Are Fox News and MSNBC Mirror Images?

When News Corp. made high-profile donations to Republican organizations, liberals were outraged, saying it proved that Fox News Channel is a front for the Republican Party. On the opposite side of the political aisle, the same …

Time Warner Earnings Fall on Charge, but Top Estimates

Media giant Time Warner (TWX) reported Wednesday its third-quarter earnings fell 21% as the company took a hefty charge. Adjusted earnings, however, rose, handily topping analysts’ estimates as revenue increased. The company also raised its 2010 earnin…

‘The Hobbit’ Gets $25 Million to Stay in New Zealand

After filmmakers last week threatened to shoot “The Hobbit” films elsewhere, New Zealand has come up with $25 million in incentives to keep production in the country. The prequels to the “Lord of the Rings” trilogy, which also …