Two small, long-struggling television networks — UPN and The WB — will shut down this fall and programming from both will be used to launch a new network aimed mainly at young and minority viewers. […] UPN and The WB had both struggled to compete against larger rivals in the broadcast TV business, including Walt Disney Co.’s ABC, General Electric Co.’s NBC, CBS Corp.’s CBS and News Corp.’s Fox.

news.yahoo

… and Disney? Disney will acquire Pixar [golem.de]

The Walt Disney Co.’s purchase of Pixar Animation Studios Inc. allows Disney to inject new creative life into its animation efforts, while Pixar can end its public run at the top of its game.
However, it remains to be seen whether the $7.4 billion price tag is justified - not to mention the fate of Pixar’s unique corporate culture once ensconced in a massive media conglomerate.

forbes