Dennis Goodman watches about three hours of golf on television every weekend, regardless of who’s playing. He even bought a ticket to see a practice round in person at this week’s PGA Championship in Rochester, New York.
CBS Corp., owner of the most-watched U.S. TV network, was approached by bankers interested in finding buyers for its billboard unit and agreed to listen to proposals, said a person with knowledge of the situation.
Kenneth Feinberg , the paymaster at companies rescued by the U.S. Treasury, recently cut cash compensation for executives at American International Group Inc. and General Motors Co. He said some companies are buying into his credo of pay tied to performance.
Time Warner Cable Inc. is threatening to drop CBS from its position as the first broadcast station on its TV menu unless the entertainment company agrees to seek a lower fee increase for its programming.
CBS Corp.’s broadcast network has almost completed negotiations for prime-time advertising commitments totaling about $2.7 billion for the coming TV season, said a person with knowledge of the situation.
American Tower Corp.’s stock has climbed 21 percent since it converted to a real estate investment trust at the beginning of the year, making it the second-biggest REIT in the U.S. Unlike most REITs, including No. 1 Simon Property Group Inc., it doesn’t own shopping malls, office buildings, apartments or warehouses.
With AMC Networks Inc.’s ability to persuade cable- and satellite-TV companies to carry its channels under threat, there’s never been a better time for the controlling Dolan family to sell the business.