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Mediaset's shares fell 12% after controlling shareholder Berlusconi said he would resign as Italy's prime minister, and the company posted lackluster third-quarter results.
Some merchants are grumbling about Groupon, which doesn't share revenue from daily-deal coupons for 60 days, hurting their cash flow while helping that of the Internet start-up.
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Discovery Communications said chief operating officer Peter Liguori is leaving. He helped launch OWN: the Oprah Winfrey Network.
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Eddie Murphy withdrew as the host for the Academy Awards, one day after the producer he would have worked with dropped out, under fire for a gay slur. The high-profile show is now without an emcee and one of its co-producers less than four months from the air date.
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U.K. publisher Hodder & Stoughton is withdrawing spy novel "Assassin of Secrets" because the book "contained numerous plagiarized passages. The U.S. publisher recalled its copies on Tuesday.
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Director Brett Ratner resigned as co-producer of next year's Oscars telecast after making an anti-gay slur during a public interview.
News Corp. said its U.K. newspaper unit ordered surveillance of two lawyers representing victims of a now-closed tabloid's illegal news-gathering tactics, and called the surveillance "deeply inappropriate."
Major League Baseball and Dodgers owner Frank McCourt have agreed to a structure for the auction of one of the game's most-storied franchises. The deal allows for separate bids for the team and the future media rights to its games.
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Best Buy is joining rivals Target, Macy's and Kohl's in saying it will open at midnight on the night of Thanksgiving, pushing the "Black Friday" shopping frenzy up by many hours.
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Apple awarded a host of senior executives lucrative stock-option grants, as the company seeks to retain its senior bench after the death of co-founder Steve Jobs.
Google is considering a plan to offer paid cable-TV services to consumers, a move that could unleash a new wave of competition within the traditional TV business. Such a project could be tested in Kansas City, where an internet project is already in the works.
Amazon is launching a digital-book lending library that will be available only to owners of its Kindle and Kindle Fire devices who are also subscribers to its $79-a-year Amazon Prime program.
Facebook is under pressure to grow its advertising on a grand scale. But big brands have found they can reach a target audience at a steep discount through what's akin to word-of-mouth campaigns that spring from free Facebook pages.
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Rivals Netflix and Amazon unveiled separate deals with Disney to license movies and TV shows that will broaden offerings to their subscribers.
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A tough job market for young adults and soaring meat and dairy costs are wreaking havoc on some midsize chains such as Friendly's, Chevys and Quiznos.
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MGM Resorts and Boyd Gaming entered separate agreements with an online-gaming company in anticipation of U.S. legalization of online poker.
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YouTube announced the creation of around 100 online video "channels" on its YouTube website that will have programming involving celebrities such as such as Madonna, Jay-Z, Ashton Kutcher and Shaquille O'Neal.
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Barnes & Noble will double the size of its Nook boutiques in 40 of its most productive stores nationwide over the next few weeks in time for the holiday selling season.
With 50 novels published and 350 million books sold, Stephen King is taking a chance on a new genre: historical fiction.
Amid the NBA's lockout, players are seeking revenue streams outside the league. Talks are under way over proposed exhibitions in London, Australia and China.
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Vivendi's Universal Music Group is in advanced talks to buy EMI Group's recorded-music unit from Citigroup, moving to the head of the pack in the auction.
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The EMI Group auction appears finally to be near an end, but the real excitement may be in the encore.
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Discovery Communications said chief operating officer Peter Liguori is leaving. He helped launch OWN: the Oprah Winfrey Network.
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New York Times said its top digital executive, Martin Nisenholtz, is retiring at the end of the year. Mr. Nisenholtz, 56, oversaw the paper's transition to a digital pay model earlier this year.
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Andy Rooney was America's bemused uncle, spouting homespun wisdom weekly at the end of "60 Minutes."
Steve Jobs downplayed the seriousness of his cancer for years even as he received secret treatments, biographer Walter Isaacson told "60 Minutes."
Apple has dropped the price of its cheapest iPhone to $0, hoping to score with price-conscious consumers who have tended to favor phones based on Google's Android software, while makers of Android phones are starting to aggressively pursue business customers, which have flocked to the iPhone.
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A dispute between Sen. Marco Rubio, a Cuban-American Republican from Florida, and Univision could complicate the GOP's efforts to reach out to Latinos.
For years, gefilte fish has been part of the Jewish holidays. But the owners of Manischewitz are hoping to spice things up. One idea: Moroccan fish balls.
What do you get by combining Kanye West, remote-controlled angel wings, and ornate choreography? It's not the rapper's short film, but the 2011 Victoria's Secret Fashion Show.
Ridley Scott discusses his new television series, "Prophets of Science Fiction," and how Philip K. Dick viewed the world.
Last night, former President Bill Clinton discussed his new book, “Back to Work: Why We Need Smart Government for a Strong Economy,” with his daughter Chelsea at the New York Historical Society.
Eddie Murphy has quit his post as host of the coming Academy Awards one day after co-producer Brett Ratner withdrew from the telecast.
When Jay-Z and Kanye West arrived and kicked off their Madison Square Garden show atop two cube risers with video projections of vicious sharks, it was a sign that they were ready to absorb a stadium's worth energy and give it right back.