Reuters - CBS Corp on Wednesday announced the launch of an online ad network focused on college sports, in a move to entice media buyers to spend more money with the television broadcaster by offering them a way to more effectively target young, male fans.

Reuters - Time Warner Inc will completely split with Time Warner Cable Inc by the end of the year, and receive a $9.25 billion payout, to separate its media content and distribution businesses.

Reuters - An entertainment joint venture formed by Viacom Inc, its Paramount Pictures unit, and film studios Metro-Goldwyn-Mayer Studios Inc and Lions Gate Entertainment Corp said on Monday that it hired former Showtime cable executive Mark Greenberg as its chief executive.

Reuters - Global information company Thomson Reuters Corp plans to cut 140 editorial jobs by the end of the year as its Reuters news service absorbs Thomson Financial News.

Reuters - The U.S. Securities and Exchange Commission on Monday charged eight former executives of AOL Time Warner, now known as Time Warner Inc, in a fraudulent scheme that overstated company advertising revenue by more than $1 billion.

Reuters - Democratic presidential candidate Barack Obama has promised more vigorous enforcement of antitrust law if elected, but antitrust experts said on Monday that the courts could trip him up.

Reuters - Expectations management goes out the window when a picture is considered a candidate for one of the biggest openings of all time.

Reuters - In a possible harbinger of more Hollywood labor unrest this year, a performers union that was expected to wrap up quick contract talks with the studios said Monday it had run into "challenging issues, and a resolution may not be quick or easy."

AP - Jimmy Kimmel knows how to deliver an industry joke with some sting, as he proved to advertisers getting a first look at ABC's fall schedule last week.