Time Warner Cable has signed up 20,000 customers for HD service in New York City, or 4% of its digital subscribers. While consumers aren't buying many HD sets, they are showing a good deal of interest, retailers say.
Cablevision Systems reported second-quarter net income of $222 million, compared with a year-earlier loss of $187.1 million. The MSO said it added 114,000 new customers to its digital phone service and 20,000 basic cable subscribers.
The number of black characters or black-focused shows on TV has grown, a fact not gone unnoticed by advertisers. A report says the number of alcohol ads on shows that appeal to blacks has grown in tandem with the rise in black characters on TV.
A big-name star was once almost a sure-fire way to ensure a good return on investment in entertainment, but industry executives are turning away from high-priced celebrities in favor of novel concepts and slick marketing. Celebrity culture will endure, but reality programming has filled the gap.
John Malone's Liberty Media, film studio Metro-Goldwyn-Mayer, General Electric, oil tycoon Marvin Davis and Edgar Bronfman Jr., submitted bids for Vivendi Universal's entertainment assets. Liberty Media is viewed as a frontrunner because it has a large pool of cash. Absent from the bidding was Viacom, which reportedly is interested mainly in the Sci Fi channel.