Billionaire John Malone has set his succession plans in motion by giving the chief executive officers of Discovery Communications Inc. and Liberty Global Plc the right to buy his stakes should he decide to sell.
Oprah Winfrey , who parlayed a Chicago talk show into a multibillion-dollar media empire, said goodbye to her 25-year-old afternoon TV program in a reflective final broadcast without guests, surprises or giveaways.
“American Hustle,” a retelling of a 1970s FBI sting, was nominated for 10 Academy Awards, including best picture, tying the space thriller “Gravity” as Hollywood prepared to hand out its highest honors.
Lance Armstrong said he cheated by using drugs during his cycling career, ending 13 years of denials and turning the seven-time Tour de France champion and cancer survivor from one of the world’s most revered athletes to as big a fraud as sports has ever seen.
Discovery Communications Inc. Chief Executive Officer David Zaslav stands to make more than $110 million in compensation in 2014, the first year of a new contract that keeps him at the cable-network giant through 2019.