| Feb 19, 2014
| 4:18 PM
Millennial Media lost $3.8 million despite a surge to $96.7 million in revenue in the fourth quarter of 2013, with both results beating analysts' expectations, but shares fell in after-hours trading on shaky expectations going forward.
| Jan 29, 2014
| 12:30 PM
A year ago, financial services giant Guggenheim Partners trumpeted an ambitious new strategy, with visions of creating a powerhouse in the digital media and entertainment space.
The firm, which claims to have more than $190 billion in assets under its...
| Jan 17, 2014
| 8:09 AM
In a New York Times story about the firing of Yahoo chief operating officer Henrique de Castro, there appears the following passage:
"In the end, the whole misadventure might not matter unless [Yahoo CEO Marissa] Mayer is able to redirect the company...
| Jan 14, 2014
| 4:30 PM
Guggenheim Digital Media executive VP Zander Lurie, hired a year ago by CEO Ross Levinsohn to pursue media deals, confirmed that he is leaving the company.
Lurie, formerly CBS's senior VP of strategic development, said in an email that he is departing,...
| Jul 13, 2013
| 6:00 AM
The Hulu divorce has been called off.
After months of fielding offers from would-be buyers for the popular online video site, owners 21st Century Fox Inc., Walt Disney Co. and NBCUniversal decided Friday to cancel the sale.
Instead, they said, they...
| Jul 23, 2013
| 4:30 PM
Ross Levinsohn, CEO of Guggenheim Digital Media, said he was disappointed his company didn't end up getting its hands on Hulu -- but that he wasn't surprised the triumvirate of media congloms that own the Internet TV site decided to hold on to it.
| May 23, 2013
| 2:24 PM
The first round of bids were due this week for Hulu, the popular online TV service whose prospective sale has attracted interest from digital media players as well as cable operators.
An initial bid has been submitted by the Chernin Group, a next-...
| May 23, 2013
| 5:35 PM
The initial bids are in for online media's most talked-about sale: Hulu.
The online video site, which is jointly owned by News Corp., Walt Disney Co. and Comcast Corp.'s NBCUniversal, attracted bids this week from two of Hollywood's digital media power-...
| Jan 17, 2013
| 7:46 PM
Television executive Peter Liguori was named the new chief executive of Tribune Co. Thursday, taking the reins of the reorganized Chicago-based media company weeks after its emergence from bankruptcy.
In a widely expected announcement, Liguori, 52, a...