Disney’s theme parks, resorts and its cable division, led by ESPN, drove increases in both its revenues and income for the first quarter of fiscal year 2012, the company said Tuesday.

While its revenue of $10.78 billion fell short of Wall Street expectations, that figure was still a one percent increase on the same quarter from last year. Moreover, its earnings per share of $0.80 bested what the Street foresaw, as income increased 12 percent to $1.46 billion from the comparable period a year ago.

Disney President and CEO Robert A. Iger said that the company is off to a good start for its fiscal year, "executing on our ongoing strategy, deriving greater value from our brands – Disney, Pixar, Marvel,...

Flingo, a company co-founded in 2008 by Bit Torrent co-founder Ashwin Navin, has locked up $7 million in funding from August Capital to expand its social TV platform, the company announced Tuesday.

Flingo is a publisher of Smart TV apps – apps for Internet-enabled televisions – and it will use this latest round of funding to delve further into the “second screen” space. That means apps and other content on laptops, phones and tablets that one uses while watching television.

The company attempts to merge the TV experience with what happens on the second screen. It uses audio recognition software to recognize what is on TV, providing web content on the second screen that corresponds to that....

U.S. authorities are stepping up investigations, including an FBI criminal inquiry, into possible violations by employees of Rupert Murdoch's media empire of a U.S. law banning corrupt payments to foreign officials such as police, law enforcement and corporate sources said.

But U.S. investigators have found little to substantiate allegations of phone hacking inside the United States by Murdoch journalists, the sources added.

The FBI is conducting an investigation into possible criminal violations by Murdoch employees of the U.S. Foreign Corrupt Practices Act (FCPA), a law intended to curb payment of bribes by U.S. companies to foreign officials, a U.S. law enforcement official said.

The U.S....

The Huffington Post will launch its own live online video network this summer with 12 hours of new programming every day, the company announced on Thursday.

AOL CEO Tim Armstrong, HuffPost co-founder Arianna Huffington and network chief Roy Sekoff offered reporters a demo of the Huffington Post Streaming Network in New York, and promised a “game-changing” idea predicated on engagement.

"The network will be built around segments spotlighting the biggest, hottest, most engaging stories HuffPost is covering at any given moment and using them as the jumping-off points for conversations, commentary, and comedy...