UPDATE 4-Viacom posts lower profit; unveils Verizon deal

* Q2 rev falls 14 pct to $3.3 bln vs Street view $3.5 bln

* Announces Epix distribution deal with Verizon's FiOS

* Nearly completed advertising deals in upfront market

...[more]
Niche social sites seek growth under Facebook's shadow

The answer may be to try to carve out a separate path by becoming a niche website for a specific audience base that advertisers, hopefully, want to target.

While this is no easy chall ...[more]

Digest of recent French company results

JULY 24

Thomson SA () pre-released first-half accounts, which it said showed a "marked improvement in operational profitability" despite a challenging economic climate. R ...[more]

PREVIEW-Media results set to show "late-cycle" fears overdone

* B2Bs still have room to cut costs

* Advertising declines stabilising but still double-digit

* For a global earnings diary, double click on [GLO/EQUITY]

[more]

UPDATE 2-M6 H1 core profit resilient, July better for ads
), France's second-largest commercial TV broadcaster, posted a flat first-half operating income on Tuesday, as lower programming costs helped cushion the impact of depressed advertising markets.

[more]
UPDATE 2-Check Point's Q2 net beats estimates, upbeat for 2009

* Sees Q3 revenue $220-$236 mln

* Looks for new acquisitions

* Shares jump nearly 6 percent on Nasdaq

(Adds company outlook, CEO quotes)

By Joseph Nasr< ...[more]

Niche social sites seek growth under Facebook's shadow

* Ning, Sodahead, Fanpop grew in triple digits in June

* Younger users on Facebook becoming disenchanted: analyst

* Applications becoming larger than some second-rung sites ...[more]

UPDATE 5-Rogers Comms profit up, but revenue outlook cut

* Sees wireless user spending down

* Cuts 2009 revenue growth forecast

* Activates 315,000 smartphones in quarter

* Shares fall 5.5 percent (Adds CEO comments, de ...[more]

UPDATE 3-McGraw-Hill Q2 net down 23 pct, cuts 2009 outlook

* Outlook lowered, profit may fall short of forecasts

* Demand for textbooks, credit ratings, magazine ads falls

* Shares slightly lower (Adds CEO comments, share price)[more]

Apple working on digital albums, tablet PC: sources

The labels are attempting to revive the multi-track album format with new software that packages songs, traditional album liner notes, music videos, and other interactive extras as part of a ...[more]

UPDATE 3-Interpublic profit drops; shares down sharply
) reported a sharper-than-expected drop in quarterly results, sending its shares down 11 percent and making it clear that the advertising industry's troubles are not yet over.
 While In ...[more]

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