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| CBS chief dismisses Time Warner Cable offer as empty PR Tuesday, Aug 06, 2013 07:14 PM PDT  By Liana B. Baker (Reuters) - CBS Corp on Tuesday rejected the latest proposal by Time Warner Cable Inc to end its blackout of the TV network in major cities in a dispute over fees and dismissed it as a "public relations gesture." Even though both sides urged a return to the negotiating table after weeks of discussions, talks seemed to have broken down, affecting more than 3 million Time Warner Cable customers in New York, Los Angeles, Dallas and other cities. ... Full Story | Top |
| Disney projects up to $190 million 'Lone Ranger' loss Tuesday, Aug 06, 2013 07:04 PM PDT  By Lisa Richwine LOS ANGELES (Reuters) - Walt Disney Co expects to lose between $160 million and $190 million on its expensive summer movie bomb "The Lone Ranger," the media giant said on Tuesday as it reported a small gain in quarterly profit that beat Wall Street forecasts. The loss for "The Lone Ranger," a Western starring Johnny Depp, will be recorded for the quarter that ends in September, Chief Financial Officer Jay Rasulo said on a conference call with analysts. Disney shares dropped 1.9 percent in after-hours trading to $65.79 from a $67.05 close on the New York Stock Exchange. ... Full Story | Top |
| Fox reports higher revenue, profit on rise in cable Tuesday, Aug 06, 2013 03:38 PM PDT By Jennifer Saba (Reuters) - Rupert Murdoch's newly separated 21st Century Fox reported higher revenue and profit because of growth at its cable operations including Fox News and its regional sports networks. Investors had been waiting for years for Murdoch to split News Corp, giving its cable, movie and equity stakes in pay-TV assets their own spotlight away from the publishing division. ... Full Story | Top |
| Tax rules could force Bezos to play active role at Washington Post Tuesday, Aug 06, 2013 03:19 PM PDT  By Patrick Temple-West WASHINGTON (Reuters) - If tax considerations played a role in Jeff Bezos' $250 million purchase of The Washington Post, he may need to reconsider his hands-off approach if he hopes to offset gains from other ventures with losses at the newspaper. In announcing the deal on Monday, the 49-year-old multibillionaire founder and chief executive of Seattle-based Amazon.com Inc told Post staff in an open letter: "I won't be leading The Washington Post day-to-day." Bezos will stay in Seattle where he will focus on his day job as head of the world's largest online retailer. ... Full Story | Top |
| 'Deep Throat' production company sues over 'Lovelace' film Tuesday, Aug 06, 2013 03:11 PM PDT By Nate Raymond NEW YORK (Reuters) - The production company that owns the rights to the pornographic movie "Deep Throat" filed a lawsuit on Tuesday to block distribution of the upcoming movie "Lovelace," a biography of the adult film's star. Arrow Productions Ltd, the owner of the rights to the 1972 film, filed a $10 million copyright lawsuit in U.S. District Court in Manhattan against the producers of the movie, starring Amanda Seyfried, and its distributor, The Weinstein Company. ... Full Story | Top |
| Actor Dustin Hoffman undergoes cancer treatment: publicist Tuesday, Aug 06, 2013 03:09 PM PDT  LOS ANGELES (Reuters) - Actor Dustin Hoffman has undergone treatment for cancer, the Oscar-winner's publicist confirmed on Tuesday. Hoffman's publicist, Jodi Gottlieb, declined to say what kind of cancer or when the "Tootsie" star was diagnosed. The news was first reported by People Magazine, where Gottlieb said the cancer had been "detected early and he has been surgically cured." The 75-year-old actor is set to undergo further preventative treatments to protect against the cancer returning, People reported. Hoffman, who won the best actor Oscar for his roles in 1979's "Kramer vs. ... Full Story | Top |
| Comedian Bob Hope's furniture, memorabilia to be sold at auction Tuesday, Aug 06, 2013 01:53 PM PDT  NEW YORK (Reuters) - Furniture, art and memorabilia from the estate of U.S. comedian Bob Hope, including presidential books and photographs, will be sold at live and online auctions next month, Julien's Auctions in Beverly Hills, California, said on Tuesday. Hope, whose career in vaudeville, radio, film and television spanned six decades, died at age 100 in 2003. The actor and singer starred in dozens of films, including a series of "Road" movies with actor Bing Crosby, hosted television specials and entertained U.S. ... Full Story | Top |
