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Former Disney CEO Michael Eisner is getting back in the movie business. The 70-year-old said Tuesday that the media company he founded, The Tornante Company, will finance films that will be distributed by Comcast Corp.'s Universal Pictures.

The board of directors at Rupert Murdoch's News Corp. has approved a plan that calls for splitting the global media conglomerate into two separate companies, one holding its newspaper business and another its entertainment operations, according to a report in The Wall Street Journal.

CEO Rupert Murdoch has reportedly warmed to the idea of separating the conglomerate's entertainment businesses from its publishing assets.

Yahoo Inc shareholder Daniel Loeb appealed to the company's co-founder Jerry Yang to fire Chairman Roy Bostock and several other directors to revive the Internet media company after years of poor performance.

Viacom says its net income and revenue grew in the latest quarter, handily surpassing Wall Street's expectations thanks to the strength of MTV, Comedy Central and other networks....