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.
Spotlight: Viacom
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.
Also:
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
