Time running out for Eidos to save itself

Eidos, the computer games company that created Tomb Raider's Lara Croft, has two weeks to clinch a takeover deal or it will be at the mercy of its bankers. By Richard Wray and Neil Hume.

New York Times buys About.com

The New York Times Company last night announced a $410m (£216m) deal to buy the online information business About.com from publishing group Primedia.

Time Warner gets back on its feet

Time Warner said yesterday that profits last year grew by 27% to $3.36bn (£1.78bn), signalling that the world's largest media company is back on track after a turbulent few years.

Napster launches bands on the run

Digital media company Napster yesterday unveiled a portable subscription service it claimed would 'change the music industry forever' and allow it to compete more effectively with Apple's iTunes. By Owen Gibson.

BT spends £10m to take on Yell

BT is planning to spend more than £10m on advertising its phonebooks operation this year as the company takes on Yellow Pages. By Richard Wray.

$210m settlement in AOL fraud inquiry

Time Warner agreed to pay $210m (£108m) yesterday to settle criminal fraud charges related to its internet service provider America Online. By David Teather.

Toshiba signals DVD format war

Sony, the Japanese electronics and entertainment group, has approached arch-rival Toshiba in an attempt to prevent a damaging format war over their next-generation DVDs. By Jane Martinson.

Eisner: Disney brief advised me on Ovitz

Walt Disney chief Michael Eisner yesterday said he had relied on the advice of the company's top legal officer to decide that former president Michael Ovitz could not be fired without severence. By David Teather.

Eisner: Ovitz too ‘elitist’ for Disney

In his second day of testimony in a shareholder lawsuit, Walt Disney chief executive Michael Eisner said the former company president, Michael Ovitz, had difficulty adjusting to the Disney culture. By David Teather.