Discovery Communications, which owns networks like the Discovery Channel, TLC, the Oprah Winfrey Network and Animal Planet, is planning to acquire Scripps Networks Interactive for nearly $12 billion. Scripps owns HGTV, the Food Network, the Cooking Channel and the Travel Channel, among other brands. When combined, the two companies command...
Sony's fiscal first quarter profit nearly quadrupled from a year earlier, boosted by its lucrative image sensor and other businesses and highlighting a gradual recovery at the Japanese electronics and entertainment company. Sony Corp. reported Tuesday an 80.9 billion yen ($735 million) April-June profit, up dramatically from 21.2 billion yen...
Apple is about to close a deal with director Steven Spielberg to revive his Emmy award-winning series Amazing Stories for Apple TV. With it, Apple is entering a world in which Netflix has been a leader. But now, new competitors to Netflix are emerging at a surprising speed. It was just 2013...