Facebook Inc.’s 2013 earnings will be “significantly below” analysts’ estimates, said Richard Greenfield, an analyst at BTIG Research, citing the social- networking site’s struggles to get revenue from mobile users.
Richard Greenfield, an analyst who covers Zynga Inc., downgraded the maker of social games and apologized for overestimating earnings after the company reported revenue and profit that missed projections.
Netflix Inc. Chief Executive Officer Reed Hastings, who drew regulatory scrutiny with a Facebook post on usage gains, is raising hackles again with plans for a moderated videocast instead of a quarterly earnings call.
CBS Corp. programming returned to Time Warner Cable Inc. in time for the start of the National Football League season, as the companies ended a one-month dispute that blocked service to pay-TV subscribers in New York, Los Angeles and Dallas.
Rupert Murdoch bowed to investor pressure to split his six-decade-old publishing business from the rest of News Corp.’s media empire. Now it’s time for the newspaper unit to prove it can make it on its own.