Brian Garrity
The Archive
DESPERATE DETROIT SENDS SOS
November 15, 2008 | 9:48amGeneral Motors is so desperate to avoid bankruptcy that the beleaguered auto giant has turned to anyone and everyone who'll listen for help in selling Congress on giving Detroit rescue...
BACK TO EARTH FOR WEB RADIO
November 14, 2008 | 9:50amRadio station groups are grabbing growing numbers of listeners online as Web giants Yahoo! and AOL flinch at the costs associated with streaming music. That move into digital radio -...
COLD REALITY FOR VIDEO GAMES
November 13, 2008 | 9:11amVideo-game companies' shares took a pounding yesterday amid growing anxiety of a humbug holiday. Amid a broad market sell-off - and fresh negative predictions of a gloomy fourth quarter -...
REDSTONE'S MIDWAY GAMES RECEIVING A BRUTAL BEATING
November 12, 2008 | 9:53amShares in struggling Midway Games Inc. - media mogul Sumner Redstone's pricey gamble on the video game business - yesterday sank to a fresh all-time low amid growing investor worry...
STEP 2.0: PROFITS
November 9, 2008 | 9:37amIt's a dilemma that even a whiz kid like Facebook's Mark Zuckerberg might not be able to figure out: How can a Web site make money as online display advertising...
RECESSION THEME
November 7, 2008 | 9:37amA slowing economy has finally caught up with the Mouse House. Walt Disney Co. yesterday posted a 13 percent drop in fiscal fourth-quarter profit to $760 million as its once-bulletproof...
NEWS CORP. SALES UP 6.3% TO $7.5B
November 6, 2008 | 9:52amNews Corp.'s fiscal first-quarter revenue jumped 6.3 percent to $7.5 billion driven by gains in its cable, satellite, newspaper and online operations. Net income for the three months ended Sept....
TW'S DEBT PENALTY
November 5, 2008 | 10:43amFresh worries are emerging that Time Warner Cable may be loading up on too much debt to finance a one-time $9.25 billion dividend associated with its pending spin-off from parent...
MUSIC GAMES HIT BAD NOTE
November 1, 2008 | 9:00amVideo-game executives cheering for an encore of last Christmas' consumer rush on pricey music titles "Rock Band" and "Guitar Hero" may be in for a disappointment this year. Analysts warn...
EA TO CUT 6% AMID DIMMING OUTLOOK
October 31, 2008 | 7:23amElectronic Arts will slash 6 percent of its workforce amid an expanded second-quarter loss and growing uncertainty about the video game industry's ability to grow in a weak economy. The...
MTV PUTS BEATLES IN 'BAND'
October 30, 2008 | 7:56amVideo game fans will soon be able to form their own version of Sgt. Pepper's Lonely Hearts Club Band. MTV is expected to announce today that it is developing a...
FRUGAL GOOGLE CUTS PERKS
October 30, 2008 | 7:56amGoogle is going on a diet when it comes to spending on a smorgasbord of food perks for employees living high on the hog in its New York office. The...
WAL-MART HAMMERS APPLE'S ITUNES
October 29, 2008 | 7:59amWal-Mart is lowering the bar in an escalating pricing battle in digital music. The retail giant unwrapped an updated version of its digital music store at walmart.com yesterday, offering its...
GOOGLE, AUTHORS WIN
October 29, 2008 | 7:59amGoogle is coughing up $125 million to US authors and publishers for the right to include excerpts from over 4 million out-of-print books in its online search results. The pact...
LESSON FOR LABELS IN FRONT LINE STAKE SALE
October 27, 2008 | 7:36amWarner Music Group's decision last week to sell its stake in Front Line Management to Ticketmaster is raising new questions about the future of record labels buying stakes in artist-management...
HANDS: EMI LOSS WAS THEIR FAULT
October 25, 2008 | 8:28amTerra Firma boss Guy Hands and his lieutenants have a message for investors in troubled music giant EMI: Don't blame us for the financial mess. As Terra Firma reported a...
AZOFF PUNCHES HIS NEW TICKET
October 24, 2008 | 8:29amMusic industry power broker Irving Azoff has bigger ambitions than winning a ticketing turf war with Live Nation as he assumes control of Barry Diller's Ticketmaster as its new chief...
DIVIDED LOYALTIES
October 23, 2008 | 8:17amMedia titan Sumner Redstone's reputation as a stickler for strong corporate governance at Viacom and CBS is coming under fire as his personal problems grow. Media watchers and Wall Street...
'BURNED' BY MARTS
October 22, 2008 | 8:08amThe stock slide of Hollywood mini-major Lionsgate Entertainment has turned into a bloodbath for the studio's vice chairman, Michael Burns. Burns was forced to sell off 25 percent of his...
APPLE SETS ITS SIGHTS ON A NEW RIVAL: RIM
October 22, 2008 | 8:08amForget Microsoft and the "I'm a Mac, and I'm a PC" debate. Apple Inc. boss Steve Jobs has a new rival he's calling out in the media: iPhone rival Research...