Viacom 4Q earnings, revenue up on 'Transformers'

(AP) -- Viacom says it turned the success of "Transformers: Dark of the Moon" into a pile of money in its latest quarter, as earnings tripled and revenue grew 22 percent.

Snapchat brings on Buzzfeed and iHeartRadio as partners

Snapchat has replaced Yahoo and Warner Music Group with iHeartRadio and Buzzfeed on the list of about a dozen media organizations that get a big opportunity to generate revenue through the popular entertainment app.

Comedy Central to launch Twitter comedy festival

Putting a new test to the adage that brevity is the soul of wit, Comedy Central is partnering with Twitter for a comedy festival played out in 140 characters and 6-second videos.

Viacom fiscal 2Q net income up 16 pct

Viacom is reporting a 16 percent jump in net income for the first quarter thanks in part to smaller losses at its film division.

Cablevision sues Viacom over channel bundling

Cable TV company Cablevision says that it is suing Viacom, arguing that the operator of pay-TV networks like Nickelodeon, MTV and Comedy Central is "illegally forcing" it to carry 14 channels that aren't watched very much.

Viacom, Time Warner Cable settle dispute over app

(AP) -- Viacom Inc., the parent of pay TV networks MTV and Comedy Central, has settled a dispute with Time Warner Cable Inc. over whether its subscribers can watch shows like "Jersey Shore" on mobile devices while at home.

Snapchat closes Snap Channel on Discover, layoffs expected

Disappearing messaging platform Snapchat is winding down its own channel for original content called Snap Channel, with layoffs potentially affecting about a dozen people, although they could be rehired in other roles.

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