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Providence Equity Partners might back away from its $1.2 billion deal to buy Clear Channel Communications' 56 television stations, an agreement announced in April that was supposed to close soon. Confirmation of Providence's sudden case of cold feet came Thursday in a report filed by Clear Channel w...

Times are tough at Sprint Nextel. The company reported losing 337,000 post-paid customers and suffered a 77 percent decline in third-quarter profits during a period that also saw the struggling company remove its CEO. The Reston, Va.-based communication company, which trails Verizon Wireless and AT&...

In an effort to further streamline its operations and somehow become more competitive, French-American telecom equipment maker Alcatel-Lucent is planning to ax about 4,000 workers during the coming year. Cutting jobs is nothing new at Alcatel-Lucent. The company in February announced it would lay of...

NBC Universal and News Corp. have launched a beta version of Hulu, an advertising-driven Web site where users can view for free television shows, clips and movies. Currently available only to those who are invited after sending in applications, Hulu is presenting full-length versions of hit programs...

Motorola reported third-quarter net profits of $60 million, a dismal number compared to the $968 million in profit it enjoyed a year ago but better than the net losses it suffered in the past three quarters. The fact that the Schaumburg, Ill., electronics maker turned a profit in Q3, albeit a slim o...

AT&T grew its business strongly in the past three months, delivering its tenth quarter in a row of double-digit earnings-per-share growth. The San Antonio-based telecommunications giant, the nation's biggest, reported quarterly revenues of $30.1 billion, almost double from a year ago, and net in...

AT&T grew its business strongly in the past three months, delivering its tenth quarter in a row of double-digit earnings-per-share growth. The San Antonio-based telecommunications giant, the nation's biggest, reported quarterly revenues of $30.1 billion, almost double from a year ago, and net in...

AT&T grew its business strongly in the past three months, delivering its tenth quarter in a row of double-digit earnings-per-share growth. The San Antonio-based telecommunications giant, the nation's biggest, reported quarterly revenues of $30.1 billion, almost double from a year ago, and net in...

A group of heavy-hitting media and Internet players have hammered out a plan to thwart the uploading and Web publication of copyrighted material, particularly video clips. Key to the plan's effectiveness is technology that will determine if content being posted to Web sites, such as MySpace and Veoh...

Sony is shuffling its Cell Broadband Engine deck chairs in an effort to cut losses related to production of PlayStation 3 game consoles and improve the units' efficiency and pricing. The company is selling to Toshiba its fabrication facilities in Nagasaki, Japan, a deal expected to take place by the...

Bolstered by a 20 percent increase in mobile product revenues, Intel late Tuesday issued a strong third-quarter earnings report that discussed record-level shipments of processors, chipsets and flash memory. The Santa Clara, Calif., company's Q3 revenues came in at $10.1 billion, a 15 percent increa...

Media company EW Scripps announced a plan to split into two separate public companies: one for national media efforts and the other for local and community brands. The proposed split, expected to be completed early next year, is designed to allow the two separated companies to bring "sharpened strat...

Bolstering its online portfolio of informative offerings, Discovery Channel owner Discovery Communications is buying HowStuffWorks.com and planning to merge content to create a sort of "video Wikipedia." Terms of the acquisition were not disclosed, but Silver Springs, Md.-based Discovery noted HowSt...

Google on Wednesday launched the fifth version of its enterprise search appliance with more security, better internal search result relevance and a wider reach across enterprise content management systems. The Version 5.0 upgrades of the Google Search Appliance allow business managers to search acro...

As it prepares to meet its customers' growing demands for wireless multimedia services, AT&T's board of directors approved the acquisition of 700 MHz spectrum licenses from Aloha Partners. The purchase will cost the nation's largest wireless carrier about $2.5 billion. The purchase will give AT&...

As it prepares to meet its customers' growing demands for wireless multimedia services, AT&T's board of directors approved the acquisition of 700 MHz spectrum licenses from Aloha Partners. The purchase will cost the nation's largest wireless carrier about $2.5 billion. The purchase will give AT&...

As it prepares to meet its customers' growing demands for wireless multimedia services, AT&T's board of directors approved the acquisition of 700 MHz spectrum licenses from Aloha Partners. The purchase will cost the nation's largest wireless carrier about $2.5 billion. The purchase will give AT&...

Business is booming at Research In Motion as regular consumers join their business-oriented brethren in snapping up the company's ever-expanding line of BlackBerry mobile devices. Second quarter revenue at RIM was up 27 percent from the first quarter and more than doubled last year's second quarter,...

Nokia, the world's biggest mobile phone maker, has agreed to buy navigation specialist Navteq, a deal that Nokia says will help it expand its business into location-based Internet services. The Finnish phone giant will pay $8.1 billion for the Chicago-based company, pending regulatory and shareholde...

Having agreed to buy Slingbox maker Sling Media, Dish Network parent company EchoStar Communications now is considering splitting itself into two distinct companies. The Colorado-based satellite TV company wants to separate its consumer-based and wholesale businesses, a move it says will allow both ...