| Meryl Streep, Robert De Niro to star in film of 'The Good House' Tuesday, Aug 06, 2013 01:32 PM PDT  NEW YORK (Reuters) - Oscar winners Meryl Streep and Robert De Niro, who last appeared together on screen nearly 20 years ago in "Marvin's Room," will star in the film adaptation of Ann Leary's best-selling novel "The Good House," its producers said on Tuesday. It will be the fourth film for the pair, who also worked together in the 1978 war drama "The Deer Hunter" and 1984's romantic tale "Falling in Love." Streep, 64, will play New England realtor Hildy Good, a not-so recovering alcoholic, opposite De Niro, 69, as her rekindled old flame Frank Getchell. ... Full Story | Top |
| Loeb wants Sony to lay out specific goals for entertainment unit Tuesday, Aug 06, 2013 01:18 PM PDT  By Katya Wachtel NEW YORK (Reuters) - Hedge fund manager Daniel Loeb expects Sony Corp to lay out a specific improvement plan and set financial targets for its entertainment business before the company's annual general meeting next May, according to a source close to the hedge fund. Loeb views Sony's announcement on Tuesday as a "good outcome" even though the Japanese company rebuffed his hedge fund's proposal to spin off its movies, television and music business, said the source, who spoke on condition of anonymity. ... Full Story | Top |
| U.S. novelist Elmore Leonard hospitalized following stroke Tuesday, Aug 06, 2013 12:53 PM PDT LOS ANGELES (Reuters) - U.S. novelist Elmore Leonard, known for gritty crime dramas including "Get Shorty," has been hospitalized in the Detroit area after suffering a stroke last week, the author's longtime researcher said Tuesday. The 87-year-old crime writer, who is also known for film adaptations of his works "Out of Sight" and "3:10 to Yuma," suffered a stroke on July 29, researcher Gregg Sutter Said. Sutter said Leonard's condition has steadily improved over the past week. ... Full Story | Top |
| CBS chief slams Time Warner Cable, calls offer a "gesture" Tuesday, Aug 06, 2013 12:27 PM PDT  By Liana B. Baker (Reuters) - CBS Corp Chief Executive Leslie Moonves on Tuesday rejected the latest proposal by Time Warner Cable Inc to end its blackout of the network and dismissed the cable company's offer as a "public relations gesture." Even though both sides urged each other to return to the negotiating table, talks seemed to have broken down, affecting more than 3 million Time Warner Cable customers in New York, Los Angeles and Dallas. ... Full Story | Top |
| Sony rejects Loeb's proposal to spin off entertainment unit Tuesday, Aug 06, 2013 11:48 AM PDT  By Mari Saito TOKYO (Reuters) - Japan's Sony Corp on Tuesday rejected a proposal from activist shareholder Daniel Loeb to partially spin off its entertainment business but the billionaire investor vowed to keep talking with the company and to explore other options. Sony said it could still squeeze synergies from its decades-old marriage of content and hardware and promised more disclosure in its entertainment operations. ... Full Story | Top |
| Jazz keyboardist George Duke dead at 67 Tuesday, Aug 06, 2013 11:29 AM PDT  LOS ANGELES (Reuters) - Grammy-winning jazz keyboardist and producer George Duke, best known as a pioneer of fusion jazz and for his collaborations with rock musician Frank Zappa, has died, his publicist said. He was 67. Duke, who died on Monday night in Los Angeles, had been suffering from chronic lymphocytic leukemia, publicist Mike Wilpizeski said. Duke, known for embracing synthesizers and fusing jazz with other genres such as rock and funk, began his career in the mid-1960s after joining San Francisco's Half Note jazz club's house band, which was fronted by singer Al Jarreau. ... Full Story | Top |
