CNN is more concerned about competition from social networks than other cable news networks, CNN U.S. president Jonathan Klein said here Wednesday. "The competition I'm really afraid of are social networking sites," he said in a keynote interview at Bloomberg BusinessWeek's Media Summit New York. They provide "an alternative that threatens to pull people away from us."

CBS CEO Leslie Moonves put two groups on notice Tuesday that they will be paying the network more in the future than they have in the past.  Advertisers will pay more in the form of higher prices for commercials. And the network’s local TV affiliates will pay more too, in the form of substantial portions of the retransmission consent fees they receive from cable operators--or they will risk losing their network affiliations.

Expect local television and radio revenues to continue their contraction until next year and then inch up for the next three years. All this will occur as local digital revenues will steadily and sharply rise.

Robert Halderman, the man accused of trying to extort $2 million from David Letterman, pleaded guilty on Tuesday in State Supreme Court in Manhattan and will serve six months in jail.

Indianapolis - This is a sad day for all of us at Channel 13. We are mourning the death of our president and general manager Jim Tellus. Jim died of an apparent heart attack Monday night while attending a business meeting in Ohio.