Accuracy in Media

On Tuesday, during the Viewpoints breakfast sponsored by The Wall Street Journal, CBS CEO Les Moonves said that while he was very happy with the current state of the news division, it isn’t a big contributor to the bottom line, but is good for the company’s image: We covered the election, and the election night […]

The news keeps getting gloomier for The Washington Post as the company announced that earnings in the 4th quarter dropped by 22%, with few signs of a rebound in sight. Excluding special items, the company reported that net income fell to $61.7 million from $79 million a year ago. Revenues declined 10% to $1.06 billion. […]

Disney released its earnings this week and it shows that while the company’s entertainment and cable properties are profitable and humming along, its broadcast division continues to be a drag on the company. The division, which consists of the ABC network and its eight ABC-owned affiliates, reported on Thursday a 7% decline in revenue and […]

The New York Times may have returned to profitability but the lingering economic slump continues to take a toll on the company, as it announced a plan to eliminate up to 20 newsroom positions and to reduce costs in the business units of the paper. Executive editor Jill Abramson said in a staff memo, as […]