Edison Ballroom
Online ad firm ValueClick had previously warned investors that Q3 would be rough and its earnings report on Wednesday clearly bore that out: the company's GAAP net income was $2 million ($0.02 per diluted common share) down 88.1 from $16.8 million ($0.17 per diluted common share) fin Q307. Net income in the impacted by the completion of an offer to purchase up to 4.9 million stock options with exercise prices ranging from $25.66 to $29.73 per share. It was also impacted by certain tax adjustments.
[In progress] Beginning CBS (NYSE: CBS) Corp.'s Q3 earnings call, Sumner Redstone, the company's executive chairman, noted that CBS is operating in one of the worst economic periods in recent memory, but it continues to be in a strong position.
True to its warnings about lower earnings earlier this month, CBS (NYSE: CBS) Q3 net earnings from continuing operations came in with a loss of $12.46 billion, or a loss of $18.58 per diluted share, versus earnings of $340.2 million, or $.48
Cricinfo fans, look out: ESPN (NYSE: DIS) is fixed on an international rebranding drive. The US sports giant renamed 11-year-old Scrum.com "ESPNScrum.com" last week and will rebrand its European NASN TV channel "ESPN America" in February.
The dream of so many fanboys for such a long time has finally come true: Netflix (NSDQ: NFLX) and TiVo (NSDQ: TIVO) are marrying up....well, for now, dating and not yet exclusive. The two public companies are teaming up to provide Netflix online movie service onto their TiVos, and as a result onto their TVs.
Cathie Black and Tina Brown famously clashed over the ill-fated Talk magazine, which Brown edited and Black was involved in killing earlier this decade. It's clear from Brown's interview of Black today at our EconWomen conference that the pair continue to have divergent views about the magazine world.
We're still waiting for The Beatles to finally start selling the back-catalog online, but they look set to take one more step along the way Thursday. Their Apple (NSDQ: AAPL) Corps labels and MTV will announce "an exclusive agreement to develop a global music project" at 10am eastern time (2pm UK) - and everyone's expecting the Fab Four's tunes to be included in the Rock Band video game.
