US-INDUSTRY Summary

CBC's English-language chief leaving for Twitter job

TORONTO (Reuters) - The head of the Canadian Broadcasting Corp's English-language service is leaving the public broadcaster to join micro-blogging company Twitter, the CBC said on Monday. Kirstine Stewart, the CBC's executive vice-president of English services, will leave immediately and a recruitment process for her replacement has been launched.

Bertelsmann offers RTL shares at 55.50 euros each

FRANKFURT (Reuters) - German media conglomerate Bertelsmann has set the placement price for part of its stake in RTL Group at 55.50 euros, bringing it gross proceeds of up to 1.42 billion euros ($1.86 billion), RTL said on Monday. Privately-owned Bertelsmann is looking for cash to fund growth as well as an overhaul of its business to catch up with rapidly-changing markets.

Iraq watchdog suspends 10 TV channels for inciting violence

BAGHDAD (Reuters) - Iraq has suspended the licenses of satellite news network Al Jazeera and nine other channels, accusing them of inciting violence through their coverage of recent sectarian clashes. The Communication and Media Commission (CMC) regulator criticized their reporting of violence triggered by a security forces raid on a Sunni Muslim protest camp in Hawija on Tuesday.

Time Warner Cable shifts away from "triple play"

(Reuters) - Time Warner Cable Inc, the second-largest U.S. cable provider, will no longer aggressively push "triple play" packages of Internet, video and voice on its customers, moving away from the long-held industry practice of bundling the services together. Time Warner Cable is the first cable company in the U.S. to acknowledge that customers would prefer to only pay for television and Internet, as demand for landline service has been declining steadily with many people only using cellphones, even at home.

NY Times to roll out new products in search of revenue

(Reuters) - New York Times Co reported a decline in quarterly revenue on weak advertising sales but said it would try to grow out of the slump by expanding its suite of digital products. The 11.2 percent drop in advertising revenue in the first quarter underscores the pressure that the New York Times faces to increase its subscription revenue, especially for its digital products, and find new veins of income.

Hyundai Motor suicide ad draws ire for South Korean company

SEOUL (Reuters) - South Korean automaker Hyundai Motor Co has been forced to apologize for an advertisement that sought to promote the zero carbon emissions of one of its cars by featuring a man failing to commit suicide using a hose attached to the exhaust. The ad debacle is the latest to hit the carmaker, the world's fifth largest by sales when combined with its Kia Motors affiliate, after it exaggerated fuel performance figures in the United States, and announced a large-scale vehicle recall this month.

Watchdogs to focus on new media in Nielsen/Arbitron deal: experts

WASHINGTON (Reuters) - U.S. antitrust regulators are likely to scrutinize new forms of advertising as they mull the planned purchase by television rating giant Nielsen Holdings NV of Arbitron Inc, which dominates radio ratings, legal experts say. The Federal Trade Commission, in assessing the $1.26 billion merger to ensure it complies with antitrust law, will likely focus on the emerging frontier - cross-platform data designed to tell advertisers in a holistic way what customers watch on television, listen to on the radio, look at online and see on their mobile devices.

Analysis: Truth and consequences - a dilemma for Twitter and its users

SAN FRANCISCO (Reuters) - Does Twitter have a credibility problem? For many, a single fake tweet from the Associated Press account that briefly roiled financial markets on Tuesday, driving the Dow Jones industrial average down about 145 points, vividly reaffirmed the fearsome, near-instantaneous power of the 140-character message.

Netflix has good hand with "House of Cards", shares soar 24 percent

(Reuters) - Netflix Inc impressed investors with solid subscriber growth and better-than-expected profits in the first quarter, sending shares of the video subscription service soaring 24 percent higher in after-hours trade. A big push into original shows, a strategy aimed at hooking new customers with content they can't get anywhere else, seems to be working, with its February release of the series "House of Cards", a drama starring Kevin Spacey, generating plenty of buzz.

Nexstar, Mission Broadcasting to buy 19 TV stations for $270 million

(Reuters) - Nexstar Broadcasting Group and Mission Broadcasting Inc said they would buy privately held Communications Corporation of America and White Knight Broadcasting for $270 million. The deal involves 19 television stations in Louisiana and Texas, out of which Nexstar will acquire 11 stations that belong to Communications Corporation of America while Mission Broadcasting will acquire the rest.

Source: http://news.yahoo.com/us-industry-summary-172143637.html

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