Today in the news news: BusinessWeektells employees that it is “reorganizing,” in the sense of “you are fired”; China is tired of showing stupid American movies; and television, surprisingly, will only be getting worse.
The media giant's MTV Networks caved to a bunch of hippie freelancers waving homemade signs demanding health care. Then again, they're one of the only big media conglomerates whose stock was worth owning recently. And with MTV opening a new digital ad unit, hopefully they can put those hippie freelancers to work in an evil cause, as is the mission of media conglomerates in general.
Liveblogging the FCC ownership hearings
Nobody wants to read Barry Diller's corny jokes
Tribune plans to sell the Chicago Cubs to delay the inevitable spiral into bankruptcy