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Articles Written by: BRIAN GARRITY
General 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 funding. Betsy Lazar, GM executive director of advertising and media ...
From BRIAN GARRITY,
New York Post,
15 Nov 2008
Radio 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 - particularly during work hours - was reported this week by industry ...
From BRIAN GARRITY,
New York Post,
14 Nov 2008
Video-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 - every major player got walloped, led by Electronic Arts, which ...
From BRIAN GARRITY,
New York Post,
13 Nov 2008
Shares 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 about the sale prospects for the publisher of the "Mortal Kombat" ...
From BRIAN GARRITY,
New York Post,
12 Nov 2008
A 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 theme parks business got dinged by the weakening economy and its ...
From BRIAN GARRITY,
New York Post,
7 Nov 2008
News 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. 30 fell to $515 million, or 20 cents per share, from $732 ...
From BRIAN GARRITY,
New York Post,
6 Nov 2008
Fresh 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 Time Warner. Ahead of both Time Warner's and Time Warner Cable's scheduled ...
From BRIAN GARRITY,
New York Post,
5 Nov 2008
Video-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 that sales of "Rock Band 2" and "Guitar Hero: World Tour," this ...
From BRIAN GARRITY,
New York Post,
1 Nov 2008
Electronic 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 distributor of the popular "Rock Band" video game said it will ...
From BRIAN GARRITY,
New York Post,
31 Oct 2008
Warner 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 firms.
Since 2004, Warner and its private-equity backers, ...
From BRIAN GARRITY,
New York Post,
27 Oct 2008
