Car dealerships across the United States may see an increase in sales over Thanksgiving weekend, according to a new report from Edmunds.com, which tracks the automotive industry online.

The unsold inventory index for existing homes in October was 4 months, down from 6.1 months for the same period a year ago, the California Association of Realtors reported Wednesday.

The Washington Post is shuttering its bureau offices in Los Angeles, New York and Chicago at the end of the year, according to an e-mail sent to staff on Tuesday.

Los Angeles Dodgers Owner Frank McCourt is running into financial trouble and living paycheck-to-paycheck and is behind on his mortgage, The Wall Street Journal reports Wednesday.

After months of negotiation, Spanish telecom giant Telefonica said Wednesday night it has bought a 21% stake in Spain's leading media group Prisa's pay TV subsidiary, Sogecable, for €470 million ($707.5 million).

German broadcaster and rights group Constantin Media achieved turnaround in Q3, earning net profits of €3.6 million ($5.4 million) on revenues of €128.5 million ($194 million). To compare: in Q3 2008 Constantin Media lost €127 million on revenues of just

German indie Constantin Film held steady in the third quarter, with local-language hits "Vicky the Viking" and "Wedding Fever in Campobello" helping boost group revenue to €71.7 million ($108 million) and net profits to €5.2 million ($7.8 million) from €1.9

Metro-Goldwyn-Mayer, the famed film studio that is considering selling itself, has sent confidentiality agreements to about 20 interested parties including Time Warner Inc and News Corp, sources familiar with the matter said on Tuesday.