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Idle Chatter Bad Day To Own Media Stock

Mixed Media

by Jeff Bercovici
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Nov 20 2008 8:35am EDT

Idle Chatter: Bad Day to Own Media Stock

-Steve Ballmer says there's no way Microsoft is going to buy Yahoo, ever, ensuring it will be at least two weeks before the subject comes up again. [WSJ]

-The stock prices of CBS, Viacom and News Corp. all hit five-year lows yesterday. [Huffpo]

-Time Inc. has reportedly laid off more than half the editorial staff of Time Europe. [Gawker]

-Lifetime is counter-suing NBC Universal and the Weinstein Co. in hopes of getting Project Runway back on the air sometime before Memorial Day. [Reuters]

-60 Minutes is enjoying its strongest ratings in eight years, largely because other networks are pulling back from producing their own pricey newsmagazine shows. [NYT]

-Katie Couric is aware that people in Alaska have access to reading materials. [Late Show via Gawker]. □

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