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Big media buy back shares with cable TV cash (Reuters) Reuters - Big U.S. media companies bought back record amounts of their own shares in the last year, with cash generated by cable television networks that drew strong viewership and advertising dollars despite the economic uncertainty.




NBCU airing late-night encore of "Smash" (Reuters) Reuters - NBCUniversal cable networks will join together tonight for a late-night encore of NBC's new musical drama "Smash," following up on its strong debut Monday.


ESPN falls to third in online sports site rankings (Reuters) Reuters - Yahoo Sports remained the most popular U.S. online sports site in January, but the most eye-catching news was ESPN.com falling to third place behind FoxSports.com.


Billy Connolly to play dwarf warrior in "The Hobbit" (Reuters) Reuters - Peter Jackson has chosen Billy Connolly to play a great dwarf warrior in New Line's two "The Hobbit" movies, thus completing the casting of both films, the director said Wednesday.


Univision, ABC seek to launch Hispanic news network (Reuters) Reuters - A joint venture by ABC and Univision to launch an English-language cable news channel catering to the growing Hispanic market is expected to launch before the fall election, individuals with knowledge of the deal told TheWrap.


Viacom, Taylor Swift partner for "Hunger Games" launch (Reuters) Reuters - Viacom and Taylor Swift have partnered for MTV's first global music video premiere, presenting the debut of Swift's "Safe & Sound" music video from "The Hunger Games" soundtrack across the Viacom Music Groups' many channels and platforms.


CNN suspends Roland Martin over anti-gay tweets (Reuters) Reuters - Cable TV network CNN said on Wednesday it has suspended commentator Roland Martin over a series of Twitter remarks during the Super Bowl game that offended America's gay community.


Time Warner beats forecasts, shares up (Reuters)

Cast members Rupert Grint (R), Daniel Radcliffe and Emma Watson (L) arrive for the premiere of the film Reuters - Time Warner Inc posted better-than-expected quarterly profit on Wednesday, helped by its cable networks and the last installment of its Harry Potter movie franchise.





Washington Post to reduce newsroom headcount: memo (Reuters) Reuters - The Washington Post Co will offer voluntary buyout to some of its newsroom employees as it seeks to reduce headcount and save costs, an internal memo showed.


Meryl Streep Oscar email angers voters, but it's legal (Reuters) Reuters - A Weinstein Company email that appears to skirt AMPAS campaign rules by using a third party to reach Oscar voters has stirred up anger among Academy members and rival campaigners.


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