Reuters - Sumner Redstone, chairman of media company Viacom and broadcaster CBS, said his daughter Shari was no longer heir-apparent to his conglomerate and she would leave its board as part of a deal he reached with her, The New York Times reported on its website on Thursday.

Reuters - A day after losing a bid to scuttle a rival union's new labor contract with Hollywood's studios, Screen Actors Guild leaders insisted on Wednesday they were determined to negotiate a better deal, despite the studios' assertion that bargaining is over.

Reuters - NBC Universal Chief Executive Jeff Zucker is looking to spin off or sell some of the company's assets when he attends a media conference, the New York Post reported on Wednesday.

Reuters - Chances appear slim that Congress will vote this year on legislation requiring terrestrial radio stations to pay artists and labels performance royalties to play their recordings.

Reuters - The Chicago Tribune told staff on Tuesday that it will cut 80 of its 578 newsroom jobs by the end of August, joining other Tribune newspapers that are laying off staff and trimming the size of their papers as they try to save money, according to a report on the paper's website.

Reuters - NBC Universal on Tuesday formally announced the most wide-ranging coverage plan for any Olympics in history, including 225 hours over 17 days on NBC and 3,600 hours total across TV, online and mobile.

Reuters - The smaller of Hollywood's two performers unions ratified a new prime-time TV contract on Tuesday, undermining a last-ditch bid by the larger, more militant Screen Actors Guild to secure a richer deal.

Reuters - It's a tale of two movies, with an oddly similar ending.

Reuters - In business, timing is everything.