| Amazon's Bezos to buy the Washington Post for $250 million Tuesday, Aug 06, 2013 10:19 AM PDT  By Jennifer Saba (Reuters) - Amazon.com Inc founder Jeff Bezos will buy the Washington Post newspaper for $250 million in a surprise deal that ends the Graham family's 80 years of ownership and hands one of the country's most influential publications to the businessman whose Internet company has transformed retailing. Bezos, hailed by many as technology visionary, called his acquisition a personal endeavor and reassured employees and readers of the 135-year-old newspaper he will preserve its journalistic tradition, while driving innovation. ... Full Story | Top |
| Beady Eye cancels shows after guitarist Archer hospitalized Tuesday, Aug 06, 2013 08:23 AM PDT LONDON (Reuters) - Gem Archer, guitarist of British singer Liam Gallagher's band Beady Eye, has been hospitalized for "severe head trauma" after an accident last Thursday evening, according to a statement posted on the band's website. Archer is stable but being kept under observation in a British hospital. The band have canceled their shows this week in Belgium and Japan. His family and friends "hope to see him back on his feet soon", according to the statement on Monday, which said that an update on Archer's condition will be posted on the website. ... Full Story | Top |
| Bradley Manning play scoops British drama award Tuesday, Aug 06, 2013 05:35 AM PDT  By Ian McKenzie EDINBURGH (Reuters) - A play about Bradley Manning, the U.S. soldier convicted by a military judge last week for passing classified information to anti-secrecy website WikiLeaks, has won a newly created drama prize at Britain's oldest literary awards. Welsh playwright Tim Price's "The Radicalisation of Bradley Manning" became the first winner of the 10,000-pound ($15,300) James Tait Black Prize for Drama at an awards ceremony in the Scottish capital on Monday evening. The play tracks the U.S. ... Full Story | Top |
| 'Percy Jackson' sequel hopes to lure in bigger U.S. audience Tuesday, Aug 06, 2013 05:01 AM PDT By Zorianna Kit LOS ANGELES (Reuters) - When the first "Percy Jackson" film came out in 2010, the comparisons with "Harry Potter" were inevitable: the two were based on novels about kids with powers and the first films in both franchises were directed by Chris Columbus. But "Percy Jackson & the Olympians: The Lightning Thief" fell short of "Harry Potter"-like success, particularly in the United States. Now, with "Percy Jackson: Sea of Monsters" opening this week, Columbus gets a new chance to show that Percy can be like Harry, both in box office and fan appeal. ... Full Story | Top |
| For the Grahams of the Post, stewardship was the mission Tuesday, Aug 06, 2013 04:18 AM PDT  By Fred Barbash WASHINGTON (Reuters) - For years, the Graham family, owners of the Washington Post, would fly two dozen senior editors to a luxury resort in Puerto Rico, where they would mingle with then-chairwoman Katharine Graham and listen to her son, Donald Graham, talk about the need to cut expenses. As they headed for the hotel casino or to the golf course few editors could take Graham's warnings seriously. They also knew that when the big story broke, they would be told personally by Graham to mobilize without regard to cost. ... Full Story | Top |
| Anime master Miyazaki's new film sounds a warning for Japan Monday, Aug 05, 2013 11:50 PM PDT  By Elaine Lies TOKYO (Reuters) - Hayao Miyazaki's new film is already a box office hit but its themes about the dangers of nationalism and war have set up the Oscar-winning animator for unprecedented criticism. "The Wind Rises", which debuted at the top of the Japanese box office last month and has a competition slot at the upcoming Venice Film Festival, is based on the man who designed Japan's feared Zero fighter plane used in World War Two. Commentators see it as a veiled warning that Japan may again be heading in a similar direction. ... Full Story | Top |
| Third Point says to keep talking with Sony, explore options Monday, Aug 05, 2013 10:52 PM PDT  TOKYO (Reuters) - New York-based hedge fund Third Point, led by billionaire Daniel Loeb, said on Tuesday it would continue talking with Sony Corp and explore further options after the electronics maker's board rejected a proposal to partially list its entertainment arm. "Third Point looks forward to an ongoing dialogue with management and intends to explore further options to create value for Sony shareholders," the fund said in a statement. ... Full Story | Top |
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