licensing deals for its TV shows and overseas sales of reruns.

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1Q US home video spending up 2.5 percent

American spending on home videos rose 2.5 percent to $4.45 billion in the first quarter as the increasing popularity of subscription streaming plans and Blu-ray discs made up for falling DVD sales, according to the latest industry report.

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Yahoo to double Olympics presence in London

Yahoo plans to double its Olympics presence this summer, aiming to be the top website for the fourth straight Games.

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Providence to sell stake in Hulu for $200 million

A person familiar with the matter says Providence Equity Partners has agreed to sell its 10 percent stake in online video service Hulu for $200 million to other shareholders.

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Clark fortune estimated in 'hundreds of millions'

Dick Clark married music and television long before "American Idol." But his legacy extends well beyond the persona of the laid-back host of "American Bandstand" whose influence can still be seen on TV today.

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Hollywood warms to China's new openness

There's a new breach in China's great cultural wall and Hollywood is cautiously moving in.

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ScoreBig opens self to bigger audience with app

ScoreBig, an Internet startup that sells cut-rate tickets to sporting events and concerts, is trying to get bigger.

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CBS CEO Moonves' pay hits $68 million in 2011

CBS Corp. shares have been steadily rising over the last three years, and that has helped boost the pay of its chief executive, Leslie Moonves.

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Wal-Mart previews 'Disc to Digital' movie service

Wal-Mart Stores Inc. previewed its "Disc to Digital" service for converting DVDs into an online library on Wednesday. Based on my experience, I'd give it a six out of 10.

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'Battleship' leads attack of game-based movies

"Battleship" steams into movie theaters overseas this week, giving international audiences the first chance to decide whether a board game-based movie is sea-worthy.

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Newspapers erect pay walls in hunt for new revenue

Newspapers are returning to a business strategy that served them well in the heyday of street-corner newsboys shouting the front-page news. They're enticing people with a little free online content before asking them to pay up.

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AP revenue declines slow in 2011; seen up in 2012

The Associated Press said Tuesday that its revenue declined in 2011 for the third straight year, but the drop was significantly smaller than the previous two years.

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Once-warring actors unions finally merge

The nation's two actors unions have merged, nearly a decade after their last attempt, bringing an end to years of conflict that had given Hollywood studios the advantage in labor negotiations.

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Clear Channel to delay inserting ads into iHeart

Clear Channel CEO Bob Pittman says that the radio company will keep part of its iHeart Radio online service ad-free for at least a few more months, explaining that a consumer backlash against ads on Pandora Media Inc.'s competing service serves as a "cautionary tale."

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Clear Channel boss 'delighted' to have Limbaugh

Advertisers and some radio stations may have abandoned Rush Limbaugh for calling a Georgetown law student a "slut." But the CEO of the radio company that distributes Limbaugh's show, Clear Channel, says he's sticking with the conservative talk show host, calling him the "king" of radio.

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Lions Gate shares up on 'Hunger Games' huge debut

Lions Gate Entertainment seized a pot of gold.

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Zuiker to debut 'Cybergeddon' movie on Yahoo

"CSI" creator Anthony Zuiker is making a movie destined for the small screen.

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HTC's Beats by Dr. Dre in talks to buy MOG

Upscale headphone maker Beats by Dr. Dre is in talks to buy subscription music service MOG, a person familiar with the matter said Tuesday.

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China woos Hollywood studios with film fund

China extended its courtship of Hollywood on Wednesday, with government officials touting a new fund for co-financing movies.

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Pew: Newspapers can boost online sales with focus

Newspapers need to prioritize digital advertising sales if they expect to thrive, according to a Pew Research Center study released Monday.

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