American Idol News
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News Corp.’s Fox broadcast network is almost finished negotiating advance advertising commitments that fell to about $1.75 billion for the coming television season, said a person with knowledge of the situation.
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News Corp.’s Fox broadcast unit said its reality-TV chief Mike Darnell has decided to step down after 18 years at the network as audience ratings decline for “American Idol,” its most-watched program.
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The owner of Elvis Presley’s Graceland and Muhammad Ali Enterprises have put the two celebrities’ images and rights up for sale, according to a person with knowledge of the situation.
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Randy Jackson, the only judge to appear on Fox’s “American Idol” for each of its 12 years, said he will leave the pioneering talent show at season’s end.
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News Corp.’s Fox Broadcasting unveiled nine prime-time programs for the 2013-2014 season, shaking up a schedule that has fallen into second place among key viewers after once dominating the ratings.
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News Corp., the Rupert Murdoch-led media company planning to split in two, rose the most in more than 10 months after third-quarter profit beat analysts’ estimates.
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Stocks rose, sending the Standard & Poor’s 500 Index to a record for a fifth day, amid better-than- projected earnings forecasts. European shares and metals gained as China’s trade and German industrial output beat estimates.
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U.S. stocks rose, after the Dow Jones Industrial Average climbed above 15,000 for the first time yesterday, as earnings forecasts from Whole Foods Market Inc. and Electronic Arts Inc. beat analyst estimates.
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By Ronald Grover May 13 (Bloomberg Businessweek) -- Kevin Reilly, Fox Broadcasting's entertainment president, is racing to find new shows. His worry is that the network's buoyant ratings could sink once Simon Cowell, the caustic talent judge and star of American Idol, leaves the successful singing competition this month after nine seasons. The Fox programming chief wants to remake a network that has relied on Idol, hour-long dramas, and cartoon comedies to lead in the crucial 18-to-49-year-old viewer category for almost six years. In addition to Cowell's exit from Idol, TV's most watched show, Fox is losing Kiefer Sutherland and his popular thriller, 24. The network needs fresh fare, especially because 18-to-49 ratings for both Idol and a medical drama, House, are slumping. Reilly, 47, insists he welcomes the challenge. "It's a high-class problem to have," he says. "The shows are still very
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News Corp., Rupert Murdoch’s media company, fell the most in almost three months after cutting its profit forecast because of declining ratings for shows such as “American Idol” and “X Factor.”
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